Devon Energy Corporation (DVN)

Devon Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	15,031	15,258	19,169	12,206	4,828	6,220
Revenue Growth (YoY)	-21.63%	-20.40%	57.05%	152.82%	-22.38%	-30.08%
Cost of Revenue	7,423	7,337	8,577	6,369	3,136	4,009
Gross Profit	7,608	7,921	10,592	5,837	1,692	2,211
Selling, General & Admin	416	408	395	391	338	475
Research & Development	26	20	29	14	167	58
Other Operating Expenses	2,632	2,524	2,179	2,248	4,041	1,533
Operating Expenses	3,074	2,952	2,603	2,653	4,546	2,066
Operating Income	4,534	4,969	7,989	3,184	-2,854	145
Interest Expense / Income	312	308	309	329	270	250
Other Expense / Income	95	73	-73	-23	103	280
Pretax Income	4,127	4,588	7,753	2,878	-3,227	-385
Income Tax	779	841	1,738	65	-547	-30
Net Income	3,348	3,747	6,015	2,813	-2,680	-355
Net Income Growth	-44.39%	-37.71%	113.83%	-	-	-
Shares Outstanding (Basic)	635	640	654	677	383	384
Shares Change	-2.91%	-2.10%	-3.44%	76.99%	-0.42%	-17.96%
EPS (Basic)	5.27	5.86	9.15	4.20	-7.12	-0.89
EPS (Diluted)	5.24	5.84	9.12	4.19	-7.12	-0.89
EPS Growth	-42.92%	-35.96%	117.66%	-	-	-
Free Cash Flow	2,803	2,623	3,444	2,971	227	520
Free Cash Flow Per Share	4.41	4.10	5.27	4.39	0.59	1.35
Dividend Per Share	2.420	2.870	5.170	1.860	0.680	0.350
Dividend Growth	-52.17%	-44.49%	177.96%	173.53%	94.29%	16.67%
Gross Margin	50.62%	51.91%	55.26%	47.82%	35.05%	35.55%
Operating Margin	30.16%	32.57%	41.68%	26.09%	-59.11%	2.33%
Profit Margin	22.27%	24.56%	31.38%	23.05%	-55.51%	-5.71%
Free Cash Flow Margin	18.65%	17.19%	17.97%	24.34%	4.70%	8.36%
Effective Tax Rate	18.88%	18.33%	22.42%	2.26%	-	-
EBITDA	7,100	7,450	10,285	5,365	-1,657	1,362
EBITDA Margin	47.24%	48.83%	53.65%	43.95%	-34.32%	21.90%
Depreciation & Amortization	2,661	2,554	2,223	2,158	1,300	1,497
EBIT	4,439	4,896	8,062	3,207	-2,957	-135
EBIT Margin	29.53%	32.09%	42.06%	26.27%	-61.25%	-2.17%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).