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.

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	1,454)	2,271)	2,237)	1,844)	2,414)
Accounts receivable	1,767)	1,543)	601)	832)	885)
Inventory	201)	114)	—)	—)	—)
Current assets associated with discontinued operations	—)	—)	—)	896)	197)
Other current assets	469)	321)	422)	279)	941)
Current assets	3,891)	4,249)	3,260)	3,851)	4,437)
Oil and gas property and equipment, based on successful efforts accounting, net	16,567)	13,536)	4,436)	7,558)	12,813)
Other property and equipment, net	1,539)	1,472)	957)	1,035)	1,122)
Finance lease right-of-use assets	203)	211)	220)	229)	—)
Property and equipment, net, including finance lease right-of-use assets	18,309)	15,219)	5,613)	8,822)	13,935)
Goodwill	753)	753)	753)	753)	841)
Operating lease right-of-use assets	21)	24)	3)	14)	—)
Investments	440)	402)	12)	—)	—)
Other long-term assets	307)	378)	271)	196)	353)
Long-term assets associated with discontinued operations	—)	—)	—)	81)	—)
Long-term assets	19,830)	16,776)	6,652)	9,866)	15,129)
Total assets	23,721)	21,025)	9,912)	13,717)	19,566)

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

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Balance sheet item	Description	The company
Cash, cash equivalents and restricted cash	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Devon Energy Corp. cash, cash equivalents and restricted cash increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Accounts receivable	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	Devon Energy Corp. accounts receivable increased from 2020 to 2021 and from 2021 to 2022.
Inventory	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Devon Energy Corp. inventory increased from 2020 to 2021 and from 2021 to 2022.

Devon Energy Corp. (NYSE:DVN)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items