Devon Energy (DVN) FY2021 results: revenue $12.2 billion, up 152.8% on the year
Devon Energy Corp. (DVN) reported revenue of $12.2 billion for fiscal 2021, the year ended 31 December 2021, up 152.8% on the year before. Net income was $2.8 billion, and diluted earnings per share $4.19. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2022.
Revenue
$12.2 billion
+152.8% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$2.8 billion
FY2014FY2021
Diluted EPS
$4.19
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
4,899
1,354
2,071
+261.8%
Capital expenditure
1,989
1,153
31.0
+72.5%
Free cash flow
2,910
201
2,040
+1,347.8%
Free cash flow margin
23.8%
4.2%
32.8%
Cash from investing
-1,574
n/a
n/a
Cash from financing
-3,292
n/a
n/a
Depreciation and amortisation
2,158
1,300
1,497
+66.0%
Share-based compensation
99.0
88.0
115
+12.5%
Buybacks
589
38.0
1,849
+1,450.0%
Dividends paid
1,315
257
140
+411.7%
Diluted shares, weighted
665m
377m
401m
+76.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
9,262
2,885
5,802
+221.0%
Non-controlling interest
137
134
118
+2.2%
Short-term borrowings
0.0
n/a
n/a
Debt
6,482
4,298
4,294
+50.8%
Operating lease liabilities
5.0
2.0
4.0
+150.0%
Finance lease liabilities
247
244
240
+1.2%
Other liabilities
4,892
2,349
3,259
+108.3%
Total liabilities and equity
21,025
9,912
13,717
+112.1%
Fixed assets
15,008
5,393
8,593
+178.3%
Goodwill
753
753
753
0.0%
Cash and equivalents
2,099
2,047
1,464
+2.5%
Receivables
1,543
601
832
+156.7%
Inventory
114
n/a
n/a
Other assets
1,508
1,118
2,075
+34.9%
Total assets
21,025
9,912
13,717
+112.1%
10-K for the year ended 31 December 2021, filed 16 February 2022: the filing.