Kosmos Energy Ltd
For the period ended Sep 30, 2024. Filed Nov 4, 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.
Sep 30, 2024 · Filed Nov 4, 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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Consolidated Statements of Cash Flows
(In thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net income | $196,430 | $191,839 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depletion, depreciation and amortization (including deferred financing costs) | 318,564 | 339,177 |
| Deferred income taxes | 11,280 | (37,481) |
| Unsuccessful well costs and leasehold impairments | 3,872 | 2,244 |
| Change in fair value of derivatives | 11,808 | 52,467 |
| Cash settlements on derivatives, net (including $(10.0) million and $(12.3) million on commodity hedges during 2024 and 2023) | (14,754) | (21,478) |
| Equity-based compensation | 27,849 | 31,778 |
| Debt modifications and extinguishments | 24,794 | 1,503 |
| Other | (12,126) | 2,547 |
| Changes in assets and liabilities: | ||
| Increase in receivables | (33,304) | (5,766) |
| Increase in inventories and prepaid expenses | (2,320) | (49,767) |
| Decrease in accounts payable and accrued liabilities | (29,591) | (35,669) |
| Net cash provided by operating activities | 502,502 | 471,394 |
| Investing activities | ||
| Oil and gas assets | (772,238) | (611,914) |
| Notes receivable from partners | (2,575) | (46,632) |
| Net cash used in investing activities | (774,813) | (658,546) |
| Financing activities | ||
| Borrowings under long-term debt | 275,000 | 300,000 |
| Payments on long-term debt | (350,000) | (145,000) |
| Net proceeds from issuance of senior notes | 885,285 | — |
| Repurchase of senior notes | (499,515) | — |
| Purchase of capped call transactions | (49,800) | — |
| Dividends | — | (166) |
| Other financing costs | (35,534) | (12,345) |
| Net cash provided by financing activities | 225,436 | 142,489 |
| Net decrease in cash, cash equivalents and restricted cash | (46,875) | (44,663) |
| Cash, cash equivalents and restricted cash at beginning of period | 98,761 | 186,821 |
| Cash, cash equivalents and restricted cash at end of period | $51,886 | $142,158 |
| Supplemental cash flow information | ||
| Cash paid for: | ||
| Income taxes, net of refund received | $232,923 | $212,352 |
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