DEVON ENERGY CORPDE
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
DVN$43.41+2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (Unaudited) | ||||
| Cash flows from operating activities: | ||||
| Net earnings | $855 | $698 | $1,464 | $1,701 |
| Adjustments to reconcile net earnings to net cash from operating activities: | ||||
| Depreciation, depletion and amortization | 768 | 638 | 1,490 | 1,253 |
| Leasehold impairments | 1 | 3 | 1 | 3 |
| Amortization of liabilities | — | (8) | — | (15) |
| Total (gains) losses on commodity derivatives | (23) | 76 | 122 | 12 |
| Cash settlements on commodity derivatives | 54 | 37 | 78 | 50 |
| (Gains) losses on asset dispositions | 15 | (41) | 16 | (41) |
| Deferred income tax expense | 39 | 119 | 79 | 199 |
| Share-based compensation | 27 | 25 | 51 | 48 |
| Other | — | (2) | 3 | — |
| Changes in assets and liabilities, net | (201) | (140) | (31) | (128) |
| Net cash from operating activities | 1,535 | 1,405 | 3,273 | 3,082 |
| Cash flows from investing activities: | ||||
| Capital expenditures | (948) | (1,079) | (1,842) | (2,091) |
| Acquisitions of property and equipment | (82) | (18) | (90) | (31) |
| Divestitures of property and equipment | 1 | 1 | 18 | 22 |
| Distributions from investments | 11 | 9 | 22 | 17 |
| Contributions to investments and other | (1) | (15) | (48) | (52) |
| Net cash from investing activities | (1,019) | (1,102) | (1,940) | (2,135) |
| Cash flows from financing activities: | ||||
| Repurchases of common stock | (256) | (228) | (461) | (745) |
| Dividends paid on common stock | (223) | (462) | (522) | (1,058) |
| Contributions from noncontrolling interests | 12 | 8 | 24 | 8 |
| Distributions to noncontrolling interests | (19) | (13) | (26) | (24) |
| Shares exchanged for tax withholdings and other | (9) | (9) | (51) | (96) |
| Net cash from financing activities | (495) | (704) | (1,036) | (1,915) |
| Effect of exchange rate changes on cash | (1) | 2 | (3) | 2 |
| Net change in cash, cash equivalents and restricted cash | 20 | (399) | 294 | (966) |
| Cash, cash equivalents and restricted cash at beginning of period | 1,149 | 887 | 875 | 1,454 |
| Cash, cash equivalents and restricted cash at end of period | $1,169 | $488 | $1,169 | $488 |
| Reconciliation of cash, cash equivalents and restricted cash: | ||||
| Cash and cash equivalents | $1,140 | $372 | $1,140 | $372 |
| Restricted cash | 29 | 116 | 29 | 116 |
| Total cash, cash equivalents and restricted cash | $1,169 | $488 | $1,169 | $488 |
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