Devon Historical Income Statement
DVN Stock | USD 52.71 0.10 0.19% |
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.
Devon |
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
Devon Energy Income Statement is one of the three primary financial statements used for reporting Devon's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Devon Energy revenue and expense. Devon Energy Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Devon Energy's Selling General Administrative is very stable compared to the past year. As of the 27th of April 2024, Net Income Applicable To Common Shares is likely to grow to about 5.7 B, while Depreciation And Amortization is likely to drop about 1.6 B. Add Fundamental
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.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Devon Energy whose combined shares represent less than 50% of the total outstanding shares issued by Devon Energy have a minority interest in Devon Energy.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 tightly coupled 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 Selling General Administrative is very stable compared to the past year. As of the 27th of April 2024, Net Income Applicable To Common Shares is likely to grow to about 5.7 B, 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
High Positive Relationship
High Negative Relationship
Devon Energy income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 1.5B | 1.3B | 2.2B | 2.2B | 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 | 4.8B | 5.0B | |
Ebit | 217M | (90M) | 3.3B | 8.1B | 4.8B | 3.5B | |
Ebitda | 1.7B | 1.2B | 5.5B | 10.3B | 7.4B | 5.1B | |
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) | (3B) | (409M) | (291M) | (169M) | (177.5M) | |
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
0.94 | AR | Antero Resources Corp | PairCorr |
0.96 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
0.97 | SD | SandRidge Energy | PairCorr |
0.96 | SM | SM Energy | PairCorr |
Moving against Devon Stock
0.69 | EP | Empire Petroleum Corp | PairCorr |
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 tightly coupled 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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Devon Stock analysis
When running Devon Energy's price analysis, check to measure Devon Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Devon Energy is operating at the current time. Most of Devon Energy's value examination focuses on studying past and present price action to predict the probability of Devon Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Devon Energy's price. Additionally, you may evaluate how the addition of Devon Energy to your portfolios can decrease your overall portfolio volatility.
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Is Devon Energy's industry 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 (0.01) | Dividend Share 2.87 | Earnings Share 5.84 | Revenue Per Share 22.577 | Quarterly Revenue Growth (0.12) |
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.