Devon Historical Income Statement
| DVN Stock | USD 37.84 0.13 0.34% |
Historical analysis of Devon Energy income statement accounts such as Total Revenue of 15.9 B or Gross Profit of 3.9 B can show how well Devon Energy performed in making a profits. Evaluating Devon Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Devon Energy's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Devon Energy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Devon Energy is a good buy for the upcoming year.
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About Devon Income Statement Analysis
Devon Energy Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Devon Energy shareholders. The income statement also shows Devon investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Devon Energy Income Statement Chart
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Total Revenue
Total revenue comprises all receipts Devon Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Devon Energy minus its cost of goods sold. It is profit before Devon Energy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Devon Energy. It is also known as Devon Energy overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Devon Energy income statement and represents the costs associated with goods and services Devon Energy provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Devon Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Devon Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Devon Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.At this time, Devon Energy's Income Tax Expense is very stable compared to the past year. As of the 27th of November 2024, Selling General Administrative is likely to grow to about 559 M, while Depreciation And Amortization is likely to drop about 1.6 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.7B | 8.4B | 5.2B | 3.9B | Total Revenue | 12.2B | 19.2B | 15.1B | 15.9B |
Devon Energy income statement Correlations
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Devon Energy Account Relationship Matchups
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High Negative Relationship
Devon Energy income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.5B | 1.5B | 2.2B | 2.3B | 2.6B | 1.6B | |
| Interest Expense | 250M | 259M | 388M | 370M | 363M | 274.9M | |
| Total Revenue | 6.2B | 4.8B | 12.2B | 19.2B | 15.1B | 15.9B | |
| Gross Profit | 714M | 392M | 3.7B | 8.4B | 5.2B | 3.9B | |
| Other Operating Expenses | 6.0B | 4.9B | 9.0B | 11.2B | 10.3B | 5.5B | |
| Operating Income | 217M | (90M) | 3.3B | 8.1B | 2.3B | 2.5B | |
| Ebit | 217M | (2.8B) | 3.3B | 8.1B | 4.9B | 3.4B | |
| Ebitda | 1.7B | (1.4B) | 5.4B | 10.4B | 7.5B | 5.0B | |
| Cost Of Revenue | 5.5B | 4.4B | 8.5B | 10.8B | 9.9B | 10.4B | |
| Total Operating Expenses | 533M | 505M | 433M | 424M | 408M | 387.6M | |
| Income Before Tax | (109M) | (3.1B) | 2.9B | 7.8B | 4.6B | 4.9B | |
| Total Other Income Expense Net | (326M) | (547M) | (348M) | (145M) | 2.3B | 2.4B | |
| Net Income | (79M) | (2.5B) | 2.8B | 6.0B | 3.7B | 3.9B | |
| Income Tax Expense | (30M) | (547M) | 65M | 1.7B | 841M | 883.1M | |
| Selling General Administrative | 475M | 338M | 391M | 395M | 408M | 559.0M | |
| Net Income Applicable To Common Shares | (355M) | (2.7B) | 2.8B | 6.0B | 5.4B | 5.7B | |
| Selling And Marketing Expenses | 2.8B | 2.0B | 4.2B | 5.7B | 4.3B | 3.6B | |
| Discontinued Operations | 1.0B | 2.5B | (274M) | (128M) | (115.2M) | (109.4M) | |
| Net Income From Continuing Ops | (68M) | (2.6B) | 2.8B | 6.0B | 3.8B | 4.0B | |
| Non Recurring | 142M | 2.9B | 272M | 29M | 26.1M | 24.8M | |
| Non Operating Income Net Other | 48M | 1M | 168M | 44M | 50.6M | 44.8M | |
| Tax Provision | (30M) | (547M) | 65M | 1.7B | 921M | 967.1M | |
| Interest Income | 260M | 247M | 2M | 38M | 59M | 56.1M | |
| Net Interest Income | (250M) | (270M) | (359M) | (325M) | (304M) | (319.2M) | |
| Reconciled Depreciation | 1.5B | 1.3B | 2.2B | 2.2B | 2.5B | 2.1B |
Pair Trading with Devon Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Devon Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Devon Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Devon Stock
Moving against Devon Stock
The ability to find closely correlated positions to Devon Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Devon Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Devon Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Devon Energy to buy it.
The correlation of Devon Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Devon Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Devon Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Devon Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Devon Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Devon Energy. If investors know Devon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Devon Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.09) | Dividend Share 2 | Earnings Share 5.4 | Revenue Per Share 23.117 | Quarterly Revenue Growth (0.10) |
The market value of Devon Energy is measured differently than its book value, which is the value of Devon that is recorded on the company's balance sheet. Investors also form their own opinion of Devon Energy's value that differs from its market value or its book value, called intrinsic value, which is Devon Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Devon Energy's market value can be influenced by many factors that don't directly affect Devon Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Devon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Devon Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Devon Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.