b'KOSMOS ENERGY LTD.Notes to Consolidated Financial Statements (Continued)17. Business Segment Information (Continued)Equatorial Mauritania/ United Corporate &Ghana Guinea Senegal States Other Eliminations Total(in thousands)Year ended December 31, 2016Revenues and other income:Oil and gas revenue . . . . . . . . . . . $ 310,377 $$$$$$ 310,377Gain on sale of assets . . . . . . . . . . Other income, net . . . . . . . . . . . . 7$ 227,101 (152,130) 74,978Total revenues and other income . . 310,384227,101 (152,130) 385,355Costs and expenses:Oil and gas production . . . . . . . . . 121,329(1,962)119,367Facilities insurance modifications, net . 14,96114,961Exploration expenses. . . . . . . . . . . 1,211 9 63,186137,874202,280General and administrative . . . . . . . 9,49021,530153,577 (96,974) 87,623Depletion and depreciation . . . . . . . 137,094973,213140,404Interest and other financing costs,net(1) . . . . . . . . . . . . . . . . . . 45,403(22,404)28,282 (7,134) 44,147Derivatives, net . . . . . . . . . . . . . . 48,02148,021Loss on equity method investments,net . . . . . . . . . . . . . . . . . . . . Other expenses, net . . . . . . . . . . . 67,7934542,890 (48,021) 23,116Total costs and expenses . . . . . . . 397,281 9 62,863371,895 (152,129) 679,919Income (loss) before income taxes . . . . (86,897) (9) (62,863)(144,794) (1) (294,564)Income tax expense (benefit) . . . . . . (19,866)9,082(10,784)Net income (loss) . . . . . . . . . . . . . . $ (67,031) $ (9) $(62,863) $$ (153,876) $ (1) $ (283,780)Consolidated capital expenditures. . . . . $ 221,294 $ 9 $283,442 $$ 139,765 $$ 644,510As of December 31, 2016Property and equipment, net . . . . . . . $2,129,873 $$529,071 $$ 49,948 $$2,708,892Total assets. . . . . . . . . . . . . . . . . . $2,484,497 $ (3) $551,250 $$8,205,043 $(7,899,322) $3,341,465(1) Interest expense is recorded based on actual third-party and intercompany debt agreements. Capitalized interest is recorded on thebusiness unit where the assets reside.150'