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Devon Energy cash flow statement

In fiscal 2025, Devon Energy's operations generated $6.71bn of cash; it spent $3.59bn on capital projects, leaving free cash flow of $3.12bn. It returned $319m in dividends and $1.05bn through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations4,7375,4786,2244,9565,4365,9814,8981,5002,9091,5832,0431,4644,8998,5306,5446,6006,7118,553
Depreciation and amortisation2,1081,9302,2482,8112,7803,3194,0221,5921,0081,2281,4971,3002,1582,2232,5543,2553,5954,089
Stock-based pay209188181179157163244203126137115889988939999139
Capital spending4,8796,4767,5348,2252566,4621,1078494455311,1531,9892,5423,8833,6453,5923,859
Free cash flow−142−998−1,310−3,2695,180−4813,7916512,8651,5282,0123112,9105,9882,6612,9553,1194,694
Free cash flow after stock pay−351−1,186−1,491−3,4485,023−6443,5474482,7391,3911,8972232,8115,9002,5682,8563,0204,555
Dividends paid2842812783243483863962211271491402571,3153,3791,858937319521
Share buybacks01,1682,332——————2,9561,849385897189791,0571,050766
Shares issued———————1,469——————————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Devon Energy's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Devon Energy.