2023 Q2 Form 10-Q Financial Statement

#000150999123000043 Filed on May 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $273.3M $394.2M
YoY Change -55.95% -40.18%
Cost Of Revenue $63.58M $83.94M
YoY Change -29.5% -32.69%
Gross Profit $209.7M $310.3M
YoY Change -60.45% -41.92%
Gross Profit Margin 76.73% 78.71%
Selling, General & Admin $23.44M $29.17M
YoY Change -4.79% 13.08%
% of Gross Profit 11.18% 9.4%
Research & Development $11.02M $12.00M
YoY Change -87.7% 1.04%
% of Gross Profit 5.25% 3.87%
Depreciation & Amortization $92.44M $111.9M
YoY Change -25.61% -30.76%
% of Gross Profit 44.09% 36.07%
Operating Expenses $127.1M $151.9M
YoY Change -45.13% -25.59%
Operating Profit $82.56M $158.4M
YoY Change -72.34% -52.02%
Interest Expense -$26.73M -$18.05M
YoY Change -74.44% -94.3%
% of Operating Profit -32.38% -11.39%
Other Income/Expense, Net $60.00K -$2.030M
YoY Change -98.3% -16.32%
Pretax Income $53.18M $139.6M
YoY Change -72.61% 986.38%
Income Tax $29.84M $56.32M
% Of Pretax Income 56.1% 40.34%
Net Earnings $23.35M $83.31M
YoY Change -80.08% 5850.64%
Net Earnings / Revenue 8.54% 21.13%
Basic Earnings Per Share $0.05 $0.18
Diluted Earnings Per Share $0.05 $0.17
COMMON SHARES
Basic Shares Outstanding 460.0M shares 459.6M shares
Diluted Shares Outstanding 479.0M shares 479.3M shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $85.73M $128.4M
YoY Change -61.61% -61.99%
Cash & Equivalents $85.73M $128.4M
Short-Term Investments
Other Short-Term Assets $43.91M $41.02M
YoY Change 99.45% -54.26%
Inventory $191.4M $163.9M
Prepaid Expenses
Receivables $81.65M $57.96M
Other Receivables $16.85M $15.90M
Total Short-Term Assets $419.5M $443.3M
YoY Change -39.22% -44.18%
LONG-TERM ASSETS
Property, Plant & Equipment $4.078B $3.966B
YoY Change 1.13% -1.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.505M $1.937M
YoY Change 76.31%
Other Assets $28.00M $30.46M
YoY Change 6.02% 11.32%
Total Long-Term Assets $4.388B $4.255B
YoY Change 3.47% 0.65%
TOTAL ASSETS
Total Short-Term Assets $419.5M $443.3M
Total Long-Term Assets $4.388B $4.255B
Total Assets $4.808B $4.698B
YoY Change -2.51% -6.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $263.8M $273.2M
YoY Change -8.01% 21.64%
Accrued Expenses $165.4M $319.8M
YoY Change -53.01% -3.23%
Deferred Revenue $20.68M $18.78M
YoY Change -49.01% -42.62%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $15.00M $30.00M
YoY Change -50.0% -76.92%
Total Short-Term Liabilities $523.7M $624.5M
YoY Change -39.52% -33.07%
LONG-TERM LIABILITIES
Long-Term Debt $2.359B $2.191B
YoY Change 3.42% -8.16%
Other Long-Term Liabilities $561.9M $251.1M
YoY Change 120.92% 1.15%
Total Long-Term Liabilities $2.921B $3.204B
YoY Change -14.17% -9.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $523.7M $624.5M
Total Long-Term Liabilities $2.921B $3.204B
Total Liabilities $3.904B $3.829B
YoY Change -8.55% -14.63%
SHAREHOLDERS EQUITY
Retained Earnings -$1.379B -$1.403B
YoY Change -13.47% -18.03%
Common Stock $2.520B $2.509B
YoY Change 1.08% 0.99%
Preferred Stock
YoY Change
Treasury Stock (at cost) $237.0M $237.0M
YoY Change 0.0% 0.0%
Treasury Stock Shares 44.26M shares
Shareholders Equity $903.9M $869.4M
YoY Change
Total Liabilities & Shareholders Equity $4.808B $4.698B
YoY Change -2.51% -6.44%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $23.35M $83.31M
YoY Change -80.08% 5850.64%
Depreciation, Depletion And Amortization $92.44M $111.9M
YoY Change -25.61% -30.76%
Cash From Operating Activities $18.11M $203.9M
YoY Change -93.5% -38.16%
INVESTING ACTIVITIES
Capital Expenditures $193.2M $223.7M
YoY Change -182.85% -305.53%
Acquisitions
YoY Change
Other Investing Activities -$17.62M -$15.67M
YoY Change 60.85% -113.26%
Cash From Investing Activities -$210.8M -$239.4M
YoY Change -13.64% -2649.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 150.0M -$19.48M
YoY Change -172.09% -83.3%
NET CHANGE
Cash From Operating Activities 18.11M $203.9M
Cash From Investing Activities -210.8M -$239.4M
Cash From Financing Activities 150.0M -$19.48M
Net Change In Cash -42.70M -$54.98M
YoY Change -75.41% -124.72%
FREE CASH FLOW
Cash From Operating Activities $18.11M $203.9M
Capital Expenditures $193.2M $223.7M
Free Cash Flow -$175.1M -$19.83M
YoY Change -134.21% -104.52%

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GainsLossesOnExtinguishmentOfDebt
-192000 usd
CY2023Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2273000 usd
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2288000 usd
CY2023Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-10275000 usd
CY2022Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
24786000 usd
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
30583000 usd
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8238000 usd
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4208000 usd
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
12799000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
60920000 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
13385000 usd
CY2023Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-15182000 usd
CY2022Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
78366000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
203853000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
329628000 usd
CY2023Q1 us-gaap Payments To Acquire Oil And Gas Equipment
PaymentsToAcquireOilAndGasEquipment
223685000 usd
CY2022Q1 us-gaap Payments To Acquire Oil And Gas Equipment
PaymentsToAcquireOilAndGasEquipment
108834000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
0 usd
CY2022Q1 us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
118222000 usd
CY2023Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
15671000 usd
CY2022Q1 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-239356000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
9388000 usd
CY2023Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
7500000 usd
CY2022Q1 us-gaap Repayments Of Debt
RepaymentsOfDebt
107500000 usd
CY2023Q1 kos Payments For Tax Withholdings On Restricted Stock Units
PaymentsForTaxWithholdingsOnRestrictedStockUnits
11810000 usd
CY2022Q1 kos Payments For Tax Withholdings On Restricted Stock Units
PaymentsForTaxWithholdingsOnRestrictedStockUnits
2753000 usd
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
165000 usd
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
642000 usd
CY2023Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
CY2022Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5738000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-19475000 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-116633000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-54978000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
222383000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
186821000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
174896000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
131843000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
397279000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
5170000 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
40466000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
50780000 usd
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
18356000 usd
CY2023Q1 us-gaap Nature Of Operations
NatureOfOperations
Organization<div style="text-indent:63pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="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. is incorporated in the State of Delaware as a holding company for 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="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="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 offshore Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as world-class gas projects offshore Mauritania and Senegal. We also pursue a proven basin exploration program in Equatorial Guinea 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="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%"> </span></div><div style="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>
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2023Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="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="text-align:justify;text-indent:63pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div>Certain prior period amounts have been reclassified to conform with the current presentation. Such reclassifications had no significant impact on our reported net income, current assets, total assets, current liabilities, total liabilities, stockholders’ equity or cash flows.
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
128427000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
183405000 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
3416000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
3416000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
131843000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
186821000 usd
CY2023Q1 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
136200000 usd
CY2022Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
125300000 usd
CY2023Q1 us-gaap Energy Related Inventory Petroleum
EnergyRelatedInventoryPetroleum
27700000 usd
CY2022Q4 us-gaap Energy Related Inventory Petroleum
EnergyRelatedInventoryPetroleum
8200000 usd
CY2023Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="text-align:justify"><span><br/></span></div><div style="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%">Our revenue can be materially affected by current economic conditions and the price of oil and natural gas. However, based on the current demand for crude oil and natural gas and the fact that alternative purchasers are readily available, we believe that the loss of our purchasers and/or marketing agents would not have a long‑term material adverse effect on our financial position or results of operations.</span></div>
CY2023Q1 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
7172499000 usd
CY2022Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
6953435000 usd
CY2023Q1 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
347505000 usd
CY2022Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
341334000 usd
CY2023Q1 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
7520004000 usd
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Gross
OilAndGasPropertySuccessfulEffortMethodGross
7294769000 usd
CY2023Q1 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
3558930000 usd
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization
OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization
3457332000 usd
CY2023Q1 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
3961074000 usd
CY2022Q4 us-gaap Oil And Gas Property Successful Effort Method Net
OilAndGasPropertySuccessfulEffortMethodNet
3837437000 usd
CY2023Q1 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
61417000 usd
CY2022Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
60730000 usd
CY2023Q1 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
56313000 usd
CY2022Q4 us-gaap Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
55520000 usd
CY2023Q1 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
5104000 usd
CY2022Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
5210000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3966178000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3842647000 usd
CY2023Q1 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
101600000 usd
CY2022Q1 us-gaap Depletion Of Oil And Gas Properties
DepletionOfOilAndGasProperties
151600000 usd
CY2022Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
145957000 usd
CY2023Q1 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
2093000 usd
CY2023Q1 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
0 usd
CY2023Q1 us-gaap Capitalized Exploratory Well Cost Charged To Expense1
CapitalizedExploratoryWellCostChargedToExpense1
0 usd
CY2023Q1 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
148050000 usd
CY2023Q1 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess
0 usd
CY2022Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess
0 usd
CY2023Q1 kos Capitalized Exploratory Well Costs Greater Than Or Equal To One Year And Less Than Four Years
CapitalizedExploratoryWellCostsGreaterThanOrEqualToOneYearAndLessThanFourYears
32515000 usd
CY2022Q4 kos Capitalized Exploratory Well Costs Greater Than Or Equal To One Year And Less Than Four Years
CapitalizedExploratoryWellCostsGreaterThanOrEqualToOneYearAndLessThanFourYears
32770000 usd
CY2023Q1 kos Capitalized Exploratory Well Costs Greater Than Or Equal To Four Years And Less Than Six Years
CapitalizedExploratoryWellCostsGreaterThanOrEqualToFourYearsAndLessThanSixYears
115535000 usd
CY2022Q4 kos Capitalized Exploratory Well Costs Greater Than Or Equal To Four Years And Less Than Six Years
CapitalizedExploratoryWellCostsGreaterThanOrEqualToFourYearsAndLessThanSixYears
113187000 usd
CY2023Q1 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
148050000 usd
CY2022Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
145957000 usd
CY2023Q1 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
2 project
CY2022Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
2 project
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2262500000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2270000000 usd
CY2023Q1 kos Debt Instrument Unamortized Issuance Costs And Discounts
DebtInstrumentUnamortizedIssuanceCostsAndDiscounts
41446000 usd
CY2022Q4 kos Debt Instrument Unamortized Issuance Costs And Discounts
DebtInstrumentUnamortizedIssuanceCostsAndDiscounts
44089000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
2221054000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
2225911000 usd
CY2023Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
30000000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
30000000 usd
CY2023Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2191054000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2195911000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2262500000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
22500000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
30000000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
262548000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
918880000 usd
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
578572000 usd
CY2023Q1 kos Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
450000000 usd
CY2023Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
48515000 usd
CY2022Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
43162000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2551000 usd
CY2022Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2670000 usd
CY2023Q1 us-gaap Gains Losses On Extinguishment Of Debt
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0 usd
CY2022Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-192000 usd
CY2023Q1 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
30203000 usd
CY2022Q1 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
16139000 usd
CY2023Q1 kos Deferred Interest
DeferredInterest
-317000 usd
CY2022Q1 kos Deferred Interest
DeferredInterest
-1450000 usd
CY2023Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
4141000 usd
CY2022Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1540000 usd
CY2023Q1 kos Interest And Other Financing Costs Other Net
InterestAndOtherFinancingCostsOtherNet
8163000 usd
CY2022Q1 kos Interest And Other Financing Costs Other Net
InterestAndOtherFinancingCostsOtherNet
6244000 usd
CY2023Q1 kos Interest Expense Income Net
InterestExpenseIncomeNet
24568000 usd
CY2022Q1 kos Interest Expense Income Net
InterestExpenseIncomeNet
33139000 usd
CY2023Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
2338000 usd
CY2022Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-290806000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
83309000 usd
CY2022Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2023Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
139632000 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
12853000 usd
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.40
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.89
CY2022Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
1400000 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
458318000 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
454102000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
21008000 shares
CY2022Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
15062000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
479326000 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
469164000 shares
CY2023Q1 us-gaap Earnings Per Share Basic
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0.18
CY2022Q1 us-gaap Earnings Per Share Basic
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0.00
CY2023Q1 us-gaap Earnings Per Share Diluted
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0.17
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2023Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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1100000 shares
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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500000 shares
CY2023Q1 kos Accrued Exploration Development And Production Costs Current
AccruedExplorationDevelopmentAndProductionCostsCurrent
77455000 usd
CY2022Q4 kos Accrued Exploration Development And Production Costs Current
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80598000 usd
CY2023Q1 us-gaap Contract With Customer Liability Current
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CY2022Q4 us-gaap Asset Retirement Obligation Current
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1732000 usd
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10515000 usd
CY2022Q4 kos Accrued General And Administrative Expenses Current
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32069000 usd
CY2023Q1 us-gaap Interest Payable Current
InterestPayableCurrent
50658000 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
44740000 usd
CY2023Q1 us-gaap Accrued Income Taxes Current
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141782000 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
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127183000 usd
CY2023Q1 kos Accrual For All Other Taxes Current
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CY2022Q4 kos Accrual For All Other Taxes Current
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1524000 usd
CY2023Q1 kos Derivative Liability Settled Current
DerivativeLiabilitySettledCurrent
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CY2022Q4 kos Derivative Liability Settled Current
DerivativeLiabilitySettledCurrent
6440000 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
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7500000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
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4833000 usd
CY2023Q1 us-gaap Accrued Liabilities Current
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319801000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
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325206000 usd
CY2022Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
302534000 usd
CY2023Q1 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
2057000 usd
CY2023Q1 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
854000 usd
CY2023Q1 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
89000 usd
CY2023Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
6983000 usd
CY2023Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
310809000 usd
CY2023Q1 us-gaap Inventory Write Down
InventoryWriteDown
235000 usd
CY2022Q1 us-gaap Inventory Write Down
InventoryWriteDown
217000 usd
CY2023Q1 kos Loss On Asset Retirement Obligation Liabilities Settled
LossOnAssetRetirementObligationLiabilitiesSettled
115000 usd
CY2022Q1 kos Loss On Asset Retirement Obligation Liabilities Settled
LossOnAssetRetirementObligationLiabilitiesSettled
382000 usd
CY2023Q1 us-gaap Restructuring Charges
RestructuringCharges
0 usd
CY2022Q1 us-gaap Restructuring Charges
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CY2023Q1 us-gaap Other Nonoperating Gains Losses
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CY2022Q1 us-gaap Other Nonoperating Gains Losses
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CY2023Q1 us-gaap Other Nonoperating Income Expense
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CY2022Q1 us-gaap Other Nonoperating Income Expense
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CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
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CY2023Q1 us-gaap Revenues
Revenues
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CY2023Q1 us-gaap Other Operating Income Expense Net
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CY2023Q1 kos Revenue And Other Income
RevenueAndOtherIncome
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CY2023Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
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CY2023Q1 kos Facilities Insurance Modifications Expense Income
FacilitiesInsuranceModificationsExpenseIncome
0 usd
CY2023Q1 us-gaap Exploration Expense
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GeneralAndAdministrativeExpense
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CY2023Q1 us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
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CY2023Q1 kos Interest Expense Income Net
InterestExpenseIncomeNet
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CY2023Q1 kos Gain Loss On Commodity Derivative Instruments Net Pretax
GainLossOnCommodityDerivativeInstrumentsNetPretax
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CY2023Q1 us-gaap Other Nonoperating Income Expense
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CY2023Q1 us-gaap Costs And Expenses
CostsAndExpenses
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CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
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CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2023Q1 us-gaap Assets
Assets
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CY2022Q1 us-gaap Revenues
Revenues
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CY2022Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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CY2022Q1 kos Revenue And Other Income
RevenueAndOtherIncome
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CY2022Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
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CY2022Q1 us-gaap Exploration Expense
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CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2022Q1 us-gaap Results Of Operations Depreciation Depletion Amortization And Accretion
ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion
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CY2022Q1 kos Interest Expense Income Net
InterestExpenseIncomeNet
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CY2022Q1 kos Gain Loss On Commodity Derivative Instruments Net Pretax
GainLossOnCommodityDerivativeInstrumentsNetPretax
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CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2022Q1 us-gaap Costs And Expenses
CostsAndExpenses
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CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
12853000 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
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CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2022Q1 us-gaap Assets
Assets
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CY2023Q1 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
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CY2022Q1 us-gaap Payments To Acquire Oil And Gas Property And Equipment
PaymentsToAcquireOilAndGasPropertyAndEquipment
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CY2023Q1 kos Proceeds From Sale Of Oil And Gas Property And Equipment Including Amounts In Other Receivables
ProceedsFromSaleOfOilAndGasPropertyAndEquipmentIncludingAmountsInOtherReceivables
0 usd
CY2022Q1 kos Proceeds From Sale Of Oil And Gas Property And Equipment Including Amounts In Other Receivables
ProceedsFromSaleOfOilAndGasPropertyAndEquipmentIncludingAmountsInOtherReceivables
118222000 usd
CY2023Q1 kos Increase Decrease In Capital Accruals
IncreaseDecreaseInCapitalAccruals
1484000 usd
CY2022Q1 kos Increase Decrease In Capital Accruals
IncreaseDecreaseInCapitalAccruals
1689000 usd
CY2023Q1 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
10696000 usd
CY2022Q1 us-gaap Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
9475000 usd
CY2023Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
30203000 usd
CY2022Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
16139000 usd
CY2023Q1 kos Other Capital Expenditure Expense
OtherCapitalExpenditureExpense
771000 usd
CY2022Q1 kos Other Capital Expenditure Expense
OtherCapitalExpenditureExpense
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CY2023Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
206433000 usd
CY2022Q1 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
-17680000 usd

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