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Devon Energy Corp., Common-Size Consolidated Income Statement
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | Dec 31, 2006 | ||
|---|---|---|---|---|---|---|
 |
Oil, gas and NGL sales | 73.06 | 76.07 | 85.94 | 84.60 | 84.00 |
|
Oil, gas and NGL derivatives | 8.16 | 4.79 | -1.01 | 0.12 | – |
|
Marketing and midstream revenues | 18.78 | 19.14 | 15.07 | 15.28 | 16.00 |
|
Revenues | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
|
Lease operating expenses | -16.99 | -20.84 | -14.57 | -16.09 | -14.07 |
|
Taxes other than income taxes | -3.82 | -3.92 | -3.43 | -2.99 | -3.22 |
|
Marketing and midstream operating costs and expenses | -13.65 | -12.75 | -10.68 | -10.80 | -11.76 |
|
Depreciation, depletion and amortization of oil and gas properties | -16.85 | -22.86 | -21.39 | -23.37 | -21.42 |
|
Depreciation and amortization of non-oil and gas properties | -2.57 | -3.44 | -1.68 | -1.79 | -1.66 |
|
Accretion of asset retirement obligations | -0.93 | -1.14 | -0.57 | -0.65 | -0.46 |
|
General and administrative expenses | -5.66 | -8.08 | -4.29 | -4.52 | -3.75 |
|
Restructuring costs | -0.57 | -1.31 | – | – | – |
|
Interest-rate and other financial instruments | 0.14 | 1.32 | -0.98 | 0.30 | -1.68 |
|
Reduction of carrying value of oil and gas properties | – | -79.95 | -68.23 | – | -1.14 |
|
Interest and dividend income | 0.13 | 0.10 | 0.49 | 0.78 | 0.95 |
|
Deep water royalties | – | 1.05 | – | – | – |
|
Hurricane insurance proceeds | – | – | 1.07 | – | – |
|
Other | 0.32 | -0.30 | -0.09 | 0.08 | 0.14 |
|
Other, net | 0.45% | 0.85% | 1.47% | 0.86% | 1.09% |
|
Earnings (loss) from continuing operations before interest expense and income taxes | 39.55% | -52.11% | -24.35% | 40.96% | 41.91% |
|
Interest expense, excluding early retirement of debt | -3.46 | -4.35 | -2.16 | -3.78 | -3.98 |
|
Early retirement of debt | -0.19 | – | – | – | – |
|
Interest expense | -3.65% | -4.35% | -2.16% | -3.78% | -3.98% |
|
Earnings (loss) from continuing operations before income taxes | 35.90% | -56.47% | -26.51% | 37.18% | 37.93% |
|
Income tax (expense) benefit | -12.42 | 22.12 | 6.27 | -9.49 | -11.24 |
|
Earnings (loss) from continuing operations | 23.47% | -34.35% | -20.24% | 27.69% | 26.69% |
|
Earnings from discontinued operations | 22.30 | 3.42 | 6.12 | 4.05 | 0.22 |
|
Net earnings (loss) | 45.77% | -30.93% | -14.12% | 31.74% | 26.90% |
|
Preferred stock dividends | – | – | -0.03 | -0.09 | -0.09 |
|
Net earnings (loss) applicable to common stockholders | 45.77% | -30.93% | -14.15% | 31.65% | 26.81% |
February 8, 2012