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Segment Information (Tables)
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Condensed Statements Of Comprehensive Earnings And Balance Sheets Of Reportable Segments

 

 

 

U.S. (1)

 

 

Canada

 

 

EnLink (1)

 

 

Eliminations

 

 

Total

 

Year Ended December 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

7,326

 

 

$

1,552

 

 

$

5,071

 

 

$

 

 

$

13,949

 

Intersegment revenues

 

$

 

 

$

 

 

$

669

 

 

$

(669

)

 

$

 

Depreciation, depletion and amortization

 

$

1,149

 

 

$

380

 

 

$

545

 

 

$

 

 

$

2,074

 

Asset impairments

 

$

 

 

$

 

 

$

17

 

 

$

 

 

$

17

 

Asset dispositions

 

$

(218

)

 

$

1

 

 

$

 

 

$

 

 

$

(217

)

Interest expense

 

$

324

 

 

$

69

 

 

$

181

 

 

$

(57

)

 

$

517

 

Earnings before income taxes

 

$

500

 

 

$

273

 

 

$

123

 

 

$

 

 

$

896

 

Income tax expense (benefit)

 

$

9

 

 

$

6

 

 

$

(197

)

 

$

 

 

$

(182

)

Net earnings

 

$

491

 

 

$

267

 

 

$

320

 

 

$

 

 

$

1,078

 

Net earnings attributable to noncontrolling interests

 

$

 

 

$

 

 

$

180

 

 

$

 

 

$

180

 

Net earnings attributable to Devon

 

$

491

 

 

$

267

 

 

$

140

 

 

$

 

 

$

898

 

Property and equipment, net

 

$

10,274

 

 

$

4,310

 

 

$

6,587

 

 

$

 

 

$

21,171

 

Total assets

 

$

14,254

 

 

$

5,498

 

 

$

10,538

 

 

$

(49

)

 

$

30,241

 

Capital expenditures, including acquisitions

 

$

1,821

 

 

$

348

 

 

$

768

 

 

$

 

 

$

2,937

 

Year Ended December 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

5,722

 

 

$

1,031

 

 

$

3,551

 

 

$

 

 

$

10,304

 

Intersegment revenues

 

$

 

 

$

 

 

$

701

 

 

$

(701

)

 

$

 

Depreciation, depletion and amortization

 

$

1,178

 

 

$

414

 

 

$

504

 

 

$

 

 

$

2,096

 

Asset impairments

 

$

435

 

 

$

2

 

 

$

873

 

 

$

 

 

$

1,310

 

Asset dispositions

 

$

(955

)

 

$

(541

)

 

$

13

 

 

$

 

 

$

(1,483

)

Restructuring and transaction costs

 

$

242

 

 

$

19

 

 

$

6

 

 

$

 

 

$

267

 

Interest expense

 

$

624

 

 

$

184

 

 

$

190

 

 

$

(84

)

 

$

914

 

Earnings (loss) before income taxes

 

$

(673

)

 

$

240

 

 

$

(884

)

 

$

 

 

$

(1,317

)

Income tax expense (benefit)

 

$

(8

)

 

$

149

 

 

$

 

 

$

 

 

$

141

 

Net earnings (loss)

 

$

(665

)

 

$

91

 

 

$

(884

)

 

$

 

 

$

(1,458

)

Net earnings (loss) attributable to noncontrolling interests

 

$

1

 

 

$

 

 

$

(403

)

 

$

 

 

$

(402

)

Net earnings (loss) attributable to Devon

 

$

(666

)

 

$

91

 

 

$

(481

)

 

$

 

 

$

(1,056

)

Property and equipment, net

 

$

10,166

 

 

$

4,110

 

 

$

6,257

 

 

$

 

 

$

20,533

 

Total assets

 

$

13,390

 

 

$

5,071

 

 

$

10,276

 

 

$

(62

)

 

$

28,675

 

Capital expenditures, including acquisitions

 

$

2,640

 

 

$

186

 

 

$

1,082

 

 

$

 

 

$

3,908

 

Year Ended December 31, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from external customers

 

$

8,360

 

 

$

1,012

 

 

$

3,773

 

 

$

 

 

$

13,145

 

Intersegment revenues

 

$

 

 

$

 

 

$

679

 

 

$

(679

)

 

$

 

Depreciation, depletion and amortization

 

$

3,164

 

 

$

471

 

 

$

387

 

 

$

 

 

$

4,022

 

Asset impairments

 

$

16,069

 

 

$

15

 

 

$

1,563

 

 

$

 

 

$

17,647

 

Asset dispositions

 

$

(33

)

 

$

39

 

 

$

1

 

 

$

 

 

$

7

 

Restructuring and transaction costs

 

$

54

 

 

$

24

 

 

$

 

 

$

 

 

$

78

 

Interest expense

 

$

368

 

 

$

97

 

 

$

107

 

 

$

(46

)

 

$

526

 

Loss before income taxes

 

$

(17,898

)

 

$

(576

)

 

$

(1,384

)

 

$

 

 

$

(19,858

)

Income tax expense (benefit)

 

$

(6,100

)

 

$

(143

)

 

$

30

 

 

$

 

 

$

(6,213

)

Net loss

 

$

(11,798

)

 

$

(433

)

 

$

(1,414

)

 

$

 

 

$

(13,645

)

Net earnings (loss) attributable to noncontrolling interests

 

$

1

 

 

$

 

 

$

(750

)

 

$

 

 

$

(749

)

Net loss attributable to Devon

 

$

(11,799

)

 

$

(433

)

 

$

(664

)

 

$

 

 

$

(12,896

)

Property and equipment, net

 

$

10,357

 

 

$

4,962

 

 

$

5,667

 

 

$

 

 

$

20,986

 

Total assets

 

$

14,399

 

 

$

5,830

 

 

$

9,541

 

 

$

(97

)

 

$

29,673

 

Capital expenditures, including acquisitions

 

$

4,143

 

 

$

591

 

 

$

978

 

 

$

 

 

$

5,712

 

 

 (1)

Due to Devon’s control of EnLink through its control of the General Partner, the acquisition of VEX by EnLink from Devon in the second quarter of 2015 was considered a transfer of net assets between entities under common control, and EnLink was required to recast its financial statements as of December 31, 2015 to include the activities of such assets from the date of common control. Therefore, the results of VEX have been moved from the U.S. segment to the EnLink segment for the recast period.