Kosmos Energy Ltd. (KOS) financial statements (2021 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 investments149225174233194275555
Cash and cash equivalents149225174233194275555
Restricted cash and investments045562529 
Receivables7917414016114313862
Inventory, net of allowances, customer advances and progress billings1291148572748555
Inventory1291148572748555
Derivative instruments and hedges, assets151339232183163
Deferred tax assets    32
Other undisclosed current assets2836689725143
Total current assets:4005675105344757341,010
Noncurrent Assets
Operating lease, right-of-use asset2020
Nontrade receivables1174319354638 
Property, plant and equipment3,3213,6423,4602,3182,7092,3231,785
Oil and gas property, successful effort method      1,773
Long-term investments and receivables  52237   
Long-term investments  52237   
Derivative instruments and hedges1214046089
Restricted cash and investments1181555716
Deferred costs     849
Deferred income tax assets 33
Deferred tax assets, net  38339
Other undisclosed noncurrent assets89265415 (1,759)
Total noncurrent assets:3,4673,7513,5782,6592,8662,4691,962
TOTAL ASSETS:3,8684,3174,0883,1933,3413,2032,973
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities425530372361350456396
Accounts payable221149177142221296184
Accrued liabilities203381196219130160202
Taxes payable      9
Debt8      
Derivative instruments and hedges, liabilities28912682011
Deferred tax liabilities    62
Other undisclosed current liabilities      (9)
Total current liabilities:460539384429370457449
Noncurrent Liabilities
Long-term debt and lease obligation2,1042,0082,1211,2831,322861794
Long-term debt, excluding current maturities2,1042,0082,1211,2831,322861794
Liabilities, other than long-term debt863928165107568560391
Asset retirement obligations24423114567644444
Deferred tax liabilities, net  482502338
Deferred income tax liabilities574653
Other liabilities37339118109
Derivative instruments and hedges, liabilities81110301440
Other undisclosed noncurrent liabilities  477477   
Total noncurrent liabilities:2,9672,9362,7621,8671,8901,4211,185
Total liabilities:3,4273,4763,1472,2952,2601,8781,634
Stockholders' equity
Stockholders' equity attributable to parent4408429418971,0811,3261,339
Common stock4444444
Treasury stock, value(237)(237)(237)(48)(48)(47)(31)
Additional paid in capital2,3072,2972,3412,0151,9751,9331,860
Accumulated other comprehensive income      1
Accumulated deficit(1,635)(1,223)(1,167)(1,073)(850)(565)(495)
Total stockholders' equity:4408429418971,0811,3261,339
TOTAL LIABILITIES AND EQUITY:3,8684,3174,0883,1933,3413,2032,973

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
Revenues8041,499887637385472883
Revenue, net637385447859
Cost of revenue(995)(983)(636)(530)(390)(105) 
Cost of goods and services sold(9)(5)(0)(127)(119)(105) 
Gross profit:(191)517250106(5)366883
Operating expenses(318)(502)(317)(284)(290)(293)(420)
Other operating income (expense), net0(0)     
Operating income (loss):(509)15(67)(178)(295)73463
Nonoperating income (expense)(38)(25)7(5)(23)(5)(2)
Investment income, nonoperating     210270
Other nonoperating income (expense)(38)(25)7(5)(23)11
Interest and debt expense(12)(34)(14)(10)(10)(14)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes     31121
Income (loss) from continuing operations before equity method investments, income taxes:(559)(44)(74)(193)(328)85578
Income (loss) from equity method investments  73(6)   
Other undisclosed income (loss) from continuing operations before income taxes14269(50)2233  
Income (loss) from continuing operations before income taxes:(417)25(51)(178)(295)85578
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.

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