$DVN
DEVON ENERGY CORP/DE Stock $dvn

$dvn Overview Financials Valuation SEC Filings Company Website

2021 Q3 Form 10-Q Financial Statement

#000156459021053780 Filed on November 03, 2021

Income Statement

Concept	2021 Q3	2020 Q4	2020 Q3
Revenue	$3.801B	$1.280B	$1.154B
YoY Change	229.38%	-19.45%	-33.91%
Cost Of Revenue	$1.720B	$271.0M	$271.0M
YoY Change	534.69%	-16.36%	-7.82%
Gross Profit	$1.746B	$1.009B	$796.0M
YoY Change	119.35%	-20.24%	-45.18%
Gross Profit Margin	45.94%	78.83%	68.98%
Selling, General & Admin	$95.00M	$700.0M	$553.0M
YoY Change	-82.82%	-10.71%	-30.09%
% of Gross Profit	5.44%	69.38%	69.47%
Research & Development	$3.000M	$4.000M	$39.00M
YoY Change	-92.31%	-86.21%	116.67%
% of Gross Profit	0.17%	0.4%	4.9%
Depreciation & Amortization	$578.0M	$301.0M	$299.0M
YoY Change	93.31%	-21.2%	-25.62%
% of Gross Profit	33.1%	29.83%	37.56%
Operating Expenses	$676.0M	$1.005B	$891.0M
YoY Change	-24.13%	-15.9%	-25.13%
Operating Profit	$1.070B	$4.000M	-$95.00M
YoY Change	-1226.32%	-94.29%	-136.26%
Interest Expense	-$92.00M	-$64.00M	-$66.00M
YoY Change	39.39%	-31.18%	10.0%
% of Operating Profit	-8.6%	-1600.0%
Other Income/Expense, Net	$4.000M	-$7.000M	-$6.000M
YoY Change	-166.67%	-153.85%	-25.0%
Pretax Income	$964.0M	-$110.0M	-$193.0M
YoY Change	-599.48%	423.81%	-201.58%
Income Tax	$120.0M	-$37.00M	-$90.00M
% Of Pretax Income	12.45%
Net Earnings	$838.0M	-$102.0M	-$90.00M
YoY Change	-1031.11%	-84.11%	-182.57%
Net Earnings / Revenue	22.05%	-7.97%	-7.8%
Basic Earnings Per Share	$1.24
Diluted Earnings Per Share	$1.245M	-$270.6K	-$244.0K
COMMON SHARES
Basic Shares Outstanding	671.0M		377.0M
Diluted Shares Outstanding	673.0M		377.0M

Balance Sheet

Concept	2021 Q3	2020 Q4	2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.321B	$2.237B	$1.707B
YoY Change	35.97%	52.8%	24.15%
Cash & Equivalents	$2.321B	$2.237B	$1.707B
Short-Term Investments
Other Short-Term Assets	$309.0M	$248.0M	$359.0M
YoY Change	-13.93%	6.9%	-6.27%
Inventory
Prepaid Expenses
Receivables	$1.517B	$601.0M	$493.0M
Other Receivables	$102.0M	$199.0M	$23.00M
Total Short-Term Assets	$4.227B	$3.260B	$3.477B
YoY Change	21.57%	-15.35%	22.17%
LONG-TERM ASSETS
Property, Plant & Equipment	$15.32B	$5.393B	$5.556B
YoY Change	175.77%	-37.24%	-45.41%
Goodwill		$753.0M	$753.0M
YoY Change		0.0%	-10.46%
Intangibles
YoY Change
Long-Term Investments	$388.0M
YoY Change
Other Assets	$367.0M	$271.0M	$233.0M
YoY Change	57.51%	38.27%	7.87%
Total Long-Term Assets	$16.83B	$6.652B	$6.849B
YoY Change	145.73%	-32.58%	-40.69%
TOTAL ASSETS
Total Short-Term Assets	$4.227B	$3.260B	$3.477B
Total Long-Term Assets	$16.83B	$6.652B	$6.849B
Total Assets	$21.06B	$9.912B	$10.33B
YoY Change	103.92%	-27.74%	-28.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$537.0M	$242.0M	$415.0M
YoY Change	29.4%	-43.46%	-19.1%
Accrued Expenses	$20.00M	$1.000M	$1.000M
YoY Change	1900.0%	-90.0%	-91.67%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$8.000M	$8.000M	$7.000M
YoY Change	14.29%	14.29%	0.0%
Total Short-Term Liabilities	$3.505B	$1.440B	$1.709B
YoY Change	105.09%	-25.27%	3.08%
LONG-TERM LIABILITIES
Long-Term Debt	$6.492B	$4.298B	$4.297B
YoY Change	51.08%	0.09%	0.05%
Other Long-Term Liabilities	$1.281B	$551.0M	$372.0M
YoY Change	244.35%	29.34%	-13.69%
Total Long-Term Liabilities	$7.773B	$4.849B	$4.669B
YoY Change	66.48%	2.73%	-1.21%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.505B	$1.440B	$1.709B
Total Long-Term Liabilities	$7.773B	$4.849B	$4.669B
Total Liabilities	$12.13B	$6.289B	$6.378B
YoY Change	90.23%	-5.39%	-0.09%
SHAREHOLDERS EQUITY
Retained Earnings	$750.0M	$208.0M	$351.0M
YoY Change	113.68%	-93.39%	-90.79%
Common Stock	$68.00M	$38.00M	$38.00M
YoY Change	78.95%	0.0%	-2.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$8.924B	$2.885B	$3.023B
YoY Change
Total Liabilities & Shareholders Equity	$21.06B	$9.912B	$10.33B
YoY Change	103.92%	-27.74%	-28.26%

Cashflow Statement

Concept	2021 Q3	2020 Q4	2020 Q3
OPERATING ACTIVITIES
Net Income	$838.0M	-$102.0M	-$90.00M
YoY Change	-1031.11%	-84.11%	-182.57%
Depreciation, Depletion And Amortization	$578.0M	$301.0M	$299.0M
YoY Change	93.31%	-21.2%	-25.62%
Cash From Operating Activities	$1.583B	$377.0M	$472.0M
YoY Change	235.38%	-33.74%	-5.98%
INVESTING ACTIVITIES
Capital Expenditures	$474.0M	-$220.0M	$204.0M
YoY Change	132.35%	-46.47%	3980.0%
Acquisitions
YoY Change
Other Investing Activities	$10.00M	$315.0M	$2.000M
YoY Change	400.0%	632.56%	-33.33%
Cash From Investing Activities	-$474.0M	$95.00M	-$202.0M
YoY Change	134.65%	-125.82%	-61.74%
FINANCING ACTIVITIES
Cash Dividend Paid	$329.0M	$138.0M	$43.00M
YoY Change	665.12%	305.88%	22.86%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net	$0.00
YoY Change
Cash From Financing Activities	-337.0M	-134.0M	-46.00M
YoY Change	632.61%	482.61%	-97.88%
NET CHANGE
Cash From Operating Activities	1.583B	377.0M	472.0M
Cash From Investing Activities	-474.0M	95.00M	-202.0M
Cash From Financing Activities	-337.0M	-134.0M	-46.00M
Net Change In Cash	772.0M	338.0M	224.0M
YoY Change	244.64%	89.89%	-110.2%
FREE CASH FLOW
Cash From Operating Activities	$1.583B	$377.0M	$472.0M
Capital Expenditures	$474.0M	-$220.0M	$204.0M
Free Cash Flow	$1.109B	$597.0M	$268.0M
YoY Change	313.81%	-39.08%	-46.08%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
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CY2021Q3	us-gaap	Derivative Collateral Obligation To Return Cash DerivativeCollateralObligationToReturnCash	0
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CY2021Q3	us-gaap	Share Based Compensation ShareBasedCompensation	19000000
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CY2020Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	204000000
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CY2020Q3	us-gaap	Payments Of Dividends PaymentsOfDividends	43000000
	us-gaap	Payments Of Dividends PaymentsOfDividends	761000000
	us-gaap	Payments Of Dividends PaymentsOfDividends	119000000
CY2021Q3	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	1000000
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	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	15000000
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	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-85000000
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CY2020Q3	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
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CY2021Q3	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0
CY2020Q3	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0
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CY2021Q3	dvn	Unrecognized Tax Benefits Rate UnrecognizedTaxBenefitsRate	0
CY2020Q3	dvn	Unrecognized Tax Benefits Rate UnrecognizedTaxBenefitsRate	0.18
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CY2020Q3	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.04
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CY2021Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.12
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CY2021Q3	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	838000000
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CY2021Q3	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	6000000
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CY2021Q3	us-gaap	Net Income Loss From Continuing Operations Available To Common Shareholders Diluted NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted	832000000
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CY2021Q3	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	677000000
CY2020Q3	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	383000000
	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	670000000
	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	383000000
CY2021Q3	us-gaap	Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights	6000000
	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-6.58
CY2019Q4	us-gaap	Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax	-119000000
CY2021Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax	1000000
CY2020Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax	1000000
CY2020Q3	us-gaap	Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights	6000000
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CY2021Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	671000000
CY2020Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	377000000
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	664000000
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CY2021Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	2000000
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CY2021Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	673000000
CY2020Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	377000000
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	666000000
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CY2021Q3	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	332000000
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	dvn	Increase Decrease In Accounts Payable And Royalties Payable IncreaseDecreaseInAccountsPayableAndRoyaltiesPayable	557000000
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CY2021Q3	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	-49000000
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	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	-82000000
CY2021Q3	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	-15000000
CY2020Q3	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	-87000000
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	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities	-59000000
CY2021Q3	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	-68000000
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	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	42000000
CY2021Q3	us-gaap	Interest Paid Net InterestPaidNet	100000000
CY2020Q3	us-gaap	Interest Paid Net InterestPaidNet	64000000
	us-gaap	Interest Paid Net InterestPaidNet	319000000
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	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-116000000
CY2020Q4	us-gaap	Oil And Gas Joint Interest Billing Receivables Current OilAndGasJointInterestBillingReceivablesCurrent	57000000
CY2020Q4	us-gaap	Other Receivables Gross Current OtherReceivablesGrossCurrent	25000000
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CY2020Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	11000000
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CY2021Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	6492000000
CY2020Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	4298000000
CY2020Q4	us-gaap	Proved Oil And Gas Property Successful Effort Method ProvedOilAndGasPropertySuccessfulEffortMethod	27589000000
CY2020Q4	us-gaap	Unproved Oil And Gas Property Successful Effort Method UnprovedOilAndGasPropertySuccessfulEffortMethod	392000000
CY2020Q4	us-gaap	Oil And Gas Property Successful Effort Method Gross OilAndGasPropertySuccessfulEffortMethodGross	27981000000
CY2020Q4	us-gaap	Oil And Gas Property Successful Effort Method Accumulated Depreciation Depletion And Amortization OilAndGasPropertySuccessfulEffortMethodAccumulatedDepreciationDepletionAndAmortization	23545000000
CY2020Q4	us-gaap	Oil And Gas Property Successful Effort Method Net OilAndGasPropertySuccessfulEffortMethodNet	4436000000
CY2020Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	1737000000
CY2020Q4	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	780000000
CY2020Q4	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	957000000
CY2021Q3	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	-160000000
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CY2021Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	242000000
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CY2021Q3	us-gaap	Interest Income Other InterestIncomeOther	1000000
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	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-243000000
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CY2021Q3	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	214000000
CY2021Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	30000000
CY2021Q3	dvn	Right Of Use Assets Noncurrent RightOfUseAssetsNoncurrent	244000000
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CY2021Q3	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	246000000
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CY2021Q3	dvn	Lease Liabilities Noncurrent LeaseLiabilitiesNoncurrent	256000000
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CY2021Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	30000000
CY2021Q3	dvn	Lease Liabilities LeaseLiabilities	284000000
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CY2021Q3	us-gaap	Asset Retirement Obligation AssetRetirementObligation	475000000
CY2020Q3	us-gaap	Asset Retirement Obligation AssetRetirementObligation	408000000
CY2021Q3	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	13000000
CY2020Q3	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	10000000
CY2021Q3	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	462000000
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CY2020Q4	dvn	Lease Liabilities LeaseLiabilities	255000000
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	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	11000000
CY2020Q1	us-gaap	Stock Repurchased And Retired During Period Shares StockRepurchasedAndRetiredDuringPeriodShares	2243000
CY2020Q1	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	38000000
CY2020Q1	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	16.85
CY2021Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	203000000
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CY2021Q3	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.49
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CY2020Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.09
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CY2020Q3	dvn	Disposal Group Including Discontinued Operation Oil Gas And Ngl Sales DisposalGroupIncludingDiscontinuedOperationOilGasAndNGLSales	94000000
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CY2020Q3	dvn	Disposal Group Including Discontinued Operation Production Expenses DisposalGroupIncludingDiscontinuedOperationProductionExpenses	66000000
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CY2020Q3	us-gaap	Disposal Group Including Discontinued Operation General And Administrative Expense DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense	2000000
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CY2020Q3	dvn	Disposal Group Including Discontinued Operation Financing Costs Net DisposalGroupIncludingDiscontinuedOperationFinancingCostsNet	-1000000
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CY2020Q3	dvn	Disposal Group Including Discontinued Operation Other Expenses DisposalGroupIncludingDiscontinuedOperationOtherExpenses	26000000
	dvn	Disposal Group Including Discontinued Operation Other Expenses DisposalGroupIncludingDiscontinuedOperationOtherExpenses	19000000
CY2020Q3	dvn	Disposal Group Including Discontinued Operation Total Expenses DisposalGroupIncludingDiscontinuedOperationTotalExpenses	96000000
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CY2020Q3	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Before Income Tax DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax	-2000000
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	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	-103000000

Files In Submission

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$DVN
DEVON ENERGY CORP/DE Stock $dvn

2021 Q3 Form 10-Q Financial Statement

#000156459021053780 Filed on November 03, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

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$DVN DEVON ENERGY CORP/DE Stock $dvn

2021 Q3 Form 10-Q Financial Statement

#000156459021053780 Filed on November 03, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$DVN
DEVON ENERGY CORP/DE Stock $dvn