Nabors Industries Ltd
NYSE:NBR
Income Statement
Earnings Waterfall
Nabors Industries Ltd
Revenue
|
3B
USD
|
Cost of Revenue
|
-1.8B
USD
|
Gross Profit
|
1.2B
USD
|
Operating Expenses
|
-973.2m
USD
|
Operating Income
|
222.1m
USD
|
Other Expenses
|
-323.5m
USD
|
Net Income
|
-101.4m
USD
|
Income Statement
Nabors Industries Ltd
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
6 206
N/A
|
6 365
+3%
|
6 627
+4%
|
6 804
+3%
|
6 629
-3%
|
5 876
-11%
|
4 909
-16%
|
3 864
-21%
|
3 047
-21%
|
2 756
-10%
|
2 428
-12%
|
2 228
-8%
|
2 193
-2%
|
2 253
+3%
|
2 395
+6%
|
2 564
+7%
|
2 736
+7%
|
2 867
+5%
|
2 984
+4%
|
3 058
+2%
|
3 123
+2%
|
3 133
+0%
|
3 111
-1%
|
3 043
-2%
|
2 962
-3%
|
2 725
-8%
|
2 405
-12%
|
2 134
-11%
|
1 876
-12%
|
1 832
-2%
|
1 917
+5%
|
2 018
+5%
|
2 126
+5%
|
2 267
+7%
|
2 437
+7%
|
2 654
+9%
|
2 864
+8%
|
3 000
+5%
|
3 040
+1%
|
3 006
-1%
|
2 961
-2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(4 049)
|
(4 143)
|
(4 343)
|
(4 505)
|
(4 363)
|
(3 785)
|
(3 121)
|
(2 371)
|
(1 817)
|
(1 670)
|
(1 458)
|
(1 344)
|
(1 367)
|
(1 443)
|
(1 578)
|
(1 718)
|
(1 806)
|
(1 882)
|
(1 938)
|
(1 977)
|
(2 023)
|
(2 025)
|
(2 004)
|
(1 929)
|
(1 870)
|
(1 700)
|
(1 495)
|
(1 333)
|
(1 162)
|
(1 148)
|
(1 214)
|
(1 287)
|
(1 369)
|
(1 460)
|
(1 556)
|
(1 666)
|
(1 756)
|
(1 807)
|
(1 823)
|
(1 790)
|
(1 765)
|
|
Gross Profit |
2 158
N/A
|
2 222
+3%
|
2 284
+3%
|
2 299
+1%
|
2 266
-1%
|
2 091
-8%
|
1 788
-14%
|
1 493
-17%
|
1 230
-18%
|
1 086
-12%
|
970
-11%
|
884
-9%
|
826
-7%
|
809
-2%
|
817
+1%
|
846
+4%
|
930
+10%
|
984
+6%
|
1 046
+6%
|
1 081
+3%
|
1 101
+2%
|
1 107
+1%
|
1 108
+0%
|
1 114
+1%
|
1 092
-2%
|
1 025
-6%
|
910
-11%
|
801
-12%
|
714
-11%
|
684
-4%
|
704
+3%
|
731
+4%
|
757
+4%
|
807
+7%
|
881
+9%
|
988
+12%
|
1 109
+12%
|
1 193
+8%
|
1 218
+2%
|
1 216
0%
|
1 195
-2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 629)
|
(1 644)
|
(1 673)
|
(2 091)
|
(1 689)
|
(1 575)
|
(1 517)
|
(1 452)
|
(1 266)
|
(1 247)
|
(1 162)
|
(1 429)
|
(1 637)
|
(1 639)
|
(1 647)
|
(1 138)
|
(1 162)
|
(1 170)
|
(1 167)
|
(1 207)
|
(1 194)
|
(1 194)
|
(1 201)
|
(1 262)
|
(1 218)
|
(1 188)
|
(1 151)
|
(1 091)
|
(1 037)
|
(1 003)
|
(982)
|
(944)
|
(933)
|
(935)
|
(937)
|
(950)
|
(967)
|
(972)
|
(970)
|
(948)
|
(973)
|
|
Selling, General & Administrative |
(529)
|
(531)
|
(542)
|
(550)
|
(543)
|
(495)
|
(438)
|
(324)
|
(260)
|
(230)
|
(204)
|
(228)
|
(229)
|
(236)
|
(245)
|
(251)
|
(262)
|
(267)
|
(268)
|
(266)
|
(259)
|
(256)
|
(253)
|
(259)
|
(248)
|
(230)
|
(212)
|
(204)
|
(201)
|
(206)
|
(213)
|
(214)
|
(213)
|
(219)
|
(224)
|
(228)
|
(237)
|
(242)
|
(246)
|
(244)
|
(244)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(41)
|
(50)
|
(58)
|
(66)
|
(34)
|
(37)
|
(40)
|
(45)
|
(51)
|
(55)
|
(56)
|
(58)
|
(56)
|
(54)
|
(53)
|
(51)
|
(50)
|
(48)
|
(44)
|
(39)
|
(34)
|
(30)
|
(30)
|
(32)
|
(35)
|
(39)
|
(42)
|
(46)
|
(50)
|
(53)
|
(56)
|
(56)
|
(56)
|
(55)
|
|
Depreciation & Amortization |
(1 099)
|
(1 116)
|
(1 129)
|
(1 145)
|
(1 144)
|
(1 079)
|
(1 033)
|
(971)
|
(905)
|
(906)
|
(887)
|
(872)
|
(860)
|
(849)
|
(845)
|
(843)
|
(853)
|
(863)
|
(854)
|
(867)
|
(864)
|
(864)
|
(877)
|
(876)
|
(893)
|
(886)
|
(871)
|
(854)
|
(804)
|
(768)
|
(734)
|
(693)
|
(681)
|
(668)
|
(664)
|
(665)
|
(664)
|
(661)
|
(653)
|
(645)
|
(640)
|
|
Other Operating Expenses |
(1)
|
3
|
(2)
|
(396)
|
(3)
|
(1)
|
(46)
|
(116)
|
(51)
|
(54)
|
(5)
|
(296)
|
(511)
|
(514)
|
(513)
|
7
|
9
|
16
|
13
|
(18)
|
(17)
|
(21)
|
(20)
|
(76)
|
(29)
|
(29)
|
(29)
|
0
|
(3)
|
1
|
(3)
|
(2)
|
(1)
|
(6)
|
(3)
|
(7)
|
(13)
|
(13)
|
(14)
|
(2)
|
(34)
|
|
Operating Income |
528
N/A
|
578
+10%
|
611
+6%
|
208
-66%
|
577
+178%
|
516
-11%
|
272
-47%
|
42
-85%
|
(35)
N/A
|
(161)
-360%
|
(192)
-19%
|
(545)
-184%
|
(811)
-49%
|
(829)
-2%
|
(830)
0%
|
(292)
+65%
|
(231)
+21%
|
(186)
+20%
|
(122)
+34%
|
(126)
-4%
|
(93)
+26%
|
(87)
+6%
|
(93)
-7%
|
(148)
-58%
|
(126)
+14%
|
(163)
-29%
|
(241)
-48%
|
(290)
-20%
|
(323)
-12%
|
(319)
+1%
|
(278)
+13%
|
(213)
+23%
|
(177)
+17%
|
(128)
+28%
|
(56)
+56%
|
38
N/A
|
142
+277%
|
221
+55%
|
248
+12%
|
268
+8%
|
222
-17%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(194)
|
(191)
|
(180)
|
(173)
|
(167)
|
(169)
|
(201)
|
(255)
|
(435)
|
(491)
|
(459)
|
(412)
|
(252)
|
(206)
|
(214)
|
(223)
|
(230)
|
(240)
|
(241)
|
(241)
|
(229)
|
(214)
|
(221)
|
(215)
|
(221)
|
(221)
|
(222)
|
(217)
|
(204)
|
(194)
|
(174)
|
(175)
|
(255)
|
(270)
|
(231)
|
(266)
|
(150)
|
(120)
|
(163)
|
(124)
|
(157)
|
|
Non-Reccuring Items |
(255)
|
(256)
|
(15)
|
(648)
|
(982)
|
(984)
|
(1 172)
|
(216)
|
(739)
|
(780)
|
(593)
|
(227)
|
152
|
187
|
194
|
(46)
|
(47)
|
(113)
|
(131)
|
(140)
|
(137)
|
(165)
|
(151)
|
(219)
|
(520)
|
(441)
|
(431)
|
(187)
|
79
|
41
|
14
|
(76)
|
(84)
|
(25)
|
(10)
|
(11)
|
15
|
14
|
3
|
(1)
|
0
|
|
Gain/Loss on Disposition of Assets |
(13)
|
(22)
|
(8)
|
9
|
8
|
20
|
(12)
|
2
|
229
|
200
|
214
|
(15)
|
(12)
|
19
|
16
|
(19)
|
(18)
|
(25)
|
(20)
|
(12)
|
(13)
|
(16)
|
(9)
|
(7)
|
(5)
|
1
|
(4)
|
(12)
|
(19)
|
(27)
|
(24)
|
(24)
|
(16)
|
(3)
|
(8)
|
(7)
|
(8)
|
(12)
|
(14)
|
(14)
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(13)
|
|
Pre-Tax Income |
67
N/A
|
110
+64%
|
408
+271%
|
(605)
N/A
|
(565)
+7%
|
(618)
-9%
|
(1 114)
-80%
|
(428)
+62%
|
(980)
-129%
|
(1 232)
-26%
|
(1 029)
+16%
|
(1 198)
-16%
|
(923)
+23%
|
(830)
+10%
|
(835)
-1%
|
(580)
+31%
|
(527)
+9%
|
(564)
-7%
|
(513)
+9%
|
(519)
-1%
|
(472)
+9%
|
(482)
-2%
|
(475)
+2%
|
(589)
-24%
|
(872)
-48%
|
(824)
+5%
|
(899)
-9%
|
(706)
+21%
|
(468)
+34%
|
(500)
-7%
|
(462)
+8%
|
(488)
-6%
|
(531)
-9%
|
(425)
+20%
|
(305)
+28%
|
(246)
+19%
|
(1)
+100%
|
103
N/A
|
74
-28%
|
129
+74%
|
52
-60%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
51
|
46
|
(60)
|
(63)
|
(28)
|
(84)
|
59
|
98
|
130
|
237
|
187
|
187
|
160
|
139
|
122
|
222
|
173
|
130
|
105
|
(79)
|
(86)
|
(74)
|
(87)
|
(92)
|
(80)
|
(73)
|
(45)
|
(57)
|
(49)
|
(70)
|
(76)
|
(56)
|
(60)
|
(44)
|
(54)
|
(62)
|
(71)
|
(88)
|
(86)
|
(79)
|
(72)
|
|
Income from Continuing Operations |
118
|
156
|
348
|
(667)
|
(593)
|
(702)
|
(1 055)
|
(330)
|
(851)
|
(995)
|
(842)
|
(1 011)
|
(762)
|
(691)
|
(713)
|
(359)
|
(355)
|
(434)
|
(409)
|
(598)
|
(558)
|
(556)
|
(562)
|
(681)
|
(951)
|
(897)
|
(944)
|
(763)
|
(517)
|
(569)
|
(538)
|
(544)
|
(590)
|
(470)
|
(358)
|
(307)
|
(72)
|
15
|
(12)
|
50
|
(20)
|
|
Income to Minority Interest |
(8)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
0
|
(0)
|
(1)
|
2
|
0
|
(0)
|
(0)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(12)
|
(28)
|
(42)
|
(50)
|
(62)
|
(22)
|
(26)
|
(25)
|
(17)
|
(43)
|
(34)
|
(30)
|
(26)
|
(26)
|
(27)
|
(34)
|
(37)
|
(43)
|
(45)
|
(44)
|
(52)
|
(62)
|
(75)
|
|
Net Income (Common) |
88
N/A
|
156
+77%
|
364
+134%
|
(683)
N/A
|
(611)
+11%
|
(708)
-16%
|
(1 103)
-56%
|
(381)
+66%
|
(892)
-134%
|
(1 037)
-16%
|
(856)
+18%
|
(1 030)
-20%
|
(785)
+24%
|
(734)
+7%
|
(770)
-5%
|
(534)
+31%
|
(532)
+0%
|
(611)
-15%
|
(587)
+4%
|
(666)
-13%
|
(650)
+2%
|
(654)
-1%
|
(661)
-1%
|
(741)
-12%
|
(1 014)
-37%
|
(957)
+6%
|
(994)
-4%
|
(838)
+16%
|
(581)
+31%
|
(623)
-7%
|
(583)
+7%
|
(582)
+0%
|
(626)
-8%
|
(513)
+18%
|
(405)
+21%
|
(361)
+11%
|
(134)
+63%
|
(34)
+74%
|
(67)
-95%
|
(50)
+25%
|
(101)
-102%
|
|
EPS (Diluted) |
14.66
N/A
|
25.95
+77%
|
61.72
+138%
|
-117.74
N/A
|
-107.1
+9%
|
-124.28
-16%
|
-193.49
-56%
|
-66.75
+66%
|
-162.21
-143%
|
-188.54
-16%
|
-155.54
+18%
|
-187.21
-20%
|
-140.16
+25%
|
-131
+7%
|
-137.53
-5%
|
-95.28
+31%
|
-85.74
+10%
|
-81.45
+5%
|
-83.9
-3%
|
-99.43
-19%
|
-92.88
+7%
|
-93.48
-1%
|
-94.48
-1%
|
-105.87
-12%
|
-142.8
-35%
|
-134.77
+6%
|
-139.98
-4%
|
-118
+16%
|
-81.81
+31%
|
-83.07
-2%
|
-73.73
+11%
|
-76.63
-4%
|
-75.44
+2%
|
-56.41
+25%
|
-44.49
+21%
|
-40.52
+9%
|
-13.77
+66%
|
-3.94
+71%
|
-7.34
-86%
|
-5.49
+25%
|
-11.04
-101%
|