Kosmos Energy Ltd.
For the period ended Mar 31, 2026. Filed May 5, 2026.
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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, 2026 · Filed May 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
(In thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities | ||
| Net loss | $(225,574) | $(110,606) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depletion, depreciation and amortization (including deferred financing costs) | 122,465 | 122,551 |
| Deferred income taxes | (49,013) | 1,811 |
| Unsuccessful well costs and leasehold impairments | 14,541 | 1,903 |
| Change in fair value of derivatives | 302,976 | 7,586 |
| Cash settlements on derivatives, net (including $(30.3) million and $(1.8) million on commodity hedges during 2026 and 2025) | (81,321) | 494 |
| Equity-based compensation | 5,950 | 8,361 |
| Debt modifications and extinguishments | (1,217) | — |
| Other | (7,561) | (5,597) |
| Changes in assets and liabilities: | ||
| (Increase) decrease in receivables | (3,144) | 37,264 |
| Increase in inventories and prepaid expenses | (20,550) | (24,452) |
| Increase (decrease) in accounts payable and accrued liabilities | 49,004 | (40,203) |
| Net cash provided by (used in) operating activities | 106,556 | (888) |
| Investing activities | ||
| Oil and gas assets | (87,047) | (90,245) |
| Notes receivable and other investing activities | (11,598) | (44,048) |
| Net cash used in investing activities | (98,645) | (134,293) |
| Financing activities | ||
| Borrowings under long-term debt | 124,167 | 100,000 |
| Payments on long-term debt | (277,738) | — |
| Net proceeds from issuance of senior notes and bonds | 350,000 | — |
| Repurchase and redemption of senior notes | (346,984) | — |
| Net proceeds from issuance of common stock | 206,440 | — |
| Payments on finance lease | (5,262) | — |
| Other financing costs | (7,731) | — |
| Net cash provided by financing activities | 42,892 | 100,000 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 50,803 | (35,181) |
| Cash, cash equivalents and restricted cash at beginning of period | 117,744 | 85,277 |
| Cash, cash equivalents and restricted cash at end of period(1) | $168,547 | $50,096 |
| Supplemental cash flow information | ||
| Cash paid for: | ||
| Interest, net of capitalized interest | $37,851 | $18,379 |
| Income taxes, net of refund received | $25,458 | $45,504 |
(1)Includes cash reported within current assets held for sale on the Consolidated Balance Sheets relating to the Ceiba and Okume Complex production assets located in Block G offshore Equatorial Guinea cash held for sale, see Note 3 - Acquisitions and Divestitures for additional information.
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