10-QPeriod: Q3 FY2004

DEVON ENERGY CORP/DE Quarterly Report for Q3 Ended Sep 30, 2004

Filed November 4, 2004For Securities:DVN

Summary

Devon Energy Corporation's (DVN) 10-Q filing for the quarter ended September 30, 2004, provides an overview of its financial performance and condition. The report indicates that Devon has met its filing requirements for the preceding 12 months and is an accelerated filer, suggesting a mature and established reporting process. Investors should note the significant number of outstanding common shares (243,011,000 as of September 30, 2004), which is a key factor in per-share metrics. The filing includes unaudited consolidated financial statements, management's discussion and analysis of financial condition and results of operations, and disclosures on market risk and controls, all crucial for understanding the company's operational health and future prospects.

Key Highlights

  • 1Devon Energy Corporation is an accelerated filer, having filed all required reports for the preceding 12 months.
  • 2As of September 30, 2004, the company had 243,011,000 shares of common stock outstanding.
  • 3The filing includes unaudited Consolidated Balance Sheets, Statements of Operations, Statements of Stockholders' Equity and Comprehensive Income, and Statements of Cash Flows.
  • 4Key sections for investors include Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) and Quantitative and Qualitative Disclosures About Market Risk.
  • 5The report details the financial performance for the three and nine months ended September 30, 2004, compared to the same periods in 2003.
  • 6The document covers financial information for the period and other pertinent information including unregistered sales of equity securities and exhibits.

Frequently Asked Questions

This 10-Q filing for the quarter ended September 30, 2004, provides unaudited financial statements. A comprehensive understanding of the company's financial health would require a detailed review of the 'Consolidated Statements of Operations,' 'Consolidated Balance Sheets,' and 'Consolidated Statements of Cash Flows,' as well as the accompanying 'Management’s Discussion and Analysis of Financial Condition and Results of Operations.' These sections will detail revenue, expenses, assets, liabilities, cash flows, and management's commentary on performance trends and outlook.

Being an 'accelerated filer' means that Devon Energy has met certain financial thresholds and has a history of timely filings with the SEC. This status generally implies a level of financial stability and a robust internal control system, which can be reassuring to investors. It also means they are subject to more stringent reporting requirements and deadlines.

Investors should focus on key metrics within the 'Consolidated Statements of Operations,' such as total revenues, operating income, net income, and earnings per share (EPS) for the three and nine months ended September 30, 2004, and compare them to the prior year. The 'Consolidated Balance Sheets' will provide insights into the company's asset base, debt levels, and equity. The 'Consolidated Statements of Cash Flows' are crucial for understanding cash generated from operations, investing activities, and financing activities, which are vital for sustainability and growth.