Devon Energy Corporation (DVN) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4642,4142,6731,9592,3101,4806,066
Cash and cash equivalents1,4642,4142,6731,9592,3101,4806,066
Receivables1,0138851,6701,3561,2522,4341,520
Derivative instruments and hedges, assets    431,993 
Disposal group, including discontinued operation896197 193   
Other current assets279941448264421544419
Other undisclosed current assets199    47 
Total current assets:3,8514,4374,7913,7724,0266,4988,005
Noncurrent Assets
Property, plant and equipment8,59313,93521,17116,19019,06836,29628,447
Oil and gas property, full cost method     78,490 
Intangible assets, net (including goodwill)7538412,3833,9645,0326,3035,858
Goodwill7538412,3833,9645,0326,3035,858
Disposal group, including discontinued operation, noncurrent assets81     
Other noncurrent assets1963531,8961,9871,4061,540567
Other undisclosed noncurrent assets243    (78,490) 
Total noncurrent assets:9,86615,12925,45022,14125,50644,13934,872
TOTAL ASSETS:13,71719,56630,24125,91329,53250,63742,877
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1581,5601,9991,5501,6692,593 
Accounts payable1,1581,5601,9991,5501,6692,593 
Debt 162115 9761,4324,066
Asset retirement obligation     6088
Disposal group, including discontinued operation45969     
Deferred tax liabilities    730 
Other liabilities3104351,2011,0666501,180574
Other undisclosed current liabilities     (60)1,927
Total current liabilities:1,9272,2263,3152,6163,2955,9356,655
Noncurrent Liabilities
Long-term debt and lease obligation4,5385,78510,29110,15412,1379,8307,956
Long-term debt, excluding current maturities4,2945,78510,29110,15412,1379,8307,956
Finance lease, liability240
Operating lease, liability4
Liabilities, other than long-term debt1,3322,3692,5312,7683,1118,5317,767
Asset retirement obligations3801,0301,1131,2261,3701,3392,140
Deferred tax liabilities, net8778356488886,2444,793
Deferred income tax liabilities341
Disposal group, including discontinued operation, liabilities185      
Other liabilities426462583894853948834
Total noncurrent liabilities:5,8708,15412,82212,92215,24818,36115,723
Total liabilities:7,79710,38016,13715,53818,54324,29622,378
Stockholders' equity
Stockholders' equity attributable to parent5,8029,1869,2545,9277,04921,53920,499
Common stock38455352424141
Treasury stock, value (22)     
Additional paid in capital2,7354,4867,3337,2374,9964,0883,780
Accumulated other comprehensive income (loss)(119)1,0271,1662842307791,268
Retained earnings (accumulated deficit)3,1483,650702(1,646)1,78116,63115,410
Stockholders' equity attributable to noncontrolling interest118 4,8504,4483,9404,802 
Total stockholders' equity:5,9209,18614,10410,37510,98926,34120,499
TOTAL LIABILITIES AND EQUITY:13,71719,56630,24125,91329,53250,63742,877

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6,22010,73413,94912,19713,14519,56610,397
Revenue, net8,64210,30412,64217,57710,588
Cost of revenue(2,812)(4,363)(7,730)(10,959)(11,966)(12,912)(3,821)
Cost of goods and services sold(2,812)(4,363)(7,730)(7,074)(8,524)(9,147)(3,821)
Gross profit:3,4086,3716,2191,2381,1796,6546,576
Operating expenses(569)(834)(1,114)(4,133)(21,906)(1,956)(9,776)
Other undisclosed operating income      3,821
Operating income (loss):2,8395,5375,105(2,895)(20,727)4,698621
Nonoperating income (expense)  132(78)(18)3,956(307)
Investment income, nonoperating    64,069(306)
Foreign currency transaction gain, before tax  132    
Other nonoperating expense   (78)(24)(113)(1)
Interest and debt expense(260)(635)(517)(911)(523)(536)(437)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(2,688)(3,982)(3,824)7 (4,059)272
Income (loss) from continuing operations before income taxes:(109)920896(3,877)(21,268)4,059149
Income tax expense (benefit)30(156)1821736,065(2,368)(169)
Income (loss) from continuing operations:(79)7641,078(3,704)(15,203)1,691(20)
Income (loss) from discontinued operations(274)2,460     
Net income (loss):(353)3,2241,078(3,704)(15,203)1,691(20)
Net income (loss) attributable to noncontrolling interest(2)(160)(180)402749(84) 
Net income (loss) attributable to parent:(355)3,064898(3,302)(14,454)1,607(20)
Other undisclosed net loss available to common stockholders, basic     (17)(2)
Net income (loss) available to common stockholders, basic:(355)3,064898(3,302)(14,454)1,590(22)
Other undisclosed net loss available to common stockholders, diluted  (10)(2)(5)  
Net income (loss) available to common stockholders, diluted:(355)3,064888(3,304)(14,459)1,590(22)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(353)3,2241,078(3,704)(15,203)1,691(20)
Other comprehensive income (loss)(1,146)(108)11254(549)(489) 
Comprehensive income (loss):(1,499)3,1161,190(3,650)(15,752)1,202(20)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(160)(180)402749(84) 
Other undisclosed comprehensive loss, net of tax, attributable to parent      (503)
Comprehensive income (loss), net of tax, attributable to parent:(1,501)2,9561,010(3,248)(15,003)1,118(523)

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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