$OVV
Ovintiv Inc.

2024 Q3 Form 10-Q Financial Statement

#000095017024087984 Filed on July 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $2.324B $2.288B $2.517B
YoY Change -12.27% -9.1% -32.63%
Cost Of Revenue $713.0M $659.0M $943.0M
YoY Change -39.47% -30.12% -33.26%
Gross Profit $1.611B $1.629B $1.574B
YoY Change 9.52% 3.49% -32.24%
Gross Profit Margin 69.32% 71.2% 62.53%
Selling, General & Admin $480.0M $489.0M $534.0M
YoY Change -6.43% -8.43% 1.91%
% of Gross Profit 29.8% 30.02% 33.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $599.0M $580.0M $419.0M
YoY Change 23.25% 38.42% 50.72%
% of Gross Profit 37.18% 35.6% 26.62%
Operating Expenses $1.797B $1.732B $957.0M
YoY Change -17.64% 80.98% -56.89%
Operating Profit $527.0M $556.0M $617.0M
YoY Change 12.85% -9.89% -59.3%
Interest Expense $103.0M $105.0M -$100.0M
YoY Change 5.1% -205.0% -209.89%
% of Operating Profit 19.54% 18.88% -16.21%
Other Income/Expense, Net $151.0M $5.000M $6.000M
YoY Change 7450.0% -16.67%
Pretax Income $558.0M $466.0M $437.0M
YoY Change 41.98% 6.64% -69.27%
Income Tax $51.00M $126.0M $101.0M
% Of Pretax Income 9.14% 27.04% 23.11%
Net Earnings $507.0M $340.0M $336.0M
YoY Change 24.88% 1.19% -75.24%
Net Earnings / Revenue 21.82% 14.86% 13.35%
Basic Earnings Per Share $1.93 $1.28 $1.35
Diluted Earnings Per Share $1.92 $1.27 $1.34
COMMON SHARES
Basic Shares Outstanding 263.6M 267.0M 244.5M
Diluted Shares Outstanding 264.0M 268.1M 250.8M

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.000M $8.000M $52.00M
YoY Change 200.0% -84.62% 550.0%
Cash & Equivalents $9.000M $8.000M $52.00M
Short-Term Investments
Other Short-Term Assets $144.0M $117.0M $167.0M
YoY Change 188.0% -29.94% 1755.56%
Inventory
Prepaid Expenses
Receivables $1.290B $1.208B $1.253B
Other Receivables $64.00M $67.00M $7.000M
Total Short-Term Assets $1.507B $1.400B $1.479B
YoY Change -4.68% -5.34% -27.14%
LONG-TERM ASSETS
Property, Plant & Equipment $14.82B $14.84B $14.22B
YoY Change 2.08% 4.41% 54.63%
Goodwill $2.586B $2.577B $2.598B
YoY Change 0.04% -0.81% -0.73%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $943.0M $978.0M $1.225B
YoY Change -6.26% -20.16% 13.64%
Total Long-Term Assets $18.35B $18.41B $18.04B
YoY Change 0.18% 2.05% 39.92%
TOTAL ASSETS
Total Short-Term Assets $1.507B $1.400B $1.479B
Total Long-Term Assets $18.35B $18.41B $18.04B
Total Assets $19.86B $19.81B $19.52B
YoY Change -0.21% 1.49% 30.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.777B $1.872B $2.443B
YoY Change -26.57% -23.37% -0.81%
Accrued Expenses $86.00M $85.00M $85.00M
YoY Change 6.17% 0.0% 16.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.024B $1.234B $680.0M
YoY Change 44.43% 81.47% 216.28%
Total Short-Term Liabilities $2.892B $3.200B $3.310B
YoY Change -18.37% -3.32% -17.06%
LONG-TERM LIABILITIES
Long-Term Debt $4.853B $4.853B $5.477B
YoY Change -11.02% -11.39% 48.55%
Other Long-Term Liabilities $156.0M $141.0M $1.232B
YoY Change 25.81% -88.56% 700.0%
Total Long-Term Liabilities $5.009B $4.994B $6.709B
YoY Change -10.2% -25.56% 74.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.892B $3.200B $3.310B
Total Long-Term Liabilities $5.009B $4.994B $6.709B
Total Liabilities $9.204B $9.481B $10.20B
YoY Change -11.06% -7.08% 12.1%
SHAREHOLDERS EQUITY
Retained Earnings $1.644B $1.215B -$401.0M
YoY Change -2235.06% -402.99% -88.47%
Common Stock $8.028B $8.173B $8.674B
YoY Change -7.16% -5.78% 5.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.66B $10.33B $9.316B
YoY Change
Total Liabilities & Shareholders Equity $19.86B $19.81B $19.52B
YoY Change -0.21% 1.49% 30.8%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income $507.0M $340.0M $336.0M
YoY Change 24.88% 1.19% -75.24%
Depreciation, Depletion And Amortization $599.0M $580.0M $419.0M
YoY Change 23.25% 38.42% 50.72%
Cash From Operating Activities $1.022B $1.020B $831.0M
YoY Change 12.8% 22.74% -38.17%
INVESTING ACTIVITIES
Capital Expenditures $538.0M $622.0M $640.0M
YoY Change -35.49% -2.81% 25.24%
Acquisitions $0.00 $0.00 $3.225B
YoY Change -100.0%
Other Investing Activities -$26.00M $16.00M -$2.368B
YoY Change -3.7% -100.68%
Cash From Investing Activities -$516.0M -$641.0M -$3.008B
YoY Change -39.58% -78.69% 485.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -453.0M -376.0M 2.206B
YoY Change 348.51% -117.04% -302.57%
NET CHANGE
Cash From Operating Activities 1.022B 1.020B 831.0M
Cash From Investing Activities -516.0M -641.0M -3.008B
Cash From Financing Activities -453.0M -376.0M 2.206B
Net Change In Cash 51.00M 3.000M 29.00M
YoY Change -204.08% -89.66% -111.03%
FREE CASH FLOW
Cash From Operating Activities $1.022B $1.020B $831.0M
Capital Expenditures $538.0M $622.0M $640.0M
Free Cash Flow $484.0M $398.0M $191.0M
YoY Change 572.22% 108.38% -77.07%

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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Operating Lease Lease Income
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