Selected Financial Data
since 2005
Income Statement
Devon Energy Corp., selected items from income statement, long-term trends
US$ in millions
| 12 months ended: | Revenues | Net earnings (loss) attributable to Devon |
|---|---|---|
| Dec 31, 2022 | 19,169) | 6,015) |
| Dec 31, 2021 | 12,206) | 2,813) |
| Dec 31, 2020 | 4,828) | (2,680) |
| Dec 31, 2019 | 6,220) | (355) |
| Dec 31, 2018 | 10,734) | 3,064) |
| Dec 31, 2017 | 13,949) | 898) |
| Dec 31, 2016 | 10,304) | (3,302) |
| Dec 31, 2015 | 13,145) | (14,454) |
| Dec 31, 2014 | 19,566) | 1,607) |
| Dec 31, 2013 | 10,397) | (20) |
| Dec 31, 2012 | 9,502) | (206) |
| Dec 31, 2011 | 11,454) | 4,704) |
| Dec 31, 2010 | 9,940) | 4,550) |
| Dec 31, 2009 | 8,015) | (2,479) |
| Dec 31, 2008 | 15,211) | (2,148) |
| Dec 31, 2007 | 11,362) | 3,606) |
| Dec 31, 2006 | 10,578) | 2,846) |
| Dec 31, 2005 | 10,741) | 2,930) |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
- Revenues:
- The revenues of Devon Energy Corp. fluctuated over the years, with an increasing trend from 2005 to 2014, peaking in 2014, followed by a decline until 2020. There was a significant increase in 2021 and 2022.
- Net Earnings (Loss) Attributable to Devon:
- The net earnings (loss) attributable to Devon showed volatility, with positive values in most years. However, there were substantial losses in 2008, 2009, 2014, and 2020. The earnings rebounded in 2021 and 2022.
Balance Sheet: Assets
Devon Energy Corp., selected items from assets, long-term trends
US$ in millions
| Current assets | Total assets | |
|---|---|---|
| Dec 31, 2022 | 3,891) | 23,721) |
| Dec 31, 2021 | 4,249) | 21,025) |
| Dec 31, 2020 | 3,260) | 9,912) |
| Dec 31, 2019 | 3,851) | 13,717) |
| Dec 31, 2018 | 4,437) | 19,566) |
| Dec 31, 2017 | 4,791) | 30,241) |
| Dec 31, 2016 | 3,772) | 25,913) |
| Dec 31, 2015 | 4,026) | 29,532) |
| Dec 31, 2014 | 6,498) | 50,637) |
| Dec 31, 2013 | 8,005) | 42,877) |
| Dec 31, 2012 | 8,971) | 43,326) |
| Dec 31, 2011 | 9,305) | 41,117) |
| Dec 31, 2010 | 5,555) | 32,927) |
| Dec 31, 2009 | 2,992) | 29,686) |
| Dec 31, 2008 | 2,684) | 31,908) |
| Dec 31, 2007 | 3,914) | 41,456) |
| Dec 31, 2006 | 3,212) | 35,063) |
| Dec 31, 2005 | 4,206) | 30,273) |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
- Current Assets:
- The trend in current assets shows a general increase from 2005 to 2010, with a peak in 2011. However, there is a significant decrease from 2011 to 2015, followed by a slight recovery in the subsequent years.
- Total Assets:
- Total assets experienced a steady rise from 2005 to 2014, reaching a peak in 2014. Thereafter, a sharp decline is observed until 2018, followed by a slight increase in the last few years.
Balance Sheet: Liabilities and Stockholders’ Equity
Devon Energy Corp., selected items from liabilities and stockholders’ equity, long-term trends
US$ in millions
| Current liabilities | Total debt | Stockholders’ equity attributable to Devon | |
|---|---|---|---|
| Dec 31, 2022 | 3,105) | 6,440) | 11,167) |
| Dec 31, 2021 | 3,087) | 6,482) | 9,262) |
| Dec 31, 2020 | 1,440) | 4,298) | 2,885) |
| Dec 31, 2019 | 1,927) | 4,294) | 5,802) |
| Dec 31, 2018 | 2,226) | 5,947) | 9,186) |
| Dec 31, 2017 | 3,315) | 10,406) | 9,254) |
| Dec 31, 2016 | 2,616) | 10,154) | 5,927) |
| Dec 31, 2015 | 3,295) | 13,113) | 7,049) |
| Dec 31, 2014 | 5,935) | 11,262) | 21,539) |
| Dec 31, 2013 | 6,655) | 12,022) | 20,499) |
| Dec 31, 2012 | 6,003) | 11,644) | 21,278) |
| Dec 31, 2011 | 6,738) | 9,780) | 21,430) |
| Dec 31, 2010 | 4,583) | 5,630) | 19,253) |
| Dec 31, 2009 | 3,802) | 7,279) | 15,570) |
| Dec 31, 2008 | 3,135) | 5,841) | 17,060) |
| Dec 31, 2007 | 3,657) | 7,928) | 22,006) |
| Dec 31, 2006 | 4,645) | 7,773) | 17,442) |
| Dec 31, 2005 | 2,934) | 6,619) | 14,862) |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
- Current Liabilities:
- The trend in current liabilities shows fluctuations over the years, with a notable increase from 2005 to 2011, followed by a decline. There was a significant decrease from 2014 to 2017, but a subsequent increase by 2022.
- Total Debt:
- Total debt increased from 2005 to 2012, with a peak in 2013. However, there was a decreasing trend from 2013 to 2018, followed by a slight increase by 2022.
- Stockholders’ Equity:
- Stockholders’ equity attributable to Devon experienced fluctuations, with a peak in 2007 and a significant drop in 2008. There was a gradual increase until 2013, followed by a sharp decline in the subsequent years, albeit showing a slight recovery by 2022.
Cash Flow Statement
Devon Energy Corp., selected items from cash flow statement, long-term trends
US$ in millions
| 12 months ended: | Net cash from operating activities | Net cash from investing activities | Net cash from financing activities |
|---|---|---|---|
| Dec 31, 2022 | 8,530) | (5,123) | (4,213) |
| Dec 31, 2021 | 4,899) | (1,574) | (3,292) |
| Dec 31, 2020 | 1,464) | (1,127) | (306) |
| Dec 31, 2019 | 2,043) | (1,551) | (2,061) |
| Dec 31, 2018 | 2,228) | (1,493) | (4,386) |
| Dec 31, 2017 | 2,909) | (2,210) | 9) |
| Dec 31, 2016 | 1,746) | (872) | (1,164) |
| Dec 31, 2015 | 5,383) | (6,324) | 1,848) |
| Dec 31, 2014 | 5,981) | (8,184) | (2,354) |
| Dec 31, 2013 | 5,436) | (3,999) | 20) |
| Dec 31, 2012 | 4,930) | (7,583) | 1,629) |
| Dec 31, 2011 | 6,246) | (8,792) | 1,691) |
| Dec 31, 2010 | 5,022) | (2,309) | (3,104) |
| Dec 31, 2009 | 4,232) | (4,855) | 1,201) |
| Dec 31, 2008 | 9,273) | (8,728) | (3,408) |
| Dec 31, 2007 | 6,162) | (5,880) | (371) |
| Dec 31, 2006 | 5,936) | (7,405) | 593) |
| Dec 31, 2005 | 5,612) | (1,652) | (3,543) |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
- Net cash from operating activities
- The trend in net cash from operating activities shows a fluctuating pattern over the years, with a general increase from 2005 to 2008, a dip in 2009, followed by a mix of ups and downs with no clear trend from 2010 to 2022.
- Net cash from investing activities
- Net cash from investing activities experienced a significant decrease from 2005 to 2008, followed by fluctuations with both positive and negative values throughout the remaining years, indicating varying investment patterns.
- Net cash from financing activities
- The trend in net cash from financing activities shows fluctuations across the years, with both positive and negative values. There is no clear direction in the financing activities over the period analyzed.
Per Share Data
Devon Energy Corp., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Dec 31, 2022 | 9.15 | 9.12 | 5.17 |
| Dec 31, 2021 | 4.20 | 4.19 | 1.97 |
| Dec 31, 2020 | -7.12 | -7.12 | 0.68 |
| Dec 31, 2019 | -0.89 | -0.89 | 0.35 |
| Dec 31, 2018 | 6.14 | 6.10 | 0.30 |
| Dec 31, 2017 | 1.71 | 1.70 | 0.24 |
| Dec 31, 2016 | -6.52 | -6.52 | 0.42 |
| Dec 31, 2015 | -35.55 | -35.55 | 0.96 |
| Dec 31, 2014 | 3.93 | 3.91 | 0.94 |
| Dec 31, 2013 | -0.06 | -0.06 | 0.86 |
| Dec 31, 2012 | -0.52 | -0.52 | 0.80 |
| Dec 31, 2011 | 11.29 | 11.25 | 0.67 |
| Dec 31, 2010 | 10.35 | 10.31 | 0.64 |
| Dec 31, 2009 | -5.58 | -5.58 | 0.64 |
| Dec 31, 2008 | -4.85 | -4.85 | 0.64 |
| Dec 31, 2007 | 8.08 | 8.00 | 0.56 |
| Dec 31, 2006 | 6.42 | 6.34 | 0.45 |
| Dec 31, 2005 | 6.38 | 6.26 | 0.30 |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1, 2, 3 Data adjusted for splits and stock dividends.
- Basic Earnings per Share:
- The basic earnings per share for Devon Energy Corp. fluctuated over the years, with a significant decrease in 2015 followed by a recovery in 2016. The earnings per share showed a positive trend from 2016 to 2022, indicating improved profitability.
- Diluted Earnings per Share:
- Similar to basic earnings per share, diluted earnings per share experienced a notable decline in 2015 but displayed a positive trajectory from 2016 onwards. The trend suggests an enhancement in earnings potential despite the temporary setback in 2015.
- Dividend per Share:
- The dividend per share for Devon Energy Corp. demonstrated a relatively stable growth pattern over the years, with minor fluctuations. There was a substantial increase in dividend payout from 2014 to 2021, indicating the company's commitment to rewarding shareholders through dividends.