Devon Energy Corporation (DVN) Financial Statements (2024 and earlier)

Company Profile

Business Address 333 W. SHERIDAN AVENUE
OKLAHOMA CITY, OK 73102
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8531,3142,0992,0471,4642,414
Cash and cash equivalents8531,3142,0992,0471,4642,414
Receivables1,5731,7671,7396831,013885
Inventory, net of allowances, customer advances and progress billings249201    
Inventory249201    
Disposal group, including discontinued operation     896197
Other current assets460469352248279941
Other undisclosed current assets2214059282199 
Total current assets:3,1573,8914,2493,2603,8514,437
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization246203211  
Operating lease, right-of-use asset212124  
Property, plant and equipment19,32818,10615,0085,3938,59313,935
Intangible assets, net (including goodwill)753753753753753841
Goodwill753753753753753841
Regulated entity, other noncurrent assets302630   
Disposal group, including discontinued operation, noncurrent assets     81 
Other noncurrent assets319307378283196353
Other undisclosed noncurrent assets636414372223243 
Total noncurrent assets:21,33319,83016,7766,6529,86615,129
TOTAL ASSETS:24,49023,72121,0259,91213,71719,566
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9822,3651,9569041,1581,560
Accounts payable1,9822,3651,9569041,1581,560
Accrued liabilities      
Debt483251   162
Disposal group, including discontinued operation     45969
Other liabilities4844891,131536310435
Total current liabilities:2,9493,1053,0871,4401,9272,226
Noncurrent Liabilities
Long-term debt and lease obligation5,9586,4386,7344,5444,5385,785
Long-term debt, excluding current maturities5,6726,1896,4824,2984,2945,785
Finance lease, liability286249247244240
Liabilities, other than long-term debt1,5281,4191,5189091,3322,369
Asset retirement obligations6435114683583801,030
Deferred tax liabilities, net877
Deferred income tax liabilities     341
Disposal group, including discontinued operation, liabilities     185 
Other liabilities8769001,050551426462
Operating lease, liability98524
Other undisclosed noncurrent liabilities1,8381,463287   
Total noncurrent liabilities:9,3249,3208,5395,4535,8708,154
Total liabilities:12,27312,42511,6266,8937,79710,380
Equity
Equity, attributable to parent12,06111,1679,2622,8855,8029,186
Common stock646566383845
Treasury stock, value (13)    (22)
Additional paid in capital5,9396,9217,6362,7662,7354,486
Accumulated other comprehensive income (loss)(124)(116)(132)(127)(119)1,027
Retained earnings6,1954,2971,6922083,1483,650
Equity, attributable to noncontrolling interest156129137134118 
Total equity:12,21711,2969,3993,0195,9209,186
TOTAL LIABILITIES AND EQUITY:24,49023,72121,0259,91213,71719,566

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues15,25819,16912,2064,8286,22010,734
Cost of revenue
(Cost of Goods and Services Sold)
     (2,812)(4,363)
Gross profit:15,25819,16912,2064,8283,4086,371
Operating expenses(441)(425)(535)(3,246)(569)(834)
Other operating income (expense), net99(32)(14)  
Operating income:14,82618,75311,6391,5682,8395,537
Interest and debt expense(384)(381)(369)(259)(260)(635)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (4,399)(2,688)(3,982)
Income (loss) from continuing operations before equity method investments, income taxes:14,44218,37211,270(3,090)(109)920
Other undisclosed loss from continuing operations before income taxes(9,819)(10,597)    
Income (loss) from continuing operations before income taxes:4,6237,77511,270(3,090)(109)920
Income tax expense (benefit)(841)(1,738)(65)54730(156)
Other undisclosed loss from continuing operations (22)(8,392)(9)  
Income (loss) from continuing operations:3,7826,0152,813(2,552)(79)764
Income (loss) before gain (loss) on sale of properties:2,813(2,680)(353)3,224
Income (loss) from discontinued operations    (128)(274)2,460
Other undisclosed net income 22209  
Net income (loss):3,7826,0372,833(2,671)(353)3,224
Net loss attributable to noncontrolling interest(35)(22)(20)(9)(2)(160)
Net income (loss) available to common stockholders, diluted:3,7476,0152,813(2,680)(355)3,064

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):3,7826,0372,833(2,671)(353)3,224
Other comprehensive income (loss)(8)16(5)(8)(1,146)(108)
Comprehensive income (loss):3,7746,0532,828(2,679)(1,499)3,116
Comprehensive loss, net of tax, attributable to noncontrolling interest(35)(22)(20)(9)(2)(160)
Comprehensive income (loss), net of tax, attributable to parent:3,7396,0312,808(2,688)(1,501)2,956

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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