XML 15 R3.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash, cash equivalents and restricted cash $ 676 $ 875
Accounts receivable 1,779 1,573
Inventory 293 249
Other current assets 484 460
Total current assets 3,232 3,157
Oil and gas property and equipment, based on successful efforts accounting, net 23,155 17,825
Other property and equipment, net ($164 million and $136 million related to CDM in 2024 and 2023, respectively) [1] 1,795 1,503
Total property and equipment, net 24,950 19,328
Goodwill 753 753
Right-of-use assets 317 267
Investments 718 666
Other long-term assets 293 319
Total assets 30,263 24,490
LIABILITIES AND EQUITY    
Accounts payable 995 760
Revenues and royalties payable 1,423 1,222
Short-term debt 0 483
Other current liabilities 488 484
Total current liabilities 2,906 2,949
Long-term debt 8,884 5,672
Lease liabilities 328 295
Asset retirement obligations 765 643
Other long-term liabilities 820 876
Deferred income taxes 2,082 1,838
Stockholders' equity:    
Common stock, $0.10 par value. Authorized 1.0 billion shares; issued 658 million and 636 million shares in 2024 and 2023, respectively 66 64
Additional paid-in capital 6,662 5,939
Retained earnings 7,670 6,195
Accumulated other comprehensive loss (121) (124)
Treasury stock, at cost, 0.3 million shares in 2023 0 (13)
Total stockholders’ equity attributable to Devon 14,277 12,061
Noncontrolling interests 201 156
Total equity 14,478 12,217
Total liabilities and equity $ 30,263 $ 24,490
[1] $164 million and $136 million related to CDM in 2024 and 2023, respectively.