$DVN
DEVON ENERGY CORP/DE

2023 Q4 Form 10-Q Financial Statement

#000095017023060838 Filed on November 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $4.145B $3.836B
YoY Change -3.58% -29.38%
Cost Of Revenue $1.852B $1.917B
YoY Change -4.83% -15.18%
Gross Profit $2.293B $1.919B
YoY Change -2.55% -39.5%
Gross Profit Margin 55.32% 50.03%
Selling, General & Admin $111.0M $99.00M
YoY Change -9.02% 4.21%
% of Gross Profit 4.84% 5.16%
Research & Development $4.000M $3.000M
YoY Change -69.23% -25.0%
% of Gross Profit 0.17% 0.16%
Depreciation & Amortization $650.0M $651.0M
YoY Change 4.0% 12.05%
% of Gross Profit 28.35% 33.92%
Operating Expenses $765.0M $753.0M
YoY Change 0.66% 10.74%
Operating Profit $1.528B $1.166B
YoY Change -4.08% -53.21%
Interest Expense -$75.00M -$81.00M
YoY Change -2.6% 20.9%
% of Operating Profit -4.91% -6.95%
Other Income/Expense, Net -$12.00M -$12.00M
YoY Change -250.0% -126.09%
Pretax Income $1.430B $1.072B
YoY Change -7.92% -56.51%
Income Tax $269.0M $152.0M
% Of Pretax Income 18.81% 14.18%
Net Earnings $1.152B $910.0M
YoY Change -3.52% -51.93%
Net Earnings / Revenue 27.79% 23.72%
Basic Earnings Per Share $1.43
Diluted Earnings Per Share $1.80 $1.42
COMMON SHARES
Basic Shares Outstanding 640.7M 640.7M
Diluted Shares Outstanding 639.0M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $875.0M $761.0M
YoY Change -39.82% -41.91%
Cash & Equivalents $853.0M $654.0M
Short-Term Investments
Other Short-Term Assets $460.0M $365.0M
YoY Change -1.92% -42.79%
Inventory $249.0M $233.0M
Prepaid Expenses
Receivables $1.573B $1.853B
Other Receivables $22.00M $28.00M
Total Short-Term Assets $3.157B $3.212B
YoY Change -18.86% -19.88%
LONG-TERM ASSETS
Property, Plant & Equipment $19.33B $19.03B
YoY Change 6.75% 6.96%
Goodwill $753.0M $753.0M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $666.0M $671.0M
YoY Change 51.36% 55.68%
Other Assets $319.0M $313.0M
YoY Change 3.91% -7.67%
Total Long-Term Assets $21.33B $21.03B
YoY Change 7.58% 7.58%
TOTAL ASSETS
Total Short-Term Assets $3.157B $3.212B
Total Long-Term Assets $21.33B $21.03B
Total Assets $24.49B $24.24B
YoY Change 3.24% 2.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $760.0M $812.0M
YoY Change -11.53% 6.7%
Accrued Expenses $12.00M $9.000M
YoY Change -7.69% -47.06%
Deferred Revenue
YoY Change
Short-Term Debt $483.0M $487.0M
YoY Change 92.43% 90.98%
Long-Term Debt Due $483.0M $487.0M
YoY Change 92.43% 90.98%
Total Short-Term Liabilities $2.949B $3.330B
YoY Change -5.02% -3.76%
LONG-TERM LIABILITIES
Long-Term Debt $5.672B $5.675B
YoY Change -8.35% -8.41%
Other Long-Term Liabilities $876.0M $850.0M
YoY Change -2.67% -9.67%
Total Long-Term Liabilities $6.548B $6.525B
YoY Change -7.63% -8.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.949B $3.330B
Total Long-Term Liabilities $6.548B $6.525B
Total Liabilities $9.497B $9.855B
YoY Change -6.84% -7.0%
SHAREHOLDERS EQUITY
Retained Earnings $6.195B $5.535B
YoY Change 44.17% 39.04%
Common Stock $64.00M $64.00M
YoY Change -1.54% -1.54%
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.00M
YoY Change
Treasury Stock Shares
Shareholders Equity $12.06B $11.64B
YoY Change
Total Liabilities & Shareholders Equity $24.49B $24.24B
YoY Change 3.24% 2.9%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $1.152B $910.0M
YoY Change -3.52% -51.93%
Depreciation, Depletion And Amortization $650.0M $651.0M
YoY Change 4.0% 12.05%
Cash From Operating Activities $1.737B $1.725B
YoY Change -9.11% -18.01%
INVESTING ACTIVITIES
Capital Expenditures $920.0M $905.0M
YoY Change 12.06% -129.26%
Acquisitions
YoY Change
Other Investing Activities $10.00M $8.000M
YoY Change -225.0% -260.0%
Cash From Investing Activities -$910.0M -$897.0M
YoY Change 9.77% -71.05%
FINANCING ACTIVITIES
Cash Dividend Paid $488.0M $0.00
YoY Change -44.23% -100.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $242.0M
YoY Change
Cash From Financing Activities -716.0M -553.0M
YoY Change -23.83% -51.62%
NET CHANGE
Cash From Operating Activities 1.737B 1.725B
Cash From Investing Activities -910.0M -897.0M
Cash From Financing Activities -716.0M -553.0M
Net Change In Cash 111.0M 273.0M
YoY Change -21.83% -112.72%
FREE CASH FLOW
Cash From Operating Activities $1.737B $1.725B
Capital Expenditures $920.0M $905.0M
Free Cash Flow $817.0M $820.0M
YoY Change -25.05% -84.22%

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