Nabors Industries Ltd. (NBR) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 113.34M | 245.84M | 207.88M | 151.81M | 87.73M | 148.92M | 143.62M | 181.66M | 107.24M | 181.92M | 133.43M | 168.47M | 154.05M | 199.99M | 138.95M | 120.8M | 41.35M | 102.29M | 113.28M | 133.71M |
| Operating CF Margin % | 14.46% | 30.83% | 25.41% | 18.23% | 11.92% | 20.4% | 19.62% | 24.72% | 14.62% | 25.06% | 18.18% | 21.96% | 19.77% | 26.31% | 20.02% | 19.15% | 7.27% | 18.82% | 21.61% | 27.33% |
| Operating CF Growth % | 29.18% | 65.08% | 44.75% | -16.43% | -18.19% | -18.14% | 7.64% | 7.83% | -30.39% | -9.03% | -3.98% | 39.46% | 272.52% | 95.51% | 22.66% | -9.66% | -47.98% | 0.43% | 145.55% | -6.24% |
| Net Income | 4.26M | 16.99M | 302.47M | -2.21M | 57.18M | -61.47M | -33.09M | -13.03M | -9M | 3.86M | -31.24M | 16.23M | 61.06M | -71.67M | -4.46M | -69.94M | -184.5M | -109.26M | -115.72M | -190.4M |
| Depreciation & Amortization | 156.19M | 159.19M | 160.35M | 175.06M | 154.64M | 156.35M | 159.23M | 160.14M | 157.69M | 161.23M | 161.34M | 159.7M | 163.03M | 168.84M | 169.86M | 162.01M | 164.36M | 167.96M | 173.38M | 174.78M |
| Stock-Based Compensation | 4.36M | 8.76M | 5.98M | 4.51M | 4.13M | 4.68M | 4.09M | 3.58M | 4.16M | 3.17M | 4.35M | 4.34M | 3.98M | 3.97M | 4.03M | 3.95M | 3.88M | 4.16M | 4.47M | 3.97M |
| Deferred Taxes | 5.06M | -6.42M | 91.32M | 6.92M | 5.32M | 10.91M | -463K | 4.86M | 6.38M | -526K | 4.27M | 7.42M | 4.71M | 2.62M | 937K | 54K | 3.72M | -1.41M | -5.66M | -2.47M |
| Other Non-Cash Items | 4.59M | -19.66M | -401.96M | -10.29M | -91.55M | 63.99M | 38.82M | 13.8M | 15.7M | -7.96M | 4.04M | -5.53M | -45.6M | 57.53M | -38.82M | -765K | 85.05M | 5.12M | 10.32M | 69.31M |
| Working Capital Changes | -61.12M | 86.99M | 49.72M | -22.19M | -41.99M | -20.86M | -24.98M | 12.3M | -67.67M | 22.15M | -9.71M | -13.69M | -33.13M | 42.67M | 7.42M | 25.48M | -27.28M | 35.73M | 46.5M | 78.52M |
| Change in Receivables | -22.24M | 96.38M | 168K | 13.73M | -29.71M | -4.28M | -18.12M | 47.16M | -67.2M | -25.24M | -29.35M | 8.24M | 19.22M | -24.67M | -26.18M | 19.13M | -22.77M | -3.07M | 29.49M | 13.37M |
| Change in Inventory | 4.61M | 13.54M | -453K | 9.66M | 10.7M | 11.76M | 5.91M | 472K | -2.05M | -1.13M | 5.82M | -7.85M | -16.27M | 1.24M | -6.05M | 11.36M | -5.62M | 10.9M | 8.45M | 6.65M |
| Change in Payables | -24.5M | -46.76M | 19.13M | -15.11M | -8.57M | -25.73M | -304K | -7.74M | 8.63M | 31M | -18.88M | 2.87M | -47.38M | 31.1M | 35.67M | -7.15M | 2.02M | 3.66M | -19.84M | 46.02M |
| Cash from Investing | -169.5M | 141.45M | 166.5M | -135.94M | -74.92M | -202.24M | -126.12M | -120.47M | -106.63M | -141.45M | -146M | -154.84M | -128.13M | -101.71M | -103.84M | -81.05M | -82.11M | -52.14M | 19.83M | -65.8M |
| Capital Expenditures | -164.95M | -162.06M | -210.02M | -178.91M | -164.95M | -208.05M | -127.88M | -127.37M | -104.63M | -134.16M | -143.21M | -144.75M | -118.73M | -101.36M | -111.19M | -76.63M | -84.26M | -54.14M | -65.72M | -76.93M |
| CapEx % of Revenue | 21.05% | 20.32% | 25.67% | 21.48% | 22.41% | 28.51% | 17.47% | 17.33% | 14.26% | 18.48% | 19.51% | 18.87% | 15.24% | 13.33% | 16.02% | 12.15% | 14.82% | 9.96% | 12.54% | 15.72% |
| Acquisitions | 0 | 251.54M | 371.32M | 0 | 84.43M | 5.83M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.68M | 7.6M | 0 | 3.67M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 1.97M | 51.98M | 7.76M | 44.57M | 5.79M | 10K | 1.82M | 6.98M | 5.54M | 2.91M | 742K | 3.07M | 1.99M | -22M | 5K | 12.77M | 9K | -12M | 99.56M | 10.69M |
| Cash from Financing | -383.2M | -27.27M | -518.17M | -19.39M | -1.96M | -28K | -25.68M | -1.23M | -635.11M | 538.38M | 301.58M | -249.68M | 2.32M | -59.06M | -23.89M | -23.32M | -555.26M | 450.59M | 237.22M | -85.47M |
| Debt Issued (Net) | -379.15M | 140.36M | -330.77M | -12.46M | 193K | -4K | -15.98M | 0 | -631.04M | 648.07M | -3.69M | -60.3M | 17.45M | -48.75M | -23.89M | -23.84M | -549.99M | 199.55M | 237.79M | -79.96M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | -2.15M | 0 | 0 | 0 | -2.63M | 0 | -7.08M | 0 | 0 | 756K | -4.52M | 3.51M | -4.27M | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | -6.05M | 0 | 0 | 0 | 0 | -87K | 0 | 0 | 0 | -194K | 0 | 0 | -55K | -10K | 0 | -65K | -3.65M |
| Share Repurchases | 0 | 0 | 0 | 0 | -2.15M | 0 | 0 | 0 | -2.63M | 0 | 0 | 0 | 0 | 4.52M | 0 | 0 | -4.52M | 0 | 0 | 0 |
| Other Financing | -4.05M | -167.63M | -187.41M | -875K | -2.15M | -24K | -9.7M | -1.23M | -1.34M | -109.7M | 312.35M | -189.38M | -14.94M | -11.07M | 4.52M | -2.94M | -995K | 251.04M | -506K | -1.86M |
| Net Change in Cash | -440.42M | 359.01M | -144.26M | -5.31M | 10.44M | -62M | -9.44M | 56.67M | -640.41M | 566.63M | 286.87M | -240.85M | 24.39M | 30.72M | 8.92M | 19.14M | -597.44M | 499.73M | 370.96M | -17.8M |
| Free Cash Flow | -51.62M | 83.78M | -2.14M | -27.1M | -77.22M | -59.13M | 15.74M | 54.29M | 2.61M | 47.77M | -9.79M | 23.71M | 35.32M | 98.62M | 27.76M | 44.16M | -42.9M | 48.16M | 47.56M | 56.78M |
| FCF Margin % | -6.59% | 10.5% | -0.26% | -3.25% | -10.49% | -8.1% | 2.15% | 7.39% | 0.36% | 6.58% | -1.33% | 3.09% | 4.53% | 12.97% | 4% | 7% | -7.55% | 8.86% | 9.07% | 11.6% |
| FCF Growth % | 33.16% | 241.69% | -113.6% | -149.92% | -3056.24% | -223.79% | 260.83% | 128.93% | -92.6% | -51.57% | -135.25% | -46.3% | 182.31% | 104.81% | -41.64% | -22.22% | -211.04% | -19.01% | 20960.96% | -40.4% |
| FCF per Share | -3.63 | 5.90 | -0.14 | -2.21 | -6.62 | -6.42 | 1.71 | 5.90 | 0.28 | 5.23 | -1.07 | 2.58 | 3.58 | 10.84 | 3.05 | 4.86 | -5.16 | 6.06 | 6.02 | 7.61 |
| FCF Conversion (FCF/Net Income) | -5.19x | 90.95x | 0.81x | -4.91x | 2.66x | -2.77x | -2.57x | -5.63x | -3.12x | -10.89x | -2.73x | 36.54x | 3.13x | -2.90x | -10.08x | -1.46x | -0.22x | -0.90x | -0.92x | -0.68x |
| Interest Paid | 0 | 209.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |