Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Reported Income

Devon Energy Corp., adjusted current assets

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current assets	3,891)	4,249)	3,260)	3,851)	4,437)
Adjustments
Add: Allowance for doubtful accounts	9)	7)	11)	8)	8)
After Adjustment
Adjusted current assets	3,900)	4,256)	3,271)	3,859)	4,445)

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).

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Devon Energy Corp., adjusted total assets

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total assets	23,721)	21,025)	9,912)	13,717)	19,566)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	338)
Add: Allowance for doubtful accounts	9)	7)	11)	8)	8)
Less: Deferred tax assets²	—)	7)	16)	—)	—)
After Adjustment
Adjusted total assets	23,730)	21,025)	9,907)	13,725)	19,912)

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).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets. See details »

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Devon Energy Corp., adjusted current liabilities

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current liabilities	3,105)	3,087)	1,440)	1,927)	2,226)
Adjustments
Less: Current restructuring liabilities	34)	38)	35)	20)	47)
After Adjustment
Adjusted current liabilities	3,071)	3,049)	1,405)	1,907)	2,179)

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).

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Devon Energy Corp., adjusted total liabilities

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total liabilities	12,425)	11,626)	6,893)	7,797)	10,380)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	338)
Less: Deferred tax liabilities²	1,463)	287)	—)	341)	877)
Less: Restructuring liabilities	115)	149)	172)	21)	63)
After Adjustment
Adjusted total liabilities	10,847)	11,190)	6,721)	7,435)	9,778)

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).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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Devon Energy Corp., adjusted stockholders’ equity attributable to Devon

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Stockholders’ equity attributable to Devon	11,167)	9,262)	2,885)	5,802)	9,186)
Adjustments
Less: Net deferred tax asset (liability)¹	(1,463)	(280)	16)	(341)	(877)
Add: Allowance for doubtful accounts	9)	7)	11)	8)	8)
Add: Restructuring liabilities	115)	149)	172)	21)	63)
Add: Noncontrolling interests	129)	137)	134)	118)	—)
After Adjustment
Adjusted total equity	12,883)	9,835)	3,186)	6,290)	10,134)

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).

¹ Net deferred tax asset (liability). See details »

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Devon Energy Corp., adjusted capitalization table

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Short-term debt	251)	—)	—)	—)	162)
Current finance lease liabilities	8)	8)	8)	7)	—)
Long-term debt	6,189)	6,482)	4,298)	4,294)	5,785)
Long-term finance lease liabilities	249)	247)	244)	240)	—)
Total reported debt	6,697)	6,737)	4,550)	4,541)	5,947)
Stockholders’ equity attributable to Devon	11,167)	9,262)	2,885)	5,802)	9,186)
Total reported capital	17,864)	15,999)	7,435)	10,343)	15,133)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	338)
Add: Current operating lease liabilities²	13)	18)	1)	10)	—)
Add: Long-term operating lease liabilities³	8)	5)	2)	4)	—)
Adjusted total debt	6,718)	6,760)	4,553)	4,555)	6,285)
Adjustments to Equity
Less: Net deferred tax asset (liability)⁴	(1,463)	(280)	16)	(341)	(877)
Add: Allowance for doubtful accounts	9)	7)	11)	8)	8)
Add: Restructuring liabilities	115)	149)	172)	21)	63)
Add: Noncontrolling interests	129)	137)	134)	118)	—)
Adjusted total equity	12,883)	9,835)	3,186)	6,290)	10,134)
After Adjustment
Adjusted total capital	19,601)	16,595)	7,739)	10,845)	16,419)

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).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities. See details »

³ Long-term operating lease liabilities. See details »

⁴ Net deferred tax asset (liability). See details »

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Devon Energy Corp., adjusted net earnings (loss) attributable to Devon

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Net earnings (loss) attributable to Devon	6,015)	2,813)	(2,680)	(355)	3,064)
Adjustments
Add: Deferred income tax expense (benefit)¹	1,179)	49)	(328)	(25)	226)
Add: Increase (decrease) in allowance for doubtful accounts	2)	(4)	3)	2)	(3)
Add: Increase (decrease) in restructuring liabilities	(34)	(23)	151)	(21)	13)
Less: Net earnings (loss) from discontinued operations, net of income taxes	—)	—)	(128)	(274)	2,460)
Add: Other comprehensive earnings (loss), net of tax	16)	(5)	(8)	(1,146)	(108)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	22)	20)	9)	2)	160)
After Adjustment
Adjusted net earnings (loss)	7,200)	2,850)	(2,725)	(1,269)	892)

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).

¹ Deferred income tax expense (benefit). See details »

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Devon Energy Corp. (NYSE:DVN)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Reported Income