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Devon Energy DVN Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital

Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital at other companies

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SM EnergySM
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Other financials

Income statement

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Revenue$3.8B-14.5%
Net income$120.0M-75.7%
EPS (diluted)$0.19-75.3%

Balance sheet

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Cash & equivalents$2.3B
Total debt$8.7B-3.5%
Total equity$15.4B+6.1%
Total assets$32.5B+5.2%

Cash flow

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Operating cash flow$1.7B-14.8%
CapEx$839.0M-10.2%
Free cash flow$816.0M-19.0%

Valuation

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Market cap$48.47B+131%
P/E21.4×+14.0×
P/S2.9×+1.7×

Profitability

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Gross margin63.5%
Operating margin-76.3%
Net margin13.7%-2.9pp
FCF margin17.7%-0.9pp

Returns & leverage

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Return on equity15.1%-5.8pp
Debt / equity0.6×-0.1×
Current ratio-0.1×

Where this comes from

Reported directly by Devon Energy in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInOperatingCapital.

The official record: Devon Energy’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Devon Energy's adjustment to reconcile net income to cash provided by (used in) operating activity, increase (decrease) in operating capital?
Devon Energy (DVN) reported adjustment to reconcile net income to cash provided by (used in) operating activity, increase (decrease) in operating capital of $299M in Q1 2026.
How has Devon Energy's adjustment to reconcile net income to cash provided by (used in) operating activity, increase (decrease) in operating capital changed year-over-year?
Devon Energy's adjustment to reconcile net income to cash provided by (used in) operating activity, increase (decrease) in operating capital increased by 355.6% year-over-year, from -$117M to $299M.
What is the long-term trend for Devon Energy's adjustment to reconcile net income to cash provided by (used in) operating activity, increase (decrease) in operating capital?
Over 2 years (2021 to 2024), Devon Energy's adjustment to reconcile net income to cash provided by (used in) operating activity, increase (decrease) in operating capital has grown at a 36.8% compound annual growth rate (CAGR), from $116M to $217M.
What does adjustment to reconcile net income to cash provided by (used in) operating activity, increase (decrease) in operating capital mean?
This metric measures the net impact of changes in core working capital accounts, such as accounts receivable, inventory, and accounts payable, on operating cash flow. It reconciles net income to cash by accounting for the timing differences between revenue recognition and cash collection, or expense recognition and cash payment. It is a primary indicator of operational efficiency in managing short-term assets and liabilities.