2018 Q4 Form 10-Q Financial Statement

#000150999118000063 Filed on November 05, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $301.4M $242.8M $151.2M
YoY Change 61.09% 60.56% 126.99%
Cost Of Revenue $73.10M $55.10M $39.20M
YoY Change 58.23% 40.56% 188.24%
Gross Profit $228.4M $187.8M $112.1M
YoY Change 62.1% 67.53% 238.67%
Gross Profit Margin 75.78% 77.34% 74.12%
Selling, General & Admin $34.50M $26.00M $20.00M
YoY Change 94.92% 30.0% -8.68%
% of Gross Profit 15.11% 13.84% 17.84%
Research & Development $54.60M $148.2M $37.00M
YoY Change 2.25% 300.54% -44.11%
% of Gross Profit 23.91% 78.91% 33.01%
Depreciation & Amortization $123.5M $82.40M $76.10M
YoY Change 60.81% 8.28% 273.04%
% of Gross Profit 54.07% 43.88% 67.89%
Operating Expenses $197.2M $253.5M $132.3M
YoY Change 43.0% 91.61% 18.34%
Operating Profit $31.20M -$65.70M -$20.20M
YoY Change 940.0% 225.25% -74.33%
Interest Expense $247.9M -$56.00M -$44.70M
YoY Change -299.12% 25.28% -787.69%
% of Operating Profit 794.55%
Other Income/Expense, Net $8.100M $12.81M -$233.0K
YoY Change -5596.57% -129.31%
Pretax Income $287.0M -$114.7M -$64.92M
YoY Change -336.21% 76.67% 24.22%
Income Tax $101.5M $11.36M -$1.515M
% Of Pretax Income 35.37%
Net Earnings $185.6M -$126.1M -$63.41M
YoY Change -252.0% 98.81% 6.09%
Net Earnings / Revenue 61.57% -51.91% -41.92%
Basic Earnings Per Share $0.44 -$0.31 -$0.16
Diluted Earnings Per Share $0.43 -$0.31 -$0.16
COMMON SHARES
Basic Shares Outstanding 433.6M shares 404.5M shares 389.1M shares
Diluted Shares Outstanding 404.5M shares 389.1M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $173.5M $192.6M $164.2M
YoY Change -25.66% 17.3% 50.64%
Cash & Equivalents $173.5M $192.6M $164.2M
Short-Term Investments
Other Short-Term Assets $111.3M $105.7M $81.50M
YoY Change 65.13% 29.69% -21.33%
Inventory $84.83M $90.00M $74.28M
Prepaid Expenses
Receivables $48.16M $131.5M $51.73M
Other Receivables $21.69M $15.75M $15.76M
Total Short-Term Assets $509.7M $640.8M $469.1M
YoY Change -4.48% 36.58% 21.35%
LONG-TERM ASSETS
Property, Plant & Equipment $3.460B $3.510B $2.258B
YoY Change 49.26% 55.4% -18.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $51.90M $88.65M $122.7M
YoY Change -78.06% -27.73% 881.31%
Other Assets $52.60M $76.00M $117.8M
YoY Change -49.71% -35.48% -18.48%
Total Long-Term Assets $3.578B $3.689B $2.501B
YoY Change 34.58% 47.47% -14.2%
TOTAL ASSETS
Total Short-Term Assets $509.7M $640.8M $469.1M
Total Long-Term Assets $3.578B $3.689B $2.501B
Total Assets $4.088B $4.329B $2.970B
YoY Change 28.05% 45.75% -10.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $176.5M $153.9M $100.3M
YoY Change 24.51% 53.46% -42.36%
Accrued Expenses $195.6M $262.3M $173.8M
YoY Change -10.85% 50.92% 78.81%
Deferred Revenue $24.38M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $384.3M $628.4M $283.1M
YoY Change -10.36% 121.97% 0.22%
LONG-TERM LIABILITIES
Long-Term Debt $2.121B $2.095B $1.080B
YoY Change 65.31% 93.88% -18.1%
Other Long-Term Liabilities $9.160M $9.277M $9.871M
YoY Change -13.68% -6.02% -88.82%
Total Long-Term Liabilities $2.762B $2.766B $1.678B
YoY Change 47.98% 64.84% 19.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $384.3M $628.4M $283.1M
Total Long-Term Liabilities $2.762B $2.766B $1.678B
Total Liabilities $3.147B $3.395B $1.961B
YoY Change 37.08% 73.08% -9.77%
SHAREHOLDERS EQUITY
Retained Earnings -$1.167B -$1.353B -$951.1M
YoY Change 8.76% 42.23%
Common Stock $2.346B $2.336B $2.009B
YoY Change 16.21% 16.32%
Preferred Stock
YoY Change
Treasury Stock (at cost) $237.0M $48.71M $48.20M
YoY Change 391.75% 1.06%
Treasury Stock Shares 44.26M shares 9.263M shares 9.189M shares
Shareholders Equity $941.5M $934.9M $1.009B
YoY Change
Total Liabilities & Shareholders Equity $4.088B $4.329B $2.970B
YoY Change 28.05% 45.75% -10.04%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $185.6M -$126.1M -$63.41M
YoY Change -252.0% 98.81% 6.09%
Depreciation, Depletion And Amortization $123.5M $82.40M $76.10M
YoY Change 60.81% 8.28% 273.04%
Cash From Operating Activities $170.3M $89.80M $111.9M
YoY Change 19.76% -19.75% -369.64%
INVESTING ACTIVITIES
Capital Expenditures -$68.90M -$1.019B -$58.10M
YoY Change 68.05% 1654.04% -34.72%
Acquisitions
YoY Change
Other Investing Activities $42.10M $76.30M $0.00
YoY Change -118.2% -100.0%
Cash From Investing Activities -$26.80M -$942.8M -$58.10M
YoY Change -90.16% 1522.72% 27.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -165.3M 914.0M -50.20M
YoY Change -182.73% -1920.72% -140.19%
NET CHANGE
Cash From Operating Activities 170.3M 89.80M 111.9M
Cash From Investing Activities -26.80M -942.8M -58.10M
Cash From Financing Activities -165.3M 914.0M -50.20M
Net Change In Cash -21.80M 61.00M 3.600M
YoY Change -131.28% 1594.44% -90.45%
FREE CASH FLOW
Cash From Operating Activities $170.3M $89.80M $111.9M
Capital Expenditures -$68.90M -$1.019B -$58.10M
Free Cash Flow $239.2M $1.109B $170.0M
YoY Change 30.57% 552.29% 257.89%

Facts In Submission

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-0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.26
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.31
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.70
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.26
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.31
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.70
CY2017Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.02
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.79
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.10
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.17
CY2017Q4 us-gaap Energy Related Inventory Petroleum
EnergyRelatedInventoryPetroleum
8400000 USD
CY2018Q3 us-gaap Energy Related Inventory Petroleum
EnergyRelatedInventoryPetroleum
3200000 USD
CY2017Q4 us-gaap Equity Method Investments
EquityMethodInvestments
236514000 USD
CY2018Q3 us-gaap Equity Method Investments
EquityMethodInvestments
88652000 USD
CY2017Q3 us-gaap Exploration Expense
ExplorationExpense
36983000 USD
us-gaap Exploration Expense
ExplorationExpense
162679000 USD
CY2018Q3 us-gaap Exploration Expense
ExplorationExpense
148238000 USD
us-gaap Exploration Expense
ExplorationExpense
246912000 USD
CY2017Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
CY2018Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
7666000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
7666000 USD
CY2017Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-59318000 USD
CY2017Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2018Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-268000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4324000 USD
CY2017Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20029000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
50555000 USD
CY2018Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
25963000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
65343000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-64920000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-56312000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-114693000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-337885000 USD
CY2017Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-4804000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-11230000 USD
CY2018Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
24841000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
59637000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-11230000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-5235000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1515000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
44401000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11364000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-58329000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
27199000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
25601000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-120325000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-15178000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
41651000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-73569000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-58000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-3978000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
19327000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
9732000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-3232000 USD
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2017Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
8563000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
25498000 USD
CY2018Q3 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
7097000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
21209000 USD
CY2017Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
22961000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
68934000 USD
CY2018Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
27317000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
77121000 USD
us-gaap Interest Paid Net
InterestPaidNet
48694000 USD
us-gaap Interest Paid Net
InterestPaidNet
86981000 USD
CY2018Q3 us-gaap Inventory Net
InventoryNet
90003000 USD
CY2017Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
63500000 USD
CY2017Q4 us-gaap Interest Payable Current
InterestPayableCurrent
20457000 USD
CY2018Q3 us-gaap Interest Payable Current
InterestPayableCurrent
7430000 USD
CY2017Q4 us-gaap Inventory Net
InventoryNet
71861000 USD
CY2018Q3 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
86800000 USD
CY2017Q3 us-gaap Inventory Write Down
InventoryWriteDown
-500000 USD
us-gaap Inventory Write Down
InventoryWriteDown
47000 USD
CY2018Q3 us-gaap Inventory Write Down
InventoryWriteDown
-2000 USD
us-gaap Inventory Write Down
InventoryWriteDown
-26000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3192603000 USD
CY2018Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4329464000 USD
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
428730000 USD
CY2018Q3 us-gaap Liabilities Current
LiabilitiesCurrent
628449000 USD
CY2017Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1866761000 USD
CY2018Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
2766082000 USD
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
1282797000 USD
CY2018Q3 us-gaap Long Term Debt
LongTermDebt
2094534000 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
875300000 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
589100000 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
685600000 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 USD
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1282797000 USD
CY2018Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2094534000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-252116000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
770560000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
119717000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-958298000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
94412000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
90247000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-63405000 USD
us-gaap Net Income Loss
NetIncomeLoss
-100713000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-126057000 USD
us-gaap Net Income Loss
NetIncomeLoss
-279556000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-63405000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-100713000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-126057000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-279556000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-63405000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-100713000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-126057000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-279556000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2017Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
134565000 USD
CY2018Q3 us-gaap Oil And Gas Joint Interest Billing Receivables Current
OilAndGasJointInterestBillingReceivablesCurrent
84209000 USD
CY2017Q4 us-gaap Oil And Gas Joint Interest Billing Receivables Noncurrent
OilAndGasJointInterestBillingReceivablesNoncurrent
34941000 USD
CY2018Q3 us-gaap Oil And Gas Joint Interest Billing Receivables Noncurrent
OilAndGasJointInterestBillingReceivablesNoncurrent
21861000 USD
CY2017Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
1234806000 USD
CY2018Q3 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
1434489000 USD
CY2017Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
3545779000 USD
CY2018Q3 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
4933344000 USD
CY2017Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
2310973000 USD
CY2018Q3 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
3498855000 USD
CY2017Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
39187000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
80677000 USD
CY2018Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
55078000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
151661000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
37971000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
3326000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
3276000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
4173000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
2775000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
22958000 USD
CY2018Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
1463000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1596000 USD
CY2018Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
488000 USD
CY2017Q4 us-gaap Other Assets
OtherAssets
29458000 USD
CY2018Q3 us-gaap Other Assets
OtherAssets
3204000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
10612000 USD
CY2018Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
9277000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3412000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1237000 USD
CY2017Q3 us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
88000 USD
us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
-157000 USD
CY2018Q3 us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
123000 USD
us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
-1583000 USD
CY2017Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
745000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
2485000 USD
CY2018Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
788000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
2579000 USD
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-233000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3003000 USD
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
12807000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8164000 USD
CY2017Q3 us-gaap Other Operating Income
OtherOperatingIncome
2000 USD
us-gaap Other Operating Income
OtherOperatingIncome
58697000 USD
CY2018Q3 us-gaap Other Operating Income
OtherOperatingIncome
-280000 USD
us-gaap Other Operating Income
OtherOperatingIncome
-17000 USD
CY2017Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
25616000 USD
CY2018Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
15750000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
36745000 USD
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
0 USD
us-gaap Payments To Acquire Oil And Gas Property
PaymentsToAcquireOilAndGasProperty
961764000 USD
us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
100712000 USD
us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
149305000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1639000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
3560000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2018Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
9306000 USD
CY2018Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
58949000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
142628000 USD
us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
58700000 USD
us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1000000000 USD
us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
222068000 USD
us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
13703000 USD
CY2017Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
5 project
CY2018Q3 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
3 project
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2317828000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3509537000 USD
CY2017Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
39405000 USD
CY2018Q3 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
46513000 USD
CY2017Q4 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
32550000 USD
CY2018Q3 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
35831000 USD
CY2017Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
6855000 USD
CY2018Q3 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
10682000 USD
CY2017Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
1653616000 USD
CY2018Q3 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
2749163000 USD
us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
250000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
175000000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
56380000 USD
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
5376000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
15194000 USD
CY2018Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
9473000 USD
CY2017Q3 us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
73490000 USD
us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
180909000 USD
CY2018Q3 us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
80041000 USD
us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
208607000 USD
us-gaap Results Of Operations Dry Hole Costs
ResultsOfOperationsDryHoleCosts
24515000 USD
us-gaap Results Of Operations Dry Hole Costs
ResultsOfOperationsDryHoleCosts
114948000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1073202000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1352758000 USD
CY2017Q3 us-gaap Revenues
Revenues
151240000 USD
us-gaap Revenues
Revenues
391035000 USD
CY2018Q3 us-gaap Revenues
Revenues
242833000 USD
us-gaap Revenues
Revenues
585220000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
29945000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
25975000 USD
us-gaap Stock Issued1
StockIssued1
0 USD
us-gaap Stock Issued1
StockIssued1
307944000 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
307944000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
897112000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
934933000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
9188819 shares
CY2018Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
9263269 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
48197000 USD
CY2018Q3 us-gaap Treasury Stock Value
TreasuryStockValue
48707000 USD
CY2017Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2018Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2017Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
465109000 USD
CY2018Q3 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
733274000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
25924000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-232057000 USD
CY2018Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
389058000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
388114000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
404536000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
399026000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
389058000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
388114000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
404536000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
399026000 shares
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization</font></div><div style="line-height:120%;text-indent:84px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Kosmos Energy&#160;Ltd. was incorporated pursuant to the laws of Bermuda in January&#160;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&#160;2004. As a holding company, Kosmos Energy&#160;Ltd.&#8217;s corporate management operations are conducted through a wholly owned subsidiary, Kosmos Energy,&#160;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&#160;Ltd. and its wholly owned subsidiaries, unless the context indicates otherwise.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Kosmos is </font><font style="font-family:inherit;font-size:10pt;">a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margin. Our key assets include production offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. We also maintain a sustainable exploration program balanced between proven basin short-cycle exploration (Equatorial Guinea and U.S. Gulf of Mexico), emerging basins (Mauritania, Senegal and Suriname) and frontier basins (Cote d'Ivoire, Namibia and Sao Tome and Principe). </font><font style="font-family:inherit;font-size:10pt;">Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;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-lived assets and all of our product sales are related to production located offshore Ghana and U.S. Gulf of Mexico. We also have an equity method investment generating revenues with operations offshore Equatorial Guinea.</font></div></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;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%;text-align:justify;text-indent:84px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;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 presentation. Such reclassifications had no impact on our reported net </font><font style="font-family:inherit;font-size:10pt;">loss</font><font style="font-family:inherit;font-size:10pt;">, current assets, total assets, current liabilities, total liabilities, shareholders&#8217; equity or cash flows.&#160;</font></div></div>

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