DEVON ENERGY CORPDE
For the period ended Sep 30, 2024. Filed Nov 6, 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.
Sep 30, 2024 · Filed Nov 6, 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 September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (Unaudited) | ||||
| Cash flows from operating activities: | ||||
| Net earnings | $825 | $920 | $2,289 | $2,621 |
| Adjustments to reconcile net earnings to net cash from operating activities: | ||||
| Depreciation, depletion and amortization | 794 | 651 | 2,284 | 1,904 |
| Leasehold impairments | 1 | 1 | 2 | 4 |
| Accretion (amortization) of liabilities | 2 | (2) | 2 | (17) |
| Total (gains) losses on commodity derivatives | (227) | 194 | (105) | 206 |
| Cash settlements on commodity derivatives | 61 | (11) | 139 | 39 |
| (Gains) losses on asset dispositions | — | — | 16 | (41) |
| Deferred income tax expense | 164 | 13 | 243 | 212 |
| Share-based compensation | 24 | 22 | 75 | 70 |
| Other | 3 | (2) | 6 | (2) |
| Changes in assets and liabilities, net | 16 | (61) | (15) | (189) |
| Net cash from operating activities | 1,663 | 1,725 | 4,936 | 4,807 |
| Cash flows from investing activities: | ||||
| Capital expenditures | (877) | (882) | (2,719) | (2,973) |
| Acquisitions of property and equipment | (3,602) | (23) | (3,692) | (54) |
| Divestitures of property and equipment | — | 1 | 18 | 23 |
| Grayson Mill acquired cash | 147 | — | 147 | — |
| Distributions from investments | 13 | 7 | 35 | 24 |
| Contributions to investments and other | (30) | — | (78) | (52) |
| Net cash from investing activities | (4,349) | (897) | (6,289) | (3,032) |
| Cash flows from financing activities: | ||||
| Borrowings of long-term debt, net of issuance costs | 3,219 | — | 3,219 | — |
| Repayments of long-term debt | (472) | (242) | (472) | (242) |
| Repurchases of common stock | (295) | — | (756) | (745) |
| Dividends paid on common stock | (272) | (312) | (794) | (1,370) |
| Contributions from noncontrolling interests | 20 | 10 | 44 | 18 |
| Distributions to noncontrolling interests | (10) | (9) | (36) | (33) |
| Shares exchanged for tax withholdings and other | 2 | — | (49) | (96) |
| Net cash from financing activities | 2,192 | (553) | 1,156 | (2,468) |
| Effect of exchange rate changes on cash | 1 | (2) | (2) | — |
| Net change in cash, cash equivalents and restricted cash | (493) | 273 | (199) | (693) |
| Cash, cash equivalents and restricted cash at beginning of period | 1,169 | 488 | 875 | 1,454 |
| Cash, cash equivalents and restricted cash at end of period | $676 | $761 | $676 | $761 |
| Reconciliation of cash, cash equivalents and restricted cash: | ||||
| Cash and cash equivalents | $645 | $654 | $645 | $654 |
| Restricted cash | 31 | 107 | 31 | 107 |
| Total cash, cash equivalents and restricted cash | $676 | $761 | $676 | $761 |
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