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Segment Information | 9 Months Ended
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Sep. 30, 2015
Segment Information [Abstract] |
Segment Information | 19. Segment Information Devon manages its operations through distinct operating segments, which are defined primarily by geographic areas. For financial reporting purposes, Devon aggregates its U.S. exploration and production operating segments into one reporting segment due to the similar nature of the businesses. However, Devon’s Canadian exploration and production operating segment is reported as a separate reporting segment primarily due to the significant differences between the U.S. and Canadian regulatory environments. Devon’s U.S. and Canadian segments are both primarily engaged in oil and gas exploration and production activities. EnLink, combined with the General Partner, is presented as a separate reporting segment. Devon considers EnLink’s operations distinct from the U.S. and Canadian operating segments. Additionally, EnLink has a management team that is primarily responsible for capital and resource allocation decisions.
|  | U.S.(1) |  | Canada |  | EnLink(1) |  | Eliminations |  | Total
|  | (Millions)
Three Months Ended September 30, 2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 2,381 |  | $ | 221 |  | $ | 999 |  | $ | - |  | $ | 3,601
Intersegment revenues |  | $ | - |  | $ | - |  | $ | 172 |  | $ | (172) |  | $ | -
Depreciation, depletion and amortization |  | $ | 510 |  | $ | 134 |  | $ | 100 |  | $ | - |  | $ | 744
Interest expense |  | $ | 96 |  | $ | 22 |  | $ | 31 |  | $ | (11) |  | $ | 138
Asset impairments |  | $ | 4,716 |  | $ | 336 |  | $ | 799 |  | $ | - |  | $ | 5,851
Loss before income taxes |  | $ | (4,464) |  | $ | (401) |  | $ | (758) |  | $ | - |  | $ | (5,623)
Income tax expense (benefit) |  | $ | (1,605) |  | $ | (116) |  | $ | 7 |  | $ | - |  | $ | (1,714)
Net loss |  | $ | (2,859) |  | $ | (285) |  | $ | (765) |  | $ | - |  | $ | (3,909)
Net loss attributable to noncontrolling interests |  | $ | - |  | $ | - |  | $ | (402) |  | $ | - |  | $ | (402)
Net loss attributable to Devon |  | $ | (2,859) |  | $ | (285) |  | $ | (363) |  | $ | - |  | $ | (3,507)
Capital expenditures |  | $ | 974 |  | $ | 108 |  | $ | 105 |  | $ | - |  | $ | 1,187
Three Months Ended September 30, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 4,197 |  | $ | 481 |  | $ | 658 |  | $ | - |  | $ | 5,336
Intersegment revenues |  | $ | - |  | $ | - |  | $ | 199 |  | $ | (199) |  | $ | -
Depreciation, depletion and amortization |  | $ | 654 |  | $ | 113 |  | $ | 75 |  | $ | - |  | $ | 842
Interest expense |  | $ | 95 |  | $ | 20 |  | $ | 14 |  | $ | (11) |  | $ | 118
Earnings before income taxes |  | $ | 1,463 |  | $ | 109 |  | $ | 82 |  | $ | - |  | $ | 1,654
Income tax expense |  | $ | 557 |  | $ | 38 |  | $ | 18 |  | $ | - |  | $ | 613
Net earnings |  | $ | 906 |  | $ | 71 |  | $ | 64 |  | $ | - |  | $ | 1,041
Net earnings attributable to noncontrolling interests |  | $ | - |  | $ | - |  | $ | 25 |  | $ | - |  | $ | 25
Net earnings attributable to Devon |  | $ | 906 |  | $ | 71 |  | $ | 39 |  | $ | - |  | $ | 1,016
Capital expenditures |  | $ | 1,211 |  | $ | 335 |  | $ | 209 |  | $ | - |  | $ | 1,755
Nine Months Ended September 30, 2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 6,570 |  | $ | 802 |  | $ | 2,887 |  | $ | - |  | $ | 10,259
Intersegment revenues |  | $ | - |  | $ | - |  | $ | 499 |  | $ | (499) |  | $ | -
Depreciation, depletion and amortization |  | $ | 1,817 |  | $ | 382 |  | $ | 289 |  | $ | - |  | $ | 2,488
Interest expense |  | $ | 271 |  | $ | 70 |  | $ | 76 |  | $ | (34) |  | $ | 383
Asset impairments |  | $ | 14,344 |  | $ | 336 |  | $ | 799 |  | $ | - |  | $ | 15,479
Loss before income taxes |  | $ | (14,450) |  | $ | (609) |  | $ | (667) |  | $ | - |  | $ | (15,726)
Income tax expense (benefit) |  | $ | (5,334) |  | $ | (129) |  | $ | 28 |  | $ | - |  | $ | (5,435)
Net loss |  | $ | (9,116) |  | $ | (480) |  | $ | (695) |  | $ | - |  | $ | (10,291)
Net earnings (loss) attributable to noncontrolling interests |  | $ | 1 |  | $ | - |  | $ | (370) |  | $ | - |  | $ | (369)
Net loss attributable to Devon |  | $ | (9,117) |  | $ | (480) |  | $ | (325) |  | $ | - |  | $ | (9,922)
Property and equipment, net |  | $ | 11,586 |  | $ | 5,623 |  | $ | 5,566 |  | $ | - |  | $ | 22,775
Total assets |  | $ | 17,436 |  | $ | 6,754 |  | $ | 10,274 |  | $ | (113) |  | $ | 34,351
Capital expenditures |  | $ | 3,205 |  | $ | 478 |  | $ | 777 |  | $ | - |  | $ | 4,460
Nine Months Ended September 30, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 10,065 |  | $ | 1,671 |  | $ | 1,835 |  | $ | - |  | $ | 13,571
Intersegment revenues |  | $ | - |  | $ | - |  | $ | 672 |  | $ | (672) |  | $ | -
Depreciation, depletion and amortization |  | $ | 1,791 |  | $ | 419 |  | $ | 199 |  | $ | - |  | $ | 2,409
Interest expense |  | $ | 303 |  | $ | 61 |  | $ | 33 |  | $ | (31) |  | $ | 366
Earnings before income taxes |  | $ | 2,224 |  | $ | 1,310 |  | $ | 234 |  | $ | - |  | $ | 3,768
Income tax expense |  | $ | 1,121 |  | $ | 517 |  | $ | 60 |  | $ | - |  | $ | 1,698
Net earnings |  | $ | 1,103 |  | $ | 793 |  | $ | 174 |  | $ | - |  | $ | 2,070
Net earnings attributable to noncontrolling interests |  | $ | 1 |  | $ | - |  | $ | 54 |  | $ | - |  | $ | 55
Net earnings attributable to Devon |  | $ | 1,102 |  | $ | 793 |  | $ | 120 |  | $ | - |  | $ | 2,015
Property and equipment, net |  | $ | 23,661 |  | $ | 6,882 |  | $ | 4,626 |  | $ | - |  | $ | 35,169
Total assets |  | $ | 30,431 |  | $ | 10,895 |  | $ | 9,630 |  | $ | (117) |  | $ | 50,839
Capital expenditures |  | $ | 9,724 |  | $ | 1,055 |  | $ | 515 |  | $ | - |  | $ | 11,294
Year Ended December 31, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property and equipment, net |  | $ | 24,463 |  | $ | 6,790 |  | $ | 5,043 |  | $ | - |  | $ | 36,296
Total assets |  | $ | 32,037 |  | $ | 8,517 |  | $ | 10,207 |  | $ | (124) |  | $ | 50,637
____________________________
| (1) |  | Due to Devon’s control of EnLink through its control of the General Partner, the acquisition of VEX by EnLink from Devon in the second quarter of 2015 was considered a transfer of net assets between entities under common control, and EnLink was required to recast its financial statements as of September 30, 2015 to include the activities of such assets from the date of common control. Therefore, the results of VEX for prior periods have been moved from the U.S. segment to the EnLink segment.

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