Devon Energy (DVN) FY2022 results: revenue $19.2 billion, up 57.0% on the year
Devon Energy Corp. (DVN) reported revenue of $19.2 billion for fiscal 2022, the year ended 31 December 2022, up 57.0% on the year before. Net income was $6.0 billion, up 114.4%, and diluted earnings per share $9.12. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2023.
Revenue
$19.2 billion
+57.0% on the year
FY2015FY2022
Operating margin
31.5%
FY2015FY2022
Net income
$6.0 billion
+114.4% on the year
FY2015FY2022
Diluted EPS
$9.12
+117.7% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
8,530
4,899
1,354
+74.1%
Capital expenditure
2,542
1,989
1,153
+27.8%
Free cash flow
5,988
2,910
201
+105.8%
Free cash flow margin
31.2%
23.8%
4.2%
Cash from investing
-5,123
-1,574
n/a
Cash from financing
-4,213
-3,292
n/a
Depreciation and amortisation
2,223
2,158
1,300
+3.0%
Share-based compensation
88.0
99.0
88.0
-11.1%
Buybacks
718
589
38.0
+21.9%
Dividends paid
3,379
1,315
257
+157.0%
Diluted shares, weighted
653m
665m
377m
-1.8%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
11,167
9,262
2,885
+20.6%
Non-controlling interest
129
137
134
-5.8%
Short-term borrowings
251
0.0
n/a
Debt
6,440
6,482
4,298
-0.6%
Operating lease liabilities
8.0
5.0
2.0
+60.0%
Finance lease liabilities
249
247
244
+0.8%
Other liabilities
5,027
4,892
2,349
+2.8%
Total liabilities and equity
23,271
21,025
9,912
+10.7%
Fixed assets
18,106
15,008
5,393
+20.6%
Goodwill
753
753
753
0.0%
Cash and equivalents
1,314
2,099
2,047
-37.4%
Receivables
1,767
1,543
601
+14.5%
Inventory
201
114
n/a
+76.3%
Other assets
1,130
1,508
1,118
-25.1%
Total assets
23,271
21,025
9,912
+10.7%
10-K for the year ended 31 December 2022, filed 15 February 2023: the filing.