Kosmos Energy Ltd. (KOS) financial statements (2022 and earlier)
Company profile
| Business Address |
8176 PARK LANE DALLAS, TX 75231 |
| State of Incorp. | DE |
| 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)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 149 | 225 | 174 | 233 | 194 | 275 | 555 | ||
| Cash and cash equivalents | 149 | 225 | 174 | 233 | 194 | 275 | 555 | ||
| Restricted cash and investments | 0 | 4 | 5 | 56 | 25 | 29 | |||
| Receivables | 79 | 174 | 140 | 161 | 143 | 138 | 62 | ||
| Inventory, net of allowances, customer advances and progress billings | 129 | 114 | 85 | 72 | 74 | 85 | 55 | ||
| Inventory | 129 | 114 | 85 | 72 | 74 | 85 | 55 | ||
| Derivative instruments and hedges, assets | 15 | 13 | 39 | 2 | 32 | 183 | 163 | ||
| Deferred tax assets | ✕ | ✕ | 32 | ||||||
| Other undisclosed current assets | 28 | 36 | 68 | 9 | 7 | 25 | 143 | ||
| Total current assets: | 400 | 567 | 510 | 534 | 475 | 734 | 1,010 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 20 | 20 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Nontrade receivables | 117 | 43 | 19 | 35 | 46 | 38 | |||
| Property, plant and equipment | 3,321 | 3,642 | 3,460 | 2,318 | 2,709 | 2,323 | 1,785 | ||
| Oil and gas property, successful effort method | 1,773 | ||||||||
| Long-term investments and receivables | 52 | 237 | |||||||
| Long-term investments | 52 | 237 | |||||||
| Derivative instruments and hedges | 1 | 2 | 14 | 0 | 4 | 60 | 89 | ||
| Restricted cash and investments | 1 | 1 | 8 | 15 | 55 | 7 | 16 | ||
| Deferred costs | 8 | 49 | |||||||
| Deferred income tax assets | 33 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Deferred tax assets, net | ✕ | ✕ | 38 | 33 | 9 | ||||
| Other undisclosed noncurrent assets | 8 | 9 | 26 | 54 | 15 | (1,759) | |||
| Total noncurrent assets: | 3,467 | 3,751 | 3,578 | 2,659 | 2,866 | 2,469 | 1,962 | ||
| TOTAL ASSETS: | 3,868 | 4,317 | 4,088 | 3,193 | 3,341 | 3,203 | 2,973 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 425 | 530 | 372 | 361 | 350 | 456 | 396 | ||
| Accounts payable | 221 | 149 | 177 | 142 | 221 | 296 | 184 | ||
| Accrued liabilities | 203 | 381 | 196 | 219 | 130 | 160 | 202 | ||
| Taxes payable | 9 | ||||||||
| Debt | 8 | ||||||||
| Derivative instruments and hedges, liabilities | 28 | 9 | 12 | 68 | 20 | 1 | 1 | ||
| Deferred tax liabilities | ✕ | ✕ | 62 | ||||||
| Other undisclosed current liabilities | (9) | ||||||||
| Total current liabilities: | 460 | 539 | 384 | 429 | 370 | 457 | 449 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,104 | 2,008 | 2,121 | 1,283 | 1,322 | 861 | 794 | ||
| Long-term debt, excluding current maturities | 2,104 | 2,008 | 2,121 | 1,283 | 1,322 | 861 | 794 | ||
| Liabilities, other than long-term debt | 863 | 928 | 165 | 107 | 568 | 560 | 391 | ||
| Asset retirement obligations | 244 | 231 | 145 | 67 | 64 | 44 | 44 | ||
| Deferred tax liabilities, net | ✕ | ✕ | 482 | 502 | 338 | ||||
| Deferred income tax liabilities | 574 | 653 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 37 | 33 | 9 | 11 | 8 | 10 | 9 | ||
| Derivative instruments and hedges, liabilities | 8 | 11 | 10 | 30 | 14 | 4 | 0 | ||
| Other undisclosed noncurrent liabilities | 477 | 477 | |||||||
| Total noncurrent liabilities: | 2,967 | 2,936 | 2,762 | 1,867 | 1,890 | 1,421 | 1,185 | ||
| Total liabilities: | 3,427 | 3,476 | 3,147 | 2,295 | 2,260 | 1,878 | 1,634 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 440 | 842 | 941 | 897 | 1,081 | 1,326 | 1,339 | ||
| Common stock | 4 | 4 | 4 | 4 | 4 | 4 | 4 | ||
| Treasury stock, value | (237) | (237) | (237) | (48) | (48) | (47) | (31) | ||
| Additional paid in capital | 2,307 | 2,297 | 2,341 | 2,015 | 1,975 | 1,933 | 1,860 | ||
| Accumulated other comprehensive income | 1 | ||||||||
| Accumulated deficit | (1,635) | (1,223) | (1,167) | (1,073) | (850) | (565) | (495) | ||
| Total stockholders' equity: | 440 | 842 | 941 | 897 | 1,081 | 1,326 | 1,339 | ||
| TOTAL LIABILITIES AND EQUITY: | 3,868 | 4,317 | 4,088 | 3,193 | 3,341 | 3,203 | 2,973 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 804 | 1,499 | 887 | 637 | 385 | 472 | 883 | |
| Revenue, net | ✕ | ✕ | ✕ | 637 | 385 | 447 | 859 | |
| Cost of revenue | (995) | (983) | (636) | (530) | (390) | (105) | ||
| Cost of goods and services sold | (9) | (5) | (0) | (127) | (119) | (105) | ||
| Gross profit: | (191) | 517 | 250 | 106 | (5) | 366 | 883 | |
| Operating expenses | (318) | (502) | (317) | (284) | (290) | (293) | (420) | |
| Other operating income (expense), net | 0 | (0) | ||||||
| Operating income (loss): | (509) | 15 | (67) | (178) | (295) | 73 | 463 | |
| Nonoperating income (expense) | (38) | (25) | 7 | (5) | (23) | (5) | (2) | |
| Investment income, nonoperating | 210 | 270 | ||||||
| Other nonoperating income (expense) | (38) | (25) | 7 | (5) | (23) | 1 | 1 | |
| Interest and debt expense | (12) | (34) | (14) | (10) | (10) | (14) | (3) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 31 | 121 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (559) | (44) | (74) | (193) | (328) | 85 | 578 | |
| Income (loss) from equity method investments | 73 | (6) | ||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 142 | 69 | (50) | 22 | 33 | |||
| Income (loss) from continuing operations before income taxes: | (417) | 25 | (51) | (178) | (295) | 85 | 578 | |
| Income tax expense (benefit) | 5 | (81) | (43) | (45) | 11 | (155) | (299) | |
| Net income (loss) attributable to parent: | (412) | (56) | (94) | (223) | (284) | (70) | 279 | |
| Other undisclosed net loss available to common stockholders, basic | (3) | |||||||
| Net income (loss) available to common stockholders, basic: | (412) | (56) | (94) | (223) | (284) | (70) | 276 | |
| Other undisclosed net income available to common stockholders, diluted | 0 | |||||||
| Net income (loss) available to common stockholders, diluted: | (412) | (56) | (94) | (223) | (284) | (70) | 276 | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (412) | (56) | (94) | (223) | (284) | (70) | 279 | |
| Comprehensive income (loss): | (412) | (56) | (94) | (223) | (284) | (70) | 279 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (1) | (1) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (412) | (56) | (94) | (223) | (284) | (71) | 278 | |
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.