Kosmos Energy Ltd
For the period ended Dec 31, 2024. Filed Feb 24, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 24, 2025
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 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating activities | |||
| Net income | $189,851 | $213,520 | $226,551 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depletion, depreciation and amortization (including deferred financing costs) | 465,483 | 454,848 | 508,657 |
| Deferred income taxes | (52,174) | (107,560) | (197,487) |
| Unsuccessful well costs and leasehold impairments | 74,489 | 2,208 | 86,941 |
| Impairment of long-lived assets | — | 222,278 | 449,969 |
| Change in fair value of derivatives | 14,747 | 28,349 | 275,465 |
| Cash settlements on derivatives, net (including $(12.5) million and $(16.4) million and $(327.9) million on commodity hedges during 2024, 2023, and 2022) | (19,652) | (32,426) | (344,468) |
| Equity-based compensation | 37,951 | 42,693 | 34,546 |
| Gain on sale of assets | — | — | (50,471) |
| Debt modifications and extinguishments | 25,173 | 1,503 | 192 |
| Other | (13,735) | 5,709 | (10,099) |
| Changes in assets and liabilities: | |||
| (Increase) decrease in receivables | (63,331) | (16,223) | 68,829 |
| (Increase) decrease in inventories and prepaid expenses | 4,988 | (45,667) | (704) |
| Increase (decrease) in accounts payable and accrued liabilities | 14,459 | (4,062) | 82,555 |
| Net cash provided by operating activities | 678,249 | 765,170 | 1,130,476 |
| Investing activities | |||
| Oil and gas assets | (933,659) | (932,603) | (787,297) |
| Acquisition of oil and gas properties | — | — | (22,078) |
| Proceeds on sale of assets | — | — | 168,703 |
| Notes receivable and other investing activities | (32,397) | (62,247) | (63,183) |
| Net cash used in investing activities | (966,056) | (994,850) | (703,855) |
| Financing activities | |||
| Borrowings under long-term debt | 325,000 | 300,000 | — |
| Payments on long-term debt | (350,000) | (145,000) | (405,000) |
| Net proceeds from issuance of senior notes | 885,285 | — | — |
| Repurchase of senior notes | (499,515) | — | — |
| Purchase of capped call transactions | (49,800) | — | — |
| Dividends | — | (166) | (655) |
| Other financing costs | (36,647) | (13,214) | (9,041) |
| Net cash provided by (used in) financing activities | 274,323 | 141,620 | (414,696) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (13,484) | (88,060) | 11,925 |
| Cash, cash equivalents and restricted cash at beginning of period | 98,761 | 186,821 | 174,896 |
| Cash, cash equivalents and restricted cash at end of period | $85,277 | $98,761 | $186,821 |
| Supplemental cash flow information | |||
| Cash paid for: | |||
| Income taxes, net of refund received | $281,005 | $281,872 | $247,889 |
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