Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Devon Energy Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Accounts payable	859)	500)	242)	428)	662)
Revenues and royalties payable	1,506)	1,456)	662)	730)	898)
Short-term debt	251)	—)	—)	—)	162)
Current finance lease liabilities	8)	8)	8)	7)	—)
Current operating lease liabilities	13)	18)	1)	10)	—)
Current lease liabilities	21)	26)	9)	17)	—)
Other current liabilities	468)	1,105)	527)	293)	435)
Current liabilities associated with discontinued operations	—)	—)	—)	459)	69)
Current liabilities	3,105)	3,087)	1,440)	1,927)	2,226)
Long-term debt	6,189)	6,482)	4,298)	4,294)	5,785)
Long-term finance lease liabilities	249)	247)	244)	240)	—)
Long-term operating lease liabilities	8)	5)	2)	4)	—)
Long-term lease liabilities	257)	252)	246)	244)	—)
Asset retirement obligations	511)	468)	358)	380)	1,030)
Other long-term liabilities	900)	1,050)	551)	426)	462)
Deferred income taxes	1,463)	287)	—)	341)	877)
Long-term liabilities associated with discontinued operations	—)	—)	—)	185)	—)
Long-term liabilities	9,320)	8,539)	5,453)	5,870)	8,154)
Total liabilities	12,425)	11,626)	6,893)	7,797)	10,380)
Common stock, $0.10 par value	65)	66)	38)	38)	45)
Additional paid-in capital	6,921)	7,636)	2,766)	2,735)	4,486)
Retained earnings	4,297)	1,692)	208)	3,148)	3,650)
Accumulated other comprehensive earnings (loss)	(116)	(132)	(127)	(119)	1,027)
Treasury stock, at cost	—)	—)	—)	—)	(22)
Stockholders’ equity attributable to Devon	11,167)	9,262)	2,885)	5,802)	9,186)
Noncontrolling interests	129)	137)	134)	118)	—)
Total equity	11,296)	9,399)	3,019)	5,920)	9,186)
Total liabilities and equity	23,721)	21,025)	9,912)	13,717)	19,566)

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).

Download chart

Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Devon Energy Corp. current liabilities increased from 2020 to 2021 and from 2021 to 2022.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Devon Energy Corp. long-term liabilities increased from 2020 to 2021 and from 2021 to 2022.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Devon Energy Corp. total liabilities increased from 2020 to 2021 and from 2021 to 2022.
Stockholders’ equity attributable to Devon	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Devon Energy Corp. stockholders’ equity attributable to Devon increased from 2020 to 2021 and from 2021 to 2022.

Devon Energy Corp. (NYSE:DVN)

Balance Sheet: Liabilities and Stockholders’ Equity