Nabors Industries (NBR) 10-K2013 FY Annual report

Filed: 3 Mar 14, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: Abu, advance, advancement, Appendix, Bancorp, BBVA, bobtail, Bulletin, Bureau, cap, Carlo, coercive, commensurate, complex, cycle, DC, Dhabi, diesel, drafting, enterprise, extinguishment, eyewash, fill, Hassi, Henry, hostile, Hub, Iraq, KVS, leaseback, marked, Messaoud, Mitsubishi, Monte, multiyear, NE, NES, Nikko, nominal, nomination, nonworking, northern, opposition, overcapacity, package, paper, PHM, Postemployment, Postretirement, predetermined, reached, reclassification, restructure, restructured, Room, shop, SMBC, spot, staid, Street, strictly, tight, tractor, TSR, UFJ, unwilling, USD, vacuum, validly, venturedivided, Washington, winch, wireline, withdrawn, Wolf

Removed: aaa, acceleration, allocating, amortized, analog, Barnett, building, calculate, calibrated, clearance, combining, commercially, confidence, constructive, consumption, contraction, cooperating, Corrupt, counsel, criminal, curtailment, deepwater, demonstrated, dental, designated, Diamond, diminished, Distinguishing, divided, dynamic, elapsed, employer, endorsement, ensure, entity, excise, extension, FASB, financially, foreseeable, forfeited, forwarding, freight, golden, highest, importation, improve, indirect, individually, inquiry, integration, integrity, interpret, investigation, iv, Justice, justify, Kazakhstan, largest, letter, LIBOR, lien, lifted, likewise, lock, Lonquist, marketing, medical, mezzanine, modeling, Moody, moratorium, Netherland, Nigeria, notional, obtained, occurring, open, owing, Panalpina, parachute, prime, produced, producible, proprietary, protecting, quantitative, receipt, relation, repeatable, requirement, reviewed, scale, scope, Scotia, seismic, Sewell, sharp, Shona, simulation, SMVP, spouse, static, stemmed, Sundowner, supersundownertm, surveillance, transition, trend, UBS, update, updating, Utah, vendor, violation, weak

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

NBR similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

Exhibit 12

NABORS INDUSTRIES, LTD. AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(In thousands, except ratio amounts)

	Years Ended December 31,

	2013			2012			2011
				Revised			Revised
Income (loss) from continuing operations before income taxes	$	106,160		$	276,960		$	515,253
Less earnings (add losses) from affiliates, net of dividends		800			299,717			(161,189	)
Less subsidiary preferred stock dividends		(3,000	)		(3,000	)		(3,000	)
Add earnings (less losses) from affiliates net, from discontinued operations		—			—			(8,059	)
Add amortization of capitalized interest		13,282			12,600			11,376
Add fixed charges as adjusted (from below)		232,497			260,222			265,078


Earnings(1)	$	349,739		$	846,499		$	619,459


Fixed charges:
Interest expense:
Interest on indebtedness	$	217,347		$	245,706		$	224,437
Capitalized		13,045			18,957			23,351
Amortization of debt related costs(1)		6,071			6,198			32,195
Subsidiary preferred stock dividends		3,000			3,000			3,000
Interest portion of rental expense		6,079			5,318			5,446


Fixed charges before adjustments(2)		245,542			279,179			288,429
Less capitalized interest		(13,045	)		(18,957	)		(23,351	)


Fixed charges as adjusted	$	232,497		$	260,222		$	265,078


Ratio (earnings divided by fixed charges before adjustments)(1)/(2)		1.42			3.03			2.15

(1) Includes deferred financing, discount and premium amortization.

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.