$OVV
Ovintiv Inc.

2022 Q4 Form 10-Q Financial Statement

#000156459022037075 Filed on November 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $3.212B $3.549B $1.789B
YoY Change -3.8% 98.38% 50.34%
Cost Of Revenue $1.201B $1.310B $989.0M
YoY Change 9.48% 32.46% 97.41%
Gross Profit $2.011B $2.239B $800.0M
YoY Change -10.3% 179.88% 16.11%
Gross Profit Margin 62.61% 63.09% 44.72%
Selling, General & Admin $565.0M $571.0M $492.0M
YoY Change 4.44% 16.06% 12.33%
% of Gross Profit 28.1% 25.5% 61.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $280.0M $291.0M $297.0M
YoY Change 2.19% -2.02% -26.85%
% of Gross Profit 13.92% 13.0% 37.13%
Operating Expenses $846.0M $2.176B $794.0M
YoY Change 3.17% 174.06% -70.55%
Operating Profit $1.165B $1.373B $6.000M
YoY Change -18.07% 22783.33% -100.4%
Interest Expense -$56.00M $83.00M $77.00M
YoY Change -18.84% 7.79% -20.62%
% of Operating Profit -4.81% 6.05% 1283.33%
Other Income/Expense, Net $2.000M $3.000M $6.000M
YoY Change -66.67% -50.0% -66.67%
Pretax Income $1.110B $1.274B -$71.00M
YoY Change -19.68% -1894.37% -95.45%
Income Tax -$225.0M $88.00M $1.000M
% Of Pretax Income -20.27% 6.91%
Net Earnings $1.335B $1.186B -$72.00M
YoY Change -3.54% -1747.22% -95.27%
Net Earnings / Revenue 41.56% 33.42% -4.02%
Basic Earnings Per Share $4.70 -$0.28
Diluted Earnings Per Share $5.29 $4.63 -$275.8K
COMMON SHARES
Basic Shares Outstanding 248.3M 254.3M 261.1M
Diluted Shares Outstanding 256.2M 261.1M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.000M $18.00M $8.000M
YoY Change -97.44% 125.0% -75.0%
Cash & Equivalents $5.000M $18.00M $8.000M
Short-Term Investments
Other Short-Term Assets $70.00M $1.000M $1.000M
YoY Change 4.48% 0.0% -99.41%
Inventory
Prepaid Expenses $38.00M
Receivables $1.594B $1.626B $1.221B
Other Receivables $43.00M $57.00M $98.00M
Total Short-Term Assets $1.695B $1.702B $1.328B
YoY Change 6.81% 28.16% 8.94%
LONG-TERM ASSETS
Property, Plant & Equipment $9.468B $9.053B $8.590B
YoY Change 8.07% 5.39% -15.97%
Goodwill $2.584B $2.576B $2.624B
YoY Change -1.67% -1.83% 1.16%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.004B $1.000B $1.094B
YoY Change -6.95% -8.59% -2.41%
Total Long-Term Assets $13.36B $12.67B $12.31B
YoY Change 7.16% 2.96% -11.69%
TOTAL ASSETS
Total Short-Term Assets $1.695B $1.702B $1.328B
Total Long-Term Assets $13.36B $12.67B $12.31B
Total Assets $15.06B $14.37B $13.64B
YoY Change 7.12% 5.41% -10.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.221B $2.216B $1.866B
YoY Change 577.13% 18.76% 15.54%
Accrued Expenses $76.00M $69.00M $63.00M
YoY Change -94.85% 9.52% -4.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $393.0M $440.0M $0.00
YoY Change
Total Short-Term Liabilities $2.780B $3.309B $3.351B
YoY Change 1.16% -1.25% 91.6%
LONG-TERM LIABILITIES
Long-Term Debt $3.177B $3.178B $4.791B
YoY Change -33.62% -33.67% -32.92%
Other Long-Term Liabilities $131.0M $153.0M $215.0M
YoY Change -31.05% -28.84% -42.97%
Total Long-Term Liabilities $3.308B $3.331B $5.006B
YoY Change -33.52% -33.46% -33.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.780B $3.309B $3.351B
Total Long-Term Liabilities $3.308B $3.331B $5.006B
Total Liabilities $7.367B $7.824B $9.839B
YoY Change -17.97% -20.48% -8.94%
SHAREHOLDERS EQUITY
Retained Earnings -$1.081B -$2.355B -$5.827B
YoY Change -75.87% -59.58%
Common Stock $7.779B $7.942B $8.556B
YoY Change -8.06% -7.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.689B $6.550B $3.797B
YoY Change
Total Liabilities & Shareholders Equity $15.06B $14.37B $13.64B
YoY Change 7.12% 5.41% -10.03%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $1.335B $1.186B -$72.00M
YoY Change -3.54% -1747.22% -95.27%
Depreciation, Depletion And Amortization $280.0M $291.0M $297.0M
YoY Change 2.19% -2.02% -26.85%
Cash From Operating Activities $875.0M $962.0M $812.0M
YoY Change 18.24% 18.47% 64.71%
INVESTING ACTIVITIES
Capital Expenditures $358.0M $511.0M $365.0M
YoY Change -185.04% 40.0% 3.99%
Acquisitions $0.00
YoY Change
Other Investing Activities -$233.0M -$34.00M -$6.000M
YoY Change -1556.25% 466.67% -91.18%
Cash From Investing Activities -$591.0M -$264.0M -$367.0M
YoY Change 45.93% -28.07% 49.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -297.0M -689.0M -557.0M
YoY Change 100.68% 23.7% 117.58%
NET CHANGE
Cash From Operating Activities 875.0M 962.0M 812.0M
Cash From Investing Activities -591.0M -264.0M -367.0M
Cash From Financing Activities -297.0M -689.0M -557.0M
Net Change In Cash -13.00M 10.00M -114.0M
YoY Change -106.95% -108.77% 1528.57%
FREE CASH FLOW
Cash From Operating Activities $875.0M $962.0M $812.0M
Capital Expenditures $358.0M $511.0M $365.0M
Free Cash Flow $517.0M $451.0M $447.0M
YoY Change -55.47% 0.89% 214.79%

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CY2022Q3 us-gaap Derivative Assets
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CY2022Q3 us-gaap Derivative Liabilities
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CY2022Q3 us-gaap Derivative Assets
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CY2022Q3 us-gaap Contractual Obligation Due In Next Twelve Months
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CY2021Q3 ovv Increase Decrease In Current Portion Of Operating Lease Liabilities
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