DEVON ENERGY CORP/DE

10-K & 10-Q Filings

Devon Energy Corporation is a Delaware corporation engaged in the exploration, development, and production of oil, natural gas, and natural gas liquids (NGLs) primarily in the United States. The company's business strategy is focused on delivering a consistently competitive shareholder return among its peer group by pursuing a proven and responsible operator approach, owning a premier, sustainable portfolio of assets, superior execution, and financial strength and flexibility. Devon's portfolio includes assets in the Delaware Basin, Eagle Ford, Anadarko Basin, Williston Basin, and Powder River Basin. The company's website is www.devonenergy.com, and its ticker symbol is DVN.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$11454.00
9502.00
10397.00
19566.00
13145.00
12197.00
13949.00
10734.00
6220.00
4828.00
12206.00
19169.00
15258.00
3823.00
3596.00
2.42%-5.94%Cost of Revenue (-)
$3567.00
3320.00
54.00
9147.00
8524.00
7074.00
7730.00
4363.00
2812.00
2013.00
4238.00
5780.00
4409.00
1105.00
1133.00
1.78%2.53%Gross Profit (+)
$7887.00
6182.00
6576.00
10419.00
4621.00
5123.00
6219.00
6371.00
3408.00
2815.00
7968.00
13389.00
10849.00
2718.00
2463.00
2.69%-9.38%Selling, General & Administrative (-)
$1009.00
1106.00
1078.00
1382.00
1243.00
920.00
872.00
650.00
475.00
338.00
391.00
395.00
408.00
106.00
114.00
-7.27%7.55%Depreciation & Amortization (-)
$2248.00
2811.00
2780.00
3319.00
3129.00
1792.00
2074.00
1658.00
1497.00
1300.00
2158.00
2223.00
2554.00
615.00
722.00
1.07%17.40%Non-recurring Operating Expenses (-)
$
2098.00
2030.00
1999.00
20898.00
5242.00
17.00
270.00
84.00
2742.00
258.00
Operating Expenses (-)
$3257.00
6015.00
9776.00
5721.00
25348.00
6125.00
3126.00
2492.00
2066.00
4546.00
2653.00
2603.00
2952.00
724.00
846.00
-0.82%16.85%Costs & Expenses (Total) (-)
$7164.00
9819.00
9830.00
14868.00
33872.00
15092.00
10856.00
6855.00
4878.00
6559.00
6891.00
8383.00
7361.00
1829.00
1979.00
0.23%8.20%Operating Income/Loss (+)
$4290.00
-317.00
621.00
4698.00
-20727.00
-2895.00
3093.00
3879.00
1342.00
-1731.00
5315.00
10786.00
7897.00
1994.00
1617.00
5.22%-18.91%Non-operating Income/Expense (+)
$891.00
615.00
-192.00
1876.00
479.00
-279.00
155.00
-1544.00
-658.00
118.00
64.00
-145.00
-15.50%-326.56%Interest Expense (-)
$352.00
406.00
498.00
594.00
250.00
270.00
329.00
309.00
308.00
72.00
76.00
-1.11%5.56%Earnings before Tax (+)
$4290.00
-317.00
149.00
4059.00
-21268.00
-3877.00
896.00
920.00
-109.00
-3090.00
2898.00
7775.00
4623.00
1224.00
768.00
0.62%-37.25%Tax Expense (-)
$2156.00
-132.00
169.00
2368.00
-6065.00
-173.00
-182.00
156.00
-30.00
-547.00
65.00
1738.00
841.00
221.00
159.00
-7.55%-28.05%Income/Loss (Continuing Operations) (+)
$2134.00
-185.00
-20.00
1691.00
-15203.00
-3704.00
1078.00
764.00
-79.00
-2543.00
2833.00
6037.00
3782.00
1003.00
609.00
4.88%-39.28%Income/Loss (Discontinued Operations) (+)
$2570.00
-21.00
2460.00
-274.00
-128.00
Profit/Loss (+)
$
1691.00
-15203.00
-3704.00
1078.00
3224.00
-353.00
-2671.00
2833.00
6037.00
3782.00
1003.00
609.00
-39.28%Net Income/Loss (NCI) (-)
$
84.00
-749.00
-402.00
180.00
160.00
2.00
9.00
20.00
22.00
35.00
8.00
13.00
62.50%Net Income/Loss (+)
$4704.00
-206.00
-20.00
1607.00
-14454.00
-3302.00
898.00
3064.00
-355.00
-2680.00
2813.00
6015.00
3747.00
995.00
596.00
-1.88%-40.10%Net Income/Loss (Common) (+)
$4704.00
-206.00
-20.00
1607.00
-14454.00
-3302.00
898.00
3064.00
-355.00
-2680.00
2813.00
6015.00
3747.00
995.00
596.00
-1.88%-40.10%EPS (Basic)
$11.29
-0.52
-0.06
3.93
-35.55
-6.52
1.71
6.14
-0.89
-7.12
4.20
9.15
5.86
1.53
0.95
-5.32%-37.91%EPS (Diluted)
$11.25
-0.52
-0.06
3.91
-35.55
-6.52
1.70
6.10
-0.89
-7.12
4.19
9.12
5.84
1.53
0.94
-5.32%-38.56%Weighted Avg Shares (Basic)
404.10
406.00
407.40
411.10
441.30
524.60
526.10
438.30
382.90
673.10
664.20
654.00
635.00
641.70
632.00
3.84%-1.51%Cash
$
4637.00
6066.00
1480.00
2310.00
1959.00
2673.00
2414.00
1464.00
2237.00
2271.00
1454.00
875.00
887.00
1149.00
29.54%Short-term Investments
$1503.00
2343.00
Receivables
$1379.00
1245.00
1520.00
1959.00
1105.00
1356.00
1670.00
885.00
832.00
601.00
1543.00
1767.00
1573.00
1615.00
1670.00
1.10%3.41%Inventory
$
201.00
249.00
212.00
234.00
10.38%Other Assets (Current)
$6423.00
746.00
419.00
3059.00
611.00
457.00
448.00
1138.00
1555.00
422.00
435.00
469.00
460.00
475.00
345.00
-19.72%-27.37%Assets (Current)
$9305.00
8971.00
8005.00
6498.00
4026.00
3772.00
4791.00
4437.00
3851.00
3260.00
4249.00
3891.00
3157.00
3189.00
3398.00
-8.61%6.55%Securities & Long-term Investments
$
402.00
440.00
666.00
469.00
713.00
52.03%Property, Plant & Equipment (Net)
$24774.00
27316.00
28447.00
36296.00
19068.00
16190.00
21171.00
13935.00
8593.00
5393.00
15008.00
18106.00
19328.00
18515.00
19584.00
-2.05%5.77%Accumulated Depreciation
$46002.00
51032.00
54534.00
51889.00
72086.00
73350.00
Goodwill & Intangibles
$6013.00
6079.00
5858.00
6303.00
5032.00
3964.00
2383.00
841.00
753.00
753.00
753.00
753.00
753.00
753.00
753.00
-15.90%0.00%Other Assets
$66703.00
73678.00
77353.00
80030.00
82180.00
81072.00
1896.00
353.00
520.00
506.00
613.00
531.00
586.00
494.00
530.00
-32.60%7.29%Assets (Non-current)
$31812.00
34355.00
34872.00
44139.00
25506.00
22141.00
25450.00
15129.00
9866.00
6652.00
16776.00
19830.00
21333.00
20231.00
21580.00
-3.28%6.67%Assets (Total)
$41117.00
43326.00
42877.00
50637.00
29532.00
25913.00
30241.00
19566.00
13717.00
9912.00
21025.00
23721.00
24490.00
23420.00
24978.00
-4.23%6.65%Accounts Payable
$1471.00
1451.00
1229.00
1400.00
906.00
642.00
819.00
662.00
428.00
242.00
500.00
859.00
760.00
935.00
1068.00
-5.35%14.22%Debt (Current)
$3811.00
3189.00
4066.00
1432.00
976.00
115.00
162.00
251.00
483.00
247.00
479.00
-15.81%93.93%Other Liabilities (Current)
$1456.00
1363.00
1360.00
3103.00
1413.00
1974.00
2381.00
1402.00
1499.00
1198.00
2587.00
1995.00
1706.00
1749.00
1719.00
1.33%-1.72%Liabilities (Current)
$6738.00
6003.00
6655.00
5935.00
3295.00
2616.00
3315.00
2226.00
1927.00
1440.00
3087.00
3105.00
2949.00
2931.00
3266.00
-6.65%11.43%Debt (Non-current)
$5969.00
8455.00
7956.00
9830.00
12137.00
10154.00
10291.00
5785.00
4294.00
4298.00
6482.00
6189.00
5672.00
6175.00
5668.00
-0.42%-8.21%Other Liabilities
$6980.00
7590.00
7767.00
8531.00
3111.00
2768.00
2531.00
2369.00
1576.00
1155.00
2057.00
3131.00
3652.00
3211.00
3703.00
-5.26%15.32%Liabilities (Non-current)
$12949.00
16045.00
15723.00
18361.00
15248.00
12922.00
12822.00
8154.00
5870.00
5453.00
8539.00
9320.00
9324.00
9386.00
9371.00
-2.70%-0.16%Liabilities (Total)
$19687.00
22048.00
22378.00
24296.00
18543.00
15538.00
16137.00
10380.00
7797.00
6893.00
11626.00
12425.00
12273.00
12317.00
12637.00
-3.86%2.60%Treasury Stock
$
22.00
13.00
28.00
Retained Earnings
$16308.00
15778.00
15410.00
16631.00
1781.00
-1646.00
702.00
3650.00
3148.00
208.00
1692.00
4297.00
6195.00
4712.00
6509.00
-7.75%38.14%AOCI
$1575.00
1771.00
1268.00
779.00
230.00
284.00
1166.00
1027.00
-119.00
-127.00
-132.00
-116.00
-124.00
-115.00
-123.00
-6.96%Shareholder's Equity
$21430.00
21278.00
20499.00
26341.00
10989.00
10375.00
14104.00
9186.00
5920.00
3019.00
9399.00
11296.00
12217.00
11103.00
12341.00
-4.58%11.15%Liabilities & Equity
$41117.00
43326.00
42877.00
50637.00
29532.00
25913.00
30241.00
19566.00
13717.00
9912.00
21025.00
23721.00
24490.00
23420.00
24978.00
-4.23%6.65%Net Income/Loss
$4704.00
-206.00
-20.00
1691.00
-15203.00
-3704.00
1078.00
3224.00
-353.00
-2671.00
2833.00
6037.00
3782.00
1003.00
609.00
-1.80%-39.28%Depreciation & Amortization
$2248.00
2811.00
2780.00
3319.00
3129.00
1792.00
2074.00
1658.00
1497.00
1300.00
2131.00
2192.00
2538.00
608.00
722.00
1.02%18.75%Increase/Decrease in Working Capital
$275.00
-19.00
127.00
292.00
22.00
-27.00
19.00
143.00
82.00
95.00
116.00
226.00
144.00
-12.00
-170.00
-5.25%-1316.67%Share-based Compensation
$
194.00
198.00
161.00
115.00
88.00
99.00
88.00
93.00
23.00
24.00
4.35%Adjustments to Reconcile Net Income
$1520.00
5115.00
5456.00
4290.00
20586.00
5450.00
1831.00
-996.00
2396.00
4135.00
2066.00
2493.00
2762.00
674.00
1129.00
5.10%67.51%Net Cash (Operating)
$6224.00
4956.00
5436.00
5981.00
5383.00
1746.00
2909.00
2228.00
2043.00
1464.00
4899.00
8530.00
6544.00
1677.00
1738.00
0.42%3.64%Capital Expenditure
$7405.00
6757.00
6339.00
8330.00
6308.00
853.00
2198.00
1493.00
1551.00
1119.00
1556.00
2540.00
3825.00
983.00
866.00
-5.36%-11.90%Net Cash (Investing)
$-5646.00
-7526.00
-3999.00
-8184.00
-6324.00
-872.00
-2210.00
-1493.00
-1551.00
-1127.00
-1574.00
-5123.00
-3942.00
-1033.00
-921.00
10.84%Increase/Decrease in Debt
$4187.00
-537.00
-1872.00
-7574.00
-2941.00
-5035.00
-2368.00
-922.00
-162.00
-1243.00
-242.00
Increase/Decrease in Equity
$-2332.00
679.00
2361.00
501.00
-2956.00
-1849.00
-38.00
-589.00
-718.00
-979.00
-517.00
-205.00
60.35%Dividends Paid
$278.00
324.00
348.00
386.00
396.00
221.00
127.00
149.00
140.00
257.00
1315.00
3379.00
1858.00
596.00
299.00
17.15%-49.83%Net Cash (Financing)
$1691.00
1629.00
20.00
-2354.00
1848.00
-1164.00
9.00
-4386.00
-2061.00
-306.00
-3292.00
-4213.00
-3184.00
-1211.00
-541.00
55.33%Effect of Exchange Rate
$-4.00
23.00
-28.00
-29.00
-77.00
-61.00
6.00
206.00
45.00
-9.00
-11.00
3.00
-2.00
Increase/Decrease in Cash
$2265.00
-918.00
1429.00
-4586.00
830.00
-351.00
714.00
-238.00
-2171.00
424.00
34.00
-817.00
-579.00
-567.00
274.00
148.32%Cash (Beginning)
$3290.00
5555.00
4637.00
6066.00
1480.00
2310.00
1959.00
2684.00
2446.00
1844.00
2237.00
2271.00
1454.00
1454.00
875.00
-6.58%-39.82%Cash (Ending)
$5555.00
4637.00
6066.00
1480.00
2310.00
1959.00
2673.00
2446.00
1844.00
2237.00
2271.00
1454.00
875.00
1648.00
1149.00
-14.27%-30.28%NOPAT
$6446.00
-449.00
-83.36
1957.21
-26637.72
-3024.18
3721.27
4536.74
972.64
-2037.43
5195.79
8374.93
6460.41
1633.97
1282.23
0.02%-21.53%Gross Margin %
68.86%
65.06%
63.25%
53.25%
35.15%
42.00%
44.58%
59.35%
54.79%
58.31%
65.28%
69.85%
71.10%
71.10%
68.49%
Operating Margin %
37.45%
-3.34%
5.97%
24.01%
-157.68%
-23.74%
22.17%
36.14%
21.58%
-35.85%
43.54%
56.27%
51.76%
52.16%
44.97%
NOPAT Margin %
56.28%
-4.73%
-0.80%
10.00%
-202.65%
-24.79%
26.68%
42.27%
15.64%
-42.20%
42.57%
43.69%
42.34%
42.74%
35.66%
Net Margin %
41.07%
-2.17%
-0.19%
8.21%
-109.96%
-27.07%
6.44%
28.54%
-5.71%
-55.51%
23.05%
31.38%
24.56%
26.03%
16.57%
Tax Rate %
-50.26%
-41.64%
113.42%
58.34%
-28.52%
-4.46%
-20.31%
-16.96%
27.52%
-17.70%
2.24%
22.35%
18.19%
18.06%
20.70%
ROA
15.68%
-1.04%
-0.19%
3.87%
-90.20%
-11.67%
12.31%
23.19%
7.09%
-20.56%
24.71%
35.31%
26.38%
6.98%
5.13%
ROE
30.08%
-2.11%
-0.41%
7.43%
-242.40%
-29.15%
26.38%
49.39%
16.43%
-67.49%
55.28%
74.14%
52.88%
14.72%
10.39%
ROIC
20.94%
-1.34%
-0.24%
4.54%
-106.95%
-14.33%
15.12%
29.51%
10.11%
-31.89%
31.05%
41.00%
30.52%
8.31%
6.20%
Asset Turnover
0.28
0.22
0.24
0.39
0.45
0.47
0.46
0.55
0.45
0.49
0.58
0.81
0.62
0.16
0.14
Inventory Turnover
28.76
17.71
5.21
4.84
Equity Multiplier
1.92
2.04
2.09
1.92
2.69
2.50
2.14
2.13
2.32
3.28
2.24
2.10
2.00
2.11
2.02
Current Ratio
1.38
1.49
1.20
1.09
1.22
1.44
1.45
1.99
2.00
2.26
1.38
1.25
1.07
1.09
1.04
Quick Ratio
0.43
1.37
1.14
0.58
1.04
1.27
1.31
1.48
1.19
1.97
1.24
1.04
0.83
0.85
0.86
Debt/Equity Ratio
0.46
0.55
0.59
0.43
1.19
0.98
0.74
0.65
0.73
1.42
0.69
0.57
0.50
0.58
0.50
Working Capital/Sales
0.01
0.06
0.02
0.06
0.08
0.08
0.06
0.04
0.05
0.08
0.08
0.07
0.10
0.09
Dividend Payout Ratio %
4.31%
72.16%
417.49%
19.72%
1.49%
7.31%
3.41%
3.28%
14.39%
12.61%
25.31%
40.35%
28.76%
36.48%
23.32%
Total Payout
$-1577.00
861.00
2220.00
7960.00
2658.00
2895.00
1994.00
4027.00
2151.00
295.00
3147.00
4097.00
3079.00
1113.00
504.00
-54.72%Payout Ratio %
-24.46%
191.76%
2663.29%
406.70%
9.98%
95.73%
53.58%
88.76%
221.15%
14.48%
60.57%
48.92%
47.66%
68.12%
39.31%