Kosmos Energy Ltd
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
KOS$2.11+1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
| March 31,2024 | December 31,2023 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $254,323 | $95,345 |
| Restricted cash | 3,285 | — |
| Receivables | 121,777 | 120,733 |
| Inventories | 176,243 | 152,054 |
| Prepaid expenses and other | 47,236 | 46,235 |
| Derivatives | 22 | 8,346 |
| Total current assets | 602,886 | 422,713 |
| Property and equipment, net | 4,389,404 | 4,160,229 |
| Other assets: | ||
| Restricted cash | 305 | 3,416 |
| Long-term receivables | 331,507 | 325,181 |
| Deferred tax assets | 4,808 | 3,033 |
| Derivatives | — | 1,594 |
| Other | 21,221 | 21,968 |
| Total assets | $5,350,131 | $4,938,134 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $372,449 | $248,912 |
| Accrued liabilities | 278,891 | 302,815 |
| Derivatives | 14,073 | 3,103 |
| Total current liabilities | 665,413 | 554,830 |
| Long-term liabilities: | ||
| Long-term debt, net | 2,655,052 | 2,390,914 |
| Asset retirement obligations | 358,118 | 343,979 |
| Deferred tax liabilities | 358,377 | 363,918 |
| Other long-term liabilities | 241,536 | 252,156 |
| Total long-term liabilities | 3,613,083 | 3,350,967 |
| Stockholders’ equity: | ||
| Preference shares, $0.01 par value; 200,000,000 authorized shares; zero issued at March 31, 2024 and December 31, 2023 | — | — |
| Common stock, $0.01 par value; 2,000,000,000 authorized shares; 515,765,812 and 504,392,980 issued at March 31, 2024 and December 31, 2023, respectively | 5,158 | 5,044 |
| Additional paid-in capital | 2,484,119 | 2,536,621 |
| Accumulated deficit | (1,180,635) | (1,272,321) |
| Treasury stock, at cost, 44,263,269 shares at March 31, 2024 and December 31, 2023, respectively | (237,007) | (237,007) |
| Total stockholders’ equity | 1,071,635 | 1,032,337 |
| Total liabilities and stockholders’ equity | $5,350,131 | $4,938,134 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.