DEVON ENERGY CORPDE
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
DVN$43.41+2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net earnings | $3,782 | $6,037 | $2,833 |
| Adjustments to reconcile net earnings to net cash from operating activities: | |||
| Depreciation, depletion and amortization | 2,554 | 2,223 | 2,158 |
| Leasehold impairments | 5 | 12 | 4 |
| Amortization of liabilities | (16) | (31) | (27) |
| Total (gains) losses on commodity derivatives | (118) | 658 | 1,544 |
| Cash settlements on commodity derivatives | 47 | (1,356) | (1,462) |
| Gains on asset dispositions | (30) | (44) | (168) |
| Deferred income tax expense | 376 | 1,179 | 49 |
| Share-based compensation | 93 | 88 | 99 |
| Early retirement of debt | — | — | (30) |
| Other | (5) | (10) | 15 |
| Changes in assets and liabilities, net | (144) | (226) | (116) |
| Net cash from operating activities | 6,544 | 8,530 | 4,899 |
| Cash flows from investing activities: | |||
| Capital expenditures | (3,883) | (2,542) | (1,989) |
| Acquisitions of property and equipment | (64) | (2,583) | (18) |
| Divestitures of property and equipment | 26 | 39 | 79 |
| WPX acquired cash | — | — | 344 |
| Distributions from investments | 32 | 39 | 35 |
| Contributions to investments and other | (53) | (76) | (25) |
| Net cash from investing activities | (3,942) | (5,123) | (1,574) |
| Cash flows from financing activities: | |||
| Repayments of long-term debt | (242) | — | (1,243) |
| Early retirement of debt | — | — | (59) |
| Repurchases of common stock | (979) | (718) | (589) |
| Dividends paid on common stock | (1,858) | (3,379) | (1,315) |
| Contributions from noncontrolling interests | 37 | — | 4 |
| Distributions to noncontrolling interests | (45) | (30) | (21) |
| Acquisition of noncontrolling interests | — | — | (24) |
| Shares exchanged for tax withholdings and other | (97) | (86) | (45) |
| Net cash from financing activities | (3,184) | (4,213) | (3,292) |
| Effect of exchange rate changes on cash | 3 | (11) | 1 |
| Net change in cash, cash equivalents and restricted cash | (579) | (817) | 34 |
| Cash, cash equivalents and restricted cash at beginning of period | 1,454 | 2,271 | 2,237 |
| Cash, cash equivalents and restricted cash at end of period | $875 | $1,454 | $2,271 |
| Reconciliation of cash, cash equivalents and restricted cash: | |||
| Cash and cash equivalents | $853 | $1,314 | $2,099 |
| Restricted cash | 22 | 140 | 172 |
| Total cash, cash equivalents and restricted cash | $875 | $1,454 | $2,271 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.