v3.25.4

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 91,518	$ 84,972
Receivables	103,472	164,959
Inventories	172,640	170,871
Prepaid expenses and other	12,428	16,414
Derivatives	47,816	8,916
Total current assets	427,874	446,132
Property and equipment, net	3,733,784	4,444,221
Other assets:
Restricted cash	26,226	305
Long-term receivables	458,793	385,463
Deferred tax assets	3,946	4,717
Derivatives	2,681	512
Other	43,322	27,638
Total assets	4,696,626	5,308,988
Current liabilities:
Accounts payable	202,555	349,994
Accrued liabilities	237,609	244,954
Current maturities of long-term debt	132,143	0
Total current liabilities	572,307	594,948
Long-term liabilities:
Long-term debt, net	2,920,616	2,744,712
Asset retirement obligations	327,016	406,886
Deferred tax liabilities	305,924	313,433
Other long-term liabilities	42,173	48,585
Total long-term liabilities	3,595,729	3,513,616
Stockholders’ equity:
Preference shares, $0.01 par value; 200,000,000 authorized shares; zero issued at December 31, 2025 and December 31, 2024	0	0
Common stock, $0.01 par value; 2,000,000,000 authorized shares; 522,590,223 and 516,158,749 issued at December 31, 2025 and December 31, 2024, respectively	5,226	5,162
Additional paid-in capital	2,542,627	2,514,739
Accumulated deficit	(1,782,256)	(1,082,470)
Treasury stock, at cost, 44,263,269 shares at December 31, 2025 and December 31, 2024, respectively	(237,007)	(237,007)
Total stockholders’ equity	528,590	1,200,424
Total liabilities and stockholders’ equity	$ 4,696,626	$ 5,308,988

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Kosmos Energy Ltd. 10-K