10-QPeriod: Q2 FY2004

DEVON ENERGY CORP/DE Quarterly Report for Q2 Ended Jun 30, 2004

Filed August 6, 2004For Securities:DVN

Summary

Devon Energy Corporation filed its Form 10-Q for the quarterly period ended June 30, 2004, reporting on its financial performance and condition. The filing indicates that Devon Energy is an accelerated filer and has met its filing obligations for the preceding 12 months. The report contains unaudited consolidated financial statements, including balance sheets, statements of operations, statements of stockholders' equity and comprehensive income, and statements of cash flows. These statements provide a detailed look at the company's financial position and operational results during the first half of 2004, offering investors insights into revenue, expenses, profitability, and cash generation. Management's Discussion and Analysis (MD&A) section further elaborates on the company's financial condition and results of operations, critical for understanding the underlying business drivers and strategic initiatives. Investors reviewing this filing should pay close attention to the "Consolidated Statements of Operations" for trends in revenue and profitability, especially comparing the three and six-month periods ended June 30, 2004, against the prior year. The "Consolidated Balance Sheets" will provide a snapshot of the company's assets, liabilities, and equity as of June 30, 2004. Furthermore, the "Consolidated Statements of Cash Flows" are crucial for understanding how the company is generating and utilizing cash, which is vital for operational sustainability and growth. The MD&A section is paramount for grasping management's perspective on performance, risks, and future outlook. The filing also includes disclosures on market risk and controls and procedures, providing a comprehensive view of the company's operations and governance.

Key Highlights

  • 1Devon Energy Corporation filed its quarterly report (Form 10-Q) for the period ending June 30, 2004.
  • 2The company has filed all required reports for the preceding 12 months and is classified as an accelerated filer.
  • 3The filing includes unaudited Consolidated Financial Statements (Balance Sheets, Statements of Operations, Stockholders' Equity, and Cash Flows) for the period.
  • 4Investors can find detailed financial performance and condition information within the statements and the Management's Discussion and Analysis (MD&A) section.
  • 5The report provides data for both the three-month and six-month periods ended June 30, 2004, allowing for comparative analysis against prior periods.
  • 6Key areas of focus for investors include revenue trends, profitability, asset base, debt levels, and cash flow generation.
  • 7Disclosures on market risk and controls and procedures are also included, offering insights into operational risks and governance.

Frequently Asked Questions

This Form 10-Q is a quarterly report filed by Devon Energy Corporation with the U.S. Securities and Exchange Commission. It provides investors and the public with unaudited financial information, including consolidated financial statements and Management's Discussion and Analysis, for the quarterly period ended June 30, 2004. It's a key document for understanding the company's recent financial performance and condition.

The report includes the Consolidated Balance Sheets as of June 30, 2004, and December 31, 2003; Consolidated Statements of Operations for the three and six months ended June 30, 2004 and 2003; Consolidated Statements of Stockholders' Equity and Comprehensive Income for the six months ended June 30, 2004 and 2003; and Consolidated Statements of Cash Flows for the six months ended June 30, 2004 and 2003.

Management's perspective and analysis of the company's financial condition and results of operations are detailed in Item 2, 'Management’s Discussion and Analysis of Financial Condition and Results of Operations'. This section provides insights into the factors affecting the company's performance, liquidity, and capital resources.

As of June 30, 2004, there were 241,744,000 shares of Devon Energy Corporation's common stock outstanding.