Stock Analysis on Net
Stock Analysis on Net

Devon Energy Corp. (NYSE:DVN)

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

Common-Size Income Statement

Devon Energy Corp., common-size consolidated income statement

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Oil, gas and NGL sales 73.46 78.08 55.82 61.24 58.55
Oil, gas and NGL derivatives -3.43 -12.65 3.21 -7.30 0.00
Marketing and midstream revenues 29.97 34.56 40.97 46.06 41.45
Revenues 100.00% 100.00% 100.00% 100.00% 100.00%
Production expenses -14.59 -17.46 -23.26 -19.24 -20.73
Marketing and midstream expenses -30.15 -34.72 -41.69 -45.21 -40.65
Cost of revenues -44.74% -52.18% -64.95% -64.45% -61.38%
Gross profit 55.26% 47.82% 35.05% 35.55% 38.62%
Exploration expenses -0.15 -0.11 -3.46 -0.93 -1.65
Depreciation, depletion and amortization -11.60 -17.68 -26.93 -24.07 -15.45
Asset impairments 0.00 0.00 -55.78 0.00 -1.45
Asset dispositions 0.23 1.38 0.02 0.77 2.45
General and administrative expenses -2.06 -3.20 -7.00 -7.64 -6.06
Restructuring and transaction costs 0.00 -2.11 -1.01 -1.35 -1.06
Estimated future obligation under a performance guarantee 0.75 0.15 0.00 0.00 0.00
Ukraine charitable pledge -0.10 0.00 0.00 0.00 0.00
Asset retirement obligation accretion -0.13 -0.23 -0.41 -0.34 -0.55
Severance and other non-income tax refunds 0.03 0.32 0.83 0.00 0.00
Other -0.05 0.11 0.29 0.27 -0.75
Other, net 0.50% 0.35% 0.70% -0.06% -1.30%
Operating income (loss) 42.17% 26.44% -58.41% 2.27% 14.10%
Interest based on debt outstanding -1.93 -3.18 -5.36 -4.18 -2.78
Gain (loss) on early retirement of debt 0.00 0.25 0.00 0.00 -2.91
Interest income 0.20 0.02 0.25 0.53 0.00
Other 0.12 0.22 -0.48 -0.37 0.15
Financing costs, net -1.61% -2.70% -5.59% -4.02% -5.53%
Earnings (loss) from continuing operations before income taxes 40.56% 23.74% -64.00% -1.75% 8.57%
Income tax (expense) benefit -9.07 -0.53 11.33 0.48 -1.45
Net earnings (loss) from continuing operations 31.49% 23.21% -52.67% -1.27% 7.12%
Net earnings (loss) from discontinued operations, net of income taxes 0.00 0.00 -2.65 -4.41 22.92
Net earnings (loss) 31.49% 23.21% -55.32% -5.68% 30.04%
Net earnings attributable to noncontrolling interests -0.11 -0.16 -0.19 -0.03 -1.49
Net earnings (loss) attributable to Devon 31.38% 23.05% -55.51% -5.71% 28.54%

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).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Devon Energy Corp. operating income (loss) as a percentage of revenues increased from 2020 to 2021 and from 2021 to 2022.
Earnings (loss) from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Devon Energy Corp. earnings (loss) from continuing operations before income taxes as a percentage of revenues increased from 2020 to 2021 and from 2021 to 2022.
Net earnings (loss) attributable to Devon The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Devon Energy Corp. net earnings (loss) attributable to Devon as a percentage of revenues increased from 2020 to 2021 and from 2021 to 2022.