2020 Q4 Form 10-K Financial Statement

#000150999121000031 Filed on February 23, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019 Q3
Revenue $274.2M $449.7M $357.0M
YoY Change -39.03% 49.2% 47.03%
Cost Of Revenue $103.9M $136.3M $95.50M
YoY Change -23.77% 86.46% 73.32%
Gross Profit $170.3M $313.4M $261.5M
YoY Change -45.66% 37.22% 39.24%
Gross Profit Margin 62.11% 69.69% 73.24%
Selling, General & Admin $14.80M $21.30M $24.70M
YoY Change -30.52% -38.26% -5.0%
% of Gross Profit 8.69% 6.8% 9.45%
Research & Development $10.30M $97.90M $22.80M
YoY Change -89.48% 79.3% -84.62%
% of Gross Profit 6.05% 31.24% 8.72%
Depreciation & Amortization $162.1M $149.9M $149.0M
YoY Change 8.14% 21.38% 80.83%
% of Gross Profit 95.18% 47.83% 56.98%
Operating Expenses $188.6M $261.0M $218.5M
YoY Change -27.74% 32.35% -13.81%
Operating Profit -$18.30M $52.40M $43.00M
YoY Change -134.92% 67.95% -165.45%
Interest Expense -$78.20M -$65.20M -$3.400M
YoY Change 19.94% -126.3% -93.93%
% of Operating Profit -124.43% -7.91%
Other Income/Expense, Net $0.00 $0.00 -$11.47M
YoY Change -100.0% -189.58%
Pretax Income -$16.30M -$2.300M $39.54M
YoY Change 608.7% -100.8% -134.47%
Income Tax -$24.20M $33.50M $23.47M
% Of Pretax Income 59.37%
Net Earnings $7.956M -$35.77M $16.07M
YoY Change -122.24% -119.28% -112.74%
Net Earnings / Revenue 2.9% -7.95% 4.5%
Basic Earnings Per Share $0.02 -$0.09 $0.04
Diluted Earnings Per Share $0.02 -$0.09 $0.04
COMMON SHARES
Basic Shares Outstanding 405.5M shares 401.5M shares 401.5M shares
Diluted Shares Outstanding 411.0M shares

Balance Sheet

Concept 2020 Q4 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $149.0M $224.5M $203.6M
YoY Change -33.63% 29.39% 5.71%
Cash & Equivalents $149.0M $224.5M $203.6M
Short-Term Investments
Other Short-Term Assets $43.50M $53.40M $77.10M
YoY Change -18.54% -52.02% -27.06%
Inventory $129.0M $114.4M $140.2M
Prepaid Expenses
Receivables $44.49M $64.14M $54.61M
Other Receivables $8.320M $28.73M $20.02M
Total Short-Term Assets $400.3M $566.6M $550.0M
YoY Change -29.35% 11.15% -14.16%
LONG-TERM ASSETS
Property, Plant & Equipment $3.321B $3.642B $3.799B
YoY Change -8.82% 5.28% 8.25%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.000M $0.00 $0.00
YoY Change -100.0% -100.0%
Other Assets $125.6M $86.00M $88.20M
YoY Change 46.05% 63.5% 16.05%
Total Long-Term Assets $3.467B $3.751B $3.918B
YoY Change -7.56% 4.81% 6.22%
TOTAL ASSETS
Total Short-Term Assets $400.3M $566.6M $550.0M
Total Long-Term Assets $3.467B $3.751B $3.918B
Total Assets $3.868B $4.317B $4.468B
YoY Change -10.41% 5.6% 3.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $221.4M $149.5M $171.5M
YoY Change 48.13% -15.33% 11.42%
Accrued Expenses $203.3M $380.7M $292.4M
YoY Change -46.61% 94.64% 11.48%
Deferred Revenue $15.08M $32.48M $33.72M
YoY Change -53.58% 33.24%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.500M $0.00
YoY Change
Total Short-Term Liabilities $460.2M $539.1M $472.4M
YoY Change -14.64% 40.28% -24.83%
LONG-TERM LIABILITIES
Long-Term Debt $2.104B $2.008B $2.106B
YoY Change 4.77% -5.3% 0.56%
Other Long-Term Liabilities $37.46M $33.14M $32.62M
YoY Change 13.02% 261.8% 251.61%
Total Long-Term Liabilities $2.967B $2.936B $3.105B
YoY Change 1.05% 6.3% 12.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $460.2M $539.1M $472.4M
Total Long-Term Liabilities $2.967B $2.936B $3.105B
Total Liabilities $3.427B $3.476B $3.577B
YoY Change -1.38% 10.45% 5.38%
SHAREHOLDERS EQUITY
Retained Earnings -$1.635B -$1.223B -$1.187B
YoY Change 33.65% 4.78% -12.24%
Common Stock $2.312B $2.302B $2.315B
YoY Change 0.44% -1.88% -0.91%
Preferred Stock
YoY Change
Treasury Stock (at cost) $237.0M $237.0M $237.0M
YoY Change 0.0% 0.0% 386.6%
Treasury Stock Shares 44.26M shares 44.26M shares 44.26M shares
Shareholders Equity $440.2M $841.7M $891.0M
YoY Change
Total Liabilities & Shareholders Equity $3.868B $4.317B $4.468B
YoY Change -10.41% 5.6% 3.21%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income $7.956M -$35.77M $16.07M
YoY Change -122.24% -119.28% -112.74%
Depreciation, Depletion And Amortization $162.1M $149.9M $149.0M
YoY Change 8.14% 21.38% 80.83%
Cash From Operating Activities $175.4M $227.9M $177.9M
YoY Change -23.04% 33.82% 98.11%
INVESTING ACTIVITIES
Capital Expenditures -$162.3M -$103.1M -$90.40M
YoY Change 57.42% 49.64% -91.13%
Acquisitions
YoY Change
Other Investing Activities $85.90M $7.700M -$13.60M
YoY Change 1015.58% -81.71% -117.82%
Cash From Investing Activities -$76.50M -$95.40M -$104.0M
YoY Change -19.81% 255.97% -88.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -251.4M -118.2M -43.60M
YoY Change 112.69% -28.49% -104.77%
NET CHANGE
Cash From Operating Activities 175.4M 227.9M 177.9M
Cash From Investing Activities -76.50M -95.40M -104.0M
Cash From Financing Activities -251.4M -118.2M -43.60M
Net Change In Cash -152.5M 14.30M 30.30M
YoY Change -1166.43% -165.6% -50.33%
FREE CASH FLOW
Cash From Operating Activities $175.4M $227.9M $177.9M
Capital Expenditures -$162.3M -$103.1M -$90.40M
Free Cash Flow $337.7M $331.0M $268.3M
YoY Change 2.02% 38.38% -75.8%

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CY2020 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
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CY2019 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
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CY2018 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
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CY2019 us-gaap Proceeds From Issuance Of Other Long Term Debt
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CY2019 us-gaap Repayments Of Other Long Term Debt
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CY2019 us-gaap Proceeds From Issuance Of Secured Debt
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2019 kos Production Prepayment Agreement Exchanged For Term Loan
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CY2018 kos Production Prepayment Agreement Exchanged For Term Loan
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CY2019 us-gaap Stock Issued1
StockIssued1
0 USD
CY2018 us-gaap Stock Issued1
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CY2020 us-gaap Nature Of Operations
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Organization<div style="margin-bottom:9pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Kosmos Energy Ltd. was originally incorporated pursuant to the laws of Bermuda in January 2011 to become a holding company for Kosmos Energy Holdings. Kosmos Energy Ltd. changed its jurisdiction of incorporation from Bermuda to the State of Delaware in December 2018 and transferred all of our equity interests in Kosmos Energy Holdings to a new, wholly-owned subsidiary, Kosmos Energy Delaware Holdings, LLC, a Delaware limited liability company. As a holding company, Kosmos Energy Ltd.’s management operations are conducted through a wholly-owned subsidiary, Kosmos Energy, LLC. The terms “Kosmos,” the “Company,” “we,” “us,” “our,” “ours,” and similar terms refer to Kosmos Energy Ltd. and its wholly-owned subsidiaries, unless the context indicates otherwise.</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. We also maintain a sustainable proven basin exploration program in Equatorial Guinea, Ghana and the U.S. Gulf of Mexico. Kosmos is listed on the NYSE and LSE and is traded under the ticker symbol KOS. </span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Kosmos is engaged in a single line of business, which is the exploration, development, and production of oil and natural gas. Substantially all of our long-lived assets and all of our product sales are related to operations in four geographic areas: Ghana, Equatorial Guinea, Mauritania/Senegal and the U.S. Gulf of Mexico.</span></div>
CY2020 us-gaap Number Of Reportable Segments
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4 segment
CY2020 us-gaap Use Of Estimates
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<div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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. These estimates could change materially if different information or assumptions were used. We base our assumptions and estimates on historical experience and other sources that we believe to be reasonable at the time. Actual results could differ from these estimates.</span></div>
CY2020 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts have been reclassified to conform with the current year presentation. Such reclassifications had no significant impact on our reported net loss, current assets, total assets, current liabilities, total liabilities, shareholders’ equity or cash flows, except as disclosed related to the adoption of recent accounting pronouncements.</span></div>
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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224502000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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173515000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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195000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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4302000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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4527000 USD
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542000 USD
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7574000 USD
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149764000 USD
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CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2019Q4 us-gaap Inventory Supplies Net Of Reserves
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112300000 USD
CY2020Q4 us-gaap Energy Related Inventory Petroleum
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1500000 USD
CY2019Q4 us-gaap Energy Related Inventory Petroleum
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2100000 USD
CY2020 us-gaap Inventory Write Down
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8600000 USD
CY2019 us-gaap Inventory Write Down
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4600000 USD
CY2018 us-gaap Inventory Write Down
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300000 USD
CY2019 us-gaap Depletion Of Oil And Gas Properties
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542900000 USD
CY2020Q4 kos Oil And Gas Imbalance Asset Liability
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0 USD
CY2019Q4 kos Oil And Gas Imbalance Asset Liability
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0 USD
CY2020 us-gaap Restructuring Charges
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16500000 USD
CY2019 us-gaap Restructuring Charges
RestructuringCharges
11500000 USD
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Concentration of Credit RiskOur 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‑term material adverse effect on our financial position or results of international operations. For our U.S. Gulf of Mexico operations, crude oil and natural gas are transported to customers using third-party pipelines.
CY2018Q4 kos Number Of Companies In Alliance
NumberOfCompaniesInAlliance
2 company
CY2020Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
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5369737000 USD
CY2019Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
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4904648000 USD
CY2020Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
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495390000 USD
CY2019Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
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814065000 USD
CY2020Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
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5865127000 USD
CY2019Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
5718713000 USD
CY2020Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
2554851000 USD
CY2019Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
2093962000 USD
CY2020Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
3310276000 USD
CY2019Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
3624751000 USD
CY2020Q4 us-gaap Property Plant And Equipment Other
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59949000 USD
CY2019Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
61598000 USD
CY2020Q4 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
49312000 USD
CY2019Q4 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
44017000 USD
CY2020Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
10637000 USD
CY2019Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
17581000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3320913000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3642332000 USD
CY2020 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
460900000 USD
CY2018 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
316300000 USD
CY2020 us-gaap Depreciation
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5500000 USD
CY2019 us-gaap Depreciation
Depreciation
6900000 USD
CY2018 us-gaap Depreciation
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4600000 USD
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
154000000.0 USD
CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2018 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2019Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
445790000 USD
CY2018Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
367665000 USD
CY2017Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
410113000 USD
CY2020 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
4001000 USD
CY2019 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
78125000 USD
CY2018 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
10518000 USD
CY2020 kos Capitalized Exploratory Well Cost Additions Associated With Acquisition
CapitalizedExploratoryWellCostAdditionsAssociatedWithAcquisition
0 USD
CY2019 kos Capitalized Exploratory Well Cost Additions Associated With Acquisition
CapitalizedExploratoryWellCostAdditionsAssociatedWithAcquisition
0 USD
CY2018 kos Capitalized Exploratory Well Cost Additions Associated With Acquisition
CapitalizedExploratoryWellCostAdditionsAssociatedWithAcquisition
26224000 USD
CY2020 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
263502000 USD
CY2019 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
0 USD
CY2018 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
26224000 USD
CY2020 us-gaap Capitalized Exploratory Well Cost Charged To Expense1
CapitalizedExploratoryWellCostChargedToExpense1
0 USD
CY2019 us-gaap Capitalized Exploratory Well Cost Charged To Expense1
CapitalizedExploratoryWellCostChargedToExpense1
0 USD
CY2018 us-gaap Capitalized Exploratory Well Cost Charged To Expense1
CapitalizedExploratoryWellCostChargedToExpense1
52966000 USD
CY2020Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
186289000 USD
CY2019Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
445790000 USD
CY2018Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
367665000 USD
CY2020Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess
0 USD
CY2019Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess
29121000 USD
CY2018Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess
0 USD
CY2019Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
445790000 USD
CY2018Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
367665000 USD
CY2020Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
3 project
CY2020Q4 kos Capitalized Exploratory Well Costs Greater Than Or Equal To One Year And Less Than Three Years
CapitalizedExploratoryWellCostsGreaterThanOrEqualToOneYearAndLessThanThreeYears
28692000 USD
CY2019Q4 kos Capitalized Exploratory Well Costs Greater Than Or Equal To One Year And Less Than Three Years
CapitalizedExploratoryWellCostsGreaterThanOrEqualToOneYearAndLessThanThreeYears
78245000 USD
CY2018Q4 kos Capitalized Exploratory Well Costs Greater Than Or Equal To One Year And Less Than Three Years
CapitalizedExploratoryWellCostsGreaterThanOrEqualToOneYearAndLessThanThreeYears
299253000 USD
CY2020Q4 kos Capitalized Exploratory Well Costs Greater Than Or Equal To Three Years
CapitalizedExploratoryWellCostsGreaterThanOrEqualToThreeYears
157597000 USD
CY2019Q4 kos Capitalized Exploratory Well Costs Greater Than Or Equal To Three Years
CapitalizedExploratoryWellCostsGreaterThanOrEqualToThreeYears
338424000 USD
CY2018Q4 kos Capitalized Exploratory Well Costs Greater Than Or Equal To Three Years
CapitalizedExploratoryWellCostsGreaterThanOrEqualToThreeYears
68412000 USD
CY2020Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
186289000 USD
CY2019Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
3 project
CY2018Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
3 project
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5869000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
5480000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
22240000 USD
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
13705000 USD
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
15874000 USD
CY2020 us-gaap Lease Cost
LeaseCost
19574000 USD
CY2019 us-gaap Lease Cost
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21354000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
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19799000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
20008000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1405000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
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1139000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
22771000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y4M24D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y9M18D
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OperatingLeaseWeightedAverageDiscountRatePercent
0.098
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.098
CY2020 us-gaap Operating Lease Payments
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5225000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
5082000 USD
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OperatingLeasePaymentsUse
12586000 USD
CY2019 us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
13855000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3307000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4216000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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4287000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4358000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4429000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
15470000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
36067000 USD
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11891000 USD
CY2020Q4 us-gaap Operating Lease Liability
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24176000 USD
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2150000000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
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2050000000 USD
CY2020Q4 kos Debt Instrument Unamortized Issuance Costs And Discounts
DebtInstrumentUnamortizedIssuanceCostsAndDiscounts
38569000 USD
CY2019Q4 kos Debt Instrument Unamortized Issuance Costs And Discounts
DebtInstrumentUnamortizedIssuanceCostsAndDiscounts
41937000 USD
CY2020Q4 us-gaap Long Term Debt
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CY2019Q4 us-gaap Long Term Debt
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2008063000 USD
CY2020Q4 us-gaap Long Term Debt Current
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7500000 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
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2103931000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
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2008063000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
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2150000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
7500000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
258571000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
458571000 USD
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LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
458572000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
316786000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
650000000 USD
CY2020 us-gaap Interest Costs Incurred
InterestCostsIncurred
119857000 USD
CY2019 us-gaap Interest Costs Incurred
InterestCostsIncurred
145507000 USD
CY2018 us-gaap Interest Costs Incurred
InterestCostsIncurred
114134000 USD
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
9347000 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
9257000 USD
CY2018 us-gaap Amortization Of Financing Costs
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9379000 USD
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CY2019 us-gaap Gains Losses On Extinguishment Of Debt
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-24794000 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-4324000 USD
CY2020 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
25013000 USD
CY2019 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
28077000 USD
CY2018 us-gaap Interest Costs Capitalized Adjustment
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28331000 USD
CY2020 kos Deferred Interest
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2402000 USD
CY2019 kos Deferred Interest
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1919000 USD
CY2018 kos Deferred Interest
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-1138000 USD
CY2020 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
4773000 USD
CY2019 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
3692000 USD
CY2018 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
3455000 USD
CY2020 kos Interest And Other Financing Costs Other Net
InterestAndOtherFinancingCostsOtherNet
5072000 USD
CY2019 kos Interest And Other Financing Costs Other Net
InterestAndOtherFinancingCostsOtherNet
5366000 USD
CY2018 kos Interest And Other Financing Costs Other Net
InterestAndOtherFinancingCostsOtherNet
6263000 USD
CY2020 kos Interest Expense Income Net
InterestExpenseIncomeNet
109794000 USD
CY2019 kos Interest Expense Income Net
InterestExpenseIncomeNet
155074000 USD
CY2018 kos Interest Expense Income Net
InterestExpenseIncomeNet
101176000 USD
CY2020 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-22800000 USD
CY2019 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-70724000 USD
CY2020Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2020Q4 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
3200000 USD
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
154000000.0 USD
CY2018 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
29960000 USD
CY2020Q1 us-gaap Impairment Of Long Lived Assets Held For Use
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150800000 USD
CY2020Q2 us-gaap Impairment Of Long Lived Assets Held For Use
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0 USD
CY2019Q4 us-gaap Asset Retirement Obligation
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235053000 USD
CY2018Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
151953000 USD
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AssetRetirementObligationLiabilitiesIncurred
3436000 USD
CY2019 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
11218000 USD
CY2020 us-gaap Asset Retirement Obligation Liabilities Settled
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2782000 USD
CY2019 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
7156000 USD
CY2020 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-3736000 USD
CY2019 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
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CY2020 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
19450000 USD
CY2019 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
14114000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
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251421000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
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235053000 USD
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4900000 USD
CY2020Q1 kos Coronavirus Aid Relief And Economic Security Act Income Tax Refund Claim Amount
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12200000 USD
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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25117000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2020 us-gaap Current Income Tax Expense Benefit
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CY2018 us-gaap Current Income Tax Expense Benefit
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CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2018 us-gaap Deferred Income Tax Expense Benefit
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9145000 USD
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5013000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
80894000 USD
CY2018 us-gaap Income Tax Expense Benefit
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43131000 USD
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CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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5275000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-10681000 USD
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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32690000 USD
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IncomeTaxReconciliationOtherAdjustments
0 USD
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-13352000 USD
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
3256000 USD
CY2020 kos Effective Income Tax Rate Reconciliation Arbitration Settlement Amount
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0 USD
CY2019 kos Effective Income Tax Rate Reconciliation Arbitration Settlement Amount
EffectiveIncomeTaxRateReconciliationArbitrationSettlementAmount
0 USD
CY2018 kos Effective Income Tax Rate Reconciliation Arbitration Settlement Amount
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-2834000 USD
CY2020 kos Effective Income Tax Rate Reconciliation Nondeductible Expense Insurance Premiums
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0 USD
CY2019 kos Effective Income Tax Rate Reconciliation Nondeductible Expense Insurance Premiums
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2625000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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890000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
3545000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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2643000 USD
CY2020 kos Effective Income Tax Rate Reconciliation Deferred Tax Liability Undistributed Earnings Amount
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0 USD
CY2019 kos Effective Income Tax Rate Reconciliation Deferred Tax Liability Undistributed Earnings Amount
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0 USD
CY2018 kos Effective Income Tax Rate Reconciliation Deferred Tax Liability Undistributed Earnings Amount
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CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense
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387000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense
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3998000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense
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656000 USD
CY2020 us-gaap Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
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0 USD
CY2019 us-gaap Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
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0 USD
CY2018 us-gaap Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
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15305000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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1175000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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1224000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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44889000 USD
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500000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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63335000 USD
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-4902000 USD
CY2019 kos Effective Income Tax Rate Reconciliation Carryback Income Tax Rate Differential Domestic Amount
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0 USD
CY2018 kos Effective Income Tax Rate Reconciliation Carryback Income Tax Rate Differential Domestic Amount
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0 USD
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CY2019 us-gaap Income Tax Expense Benefit
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80894000 USD
CY2018 us-gaap Income Tax Expense Benefit
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43131000 USD
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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0.01
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
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3.22
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.85
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
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CY2019 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
132100000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
261200000 USD
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
113427000 USD
CY2020Q4 kos Deferred Tax Assets Foreign Capitalized Operating Expenses
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152106000 USD
CY2019Q4 kos Deferred Tax Assets Foreign Capitalized Operating Expenses
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