Devon Energy (DVN) FY2015 results: revenue $13.1 billion, down 36.3% on the year
Devon Energy Corp. (DVN) reported revenue of $13.1 billion for fiscal 2015, the year ended 31 December 2015, down 36.3% on the year before. Net income was -$12.9 billion, and diluted earnings per share $-31.72. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2016.
Revenue
$13.1 billion
-36.3% on the year
FY2008FY2015
Operating margin
-157.7%
22.8% a year earlier
FY2008FY2015
Net income
-$12.9 billion
FY2008FY2015
Diluted EPS
-$31.72
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
13,145
20,638
10,397
-36.3%
Operating income
-20,727
4,698
567
Operating margin
-157.7%
22.8%
5.5%
Interest expense
565
536
437
+5.4%
Pre-tax income
-19,858
4,059
149
Income tax
-6,213
2,368
169
Effective tax rate
n/a
58.3%
113.4%
Net income
-12,896
1,607
-20.0
Net margin
-98.1%
7.8%
-0.2%
Diluted EPS
-$31.72
$3.91
-$0.06
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
4,898
5,981
5,436
-18.1%
Capital expenditure
1,107
6,462
256
-82.9%
Free cash flow
3,791
-481
5,180
Free cash flow margin
28.8%
-2.3%
49.8%
Cash from investing
-5,803
-8,184
-3,999
Cash from financing
1,812
n/a
20.0
Depreciation and amortisation
4,022
3,319
2,780
+21.2%
Share-based compensation
244
163
157
+49.7%
Dividends paid
396
386
348
+2.6%
Diluted shares, weighted
407m
407m
402m
0.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
7,049
21,539
20,499
-67.3%
Non-controlling interest
3,940
4,802
n/a
-18.0%
Debt
13,032
11,262
12,022
+15.7%
Other liabilities
5,652
13,034
10,356
-56.6%
Total liabilities and equity
29,673
50,637
42,877
-41.4%
Fixed assets
20,986
36,296
28,447
-42.2%
Goodwill
3,337
6,303
5,858
-47.1%
Intangible assets
690
533
n/a
+29.5%
Cash and equivalents
2,310
1,480
6,066
+56.1%
Receivables
1,105
1,959
1,520
-43.6%
Other assets
1,245
4,066
986
-69.4%
Total assets
29,673
50,637
42,877
-41.4%
10-K for the year ended 31 December 2015, filed 17 February 2016: the filing.