Cobalt International Energy Inc (CIEI) financial statements (2021 and earlier)

Company profile

Business Address COBALT CENTER
HOUSTON, TX 77024
State of Incorp.
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments432526575759954422573
Cash and cash equivalents432200192118614277132
Short-term investments 325384641340144441
Restricted cash and investments111111113252252
Receivables1761861951761684451
Inventory, net of allowances, customer advances and progress billings      13
Inventory      13
Disposal group, including discontinued operation     1,8661,874
Other current assets393517292339 
Other undisclosed current assets      55
Total current assets:6587587989761,1472,6222,818
Noncurrent Assets
Property, plant and equipment3334445
Oil and gas property, successful effort method9179219629521,0791,0541,002
Restricted cash and investments      9
Other noncurrent assets19111111109
Total noncurrent assets:9399359769561,0831,0671,024
TOTAL ASSETS:1,5971,6921,7741,9322,2303,6893,842
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities161220206270264203170
Accounts payable24263335378724
Accrued liabilities137194173235227116138
Interest and dividends payable      8
Disposal group, including discontinued operation     142197
Other undisclosed current liabilities 250250250270301242
Total current liabilities:161470456520534645609
Noncurrent Liabilities
Long-term debt and lease obligation 2,4962,4812,4922,4792,0552,031
Long-term debt, excluding current maturities 2,4962,4812,4922,4792,0552,031
Liabilities, other than long-term debt46197164645955
Deferred revenue and credits      2
Asset retirement obligations7888733
Deferred tax liabilities, net37      
Other liabilities222222 
Derivative instruments and hedges, liabilities 1861545450  
Total noncurrent liabilities:462,6932,6452,5562,5382,0612,036
Total liabilities:2083,1633,1013,0763,0722,7062,645
Stockholders' equity
Stockholders' equity attributable to parent(1,794)(1,470)(1,327)(1,144)(841)9841,197
Common stock0004444
Additional paid in capital4,2404,2364,2314,2244,2204,1724,167
Accumulated deficit(6,034)(5,707)(5,558)(5,372)(5,065)(3,192)(2,974)
Total stockholders' equity:(1,794)(1,470)(1,327)(1,144)(841)9841,197
Other undisclosed liabilities and equity3,183      
TOTAL LIABILITIES AND EQUITY:1,5971,6921,7741,9322,2303,6893,842

Income statement (P&L) ($ in millions)

12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
Revenues
(Revenue, Net)
16141410843
Cost of revenue
(Cost of Goods and Services Sold)
(3)(3)(3)(3)(3)(2)(3)
Gross profit:1312117520
Operating expenses(71)(91)(98)(275)(1,868)(204)(189)
Other undisclosed operating income3333323
Operating loss:(56)(76)(84)(265)(1,860)(200)(186)
Nonoperating expense(271)(73)(102)(41)(38)(14)(15)
Loss on contract termination     (96) 
Interest and debt expense(34)(42)(42)(44)(36)(15)(16)
Other undisclosed income from continuing operations before equity method investments, income taxes      16
Loss from continuing operations before income taxes:(361)(192)(227)(351)(1,935)(229)(200)
Other undisclosed income (loss) from continuing operations    (47)15 
Loss from continuing operations:(361)(192)(227)(351)(1,981)(214)(200)
Loss from discontinued operations     (5)(5)
Other undisclosed income before gain (loss) on sale of properties    25  
Net loss attributable to parent:(361)(192)(227)(351)(1,956)(218)(206)
Other undisclosed net income available to common stockholders, basic3442424483  
Net loss available to common stockholders, diluted:(327)(150)(186)(306)(1,873)(218)(206)

Comprehensive Income ($ in millions)

12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
Net loss:(361)(192)(227)(351)(1,956)(218)(206)
Comprehensive loss, net of tax, attributable to parent:(361)(192)(227)(351)(1,956)(218)(206)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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