XML 121 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 1,480us-gaap_CashAndCashEquivalentsAtCarryingValue $ 6,066us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable 1,959us-gaap_AccountsReceivableNetCurrent 1,520us-gaap_AccountsReceivableNetCurrent
Derivatives, at fair value 1,993us-gaap_DerivativeAssetsCurrent 75us-gaap_DerivativeAssetsCurrent
Income taxes receivable 522us-gaap_IncomeTaxReceivable 89us-gaap_IncomeTaxReceivable
Other current assets 544us-gaap_OtherAssetsCurrent 255us-gaap_OtherAssetsCurrent
Total current assets 6,498us-gaap_AssetsCurrent 8,005us-gaap_AssetsCurrent
Oil and gas, based on full-cost accounting:    
Subject to amortization 75,738us-gaap_CapitalizedCostsProvedProperties 73,995us-gaap_CapitalizedCostsProvedProperties
Not subject to amortization 2,752us-gaap_CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative 2,791us-gaap_CapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationCumulative
Total oil and gas 78,490us-gaap_OilAndGasPropertyFullCostMethodGross 76,786us-gaap_OilAndGasPropertyFullCostMethodGross
Midstream and other 9,695us-gaap_PropertyPlantAndEquipmentOther 6,195us-gaap_PropertyPlantAndEquipmentOther
Total property and equipment, at cost 88,185us-gaap_PropertyPlantAndEquipmentGross 82,981us-gaap_PropertyPlantAndEquipmentGross
Less accumulated depreciation, depletion and amortization (51,889)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment (54,534)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Property and equipment, net 36,296us-gaap_PropertyPlantAndEquipmentNet 28,447us-gaap_PropertyPlantAndEquipmentNet
Goodwill 6,303us-gaap_Goodwill 5,858us-gaap_Goodwill
Other long-term assets 1,540us-gaap_OtherAssetsNoncurrent 567us-gaap_OtherAssetsNoncurrent
Total assets 50,637us-gaap_Assets 42,877us-gaap_Assets
Current liabilities:    
Accounts payable 1,400us-gaap_AccountsPayableTradeCurrent 1,229us-gaap_AccountsPayableTradeCurrent
Revenues and royalties payable 1,193us-gaap_AccountsPayableOtherCurrent 786us-gaap_AccountsPayableOtherCurrent
Short-term debt 1,432us-gaap_DebtCurrent [1] 4,066us-gaap_DebtCurrent [1]
Deferred income taxes 730us-gaap_DeferredTaxLiabilitiesCurrent 19us-gaap_DeferredTaxLiabilitiesCurrent
Other current liabilities 1,180us-gaap_OtherLiabilitiesCurrent 555us-gaap_OtherLiabilitiesCurrent
Total current liabilities 5,935us-gaap_LiabilitiesCurrent 6,655us-gaap_LiabilitiesCurrent
Long-term debt 9,830us-gaap_LongTermDebtNoncurrent 7,956us-gaap_LongTermDebtNoncurrent
Asset retirement obligations 1,339us-gaap_AssetRetirementObligationsNoncurrent 2,140us-gaap_AssetRetirementObligationsNoncurrent
Other long-term liabilities 948us-gaap_OtherLiabilitiesNoncurrent 834us-gaap_OtherLiabilitiesNoncurrent
Deferred income taxes 6,244us-gaap_DeferredTaxLiabilitiesNoncurrent 4,793us-gaap_DeferredTaxLiabilitiesNoncurrent
Stockholders' equity:    
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 409 million and 406 million shares in 2014 and 2013, respectively 41us-gaap_CommonStockValue 41us-gaap_CommonStockValue
Additional paid-in capital 4,088us-gaap_AdditionalPaidInCapital 3,780us-gaap_AdditionalPaidInCapital
Retained earnings 16,631us-gaap_RetainedEarningsAccumulatedDeficit 15,410us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive earnings 779us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 1,268us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total stockholders' equity attributable to Devon 21,539us-gaap_StockholdersEquity 20,499us-gaap_StockholdersEquity
Noncontrolling interests 4,802us-gaap_MinorityInterest  
Total stockholders' equity 26,341us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 20,499us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Commitments and contingencies (Note 18)      
Total liabilities and stockholders' equity $ 50,637us-gaap_LiabilitiesAndStockholdersEquity $ 42,877us-gaap_LiabilitiesAndStockholdersEquity
[1] 2014 short-term debt consists of $932 million of commercial paper and $500 million floating rate due on December 15, 2015. 2013 short-term debt consists of $2.25 billion of senior notes issued in conjunction with the GeoSouthern acquisition, $1.3 billion of commercial paper and $500 million of senior notes due January 15, 2014.