Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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Devon Energy Corp., consolidated balance sheet: assets

US$ in millions

		Dec 31, 2022		Dec 31, 2021		Dec 31, 2020		Dec 31, 2019		Dec 31, 2018
	Cash, cash equivalents and restricted cash
	Accounts receivable
	Inventory
	Current assets associated with discontinued operations
	Other current assets
	Current assets
	Oil and gas property and equipment, based on successful efforts accounting, net
	Other property and equipment, net
	Finance lease right-of-use assets
	Property and equipment, net, including finance lease right-of-use assets
	Goodwill
	Operating lease right-of-use assets
	Investments
	Other long-term assets
	Long-term assets associated with discontinued operations
	Long-term assets
	Total assets

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Devon Energy Corp. current assets increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Property and equipment, net, including finance lease right-of-use assets	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Devon Energy Corp. property and equipment, net, including finance lease right-of-use assets increased from 2020 to 2021 and from 2021 to 2022.
Long-term assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Devon Energy Corp. long-term assets increased from 2020 to 2021 and from 2021 to 2022.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Devon Energy Corp. total assets increased from 2020 to 2021 and from 2021 to 2022.

Current Assets: Selected Items