10-QPeriod: Q2 FY2011

DEVON ENERGY CORP/DE Quarterly Report for Q2 Ended Jun 30, 2011

Filed August 4, 2011For Securities:DVN

Summary

Devon Energy Corporation (DVN) filed its 10-Q for the period ending June 30, 2011, on August 4, 2011. This filing provides investors with a look into the company's financial performance and position during the second quarter of 2011. Key areas of focus for investors would be the company's operational results, its financial health, and any material developments or risks disclosed. The report details the consolidated financial statements, management's discussion on financial condition and results of operations, and market risk disclosures. It also covers important risk factors and other relevant corporate information. While the provided filing outline doesn't include specific financial figures, investors should scrutinize the Consolidated Statements of Operations for revenue, net income, and earnings per share trends. The Consolidated Balance Sheets will reveal the company's asset base, debt levels, and equity. The Consolidated Statements of Cash Flows are crucial for understanding how Devon Energy generated and used cash from its operating, investing, and financing activities, particularly in the context of its capital expenditures and debt management. Investors should pay close attention to the Management's Discussion and Analysis (MD&A) section for management's perspective on the company's performance and outlook.

Financial Highlights

42 data points
Beta

Revenue

$3.22B

Net Income

$2.74B

85.2% Net Margin

EPS (Diluted)

$6.48

Total Assets

$38.41B

Cash & Equivalents

$3.35B

Free Cash Flow

$1.55B

Financial Statements
Beta
Revenue$3.22B
Operating Expenses$1.84B
Operating Income$184.00M
Interest Expense$85.00M
Net Income$2.74B
EPS (Basic)$6.50
EPS (Diluted)$6.48

Key Highlights

  • 1The report covers the financial performance and position of Devon Energy for the quarter ending June 30, 2011.
  • 2Investors can review consolidated financial statements including balance sheets, statements of operations, comprehensive earnings, stockholders' equity, and cash flows.
  • 3The Management's Discussion and Analysis (MD&A) section provides management's perspective on the company's financial condition and results of operations.
  • 4Quantitative and Qualitative Disclosures About Market Risk offer insights into the company's exposure to financial risks.
  • 5Risk Factors (Item 1A) highlight potential challenges and uncertainties that could impact the company's business and financial results.
  • 6The filing includes information on legal proceedings, unregistered sales of equity securities, defaults upon senior securities, and other miscellaneous corporate matters.

Frequently Asked Questions

The 10-Q filing provides the detailed financial statements, including the Consolidated Statements of Operations, which would show revenue, net income, and earnings per share for the quarter ending June 30, 2011. Investors should refer to these statements and the accompanying Management's Discussion and Analysis (MD&A) for a comprehensive understanding of the company's performance.

The Consolidated Statements of Cash Flows will detail the cash generated from operating, investing, and financing activities. The Consolidated Balance Sheets will show the company's debt levels and equity. The MD&A section typically discusses the company's liquidity, capital resources, and how it plans to manage its financial obligations.

Item 1A, Risk Factors, specifically addresses the potential risks and uncertainties that could materially affect Devon Energy's business, financial condition, or results of operations. Investors should carefully review this section to understand these potential challenges.

Item 1, Legal Proceedings, and Item 5, Other Information, would contain disclosures regarding any material legal actions or other significant corporate events that occurred during the period. Investors should examine these sections for any impact on the company.