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 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
---|---|---|---|---|---|---|---|---|
ASSETS | ||||||||
Current Assets | ||||||||
Cash, cash equivalents, and short-term investments | 432 | 954 | 958 | 1,789 | 1,512 | 2,215 | ||
Cash and cash equivalents | 432 | 614 | 72 | 259 | 192 | 1,426 | ||
Short-term investments | 340 | 886 | 1,530 | 1,319 | 790 | |||
Restricted cash and investments | 11 | 3 | 253 | 45 | ||||
Receivables | 176 | 168 | 82 | 63 | ||||
Inventory, net of allowances, customer advances and progress billings | 26 | 95 | 75 | 65 | ||||
Inventory | 26 | 95 | 75 | 65 | ||||
Prepaid expense | 3 | 6 | 38 | ✕ | ||||
Disposal group, including discontinued operation | 1,811 | |||||||
Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | 24 | ||
Other current assets | 39 | 23 | ✕ | |||||
Other undisclosed current assets | 13 | 5 | 343 | 152 | ||||
Total current assets: | 658 | 1,147 | 3,146 | 2,003 | 1,967 | 2,457 | ||
Noncurrent Assets | ||||||||
Property, plant and equipment | 3 | 4 | 2 | 11 | 12 | 5 | ||
Oil and gas property, successful effort method | 917 | 1,079 | 894 | 1,921 | 1,464 | 1,094 | ||
Long-term investments and receivables | 326 | 33 | 36 | |||||
Long-term investments | 326 | 15 | 36 | |||||
Accounts and financing receivable, after allowance for credit loss | 18 | |||||||
Restricted cash and investments | 105 | 104 | 396 | |||||
Other noncurrent assets | 19 | 1 | 52 | 54 | 54 | ✕ | ||
Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | 23 | ||
Deferred tax assets, net | 30 | 17 | ||||||
Other undisclosed noncurrent assets | (18) | |||||||
Total noncurrent assets: | 939 | 1,083 | 948 | 2,448 | 1,666 | 1,555 | ||
TOTAL ASSETS: | 1,597 | 2,230 | 4,094 | 4,451 | 3,634 | 4,011 | ||
LIABILITIES AND EQUITY | ||||||||
Liabilities | ||||||||
Current Liabilities | ||||||||
Accounts payable and accrued liabilities | 161 | 264 | 135 | 223 | 275 | 112 | ||
Accounts payable | 24 | 37 | 1 | 8 | 131 | 68 | ||
Accrued liabilities | 137 | 227 | 126 | 215 | 143 | 44 | ||
Interest and dividends payable | 8 | |||||||
Disposal group, including discontinued operation | 251 | |||||||
Deferred tax liabilities | 30 | 17 | ||||||
Other liabilities | 50 | 49 | 49 | |||||
Other undisclosed current liabilities | 270 | 242 | ||||||
Total current liabilities: | 161 | 534 | 628 | 304 | 341 | 161 | ||
Noncurrent Liabilities | ||||||||
Long-term debt and lease obligation | 2,479 | 2,015 | 1,929 | 1,036 | 991 | |||
Long-term debt, excluding current maturities | 2,479 | 2,015 | 1,929 | 1,036 | 991 | |||
Liabilities, other than long-term debt | 46 | 59 | 5 | 104 | 128 | 170 | ||
Deferred revenue and credits | 2 | 3 | 3 | 2 | ||||
Asset retirement obligations | 7 | 7 | 3 | |||||
Deferred tax liabilities, net | 37 | |||||||
Other liabilities | 2 | 2 | 102 | 125 | 168 | |||
Derivative instruments and hedges, liabilities | 50 | |||||||
Total noncurrent liabilities: | 46 | 2,538 | 2,020 | 2,033 | 1,164 | 1,161 | ||
Total liabilities: | 208 | 3,072 | 2,648 | 2,337 | 1,505 | 1,322 | ||
Stockholders' equity | ||||||||
Stockholders' equity attributable to parent | (1,794) | (841) | 1,446 | 2,114 | 2,129 | 2,689 | ||
Common stock | 0 | 4 | 4 | 4 | 4 | 4 | ||
Additional paid in capital | 4,240 | 4,220 | 4,164 | 4,138 | 3,642 | 3,613 | ||
Accumulated deficit | (6,034) | (5,065) | (2,722) | (2,028) | (1,517) | (928) | ||
Total stockholders' equity: | (1,794) | (841) | 1,446 | 2,114 | 2,129 | 2,689 | ||
Other undisclosed liabilities and equity | 3,183 | |||||||
TOTAL LIABILITIES AND EQUITY: | 1,597 | 2,230 | 4,094 | 4,451 | 3,634 | 4,011 |
Income statement (P&L) ($ in millions)
12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
---|---|---|---|---|---|---|---|
Revenues | 54 | 17 | 6 | ||||
Revenue, net | 54 | 17 | |||||
Net investment income | 6 | ||||||
Cost of revenue (Cost of Goods and Services Sold) | (11) | (8) | (35) | (78) | (68) | (55) | |
Gross profit: | 43 | 9 | (29) | (78) | (68) | (55) | |
Operating expenses | (535) | (2,279) | (443) | (442) | (533) | (285) | |
Other undisclosed operating income | 11 | 8 | 29 | 78 | 68 | 55 | |
Operating loss: | (481) | (2,262) | (443) | (442) | (533) | (285) | |
Nonoperating income (expense) | (487) | (81) | (56) | (69) | (56) | 2 | |
Interest and debt expense | (163) | (83) | (63) | (75) | (65) | (3) | |
Other undisclosed income from continuing operations before equity method investments, income taxes | 63 | 75 | 65 | 3 | |||
Loss from continuing operations: | (1,131) | (2,426) | (499) | (511) | (589) | (283) | |
Loss from discontinued operations | (196) | ||||||
Net loss attributable to parent: | (1,131) | (2,426) | (694) | (511) | (589) | (283) | |
Other undisclosed net income available to common stockholders, basic | 163 | 83 | |||||
Net loss available to common stockholders, diluted: | (968) | (2,343) | (694) | (511) | (589) | (283) |
Comprehensive Income ($ in millions)
12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
---|---|---|---|---|---|---|---|
Net loss: | (1,131) | (2,426) | (694) | (511) | (589) | (283) | |
Comprehensive loss, net of tax, attributable to parent: | (1,131) | (2,426) | (694) | (511) | (589) | (283) |
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.