2017 Q4 Form 10-K Financial Statement

#000150999118000014 Filed on February 26, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4 2016 Q3
Revenue $187.1M $210.9M $66.63M
YoY Change -11.29% 73.31% -31.03%
Cost Of Revenue $46.20M $43.70M $13.60M
YoY Change 5.72% 46.15% -41.38%
Gross Profit $140.9M $112.4M $33.10M
YoY Change 25.36% 22.31% -54.9%
Gross Profit Margin 75.31% 53.29% 49.68%
Selling, General & Admin $17.70M $28.00M $21.90M
YoY Change -36.79% -7.59% -17.98%
% of Gross Profit 12.56% 24.91% 66.16%
Research & Development $53.40M $75.80M $66.20M
YoY Change -29.55% 218.49% 250.26%
% of Gross Profit 37.9% 67.44% 200.0%
Depreciation & Amortization $76.80M $76.90M $20.40M
YoY Change -0.13% 60.21% -47.01%
% of Gross Profit 54.51% 68.42% 61.63%
Operating Expenses $137.9M $195.5M $111.8M
YoY Change -29.46% 96.48% 36.67%
Operating Profit $3.000M -$83.10M -$78.70M
YoY Change -103.61% 993.42% 836.9%
Interest Expense -$124.5M -$29.10M $6.500M
YoY Change 327.84% -139.59% -95.08%
% of Operating Profit -4150.0%
Other Income/Expense, Net $0.00 $54.80M $795.0K
YoY Change -100.0% 54700.0% -161.15%
Pretax Income -$121.5M -$57.40M -$52.26M
YoY Change 111.67% -186.97% -142.66%
Income Tax -$16.20M -$700.0K $7.502M
% Of Pretax Income
Net Earnings -$122.1M -$56.70M -$59.76M
YoY Change 115.31% -336.25% -199.11%
Net Earnings / Revenue -65.25% -26.88% -89.7%
Basic Earnings Per Share -$0.31 -$0.15 -$0.15
Diluted Earnings Per Share -$0.31 -$0.15 -$0.15
COMMON SHARES
Basic Shares Outstanding 389.4M shares 386.0M shares
Diluted Shares Outstanding 386.0M shares

Balance Sheet

Concept 2017 Q4 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $233.4M $194.1M $109.0M
YoY Change 20.25% -29.42% -70.22%
Cash & Equivalents $233.4M $194.1M $186.3M
Short-Term Investments
Other Short-Term Assets $67.40M $63.40M $103.6M
YoY Change 6.31% -73.14% -57.89%
Inventory $71.86M $74.38M $82.10M
Prepaid Expenses
Receivables $0.00 $54.20M $52.00M
Other Receivables $25.62M $25.89M $39.90M
Total Short-Term Assets $533.6M $475.2M $386.6M
YoY Change 12.29% -35.27% -52.7%
LONG-TERM ASSETS
Property, Plant & Equipment $2.318B $2.709B $2.758B
YoY Change -14.44% 16.62% 30.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $236.5M $0.00 $12.50M
YoY Change -100.0% -81.12%
Other Assets $104.6M $153.6M $144.5M
YoY Change -31.9% 78.19% 43.21%
Total Long-Term Assets $2.659B $2.866B $2.915B
YoY Change -7.23% 16.09% 27.43%
TOTAL ASSETS
Total Short-Term Assets $533.6M $475.2M $386.6M
Total Long-Term Assets $2.659B $2.866B $2.915B
Total Assets $3.193B $3.341B $3.302B
YoY Change -4.45% 4.32% 6.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $141.8M $220.6M $174.0M
YoY Change -35.73% -25.39% -32.9%
Accrued Expenses $219.4M $129.7M $97.20M
YoY Change 69.16% -17.12% -24.12%
Deferred Revenue $0.00
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $428.7M $370.0M $282.5M
YoY Change 15.87% -18.98% -37.97%
LONG-TERM LIABILITIES
Long-Term Debt $1.283B $1.322B $1.319B
YoY Change -2.96% 53.55% 46.66%
Other Long-Term Liabilities $10.61M $8.449M $88.30M
YoY Change 25.6% -85.36% 39.49%
Total Long-Term Liabilities $1.867B $1.890B $1.407B
YoY Change -1.24% 105.77% 46.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $428.7M $370.0M $282.5M
Total Long-Term Liabilities $1.867B $1.890B $1.407B
Total Liabilities $2.295B $2.260B $2.174B
YoY Change 1.56% 20.39% 19.69%
SHAREHOLDERS EQUITY
Retained Earnings -$1.073B -$850.4M
YoY Change 26.2%
Common Stock $2.019B $1.979B
YoY Change 1.99%
Preferred Stock
YoY Change
Treasury Stock (at cost) $48.20M $47.60M
YoY Change 1.26%
Treasury Stock Shares 9.189M shares 9.101M shares
Shareholders Equity $897.1M $1.081B $1.128B
YoY Change
Total Liabilities & Shareholders Equity $3.193B $3.341B $3.302B
YoY Change -4.45% 4.32% 6.34%

Cashflow Statement

Concept 2017 Q4 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income -$122.1M -$56.70M -$59.76M
YoY Change 115.31% -336.25% -199.11%
Depreciation, Depletion And Amortization $76.80M $76.90M $20.40M
YoY Change -0.13% 60.21% -47.01%
Cash From Operating Activities $142.2M $117.7M -$41.50M
YoY Change 20.82% -30.07% -121.96%
INVESTING ACTIVITIES
Capital Expenditures -$41.00M -$30.70M -$89.00M
YoY Change 33.55% -88.42% -49.26%
Acquisitions
YoY Change
Other Investing Activities -$231.3M $0.00 $43.20M
YoY Change -100.0% 43100.0%
Cash From Investing Activities -$272.3M -$30.80M -$45.70M
YoY Change 784.09% -87.94% -73.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 199.8M -100.0K 124.9M
YoY Change -199900.0% -50.0% 25.15%
NET CHANGE
Cash From Operating Activities 142.2M 117.7M -41.50M
Cash From Investing Activities -272.3M -30.80M -45.70M
Cash From Financing Activities 199.8M -100.0K 124.9M
Net Change In Cash 69.70M 86.80M 37.70M
YoY Change -19.7% -199.43% -66.78%
FREE CASH FLOW
Cash From Operating Activities $142.2M $117.7M -$41.50M
Capital Expenditures -$41.00M -$30.70M -$89.00M
Free Cash Flow $183.2M $148.4M $47.50M
YoY Change 23.45% -65.75% -86.96%

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CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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31791000 USD
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
CY2016Q4 us-gaap Common Stock Shares Authorized
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CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2000000000 shares
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395859061 shares
CY2017Q4 us-gaap Common Stock Shares Issued
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CY2016Q4 us-gaap Common Stock Value
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3959000 USD
CY2017Q4 us-gaap Common Stock Value
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CY2016 us-gaap Comprehensive Income Net Of Tax
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-283780000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax
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-222792000 USD
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386120000 USD
CY2016Q1 us-gaap Costs And Expenses
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123148000 USD
CY2016Q2 us-gaap Costs And Expenses
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169544000 USD
CY2016Q3 us-gaap Costs And Expenses
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118890000 USD
CY2016Q4 us-gaap Costs And Expenses
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268337000 USD
CY2016 us-gaap Costs And Expenses
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679919000 USD
CY2017Q1 us-gaap Costs And Expenses
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158630000 USD
CY2017Q2 us-gaap Costs And Expenses
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131252000 USD
CY2017Q3 us-gaap Costs And Expenses
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216162000 USD
CY2017Q4 us-gaap Costs And Expenses
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308647000 USD
CY2017 us-gaap Costs And Expenses
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814691000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
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44486000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
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CY2017 us-gaap Current Income Tax Expense Benefit
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CY2016Q4 us-gaap Debt Instrument Carrying Amount
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CY2017Q4 us-gaap Debt Instrument Carrying Amount
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37827000 USD
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22517000 USD
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5248000 USD
CY2017Q4 us-gaap Deferred Finance Costs Noncurrent Net
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2510000 USD
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CY2017 us-gaap Deferred Income Tax Expense Benefit
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9505000 USD
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CY2017Q4 us-gaap Deferred Income Tax Liabilities
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533561000 USD
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482221000 USD
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476548000 USD
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170652000 USD
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173055000 USD
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83135000 USD
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79530000 USD
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36352000 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
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25307000 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration
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75900000 USD
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0 USD
CY2017Q4 us-gaap Deferred Tax Assets Other Comprehensive Loss
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33963000 USD
CY2016Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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30752000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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20783000 USD
CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
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93525000 USD
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CY2017Q4 us-gaap Deferred Tax Liabilities
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454031000 USD
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584000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Derivatives
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0 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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526945000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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533561000 USD
CY2015 us-gaap Depletion Of Oil And Gas Properties
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146600000 USD
CY2016 us-gaap Depletion Of Oil And Gas Properties
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131500000 USD
CY2017 us-gaap Depletion Of Oil And Gas Properties
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244900000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
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166290000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
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150608000 USD
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265407000 USD
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31698000 USD
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1682000 USD
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3808000 USD
CY2017Q4 us-gaap Derivative Assets Noncurrent
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39000 USD
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210190000 USD
CY2016 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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-46559000 USD
CY2017 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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CY2016Q4 us-gaap Derivative Liabilities Current
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19692000 USD
CY2017Q4 us-gaap Derivative Liabilities Current
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67531000 USD
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14123000 USD
CY2017Q4 us-gaap Derivative Liabilities Noncurrent
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30209000 USD
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0 USD
CY2016 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
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236514000 USD
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0 USD
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0 USD
CY2017Q4 us-gaap Due From Related Parties Current
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780000 USD
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-0.18
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CY2016Q4 us-gaap Earnings Per Share Basic
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CY2016 us-gaap Earnings Per Share Basic
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CY2017Q4 us-gaap Earnings Per Share Basic
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CY2017 us-gaap Earnings Per Share Basic
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-0.57
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CY2016Q4 us-gaap Earnings Per Share Diluted
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-0.15
CY2016 us-gaap Earnings Per Share Diluted
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-0.07
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-0.02
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-0.16
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-0.31
CY2017 us-gaap Earnings Per Share Diluted
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-0.57
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1.82
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
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0.04
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
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0.25
CY2016Q4 us-gaap Energy Related Inventory Petroleum
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6300000 USD
CY2017Q4 us-gaap Energy Related Inventory Petroleum
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8400000 USD
CY2016Q4 us-gaap Equity Method Investments
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0 USD
CY2015 us-gaap Exploration Expense
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156203000 USD
CY2016 us-gaap Exploration Expense
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202280000 USD
CY2017 us-gaap Exploration Expense
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216050000 USD
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24651000 USD
CY2016 us-gaap Gain Loss On Sale Of Property
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0 USD
CY2017 us-gaap Gain Loss On Sale Of Property
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0 USD
CY2015 us-gaap Gains Losses On Extinguishment Of Debt
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CY2016 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2015 us-gaap General And Administrative Expense
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136809000 USD
CY2016 us-gaap General And Administrative Expense
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87623000 USD
CY2017 us-gaap General And Administrative Expense
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68302000 USD
CY2017 us-gaap Impairment Of Oil And Gas Properties
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0 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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85436000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-294564000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-177855000 USD
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-6252000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
155272000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10784000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
44937000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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40600000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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29263000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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6008000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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0 USD
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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0 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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16721000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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94184000 USD
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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-57898000 USD
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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-1978000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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0 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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0 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
0 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense
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1885000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense
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12347000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense
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21100000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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18603000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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5504000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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3086000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Holidays
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153500000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Holidays
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121400000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Holidays
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164400000 USD
CY2015 us-gaap Income Taxes Paid
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35857000 USD
CY2016 us-gaap Income Taxes Paid
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13997000 USD
CY2017 us-gaap Income Taxes Paid
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48815000 USD
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111289000 USD
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-75487000 USD
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86595000 USD
CY2015 us-gaap Increase Decrease In Inventories
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29855000 USD
CY2016 us-gaap Increase Decrease In Inventories
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4107000 USD
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CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-512000 USD
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-17557000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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31710000 USD
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20558000 USD
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0 shares
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2015 us-gaap Interest Costs Capitalized Adjustment
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52392000 USD
CY2016 us-gaap Interest Costs Capitalized Adjustment
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59803000 USD
CY2017 us-gaap Interest Costs Capitalized Adjustment
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30282000 USD
CY2015 us-gaap Interest Costs Incurred
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74897000 USD
CY2016 us-gaap Interest Costs Incurred
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89029000 USD
CY2017 us-gaap Interest Costs Incurred
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92687000 USD
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33315000 USD
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27860000 USD
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55381000 USD
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17247000 USD
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20457000 USD
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74380000 USD
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71861000 USD
CY2016Q4 us-gaap Inventory Supplies Net Of Reserves
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68100000 USD
CY2017Q4 us-gaap Inventory Supplies Net Of Reserves
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63500000 USD
CY2015 us-gaap Inventory Write Down
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0 USD
CY2015 us-gaap Inventory Write Down
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36000 USD
CY2016 us-gaap Inventory Write Down
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14900000 USD
CY2016 us-gaap Inventory Write Down
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14900000 USD
CY2017 us-gaap Inventory Write Down
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900000 USD
CY2017 us-gaap Inventory Write Down
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866000 USD
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3341465000 USD
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3192603000 USD
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370025000 USD
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428730000 USD
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1890241000 USD
CY2017Q4 us-gaap Liabilities Noncurrent
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1866761000 USD
CY2016Q4 us-gaap Long Term Debt
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1321874000 USD
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1282797000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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0 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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0 USD
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0 USD
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719652000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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404971000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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200377000 USD
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1321874000 USD
CY2017Q4 us-gaap Long Term Debt Noncurrent
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1282797000 USD
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79634000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
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448019000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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-52261000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
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-796433000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
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-537763000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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CY2015 us-gaap Net Cash Provided By Used In Operating Activities
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440779000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
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52077000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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236617000 USD
CY2015 us-gaap Net Income Loss
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-69836000 USD
CY2016Q1 us-gaap Net Income Loss
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-58993000 USD
CY2017Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
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134565000 USD
CY2016Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Noncurrent
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45663000 USD
CY2017Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Noncurrent
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34941000 USD
CY2015 us-gaap Oil And Gas Production Expense
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105336000 USD
CY2016 us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
119367000 USD
CY2016Q2 us-gaap Net Income Loss
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-108324000 USD
CY2016Q3 us-gaap Net Income Loss
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-59763000 USD
CY2016Q4 us-gaap Net Income Loss
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-56700000 USD
CY2016 us-gaap Net Income Loss
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-283780000 USD
CY2017Q1 us-gaap Net Income Loss
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-28841000 USD
CY2017Q2 us-gaap Net Income Loss
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-8467000 USD
CY2017Q3 us-gaap Net Income Loss
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-63405000 USD
CY2017Q4 us-gaap Net Income Loss
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-122079000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-222792000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-69836000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-283780000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-222792000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-69836000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-283780000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-222792000 USD
CY2017 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
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CY2016Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
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CY2017Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
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OilAndGasPropertySuccessfulEffortMethodGross
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OilAndGasPropertySuccessfulEffortMethodNet
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CY2017Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
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OilAndGasSalesRevenue
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CY2017 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
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OperatingLeasesRentExpenseNet
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OperatingLeasesRentExpenseNet
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CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
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CY2017Q4 us-gaap Other Accrued Liabilities Current
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CY2017Q4 us-gaap Other Assets
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CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-767000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
767000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
0 USD
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
0 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
767000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
8449000 USD
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OtherLiabilitiesNoncurrent
10612000 USD
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OtherNoncashIncomeExpense
-7875000 USD
CY2016 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-13355000 USD
CY2017 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-5952000 USD
CY2015 us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
-1059000 USD
CY2016 us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
-920000 USD
CY2017 us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
76000 USD
CY2015 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
844000 USD
CY2016 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1954000 USD
CY2017 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
3422000 USD
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5246000 USD
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-23116000 USD
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5291000 USD
CY2016Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
25893000 USD
CY2017Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
25616000 USD
CY2015 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
209000 USD
CY2016 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
74978000 USD
CY2017 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
58697000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
18110000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1981000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2194000 USD
CY2015 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
9030000 USD
CY2016 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2017 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
67000 USD
CY2015 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
CY2016 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
CY2017 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
231280000 USD
CY2015 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
823642000 USD
CY2016 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
535975000 USD
CY2017 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
140495000 USD
CY2015 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1483000 USD
CY2016 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1998000 USD
CY2017 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
2858000 USD
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
7209000 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
9306000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2317828000 USD
CY2016Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
37186000 USD
CY2017Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
39405000 USD
CY2016Q4 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
29183000 USD
CY2017Q4 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
32550000 USD
CY2016Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
8003000 USD
CY2015 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
0 USD
CY2016 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
74800000 USD
CY2017 us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
58700000 USD
CY2015 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
100000000 USD
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
450000000 USD
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
200000000 USD
CY2015 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
206774000 USD
CY2016 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
CY2017 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
CY2015 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
28692000 USD
CY2016 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
210000 USD
CY2017 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
222068000 USD
CY2015Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
3 project
CY2016Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
5 project
CY2017Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
5 project
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2708892000 USD
CY2017Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
6855000 USD
CY2016Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
1385331000 USD
CY2017Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
1653616000 USD
CY2015 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
0 USD
CY2016 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
0 USD
CY2017 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
176881000 USD
CY2015 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
200000000 USD
CY2016 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
250000000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
28533000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
24506000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
56380000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
7325000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
54632000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
15194000 USD
CY2015 us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
155966000 USD
CY2016 us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
140404000 USD
CY2017 us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
255203000 USD
CY2015 us-gaap Results Of Operations Dry Hole Costs
ResultsOfOperationsDryHoleCosts
94910000 USD
CY2016 us-gaap Results Of Operations Dry Hole Costs
ResultsOfOperationsDryHoleCosts
6079000 USD
CY2017 us-gaap Results Of Operations Dry Hole Costs
ResultsOfOperationsDryHoleCosts
43201000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-850410000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
1325513000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
1081199000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1073202000 USD
CY2015 us-gaap Revenues
Revenues
471556000 USD
CY2016Q1 us-gaap Revenues
Revenues
62133000 USD
CY2016Q2 us-gaap Revenues
Revenues
45676000 USD
CY2016Q3 us-gaap Revenues
Revenues
66629000 USD
CY2016Q4 us-gaap Revenues
Revenues
210917000 USD
CY2016 us-gaap Revenues
Revenues
385355000 USD
CY2017Q1 us-gaap Revenues
Revenues
151966000 USD
CY2017Q2 us-gaap Revenues
Revenues
146524000 USD
CY2017Q3 us-gaap Revenues
Revenues
151242000 USD
CY2017Q4 us-gaap Revenues
Revenues
187104000 USD
CY2017 us-gaap Revenues
Revenues
636836000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
75057000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
40084000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
39913000 USD
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
CY2016 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2016 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2017 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
1338959000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
897112000 USD
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
9101395 shares
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
9188819 shares
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
47597000 USD
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
48197000 USD
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
18110000 USD
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1981000 USD
CY2017 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2194000 USD
CY2015 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2016 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2017 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2016Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
919056000 USD
CY2017Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
465109000 USD
CY2015 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
210957000 USD
CY2016 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-46559000 USD
CY2017 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-71822000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
382610000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
385402000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
388375000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
382610000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
385402000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
388375000 shares
CY2017 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Concentration of Credit Risk</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our revenue can be materially affected by current economic conditions and the price of oil. However, based on the current demand for crude oil and the fact that alternative purchasers are readily available, we believe that the loss of our marketing agent and/or any of the purchasers identified by our marketing agent would not have a long&#8209;term material adverse effect on our financial position or results of operations.</font></div></div>
CY2017 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Kosmos Energy Ltd. was incorporated pursuant to the laws of Bermuda in January 2011 to become a holding company for Kosmos Energy Holdings. Kosmos Energy Holdings is a privately held Cayman Islands company that was formed in March 2004. As a holding company, Kosmos Energy Ltd.&#8217;s management operations are conducted through a wholly owned subsidiary, Kosmos Energy, LLC. The terms &#8220;Kosmos,&#8221; the &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our,&#8221; &#8220;ours,&#8221; and similar terms refer to Kosmos Energy Ltd. and its wholly owned subsidiaries, unless the context indicates otherwise.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Kosmos is a leading independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margins. Our assets include existing production and development projects offshore Ghana and Equatorial Guinea, large discoveries and significant further exploration potential offshore Mauritania and Senegal, as well as exploration licenses offshore Cote d'Ivoire, Equatorial Guinea, Morocco, Sao Tome and Principe, and Suriname. </font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">Kosmos is listed on the New York Stock Exchange (&#8220;NYSE&#8221;) and London Stock Exchange ("LSE") and is traded under the ticker symbol KOS.</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> reportable segment, which is the exploration and production of oil and natural gas. Substantially all of our long&#8209;lived assets and all of our product sales are related to production located offshore Ghana. We also have an equity method investment generating revenues with operations offshore Equatorial Guinea.</font></div></div>
CY2017 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts have been reclassified to conform with the current year presentation. Such reclassifications had no material impact on our reported net income (loss), current assets, total assets, current liabilities, total liabilities, shareholders&#8217; equity or cash flows, except as disclosed related to the adoption of recent accounting pronouncements.</font></div></div>
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosures of contingent assets and liabilities. Actual results could differ from these estimates.</font></div></div>

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