Devon Energy (DVN) FY2012 results: revenue $9.5 billion, down 17.0% on the year
Devon Energy Corp. (DVN) reported revenue of $9.5 billion for fiscal 2012, the year ended 31 December 2012, down 17.0% on the year before. Net income was -$206 million, and diluted earnings per share $-0.52. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2013.
Revenue
$9.5 billion
-17.0% on the year
FY2007FY2012
Operating margin
0.8%
40.4% a year earlier
FY2007FY2012
Net income
-$206 million
FY2007FY2012
Diluted EPS
-$0.52
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
9,502
11,454
9,940
-17.0%
Operating income
74.0
4,632
3,568
-98.4%
Operating margin
0.8%
40.4%
35.9%
Interest expense
406
352
363
+15.3%
Pre-tax income
-317
4,290
3,568
Income tax
-132
2,156
1,235
Effective tax rate
n/a
50.3%
34.6%
Net income
-206
4,704
4,550
Net margin
-2.2%
41.1%
45.8%
Diluted EPS
-$0.52
$11.25
$10.31
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
4,956
6,224
5,478
-20.4%
Capital expenditure
8,225
7,534
6,476
+9.2%
Free cash flow
-3,269
-1,310
-998
Free cash flow margin
-34.4%
-11.4%
-10.0%
Cash from investing
-7,526
-5,646
-112
Cash from financing
1,629
1,691
-3,104
-3.7%
Depreciation and amortisation
2,811
2,248
1,930
+25.0%
Share-based compensation
179
181
188
-1.1%
Buybacks
n/a
2,332
1,168
Dividends paid
324
278
281
+16.5%
Dividend per share
n/a
$0.67
$0.64
Diluted shares, weighted
400m
414m
n/a
-3.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
21,278
21,430
19,253
-0.7%
Debt
11,644
9,780
5,630
+19.1%
Other liabilities
10,404
9,754
8,044
+6.7%
Total liabilities and equity
43,326
40,964
32,927
+5.8%
Fixed assets
27,316
24,774
19,652
+10.3%
Goodwill
6,079
6,013
6,080
+1.1%
Investments
2,343
1,503
145
+55.9%
Cash and equivalents
4,637
5,555
3,290
-16.5%
Receivables
1,245
1,379
1,202
-9.7%
Inventory
110
102
120
+7.8%
Other assets
1,596
1,638
2,438
-2.6%
Total assets
43,326
40,964
32,927
+5.8%
10-K for the year ended 31 December 2012, filed 21 February 2013: the filing.