$DVN
DEVON ENERGY CORP/DE

2024 Q3 Form 10-Q Financial Statement

#000095017024092424 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $4.024B $3.917B
YoY Change 4.9% 13.4%
Cost Of Revenue $1.912B $1.896B
YoY Change -0.26% 7.12%
Gross Profit $2.112B $2.021B
YoY Change 10.06% 20.01%
Gross Profit Margin 52.49% 51.6%
Selling, General & Admin $117.0M $114.0M
YoY Change 18.18% 23.91%
% of Gross Profit 5.54% 5.64%
Research & Development $4.000M $3.000M
YoY Change 33.33% -70.0%
% of Gross Profit 0.19% 0.15%
Depreciation & Amortization $794.0M $768.0M
YoY Change 21.97% 20.38%
% of Gross Profit 37.59% 38.0%
Operating Expenses $915.0M $885.0M
YoY Change 21.51% 19.59%
Operating Profit $1.197B $1.136B
YoY Change 2.66% 20.34%
Interest Expense -$88.00M -$76.00M
YoY Change 8.64% -6.17%
% of Operating Profit -7.35% -6.69%
Other Income/Expense, Net -$46.00M -$7.000M
YoY Change 283.33% 0.0%
Pretax Income $1.064B $1.040B
YoY Change -0.75% 15.94%
Income Tax $239.0M $185.0M
% Of Pretax Income 22.46% 17.79%
Net Earnings $812.0M $844.0M
YoY Change -10.77% 22.85%
Net Earnings / Revenue 20.18% 21.55%
Basic Earnings Per Share $1.31 $1.35
Diluted Earnings Per Share $1.30 $1.34
COMMON SHARES
Basic Shares Outstanding 626.2M 632.0M
Diluted Shares Outstanding 623.0M 628.0M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $676.0M $1.140B
YoY Change -11.17% 133.61%
Cash & Equivalents $645.0M $1.140B
Short-Term Investments
Other Short-Term Assets $484.0M $343.0M
YoY Change 32.6% -13.6%
Inventory $293.0M $258.0M
Prepaid Expenses
Receivables $1.779B $1.589B
Other Receivables $0.00 $32.00M
Total Short-Term Assets $3.232B $3.359B
YoY Change 0.62% 28.94%
LONG-TERM ASSETS
Property, Plant & Equipment $24.95B $19.79B
YoY Change 31.1% 3.97%
Goodwill $753.0M $753.0M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $718.0M $704.0M
YoY Change 7.0% 4.3%
Other Assets $293.0M $264.0M
YoY Change -6.39% -9.9%
Total Long-Term Assets $27.03B $21.80B
YoY Change 28.54% 5.07%
TOTAL ASSETS
Total Short-Term Assets $3.232B $3.359B
Total Long-Term Assets $27.03B $21.80B
Total Assets $30.26B $25.16B
YoY Change 24.84% 7.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $995.0M $754.0M
YoY Change 22.54% -10.56%
Accrued Expenses $30.00M $26.00M
YoY Change 233.33% 160.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $475.0M
YoY Change -100.0%
Long-Term Debt Due $0.00 $475.0M
YoY Change -100.0% 84.11%
Total Short-Term Liabilities $2.906B $3.016B
YoY Change -12.73% 13.0%
LONG-TERM LIABILITIES
Long-Term Debt $8.884B $5.665B
YoY Change 56.55% -12.36%
Other Long-Term Liabilities $820.0M $829.0M
YoY Change -3.53% -41.21%
Total Long-Term Liabilities $9.704B $6.494B
YoY Change 48.72% -17.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.906B $3.016B
Total Long-Term Liabilities $9.704B $6.494B
Total Liabilities $12.61B $9.510B
YoY Change 27.96% -22.9%
SHAREHOLDERS EQUITY
Retained Earnings $7.670B $7.132B
YoY Change 38.57% 44.37%
Common Stock $66.00M $63.00M
YoY Change 3.13% -1.56%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $0.00
YoY Change
Treasury Stock Shares
Shareholders Equity $14.28B $12.55B
YoY Change
Total Liabilities & Shareholders Equity $30.26B $25.16B
YoY Change 24.84% 7.74%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $812.0M $844.0M
YoY Change -10.77% 22.85%
Depreciation, Depletion And Amortization $794.0M $768.0M
YoY Change 21.97% 20.38%
Cash From Operating Activities $1.663B $1.535B
YoY Change -3.59% 9.25%
INVESTING ACTIVITIES
Capital Expenditures $4.479B $1.030B
YoY Change 394.92% -6.11%
Acquisitions
YoY Change
Other Investing Activities $130.0M $11.00M
YoY Change 1525.0% -320.0%
Cash From Investing Activities -$4.349B -$1.019B
YoY Change 384.84% -7.53%
FINANCING ACTIVITIES
Cash Dividend Paid $272.0M $223.0M
YoY Change -51.73%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $472.0M
YoY Change 95.04%
Cash From Financing Activities 2.192B -495.0M
YoY Change -496.38% -29.69%
NET CHANGE
Cash From Operating Activities 1.663B 1.535B
Cash From Investing Activities -4.349B -1.019B
Cash From Financing Activities 2.192B -495.0M
Net Change In Cash -493.0M 20.00M
YoY Change -280.59% -104.99%
FREE CASH FLOW
Cash From Operating Activities $1.663B $1.535B
Capital Expenditures $4.479B $1.030B
Free Cash Flow -$2.816B $505.0M
YoY Change -443.41% 63.96%

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