NBR FY 2010 Earnings Report — Nabors Industries Ltd. Revenue & Financial Results | Market Cap Arena

Nabors Industries Ltd.NBR

FY 2010 Earnings

Reported March 31, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$4.2B	—	$3.5B	—	20.3%
Op. Income	$616M	—	$369M	—	67.0%
Gross Margin	42.5%	—	42.6%	—	-0.1pp
Net Margin	2.2%	—	-2.4%	—	4.7pp
EPS (Diluted)	$16.50	—	$-15.10	—	209.3%
Free Cash Flow	$177M	—	$524M	—	-66.2%

Revenue Flow

Item	Amount
REVENUE	$4.2B
Cost of Revenue	$2.4B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$347M
SG&A Expenses	$347M
Other Expenses	$829M
Operating Expenses	$1.2B
Cost & Expenses	$3.6B
OPERATING INCOME	$616M
Interest Income	$332.0K
Interest Expense	$273M
Other Income/Expenses	-$529M
INCOME BEFORE TAX	$82M
Income Tax Expense	-$25M
Net Income from Continuing Ops	$257M
Net Income from Discontinued Ops	$0
Other Adjustments	-$161M
NET INCOME	$95M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$95M
D&A	$764M
EBIT	$566M
EBITDA	$1.1B
EPS	$17
EPS Diluted	$17

Income Statement

Item	Amount
REVENUE	$4.2B
Cost of Revenue	$2.4B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$347M
SG&A Expenses	$347M
Other Expenses	$829M
Operating Expenses	$1.2B
Cost & Expenses	$3.6B
OPERATING INCOME	$616M
Interest Income	$332.0K
Interest Expense	$273M
Other Income/Expenses	-$529M
INCOME BEFORE TAX	$82M
Income Tax Expense	-$25M
Net Income from Continuing Ops	$257M
Net Income from Discontinued Ops	$0
Other Adjustments	-$161M
NET INCOME	$95M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$95M
D&A	$764M
EBIT	$566M
EBITDA	$1.1B
EPS	$17
EPS Diluted	$17

Cash Flow Statement

Item	Amount
Net Income	$95M
Depreciation & Amortization	$767M
Stock-Based Compensation	$14M
Deferred Income Tax	$56M
Other Non-Cash Items	$378M
Change in Working Capital	-$202M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$930M
Acquisitions (Net)	-$775M
Purchases of Investments	-$34M
Sales/Maturities of Investments	$35M
Other Investing Activities	$31M
NET CASH FROM INVESTING	-$1.7B
Net Debt Issuance	$292M
Common Stock Repurchased	-$2M
Common Dividends Paid	$0
Other Financing Activities	-$18M
NET CASH FROM FINANCING	$280M
FREE CASH FLOW	$177M
Net Change in Cash	-$286M

Balance Sheet

Item	Amount
Cash & Equivalents	$801M
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$159M
Other Current Assets	$536M
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$7.8B
Goodwill	$494M
Intangible Assets	$0
Long-Term Investments	$308M
Tax Assets	$32M
Other Non-Current Assets	$384M
TOTAL NON-CURRENT ASSETS	$9.0B
TOTAL ASSETS	$11.6B
Account Payables	$355M
Short-Term Debt	$1.4B
Deferred Revenue	-$355M
Other Current Liabilities	$156M
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$3.1B
Deferred Revenue NC	-$770M
Deferred Tax Liabilities	$770M
Other Non-Current Liabilities	$315M
TOTAL NON-CURRENT LIABILITIES	$4.1B
TOTAL LIABILITIES	$6.3B
Common Stock	$315.0K
Additional Paid-In Capital	$2.3B
Retained Earnings	$3.7B
Treasury Stock	-$978M
Accum. Other Comp. Income	$342M
Other Equity	-$69M
TOTAL STOCKHOLDERS' EQUITY	$5.3B
Minority Interest	$15M
TOTAL EQUITY	$5.3B
TOTAL LIABILITIES & EQUITY	$11.6B
Total Debt	$4.4B
Net Debt	$3.6B