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)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3142,0992,0471,4642,4142,673
Cash and cash equivalents1,3142,0992,0471,4642,4142,673
Receivables1,7671,7396831,0138851,670
Inventory, net of allowances, customer advances and progress billings201     
Inventory201     
Disposal group, including discontinued operation    896197 
Other current assets469352248279941448
Other undisclosed current assets14059282199  
Total current assets:3,8914,2493,2603,8514,4374,791
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization203211  ✕✕
Operating lease, right-of-use asset2124  ✕✕
Property, plant and equipment18,10615,0085,3938,59313,93521,171
Intangible assets, net (including goodwill)7537537537538412,383
Goodwill7537537537538412,383
Regulated entity, other noncurrent assets2630    
Disposal group, including discontinued operation, noncurrent assets    81  
Other noncurrent assets3073782831963531,896
Other undisclosed noncurrent assets414372223243  
Total noncurrent assets:19,83016,7766,6529,86615,12925,450
TOTAL ASSETS:23,72121,0259,91213,71719,56630,241
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,3651,9569041,1581,5601,999
Accounts payable2,3651,9569041,1581,5601,999
Debt251   162115
Disposal group, including discontinued operation    45969 
Other liabilities4891,1315363104351,201
Total current liabilities:3,1053,0871,4401,9272,2263,315
Noncurrent Liabilities
Long-term debt and lease obligation6,4386,7344,5444,5385,78510,291
Long-term debt, excluding current maturities6,1896,4824,2984,2945,78510,291
Finance lease, liability249247244240✕✕
Liabilities, other than long-term debt1,4191,5189091,3322,3692,531
Asset retirement obligations5114683583801,0301,113
Deferred tax liabilities, net✕✕✕✕✕877835
Deferred income tax liabilities    341✕✕
Disposal group, including discontinued operation, liabilities    185  
Other liabilities9001,050551426462583
Operating lease, liability8524✕✕
Other undisclosed noncurrent liabilities1,463287    
Total noncurrent liabilities:9,3208,5395,4535,8708,15412,822
Total liabilities:12,42511,6266,8937,79710,38016,137
Equity
Equity, attributable to parent11,1679,2622,8855,8029,1869,254
Common stock656638384553
Treasury stock, value    (22) 
Additional paid in capital6,9217,6362,7662,7354,4867,333
Accumulated other comprehensive income (loss)(116)(132)(127)(119)1,0271,166
Retained earnings4,2971,6922083,1483,650702
Equity, attributable to noncontrolling interest129137134118 4,850
Total equity:11,2969,3993,0195,9209,18614,104
TOTAL LIABILITIES AND EQUITY:23,72121,0259,91213,71719,56630,241

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues19,16912,2064,8286,22010,73413,949
Revenue, net✕✕✕✕✕✕8,642
Cost of revenue
(Cost of Goods and Services Sold)		    (2,812)(4,363)(7,730)
Gross profit:19,16912,2064,8283,4086,3716,219
Operating expenses(425)(535)(3,246)(569)(834)(1,114)
Other operating income (expense), net9(32)(14)   
Operating income:18,75311,6391,5682,8395,5375,105
Nonoperating income (expense)
(gain, Foreign Currency Transaction, before Tax)		      132
Interest and debt expense(381)(369)(259)(260)(635)(517)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (4,399)(2,688)(3,982)(3,824)
Income (loss) from continuing operations before equity method investments, income taxes:18,37211,270(3,090)(109)920896
Other undisclosed loss from continuing operations before income taxes(10,597)     
Income (loss) from continuing operations before income taxes:7,77511,270(3,090)(109)920896
Income tax expense (benefit)(1,738)(65)54730(156)182
Other undisclosed loss from continuing operations (22)(8,392)(9)   
Income (loss) from continuing operations:6,0152,813(2,552)(79)7641,078
Income (loss) before gain (loss) on sale of properties:✕✕2,813(2,680)(353)3,2241,078
Income (loss) from discontinued operations   (128)(274)2,460 
Other undisclosed net income 22209   
Net income (loss):6,0372,833(2,671)(353)3,2241,078
Net loss attributable to noncontrolling interest(22)(20)(9)(2)(160)(180)
Net income (loss) available to common stockholders, basic:6,0152,813(2,680)(355)3,064898
Other undisclosed net loss available to common stockholders, diluted      (10)
Net income (loss) available to common stockholders, diluted:6,0152,813(2,680)(355)3,064888

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):6,0372,833(2,671)(353)3,2241,078
Other comprehensive income (loss)16(5)(8)(1,146)(108)112
Comprehensive income (loss):6,0532,828(2,679)(1,499)3,1161,190
Comprehensive loss, net of tax, attributable to noncontrolling interest(22)(20)(9)(2)(160)(180)
Comprehensive income (loss), net of tax, attributable to parent:6,0312,808(2,688)(1,501)2,9561,010

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: