DEVON ENERGY CORPDE
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
DVN$42.40+0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
ANCE SHEETS
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash, cash equivalents and restricted cash | $875 | $1,454 |
| Accounts receivable | 1,573 | 1,767 |
| Inventory | 249 | 201 |
| Other current assets | 460 | 469 |
| Total current assets | 3,157 | 3,891 |
| Oil and gas property and equipment, based on successful efforts accounting, net | 17,825 | 16,567 |
| Other property and equipment, net ($136 million and $109 million related to CDM in 2023 and 2022, respectively) | 1,503 | 1,539 |
| Total property and equipment, net | 19,328 | 18,106 |
| Goodwill | 753 | 753 |
| Right-of-use assets | 267 | 224 |
| Investments | 666 | 440 |
| Other long-term assets | 319 | 307 |
| Total assets | $24,490 | $23,721 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $760 | $859 |
| Revenues and royalties payable | 1,222 | 1,506 |
| Short-term debt | 483 | 251 |
| Other current liabilities | 484 | 489 |
| Total current liabilities | 2,949 | 3,105 |
| Long-term debt | 5,672 | 6,189 |
| Lease liabilities | 295 | 257 |
| Asset retirement obligations | 643 | 511 |
| Other long-term liabilities | 876 | 900 |
| Deferred income taxes | 1,838 | 1,463 |
| Stockholders' equity: | ||
| Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 636 million and 653 million shares in 2023 and 2022, respectively | 64 | 65 |
| Additional paid-in capital | 5,939 | 6,921 |
| Retained earnings | 6,195 | 4,297 |
| Accumulated other comprehensive loss | (124) | (116) |
| Treasury stock, at cost, 0.3 million shares in 2023 | (13) | — |
| Total stockholders’ equity attributable to Devon | 12,061 | 11,167 |
| Noncontrolling interests | 156 | 129 |
| Total equity | 12,217 | 11,296 |
| Total liabilities and equity | $24,490 | $23,721 |
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