10-QPeriod: Q3 FY2003

DEVON ENERGY CORP/DE Quarterly Report for Q3 Ended Sep 30, 2003

Filed November 13, 2003For Securities:DVN

Summary

Devon Energy Corp./DE (DVN) filed its 10-Q for the period ending September 30, 2003, presenting a snapshot of its financial health and operational performance during the third quarter. The report details the company's consolidated financial statements, including balance sheets, statements of operations, comprehensive income, and cash flows. Investors should pay close attention to the Management's Discussion and Analysis (MD&A) section, which provides crucial insights into the company's financial condition, results of operations, and any significant market risks faced. While specific financial figures are not provided in the prompt, the filing indicates a comprehensive review of the company's assets, liabilities, equity, revenues, expenses, and cash-generating activities. The MD&A section is key for understanding the drivers behind the reported numbers, including operational achievements, strategic initiatives, and any potential challenges or opportunities that management anticipates. Investors are encouraged to review the complete filing for detailed financial data and management's commentary to form a well-rounded investment thesis.

Key Highlights

  • 1The filing includes comprehensive consolidated financial statements: Balance Sheets, Statements of Operations, Comprehensive Income, and Cash Flows for the period ending September 30, 2003.
  • 2Management's Discussion and Analysis (MD&A) is a critical section for understanding the company's financial condition and operational results.
  • 3The report covers the company's financial performance during the third quarter of 2003.
  • 4Quantitative and Qualitative Disclosures About Market Risk provide insights into the company's exposure to various market risks.
  • 5Information regarding Controls and Procedures is also included, detailing the effectiveness of internal controls.
  • 6The filing lists exhibits and reports on Form 8-K, potentially including significant corporate events or disclosures.
  • 7The report was filed on November 13, 2003, offering historical financial data from over two decades ago.

Frequently Asked Questions

The primary purpose of this 10-Q filing is to provide a comprehensive update on Devon Energy Corp./DE's financial performance and condition for the third quarter of 2003. It includes detailed financial statements and management's analysis of the company's operations and market risks.

The most detailed analysis of Devon Energy's financial results and operational performance can be found in 'Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations'.

Yes, 'Item 3. Quantitative and Qualitative Disclosures About Market Risk' specifically addresses Devon Energy's exposure to various market risks, providing investors with insight into potential financial vulnerabilities.

The Exhibits section (Item 6) typically includes documents that the company is required to file as an exhibit to the report, such as material contracts, financial statement schedules, or other significant documents filed with the SEC. In this case, it also notes a report on Form 8-K, which would cover any material events that occurred during the reporting period.