Devon Energy Corporation (DVN) — Financial Flexibility Index
Devon Energy Corporation (DVN) has a Financial Flexibility Index of 0.16x as of March 2026. Free cash flow of $2.69 Billion (operating CF $1.66 Billion minus capex $1.03 Billion) represents 0% of total liabilities ($17.11 Billion). Check total reinvestment intensity of Devon Energy Corporation to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Devon Energy Corporation Financial Flexibility Index (1989–2025)
Historical Financial Flexibility Index trend for Devon Energy Corporation across 37 annual periods. For the full cash flow conversion analysis, see Devon Energy Corporation (DVN) cash flow conversion.
Annual Financial Flexibility Index for Devon Energy Corporation (1989–2025)
Year-by-year free cash flow to debt coverage for Devon Energy Corporation. Explore DVN cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.64x | $10.30 Billion | $6.71 Billion | $16.07 Billion | ▼ -28.0% |
| 2024 | 0.89x | $14.05 Billion | $6.60 Billion | $15.79 Billion | ▲ +4.1% |
| 2023 | 0.85x | $10.49 Billion | $6.54 Billion | $12.27 Billion | ▼ -22.2% |
| 2022 | 1.10x | $13.65 Billion | $8.53 Billion | $12.43 Billion | ▲ +85.0% |
| 2021 | 0.59x | $6.91 Billion | $4.90 Billion | $11.63 Billion | ▲ +62.8% |
| 2020 | 0.36x | $2.52 Billion | $1.35 Billion | $6.89 Billion | ▼ -29.1% |
| 2019 | 0.51x | $4.01 Billion | $2.07 Billion | $7.80 Billion | ▲ +2.5% |
| 2018 | 0.50x | $5.21 Billion | $2.70 Billion | $10.38 Billion | ▲ +41.7% |
| 2017 | 0.35x | $5.71 Billion | $2.91 Billion | $16.14 Billion | ▼ -3.8% |
| 2016 | 0.37x | $5.72 Billion | $1.75 Billion | $15.54 Billion | ▼ -42.2% |
| 2015 | 0.64x | $11.80 Billion | $5.38 Billion | $18.54 Billion | ▼ -20.4% |
| 2014 | 0.80x | $19.43 Billion | $5.98 Billion | $24.30 Billion | ▲ +46.8% |
| 2013 | 0.54x | $12.19 Billion | $5.44 Billion | $22.38 Billion | ▼ -8.9% |
| 2012 | 0.60x | $13.18 Billion | $4.96 Billion | $22.05 Billion | ▼ -14.5% |
| 2011 | 0.70x | $13.76 Billion | $6.22 Billion | $19.69 Billion | ▼ -20.1% |
| 2010 | 0.87x | $11.95 Billion | $5.48 Billion | $13.67 Billion | ▲ +28.3% |
| 2009 | 0.68x | $9.62 Billion | $4.74 Billion | $14.12 Billion | ▼ -46.1% |
| 2008 | 1.27x | $18.78 Billion | $9.41 Billion | $14.85 Billion | ▲ +92.1% |
| 2007 | 0.66x | $12.81 Billion | $6.65 Billion | $19.45 Billion | ▼ -14.3% |
| 2006 | 0.77x | $13.54 Billion | $5.99 Billion | $17.62 Billion | ▲ +22.1% |
| 2005 | 0.63x | $9.70 Billion | $5.61 Billion | $15.41 Billion | ▲ +27.7% |
| 2004 | 0.49x | $7.92 Billion | $4.82 Billion | $16.06 Billion | ▲ +25.0% |
| 2003 | 0.39x | $6.36 Billion | $3.77 Billion | $16.11 Billion | ▼ -11.9% |
| 2002 | 0.45x | $5.18 Billion | $1.75 Billion | $11.57 Billion | ▼ -38.4% |
| 2001 | 0.73x | $7.21 Billion | $1.89 Billion | $9.93 Billion | ▼ -10.2% |
| 2000 | 0.81x | $2.90 Billion | $1.62 Billion | $3.58 Billion | ▲ +291.0% |
| 1999 | 0.21x | $537.60 Million | $205.60 Million | $2.60 Billion | ▼ -79.8% |
| 1998 | 1.02x | $567.10 Million | $191.60 Million | $553.90 Million | ▼ -47.5% |
| 1997 | 1.95x | $299.20 Million | $168.70 Million | $153.30 Million | ▲ +30.7% |
| 1996 | 1.49x | $185.70 Million | $86.80 Million | $124.40 Million | ▲ +69.1% |
| 1995 | 0.88x | $178.90 Million | $61.30 Million | $202.60 Million | ▲ +56.1% |
| 1994 | 0.57x | $82.00 Million | $46.40 Million | $145.00 Million | ▼ -57.4% |
| 1993 | 1.33x | $149.60 Million | $64.00 Million | $112.70 Million | ▲ +108.0% |
| 1992 | 0.64x | $46.40 Million | $30.50 Million | $72.70 Million | ▲ +47.1% |
| 1991 | 0.43x | $21.30 Million | $9.30 Million | $49.10 Million | ▼ -48.7% |
| 1990 | 0.85x | $44.60 Million | $13.70 Million | $52.70 Million | ▲ +3.3% |
| 1989 | 0.82x | $22.70 Million | $6.60 Million | $27.70 Million | — |