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10-Q Filing

DEVON ENERGY CORP/DE CIK: 1090012 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0001193125-14-192498
Period End Date 20140331
Filing Date 20140509
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance dvn-20140331.xml
Filing Contents
Balance Sheet 75 line items
Line Item Tag Value Unit Period
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.10 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.10 USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 1.00B shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 1.00B shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $6.07B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $5.28B USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 406.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.03B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $4.64B USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 408.00M shares Point-in-time
Accounts receivable AccountsReceivableNetCurrent $2.58B USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $1.52B USD Point-in-time
Other current assets OtherAssetsCurrent $413.00M USD Point-in-time
Other current assets OtherAssetsCurrent $419.00M USD Point-in-time
Total current assets AssetsCurrent $8.01B USD Point-in-time
Total current assets AssetsCurrent $5.02B USD Point-in-time
Subject to amortization CapitalizedCostsProvedProperties $74.00B USD Point-in-time
Subject to amortization CapitalizedCostsProvedProperties $79.40B USD Point-in-time
Not subject to amortization CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative $3.82B USD Point-in-time
Not subject to amortization CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative $2.79B USD Point-in-time
Total oil and gas OilAndGasPropertyFullCostMethodGross $83.22B USD Point-in-time
Total oil and gas OilAndGasPropertyFullCostMethodGross $76.79B USD Point-in-time
Other PropertyPlantAndEquipmentOther $8.80B USD Point-in-time
Other PropertyPlantAndEquipmentOther $6.20B USD Point-in-time
Total property and equipment, at cost PropertyPlantAndEquipmentGross $82.98B USD Point-in-time
Total property and equipment, at cost PropertyPlantAndEquipmentGross $92.02B USD Point-in-time
Less accumulated depreciation, depletion and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $54.59B USD Point-in-time
Less accumulated depreciation, depletion and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $54.53B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $37.43B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $28.45B USD Point-in-time
Goodwill Goodwill $5.86B USD Point-in-time
Goodwill Goodwill $9.15B USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $1.16B USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $567.00M USD Point-in-time
Total assets Assets $42.88B USD Point-in-time
Total assets Assets $52.77B USD Point-in-time
Accounts payable AccountsPayableTradeCurrent $1.23B USD Point-in-time
Accounts payable AccountsPayableTradeCurrent $1.58B USD Point-in-time
Revenues and royalties payable AccountsPayableOtherCurrent $1.53B USD Point-in-time
Revenues and royalties payable AccountsPayableOtherCurrent $786.00M USD Point-in-time
Short-term debt DebtCurrent $4.07B USD Point-in-time
Short-term debt DebtCurrent $3.77B USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $697.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $574.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $6.66B USD Point-in-time
Total current liabilities LiabilitiesCurrent $7.58B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $11.74B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $7.96B USD Point-in-time
Asset retirement obligations AssetRetirementObligationsNoncurrent $2.09B USD Point-in-time
Asset retirement obligations AssetRetirementObligationsNoncurrent $2.22B USD Point-in-time
Asset retirement obligations AssetRetirementObligationsNoncurrent $2.14B USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $834.00M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $933.00M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $5.25B USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $4.79B USD Point-in-time
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 408 million and 406 million shares in 2014 and 2013, respectively CommonStockValue $41.00M USD Point-in-time
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 408 million and 406 million shares in 2014 and 2013, respectively CommonStockValue $41.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.84B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $3.78B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $15.41B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $15.64B USD Point-in-time
Accumulated other comprehensive earnings AccumulatedOtherComprehensiveIncomeLossNetOfTax $1.27B USD Point-in-time
Accumulated other comprehensive earnings AccumulatedOtherComprehensiveIncomeLossNetOfTax $1.59B USD Point-in-time
Accumulated other comprehensive earnings AccumulatedOtherComprehensiveIncomeLossNetOfTax $973.00M USD Point-in-time
Total stockholders' equity attributable to Devon StockholdersEquity $20.49B USD Point-in-time
Total stockholders' equity attributable to Devon StockholdersEquity $20.50B USD Point-in-time
Noncontrolling interests MinorityInterest $4.55B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $19.71B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $20.50B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $25.05B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $21.28B USD Point-in-time
Commitments and contingencies (Note 17) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 17) CommitmentsAndContingencies - USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $42.88B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $52.77B USD Point-in-time
Income Statement 54 line items
Line Item Tag Value Unit Period
Oil, gas and NGL sales OilAndGasSalesRevenue $1.80B USD 1 Quarter
Oil, gas and NGL sales OilAndGasSalesRevenue $2.56B USD 1 Quarter
Oil, gas and NGL derivatives GainLossOnOilAndGasHedgingActivity $-320.00M USD 1 Quarter
Oil, gas and NGL derivatives GainLossOnOilAndGasHedgingActivity $-320.00M USD 1 Quarter
Marketing and midstream revenues GasGatheringTransportationMarketingAndProcessingRevenue $487.00M USD 1 Quarter
Marketing and midstream revenues GasGatheringTransportationMarketingAndProcessingRevenue $1.49B USD 1 Quarter
Total operating revenues Revenues $3.73B USD 1 Quarter
Total operating revenues Revenues $1.97B USD 1 Quarter
Lease operating expenses LeaseOperatingExpense $598.00M USD 1 Quarter
Lease operating expenses LeaseOperatingExpense $525.00M USD 1 Quarter
Marketing and midstream operating expenses GasGatheringTransportationMarketingAndProcessingCosts $1.30B USD 1 Quarter
Marketing and midstream operating expenses GasGatheringTransportationMarketingAndProcessingCosts $363.00M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $150.00M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $211.00M USD 1 Quarter
Production and property taxes TaxesExcludingIncomeAndExciseTaxes $113.00M USD 1 Quarter
Production and property taxes TaxesExcludingIncomeAndExciseTaxes $137.00M USD 1 Quarter
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $739.00M USD 1 Quarter
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $704.00M USD 1 Quarter
Asset impairments AssetImpairmentCharges $1.91B USD 1 Quarter
Restructuring costs RestructuringCharges $37.00M USD 1 Quarter
Restructuring costs RestructuringCharges $38.00M USD 1 Quarter
Other operating items OtherCostAndExpenseOperating $8.00M USD 1 Quarter
Other operating items OtherCostAndExpenseOperating $22.00M USD 1 Quarter
Total operating expenses OperatingExpenses $3.04B USD 1 Quarter
Total operating expenses OperatingExpenses $3.83B USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-1.86B USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $690.00M USD 1 Quarter
Net financing costs FinancingCostsNet $103.00M USD 1 Quarter
Net financing costs FinancingCostsNet $112.00M USD 1 Quarter
Other nonoperating items OtherNonoperatingIncomeExpense $-2.00M USD 1 Quarter
Other nonoperating items OtherNonoperatingIncomeExpense $-18.00M USD 1 Quarter
Earnings (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-1.96B USD 1 Quarter
Earnings (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $560.00M USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $231.00M USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $-623.00M USD 1 Quarter
Net earnings (loss) ProfitLoss $329.00M USD 1 Quarter
Net earnings (loss) ProfitLoss $-1.34B USD 1 Quarter
Net earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-5.00M USD 1 Quarter
Net earnings (loss) attributable to Devon NetIncomeLoss $324.00M USD 1 Quarter
Net earnings (loss) attributable to Devon NetIncomeLoss $-1.34B USD 1 Quarter
Basic EarningsPerShareBasic $0.80 USD 1 Quarter
Basic EarningsPerShareBasic $-3.34 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.79 USD 1 Quarter
Diluted EarningsPerShareDiluted $-3.34 USD 1 Quarter
Net earnings (loss) ProfitLoss $329.00M USD 1 Quarter
Net earnings (loss) ProfitLoss $-1.34B USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-298.00M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-183.00M USD 1 Quarter
Pension and postretirement plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-4.00M USD 1 Quarter
Pension and postretirement plans OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-3.00M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-179.00M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-295.00M USD 1 Quarter
Comprehensive earnings (loss) ComprehensiveIncomeNetOfTax $-1.52B USD 1 Quarter
Comprehensive earnings (loss) ComprehensiveIncomeNetOfTax $34.00M USD 1 Quarter
Cash Flow Statement 59 line items
Line Item Tag Value Unit Period
Net earnings (loss) ProfitLoss $329.00M USD 1 Quarter
Net earnings (loss) ProfitLoss $-1.34B USD 1 Quarter
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $739.00M USD 1 Quarter
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $704.00M USD 1 Quarter
Asset impairments AssetImpairmentCharges $1.91B USD 1 Quarter
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $-623.00M USD 1 Quarter
Deferred income tax expense (benefit) DeferredIncomeTaxExpenseBenefit $208.00M USD 1 Quarter
Derivatives and other financial instruments DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet $-305.00M USD 1 Quarter
Derivatives and other financial instruments DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet $-307.00M USD 1 Quarter
Cash settlements on derivatives and financial instruments CashSettlementsOnDerivativesAndFinancialInstruments $114.00M USD 1 Quarter
Cash settlements on derivatives and financial instruments CashSettlementsOnDerivativesAndFinancialInstruments $-54.00M USD 1 Quarter
Other noncash charges OtherNoncashExpense $108.00M USD 1 Quarter
Other noncash charges OtherNoncashExpense $83.00M USD 1 Quarter
Net change in working capital IncreaseDecreaseInOperatingCapital $152.00M USD 1 Quarter
Net change in working capital IncreaseDecreaseInOperatingCapital $158.00M USD 1 Quarter
Change in long-term other assets IncreaseDecreaseInOtherOperatingAssets $88.00M USD 1 Quarter
Change in long-term other assets IncreaseDecreaseInOtherOperatingAssets $6.00M USD 1 Quarter
Change in long-term other liabilities IncreaseDecreaseInOtherOperatingLiabilities $13.00M USD 1 Quarter
Change in long-term other liabilities IncreaseDecreaseInOtherOperatingLiabilities $9.00M USD 1 Quarter
Net cash from operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $1.41B USD 1 Quarter
Net cash from operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $1.00B USD 1 Quarter
Acquisition of GeoSouthern PaymentsToAcquireBusinessesNetOfCashAcquired $5.93B USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $1.93B USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $1.58B USD 1 Quarter
Proceeds from property and equipment divestitures ProceedsFromSaleOfProductiveAssets $142.00M USD 1 Quarter
Proceeds from property and equipment divestitures ProceedsFromSaleOfProductiveAssets $29.00M USD 1 Quarter
Purchases of short-term investments PaymentsToAcquireShortTermInvestments $871.00M USD 1 Quarter
Redemptions of short-term investments ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments $1.99B USD 1 Quarter
Redemptions of long-term investments ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities $1.00M USD 1 Quarter
Redemptions of long-term investments ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities $57.00M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-37.00M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $3.00M USD 1 Quarter
Net cash from investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-782.00M USD 1 Quarter
Net cash from investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-7.28B USD 1 Quarter
Proceeds from borrowings of long-term debt, net of issuance costs ProceedsFromDebtNetOfIssuanceCosts $3.35B USD 1 Quarter
Net short-term debt borrowings ProceedsFromRepaymentsOfCommercialPaper $508.00M USD 1 Quarter
Net short-term debt borrowings ProceedsFromRepaymentsOfCommercialPaper $257.00M USD 1 Quarter
Long-term debt repayments RepaymentsOfLongTermDebt $1.58B USD 1 Quarter
Proceeds from stock option exercises ProceedsFromStockOptionsExercised $11.00M USD 1 Quarter
Dividends paid on common stock PaymentsOfOrdinaryDividends $81.00M USD 1 Quarter
Dividends paid on common stock PaymentsOfOrdinaryDividends $90.00M USD 1 Quarter
Excess tax benefits related to share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $1.00M USD 1 Quarter
Excess tax benefits related to share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $3.00M USD 1 Quarter
Distributions to noncontrolling interests PaymentsToMinorityShareholders $100.00M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-4.00M USD 1 Quarter
Net cash from financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $1.84B USD 1 Quarter
Net cash from financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $430.00M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-11.00M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-12.00M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $638.00M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-4.04B USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $6.07B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $5.28B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $2.03B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $4.64B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $6.07B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $5.28B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $2.03B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $4.64B USD Point-in-time
Stockholders Equity 24 line items
Line Item Tag Value Unit Period
Balance, StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $19.71B USD Point-in-time
Balance, StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $20.50B USD Point-in-time
Balance, StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $25.05B USD Point-in-time
Balance, StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $21.28B USD Point-in-time
Net earnings (loss) ProfitLoss $329.00M USD 1 Quarter
Net earnings (loss) ProfitLoss $-1.34B USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-179.00M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-295.00M USD 1 Quarter
Stock option exercises StockIssuedDuringPeriodValueStockOptionsExercised $11.00M USD 1 Quarter
Common stock repurchased TreasuryStockValueAcquiredCostMethod $3.00M USD 1 Quarter
Common stock repurchased TreasuryStockValueAcquiredCostMethod $6.00M USD 1 Quarter
Common stock dividends DividendsCommonStock $81.00M USD 1 Quarter
Common stock dividends DividendsCommonStock $90.00M USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $47.00M USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $32.00M USD 1 Quarter
Share-based compensation tax benefits AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation $3.00M USD 1 Quarter
Share-based compensation tax benefits AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation $1.00M USD 1 Quarter
Acquistion of noncontrolling interests NoncontrollingInterestIncreaseFromBusinessCombination $4.65B USD 1 Quarter
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $100.00M USD 1 Quarter
Other StockholdersEquityOther $5.00M USD 1 Quarter
Balance, StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $19.71B USD Point-in-time
Balance, StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $20.50B USD Point-in-time
Balance, StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $25.05B USD Point-in-time
Balance, StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $21.28B USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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