$DVN
DEVON ENERGY CORP/DE

2017 Q3 Form 10-Q Financial Statement

#000156459017020684 Filed on November 01, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $1.933B $4.233B
YoY Change -54.33% 17.55%
Cost Of Revenue $448.0M $355.0M
YoY Change 26.2% -30.39%
Gross Profit $1.485B $2.527B
YoY Change -41.23% -18.25%
Gross Profit Margin 76.82% 59.7%
Selling, General & Admin $1.013B $1.688B
YoY Change -39.99% -12.36%
% of Gross Profit 68.22% 66.8%
Research & Development $57.00M
YoY Change
% of Gross Profit 3.84%
Depreciation & Amortization $370.0M $394.0M
YoY Change -6.09% -47.04%
% of Gross Profit 24.92% 15.59%
Operating Expenses $1.440B $2.099B
YoY Change -31.4% -21.71%
Operating Profit $45.00M $428.0M
YoY Change -89.49% 4.39%
Interest Expense -$78.00M -$137.0M
YoY Change -43.07% 104.48%
% of Operating Profit -173.33% -32.01%
Other Income/Expense, Net -$3.000M -$66.00M
YoY Change -95.45% -41.07%
Pretax Income $207.0M $1.178B
YoY Change -82.43% -120.95%
Income Tax $13.00M $171.0M
% Of Pretax Income 6.28% 14.52%
Net Earnings $193.0M $993.0M
YoY Change -80.56% -128.31%
Net Earnings / Revenue 9.98% 23.46%
Basic Earnings Per Share $0.37 $1.90
Diluted Earnings Per Share $0.37 $1.89
COMMON SHARES
Basic Shares Outstanding 520.0M 518.0M
Diluted Shares Outstanding 523.0M 521.0M

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.781B $2.385B
YoY Change 16.6% 33.46%
Cash & Equivalents $2.639B $2.385B
Short-Term Investments
Other Short-Term Assets $379.0M $257.0M
YoY Change 47.47% -78.31%
Inventory
Prepaid Expenses
Receivables $1.418B $1.092B
Other Receivables $44.00M $69.00M
Total Short-Term Assets $4.622B $4.451B
YoY Change 3.84% 3.56%
LONG-TERM ASSETS
Property, Plant & Equipment $14.43B $16.17B
YoY Change -10.75% -29.01%
Goodwill $3.964B $3.963B
YoY Change 0.03%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.891B $2.230B
YoY Change -15.2% 48.37%
Total Long-Term Assets $22.94B $22.36B
YoY Change 2.57% -25.4%
TOTAL ASSETS
Total Short-Term Assets $4.622B $4.451B
Total Long-Term Assets $22.94B $22.36B
Total Assets $27.56B $26.81B
YoY Change 2.78% -21.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $797.0M $529.0M
YoY Change 50.66% -43.72%
Accrued Expenses $204.0M $171.0M
YoY Change 19.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $20.00M $350.0M
YoY Change -94.29% -30.0%
Total Short-Term Liabilities $2.832B $2.851B
YoY Change -0.67% -18.57%
LONG-TERM LIABILITIES
Long-Term Debt $10.38B $11.00B
YoY Change -5.64% -3.47%
Other Long-Term Liabilities $645.0M $1.036B
YoY Change -37.74% -52.8%
Total Long-Term Liabilities $11.03B $12.04B
YoY Change -8.41% -11.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.832B $2.851B
Total Long-Term Liabilities $11.03B $12.04B
Total Liabilities $13.86B $14.89B
YoY Change -6.92% -34.7%
SHAREHOLDERS EQUITY
Retained Earnings -$1.977B
YoY Change
Common Stock $52.00M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.129B $5.840B
YoY Change
Total Liabilities & Shareholders Equity $27.56B $26.81B
YoY Change 2.78% -21.94%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $193.0M $993.0M
YoY Change -80.56% -128.31%
Depreciation, Depletion And Amortization $370.0M $394.0M
YoY Change -6.09% -47.04%
Cash From Operating Activities $701.0M $700.0M
YoY Change 0.14% -54.93%
INVESTING ACTIVITIES
Capital Expenditures $6.000M $3.000M
YoY Change 100.0% -97.35%
Acquisitions
YoY Change
Other Investing Activities $89.00M -$34.00M
YoY Change -361.76% -1233.33%
Cash From Investing Activities -$384.0M $1.290B
YoY Change -129.77% -210.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.173B
YoY Change
Cash From Financing Activities 156.0M -1.319B
YoY Change -111.83% 339.67%
NET CHANGE
Cash From Operating Activities 701.0M 700.0M
Cash From Investing Activities -384.0M 1.290B
Cash From Financing Activities 156.0M -1.319B
Net Change In Cash 485.0M 671.0M
YoY Change -27.72% 698.81%
FREE CASH FLOW
Cash From Operating Activities $701.0M $700.0M
Capital Expenditures $6.000M $3.000M
Free Cash Flow $695.0M $697.0M
YoY Change -0.29% -51.6%

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