Devon Energy Corporation (DVN) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0471,4642,4142,6731,9592,3101,480
Cash and cash equivalents2,0471,4642,4142,6731,9592,3101,480
Receivables6831,0138851,6701,3561,2522,434
Derivative instruments and hedges, assets     431,993
Disposal group, including discontinued operation 896197 193  
Other current assets248279941448264421544
Other undisclosed current assets282199    47
Total current assets:3,2603,8514,4374,7913,7724,0266,498
Noncurrent Assets
Property, plant and equipment5,3938,59313,93521,17116,19019,06836,296
Oil and gas property, full cost method      78,490
Intangible assets, net (including goodwill)7537538412,3833,9645,0326,303
Goodwill7537538412,3833,9645,0326,303
Disposal group, including discontinued operation, noncurrent assets 81     
Other noncurrent assets2831963531,8961,9871,4061,540
Other undisclosed noncurrent assets223243    (78,490)
Total noncurrent assets:6,6529,86615,12925,45022,14125,50644,139
TOTAL ASSETS:9,91213,71719,56630,24125,91329,53250,637
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9041,1581,5601,9991,5501,6692,593
Accounts payable9041,1581,5601,9991,5501,6692,593
Debt  162115 9761,432
Asset retirement obligation      60
Disposal group, including discontinued operation 45969    
Deferred tax liabilities    730
Other liabilities5363104351,2011,0666501,180
Other undisclosed current liabilities      (60)
Total current liabilities:1,4401,9272,2263,3152,6163,2955,935
Noncurrent Liabilities
Long-term debt and lease obligation4,5444,5385,78510,29110,15412,1379,830
Long-term debt, excluding current maturities4,2984,2945,78510,29110,15412,1379,830
Finance lease, liability244240
Operating lease, liability24
Liabilities, other than long-term debt9091,3322,3692,5312,7683,1118,531
Asset retirement obligations3583801,0301,1131,2261,3701,339
Deferred tax liabilities, net8778356488886,244
Deferred income tax liabilities 341
Disposal group, including discontinued operation, liabilities 185     
Other liabilities551426462583894853948
Total noncurrent liabilities:5,4535,8708,15412,82212,92215,24818,361
Total liabilities:6,8937,79710,38016,13715,53818,54324,296
Stockholders' equity
Stockholders' equity attributable to parent2,8855,8029,1869,2545,9277,04921,539
Common stock38384553524241
Treasury stock, value  (22)    
Additional paid in capital2,7662,7354,4867,3337,2374,9964,088
Accumulated other comprehensive income (loss)(127)(119)1,0271,166284230779
Retained earnings (accumulated deficit)2083,1483,650702(1,646)1,78116,631
Stockholders' equity attributable to noncontrolling interest134118 4,8504,4483,9404,802
Total stockholders' equity:3,0195,9209,18614,10410,37510,98926,341
TOTAL LIABILITIES AND EQUITY:9,91213,71719,56630,24125,91329,53250,637

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,8286,22010,73413,94912,19713,14519,566
Revenue, net8,64210,30412,64217,577
Cost of revenue (2,812)(4,363)(7,730)(10,959)(11,966)(12,912)
Cost of goods and services sold (2,812)(4,363)(7,730)(7,074)(8,524)(9,147)
Gross profit:4,8283,4086,3716,2191,2381,1796,654
Operating expenses(3,246)(569)(834)(1,114)(4,133)(21,906)(1,956)
Other operating expense, net(14)      
Operating income (loss):1,5682,8395,5375,105(2,895)(20,727)4,698
Nonoperating income (expense)   132(78)(18)3,956
Investment income, nonoperating     64,069
Foreign currency transaction gain, before tax   132   
Other nonoperating expense    (78)(24)(113)
Interest and debt expense(259)(260)(635)(517)(911)(523)(536)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(4,399)(2,688)(3,982)(3,824)7 (4,059)
Income (loss) from continuing operations before income taxes:(3,090)(109)920896(3,877)(21,268)4,059
Income tax expense (benefit)54730(156)1821736,065(2,368)
Other undisclosed loss from continuing operations(9)      
Income (loss) from continuing operations:(2,552)(79)7641,078(3,704)(15,203)1,691
Income (loss) from discontinued operations(128)(274)2,460    
Income (loss) before gain (loss) on sale of properties:(2,680)(353)3,2241,078(3,704)(15,203)1,691
Other undisclosed net income9      
Net income (loss):(2,671)(353)3,2241,078(3,704)(15,203)1,691
Net income (loss) attributable to noncontrolling interest(9)(2)(160)(180)402749(84)
Net income (loss) attributable to parent:(2,680)(355)3,064898(3,302)(14,454)1,607
Other undisclosed net loss available to common stockholders, basic      (17)
Net income (loss) available to common stockholders, basic:(2,680)(355)3,064898(3,302)(14,454)1,590
Other undisclosed net loss available to common stockholders, diluted   (10)(2)(5) 
Net income (loss) available to common stockholders, diluted:(2,680)(355)3,064888(3,304)(14,459)1,590

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(2,671)(353)3,2241,078(3,704)(15,203)1,691
Other comprehensive income (loss)(8)(1,146)(108)11254(549)(489)
Comprehensive income (loss):(2,679)(1,499)3,1161,190(3,650)(15,752)1,202
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(9)(2)(160)(180)402749(84)
Comprehensive income (loss), net of tax, attributable to parent:(2,688)(1,501)2,9561,010(3,248)(15,003)1,118

Statements sources

The financial statements are based on the company's filings with the 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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