F-5
Cobalt International Energy, Inc.
Consolidated Balance Sheets
December 31,
2015
December 31,
2014
($ in thousands, except
per share data)
Assets
Current assets:
Cash and cash equivalents ............................................................................................... $
71,593 $
246,704
Restricted cash and cash equivalents ...............................................................................
252,950
—
Joint interest and other receivables..................................................................................
54,709
13,575
Prepaid expenses and other current assets .......................................................................
43,881
3,842
Inventory..........................................................................................................................
26,113
35,093
Short-term investments....................................................................................................
885,994
1,530,206
Current assets held for sale ..............................................................................................
1,811,051
173,714
Total current assets................................................................................................................
3,146,291
2,003,134
Property, plant, and equipment:
Oil and gas properties, successful efforts method of accounting, net of accumulated
depletion of $-0- ...........................................................................................................
893,734
711,238
Other property and equipment, net of accumulated depreciation and amortization of
$6,647 and $5,245, as of December 31, 2015 and 2014, respectively..........................
2,202
3,416
Total property, plant, and equipment, net .............................................................................
895,936
714,654
Long-term investments ....................................................................................................
—
326,047
Deferred income taxes .....................................................................................................
—
30,334
Other assets......................................................................................................................
51,876
49,032
Long-term assets held for sale .........................................................................................
—
1,327,661
Total assets............................................................................................................................ $
4,094,103 $
4,450,862
Liabilities and Stockholders' Equity
Current liabilities:
Trade and other accounts payable.................................................................................... $
856 $
70
Accrued liabilities............................................................................................................
126,323
98,016
Deferred Angola sales proceeds ......................................................................................
250,000
—
Deferred income taxes .....................................................................................................
—
30,334
Current liabilities held for sale ........................................................................................
250,839
175,180
Total current liabilities ..........................................................................................................
628,018
303,600
Long-term debt ................................................................................................................
2,014,779
1,928,528
Asset retirement obligations ............................................................................................
3,167
—
Other long-term liabilities................................................................................................
2,002
2,172
Long-term liabilities held for sale....................................................................................
—
102,296
Total long-term liabilities......................................................................................................
2,019,948
2,032,996
Stockholders' Equity:
Common stock, $0.01 par value per share; 2,000,000,000 shares authorized
408,740,182 and 408,505,079 issued and outstanding as of December 31, 2015
and 2014, respectively ..................................................................................................
4,088
4,085
Additional paid-in capital......................................................................................................
4,164,097
4,137,803
Accumulated deficit ..............................................................................................................
(2,722,048)
(2,027,622)
Total stockholders' equity .....................................................................................................
1,446,137
2,114,266
Total liabilities and stockholders' equity............................................................................... $
4,094,103 $
4,450,862
See accompanying notes.
