Stock Analysis on Net
Stock Analysis on Net

Devon Energy Corp. (NYSE:DVN)

$22.49

This company has been moved to the archive! The financial data has not been updated since November 8, 2023.

Common-Size Balance Sheet: Assets

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Devon Energy Corp., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Cash, cash equivalents and restricted cash
Accounts receivable
Inventory
Current assets associated with discontinued operations
Other current assets
Current assets
Oil and gas property and equipment, based on successful efforts accounting, net
Other property and equipment, net
Finance lease right-of-use assets
Property and equipment, net, including finance lease right-of-use assets
Goodwill
Operating lease right-of-use assets
Investments
Other long-term assets
Long-term assets associated with discontinued operations
Long-term assets
Total assets

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Cash, Cash Equivalents and Restricted Cash
This category demonstrated a fluctuating trend over the assessed periods. It increased from 12.34% to 22.57% of total assets between 2018 and 2020, followed by a sharp decline to 6.13% in 2022, indicating a reduction in liquidity relative to total assets in the most recent year.
Accounts Receivable
Accounts receivable showed a steady increase as a percentage of total assets, rising from 4.52% in 2018 to 7.45% in 2022, suggesting growth in credit sales or potentially slower collection processes.
Inventory
Inventory data is available only for 2021 and 2022, with a rise from 0.54% to 0.85%, pointing to a modest increase in inventory holdings relative to total assets.
Current Assets Associated with Discontinued Operations
This item showed a significant percentage in 2019 at 6.53%, but data is missing for subsequent years. The initial presence indicates past disposals or operational changes affecting current asset composition.
Other Current Assets
Other current assets decreased notably from 4.81% in 2018 to 1.98% in 2022, indicating reduced miscellaneous current assets over time.
Current Assets
Current assets overall increased from 22.68% in 2018 to a peak of 32.89% in 2020, followed by a decline to 16.4% by 2022, reflecting shifting asset allocations and likely operational changes affecting liquidity and short-term assets.
Oil and Gas Property and Equipment (Net)
This category experienced a decline from 65.49% in 2018 to a low of 44.75% in 2020, then rebounded sharply to 69.84% in 2022, indicating fluctuating investments or asset valuations in core operational assets.
Other Property and Equipment (Net)
Other property and equipment grew from 5.73% in 2018 to 9.65% in 2020, and subsequently decreased to 6.49% in 2022, exhibiting variability that may be tied to changes in physical asset composition outside the core oil and gas segment.
Finance Lease Right-of-Use Assets
Finance lease right-of-use assets appeared starting from 2019 at 1.67%, peaked at 2.22% in 2020, then declined to 0.86% in 2022, suggesting initial adoption followed by reduction or reclassification of lease obligations.
Property and Equipment, Net, Including Finance Lease Right-of-Use Assets
The combined property and equipment assets declined from 71.22% in 2018 to 56.63% in 2020, and then rose again to 77.18% in 2022, indicating significant shifts in fixed asset holdings relative to total assets, consistent with the fluctuations in core asset categories.
Goodwill
Goodwill increased from 4.3% in 2018 to 7.6% in 2020 but decreased notably afterward, reaching 3.17% in 2022. This pattern suggests recent impairments, disposals, or adjustments impacting intangible asset valuations.
Operating Lease Right-of-Use Assets
These assets appeared minimally starting in 2019, with small fluctuations remaining under 0.11%, indicating a minor component of total assets related to operating leases.
Investments
Investments as a percentage of total assets were negligible or not reported until 2020, then increased to about 1.85% by 2022, showing a gradual allocation to investment holdings.
Other Long-Term Assets
Other long-term assets fluctuated moderately around 1.3% to 2.7%, showing minor changes without a clear upward or downward trend.
Long-Term Assets Associated with Discontinued Operations
This category appeared only in 2019 at 0.59% and was absent in other years, reflecting a temporary impact of discontinued operations on long-term assets.
Long-Term Assets
Long-term assets as a whole showed a decreasing trend from 77.32% in 2018 to 67.11% in 2020, followed by a substantial increase to 83.6% in 2022, indicating shifting asset composition towards longer-duration or capital-intensive holdings in recent years.
Total Assets
By definition, total assets remained constant at 100% each year, serving as the baseline for relative measurements of asset categories.