Devon Energy Corporation (DVN) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0992,0471,4642,4142,6731,9592,310
Cash and cash equivalents2,0992,0471,4642,4142,6731,9592,310
Receivables1,7396831,0138851,6701,3561,252
Derivative instruments and hedges, assets      43
Disposal group, including discontinued operation  896197 193 
Other current assets352248279941448264421
Other undisclosed current assets59282199    
Total current assets:4,2493,2603,8514,4374,7913,7724,026
Noncurrent Assets
Finance lease, right-of-use asset211  
Operating lease, right-of-use asset24  
Property, plant and equipment15,0085,3938,59313,93521,17116,19019,068
Intangible assets, net (including goodwill)7537537538412,3833,9645,032
Goodwill7537537538412,3833,9645,032
Regulated entity, other noncurrent assets30      
Disposal group, including discontinued operation, noncurrent assets  81    
Other noncurrent assets3782831963531,8961,9871,406
Other undisclosed noncurrent assets372223243    
Total noncurrent assets:16,7766,6529,86615,12925,45022,14125,506
TOTAL ASSETS:21,0259,91213,71719,56630,24125,91329,532
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9569041,1581,5601,9991,5501,669
Accounts payable1,9569041,1581,5601,9991,5501,669
Debt   162115 976
Disposal group, including discontinued operation  45969   
Other liabilities1,1315363104351,2011,066650
Total current liabilities:3,0871,4401,9272,2263,3152,6163,295
Noncurrent Liabilities
Long-term debt and lease obligation6,7344,5444,5385,78510,29110,15412,137
Long-term debt, excluding current maturities6,4824,2984,2945,78510,29110,15412,137
Finance lease, liability247244240
Operating lease, liability524
Liabilities, other than long-term debt1,5189091,3322,3692,5312,7683,111
Asset retirement obligations4683583801,0301,1131,2261,370
Deferred tax liabilities, net877835648888
Deferred income tax liabilities  341
Disposal group, including discontinued operation, liabilities  185    
Other liabilities1,050551426462583894853
Other undisclosed noncurrent liabilities287      
Total noncurrent liabilities:8,5395,4535,8708,15412,82212,92215,248
Total liabilities:11,6266,8937,79710,38016,13715,53818,543
Stockholders' equity
Stockholders' equity attributable to parent9,2622,8855,8029,1869,2545,9277,049
Common stock66383845535242
Treasury stock, value   (22)   
Additional paid in capital7,6362,7662,7354,4867,3337,2374,996
Accumulated other comprehensive income (loss)(132)(127)(119)1,0271,166284230
Retained earnings (accumulated deficit)1,6922083,1483,650702(1,646)1,781
Stockholders' equity attributable to noncontrolling interest137134118 4,8504,4483,940
Total stockholders' equity:9,3993,0195,9209,18614,10410,37510,989
TOTAL LIABILITIES AND EQUITY:21,0259,91213,71719,56630,24125,91329,532

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues12,2064,8286,22010,73413,94912,19713,145
Revenue, net8,64210,30412,642
Cost of revenue  (2,812)(4,363)(7,730)(10,959)(11,966)
Cost of goods and services sold  (2,812)(4,363)(7,730)(7,074)(8,524)
Gross profit:12,2064,8283,4086,3716,2191,2381,179
Operating expenses(535)(3,246)(569)(834)(1,114)(4,133)(21,906)
Other operating expense, net(32)(14)     
Operating income (loss):11,6391,5682,8395,5375,105(2,895)(20,727)
Nonoperating income (expense)    132(78)(18)
Investment income, nonoperating      6
Foreign currency transaction gain, before tax    132  
Other nonoperating expense     (78)(24)
Interest and debt expense(369)(259)(260)(635)(517)(911)(523)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (4,399)(2,688)(3,982)(3,824)7 
Income (loss) from continuing operations before income taxes:11,270(3,090)(109)920896(3,877)(21,268)
Income tax expense (benefit)(65)54730(156)1821736,065
Other undisclosed loss from continuing operations(8,392)(9)     
Income (loss) from continuing operations:2,813(2,552)(79)7641,078(3,704)(15,203)
Income (loss) from discontinued operations (128)(274)2,460   
Income (loss) before gain (loss) on sale of properties:2,813(2,680)(353)3,2241,078(3,704)(15,203)
Other undisclosed net income209     
Net income (loss):2,833(2,671)(353)3,2241,078(3,704)(15,203)
Net income (loss) attributable to noncontrolling interest(20)(9)(2)(160)(180)402749
Net income (loss) available to common stockholders, basic:2,813(2,680)(355)3,064898(3,302)(14,454)
Other undisclosed net loss available to common stockholders, diluted    (10)(2)(5)
Net income (loss) available to common stockholders, diluted:2,813(2,680)(355)3,064888(3,304)(14,459)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):2,833(2,671)(353)3,2241,078(3,704)(15,203)
Other comprehensive income (loss)(5)(8)(1,146)(108)11254(549)
Comprehensive income (loss):2,828(2,679)(1,499)3,1161,190(3,650)(15,752)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(20)(9)(2)(160)(180)402749
Comprehensive income (loss), net of tax, attributable to parent:2,808(2,688)(1,501)2,9561,010(3,248)(15,003)

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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