10-Q Filing

KOSMOS ENERGY LTD. CIK: 1509991 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001104659-13-039374`
Period End Date	20130331
Filing Date	20130509
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	kos-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 40 Cash Flow Statement 55 Stockholders Equity 9 Comprehensive Income 8

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Deferred financing costs, accumulated amortization (in dollars)	`AccumulatedAmortizationOfDeferredFinanceCostsAndOtherAssets`	$16.62M	USD	Point-in-time
Deferred financing costs, accumulated amortization (in dollars)	`AccumulatedAmortizationOfDeferredFinanceCostsAndOtherAssets`	$13.92M	USD	Point-in-time
Preference shares, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preference shares, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$745.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$673.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$497.29M	USD	Point-in-time
Preference shares, authorized shares	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Preference shares, authorized shares	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$515.16M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$20.45M	USD	Point-in-time
Preference shares, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$21.34M	USD	Point-in-time
Preference shares, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common shares, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common shares, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Joint interest billings	`OilAndGasJointInterestBillingReceivablesCurrent`	$27.75M	USD	Point-in-time
Common shares, authorized shares	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Common shares, authorized shares	`CommonStockSharesAuthorized`	2.00B	shares	Point-in-time
Joint interest billings	`OilAndGasJointInterestBillingReceivablesCurrent`	$21.54M	USD	Point-in-time
Common shares, issued shares	`CommonStockSharesIssued`	391.45M	shares	Point-in-time
Oil sales	`AccountsReceivableNetCurrent`	$109.00M	USD	Point-in-time
Common shares, issued shares	`CommonStockSharesIssued`	391.42M	shares	Point-in-time
Oil sales	`AccountsReceivableNetCurrent`	$106.71M	USD	Point-in-time
Other	`OtherReceivablesNetCurrent`	$3.68M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.86M	shares	Point-in-time
Other	`OtherReceivablesNetCurrent`	$2.81M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.73M	shares	Point-in-time
Inventories	`InventoryNet`	$30.12M	USD	Point-in-time
Inventories	`InventoryNet`	$33.28M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$10.77M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$10.47M	USD	Point-in-time
Current deferred tax assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$27.81M	USD	Point-in-time
Current deferred tax assets	`DeferredTaxAssetsLiabilitiesNetCurrent`	$34.59M	USD	Point-in-time
Derivatives	`DerivativeAssetsCurrent`	$1.06M	USD	Point-in-time
Derivatives	`DerivativeAssetsCurrent`	$3.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$750.12M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$726.91M	USD	Point-in-time
Oil and gas properties, net	`OilAndGasPropertySuccessfulEffortMethodNet`	$1.53B	USD	Point-in-time
Oil and gas properties, net	`OilAndGasPropertySuccessfulEffortMethodNet`	$1.51B	USD	Point-in-time
Other property, net	`PropertyPlantAndEquipmentOtherNet`	$15.45M	USD	Point-in-time
Other property, net	`PropertyPlantAndEquipmentOtherNet`	$15.05M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.54B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.53B	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$29.88M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$29.88M	USD	Point-in-time
Deferred financing costs, net of accumulated amortization of $16,619 and $13,922, respectively	`DeferredFinanceCostsNoncurrentNet`	$47.48M	USD	Point-in-time
Deferred financing costs, net of accumulated amortization of $16,619 and $13,922, respectively	`DeferredFinanceCostsNoncurrentNet`	$50.21M	USD	Point-in-time
Long-term deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$10.14M	USD	Point-in-time
Long-term deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$12.09M	USD	Point-in-time
Total assets	`Assets`	$2.37B	USD	Point-in-time
Total assets	`Assets`	$2.36B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$128.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$48.78M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$58.34M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$41.02M	USD	Point-in-time
Derivatives	`DerivativeLiabilitiesCurrent`	$20.38M	USD	Point-in-time
Derivatives	`DerivativeLiabilitiesCurrent`	$18.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$190.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$125.13M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.00B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.00B	USD	Point-in-time
Derivatives	`DerivativeLiabilitiesNoncurrent`	$3.79M	USD	Point-in-time
Derivatives	`DerivativeLiabilitiesNoncurrent`	$3.23M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$29.96M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$27.48M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$113.58M	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$104.14M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$18.73M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$12.12M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.17B	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$1.15B	USD	Point-in-time
Preference shares, $0.01 par value; 200,000,000 authorized shares; zero issued at March 31, 2013 and December 31, 2012	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.01 par value; 200,000,000 authorized shares; zero issued at March 31, 2013 and December 31, 2012	`PreferredStockValue`	-	USD	Point-in-time
Common shares, $0.01 par value; 2,000,000,000 authorized shares; 391,447,003 and 391,423,703 issued at March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$3.91M	USD	Point-in-time
Common shares, $0.01 par value; 2,000,000,000 authorized shares; 391,447,003 and 391,423,703 issued at March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$3.91M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.73B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.71B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-663.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-683.18M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax`	$3.33M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax`	$3.69M	USD	Point-in-time
Treasury stock, at cost, 2,860,229 and 2,731,941 shares at March 31, 2013 and December 31, 2012, respectively	`TreasuryStockValue`	$8.40M	USD	Point-in-time
Treasury stock, at cost, 2,860,229 and 2,731,941 shares at March 31, 2013 and December 31, 2012, respectively	`TreasuryStockValue`	$8.48M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.03B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.07B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.36B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.37B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Oil and gas revenue	`OilAndGasSalesRevenue`	$228.07M	USD	1 Quarter
Oil and gas revenue	`OilAndGasSalesRevenue`	$115.77M	USD	1 Quarter
Interest income	`OtherNonoperatingIncome`	$746.00K	USD	1 Quarter
Interest income	`OtherNonoperatingIncome`	$70.00K	USD	1 Quarter
Other income	`OtherSalesRevenueNet`	$254.00K	USD	1 Quarter
Other income	`OtherSalesRevenueNet`	$30.00K	USD	1 Quarter
Total revenues and other income	`Revenues`	$116.55M	USD	1 Quarter
Total revenues and other income	`Revenues`	$228.39M	USD	1 Quarter
Oil and gas production	`OilAndGasProductionExpense`	$7.33M	USD	1 Quarter
Oil and gas production	`OilAndGasProductionExpense`	$24.40M	USD	1 Quarter
Exploration expenses	`ExplorationExpense`	$23.30M	USD	1 Quarter
Exploration expenses	`ExplorationExpense`	$39.64M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$39.32M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$40.03M	USD	1 Quarter
Depletion and depreciation	`ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion`	$58.65M	USD	1 Quarter
Depletion and depreciation	`ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion`	$31.65M	USD	1 Quarter
Amortization-deferred financing costs	`AmortizationOfFinancingCosts`	$2.70M	USD	1 Quarter
Amortization-deferred financing costs	`AmortizationOfFinancingCosts`	$2.19M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.99M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.06M	USD	1 Quarter
Derivatives, net	`GainLossOnCommodityDerivativeInstrumentsNetPretax`	$-3.86M	USD	1 Quarter
Derivatives, net	`GainLossOnCommodityDerivativeInstrumentsNetPretax`	$-5.51M	USD	1 Quarter
Other expenses, net	`NonoperatingIncomeExpense`	$-632.00K	USD	1 Quarter
Other expenses, net	`NonoperatingIncomeExpense`	$-748.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$137.80M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$164.21M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$64.19M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-21.25M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$16.29M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$44.09M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-37.54M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$20.09M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.10	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.10	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	375.28M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	369.23M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	375.65M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	369.23M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-37.54M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$20.09M	USD	1 Quarter
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$33.84M	USD	1 Quarter
Depletion, depreciation and amortization	`DepreciationDepletionAndAmortization`	$61.35M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$7.71M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$20.91M	USD	1 Quarter
Unsuccessful well costs	`ResultsOfOperationsDryHoleCosts`	$9.75M	USD	1 Quarter
Unsuccessful well costs	`ResultsOfOperationsDryHoleCosts`	$8.27M	USD	1 Quarter
Change in fair value of derivatives	`UnrealizedGainLossOnDerivatives`	$-2.04M	USD	1 Quarter
Change in fair value of derivatives	`UnrealizedGainLossOnDerivatives`	$-534.00K	USD	1 Quarter
Cash settlements on derivatives	`CashSettlementsOnDerivatives`	$2.42M	USD	1 Quarter
Cash settlements on derivatives	`CashSettlementsOnDerivatives`	$4.85M	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$21.29M	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$18.94M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-3.10M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.40M	USD	1 Quarter
(Increase) decrease in receivables	`IncreaseDecreaseInReceivables`	$2.38M	USD	1 Quarter
(Increase) decrease in receivables	`IncreaseDecreaseInReceivables`	$-182.52M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-3.64M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$5.70M	USD	1 Quarter
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$298.00K	USD	1 Quarter
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$213.00K	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-72.19M	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-80.07M	USD	1 Quarter
Increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$17.86M	USD	1 Quarter
Increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$4.19M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$66.87M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$144.90M	USD	1 Quarter
Oil and gas assets	`PaymentsToAcquireOilAndGasPropertyAndEquipment`	$68.07M	USD	1 Quarter
Oil and gas assets	`PaymentsToAcquireOilAndGasPropertyAndEquipment`	$83.49M	USD	1 Quarter
Other property	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$3.11M	USD	1 Quarter
Other property	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$814.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-72.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-886.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-71.11M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-83.42M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$82.00K	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	$1.24M	USD	1 Quarter
Deferred financing costs	`PaymentsOfFinancingCosts`	$1.60M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.32M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.60M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$72.20M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-17.88M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$745.29M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$673.09M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$497.29M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$515.16M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$745.29M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$673.09M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$497.29M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$515.16M	USD	Point-in-time
Interest	`InterestPaid`	$6.58M	USD	1 Quarter
Interest	`InterestPaid`	$10.18M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$5.01M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$4.30M	USD	1 Quarter

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$1.03B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.07B	USD	Point-in-time
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$18.94M	USD	1 Quarter
Derivatives, net	`OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax`	$-359.00K	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$82.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-37.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.09M	USD	1 Quarter
Balance	`StockholdersEquity`	$1.03B	USD	Point-in-time
Balance	`StockholdersEquity`	$1.07B	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-37.54M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$20.09M	USD	1 Quarter
Reclassification adjustments for derivative (gains) losses included in net income (loss)	`OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax`	$-359.00K	USD	1 Quarter
Reclassification adjustments for derivative (gains) losses included in net income (loss)	`OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax`	$214.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$214.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-359.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-37.33M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$19.73M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.