10-QPeriod: Q1 FY2005

DEVON ENERGY CORP/DE Quarterly Report for Q1 Ended Mar 31, 2005

Filed May 5, 2005For Securities:DVN

Summary

Devon Energy Corporation (DVN) filed its Form 10-Q for the quarterly period ended March 31, 2005. This report details the company's financial performance and condition during the first quarter of 2005. Investors should pay close attention to the company's revenue generation, operational costs, and overall profitability as presented in the Consolidated Statements of Operations. The accompanying Management's Discussion and Analysis (MD&A) section is crucial for understanding the drivers behind the reported financial results. This section typically provides insights into sales volumes, commodity prices, exploration and production activities, and any significant events or transactions that impacted the quarter's performance. Investors should also review the Consolidated Balance Sheets for an overview of the company's assets, liabilities, and equity position, and the Consolidated Statements of Cash Flows to assess the company's ability to generate cash from its operations, investments, and financing activities.

Key Highlights

  • 1The 10-Q provides the company's financial statements for the quarter ended March 31, 2005, including Balance Sheets, Statements of Operations, Stockholders' Equity, and Cash Flows.
  • 2The report covers the period as of March 31, 2005, with 473,735,159 shares of common stock outstanding.
  • 3Devon Energy Corporation is classified as an accelerated filer, indicating a certain level of financial reporting maturity and size.
  • 4The filing includes detailed notes to the consolidated financial statements, offering crucial context and explanations for the reported figures.
  • 5Management's Discussion and Analysis (MD&A) is a key section for investors to understand the operational and financial performance drivers.
  • 6Quantitative and Qualitative Disclosures About Market Risk provide insights into how the company manages exposure to market fluctuations.
  • 7The report also addresses other information, including details on unregistered sales of equity securities and issuer purchases of equity securities.

Frequently Asked Questions

The primary purpose of this 10-Q filing is to provide investors and the public with a comprehensive update on Devon Energy Corporation's financial performance and condition for the quarterly period ended March 31, 2005. It includes unaudited financial statements and management's analysis of the results.

Detailed financial results, including revenues, expenses, and net income, can be found in the 'Consolidated Statements of Operations' on page 7 of the filing. The 'Notes to Consolidated Financial Statements' beginning on page 10 provide further explanations and disclosures related to these results.

The MD&A section, starting on page 18, offers management's perspective on the company's financial condition and results of operations. It typically explains the significant factors that affected the company's performance during the quarter, such as changes in commodity prices, production volumes, and strategic initiatives.

The 'Consolidated Statements of Cash Flows' on page 9 provides a detailed breakdown of cash generated from operating, investing, and financing activities. Investors can analyze this statement to understand how effectively the company is converting its earnings into cash.