California Resources Corporation (CRC) Financial Statements (2025 and earlier)
Company Profile
Business Address |
1 WORLD TRADE CENTER LONG BEACH, CA 90831 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 1,031,000 | 403,000 | 496,000 | 479,000 | 448,000 | 477,000 | |||
Cash and cash equivalents | 1,031,000 | 403,000 | 496,000 | 479,000 | 448,000 | 477,000 | |||
Receivables | 236,000 | 258,000 | 235,000 | 269,000 | 212,000 | 279,000 | |||
Inventory, net of allowances, customer advances and progress billings | 56,000 | 70,000 | 72,000 | 71,000 | 69,000 | 64,000 | |||
Inventory | 56,000 | 70,000 | 72,000 | 71,000 | 69,000 | 64,000 | |||
Disposal group, including discontinued operation | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | |||
Other current assets | 103,000 | 95,000 | 113,000 | 97,000 | 125,000 | 139,000 | |||
Total current assets: | 1,439,000 | 839,000 | 929,000 | 929,000 | 867,000 | 972,000 | |||
Noncurrent Assets | |||||||||
Long-term investments and receivables | 17,000 | 16,000 | 19,000 | 15,000 | 14,000 | 14,000 | |||
Long-term investments | 17,000 | 16,000 | 19,000 | 15,000 | 14,000 | 14,000 | |||
Deferred income tax assets | 139,000 | 139,000 | 132,000 | 150,000 | 108,000 | 117,000 | |||
Other noncurrent assets | 122,000 | 123,000 | 148,000 | 136,000 | 166,000 | 133,000 | |||
Other undisclosed noncurrent assets | 2,773,000 | 2,793,000 | 2,770,000 | 2,722,000 | 2,745,000 | 2,764,000 | |||
Total noncurrent assets: | 3,051,000 | 3,071,000 | 3,069,000 | 3,023,000 | 3,033,000 | 3,028,000 | |||
TOTAL ASSETS: | 4,490,000 | 3,910,000 | 3,998,000 | 3,952,000 | 3,900,000 | 4,000,000 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 588,000 | 589,000 | 603,000 | 586,000 | 505,000 | 558,000 | |||
Accounts payable | 248,000 | 251,000 | 245,000 | 224,000 | 206,000 | 260,000 | |||
Accrued liabilities | 340,000 | 338,000 | 358,000 | 362,000 | 299,000 | 298,000 | |||
Derivative instruments and hedges, liabilities | 8,000 | 103,000 | 72,000 | 154,000 | |||||
Disposal group, including discontinued operation | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |||
Total current liabilities: | 593,000 | 594,000 | 616,000 | 694,000 | 582,000 | 717,000 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 1,161,000 | 541,000 | 540,000 | 589,000 | 593,000 | 592,000 | |||
Long-term debt, excluding current maturities | 1,161,000 | 541,000 | 540,000 | 589,000 | 593,000 | 592,000 | |||
Liabilities, other than long-term debt | 684,000 | 682,000 | 623,000 | 619,000 | 615,000 | 599,000 | |||
Asset retirement obligations | 436,000 | 429,000 | 422,000 | 388,000 | 411,000 | 424,000 | |||
Deferred income tax liabilities | |||||||||
Other liabilities | 248,000 | 253,000 | 201,000 | 231,000 | 204,000 | 175,000 | |||
Derivative instruments and hedges, liabilities | |||||||||
Total noncurrent liabilities: | 1,845,000 | 1,223,000 | 1,163,000 | 1,208,000 | 1,208,000 | 1,191,000 | |||
Total liabilities: | 2,438,000 | 1,817,000 | 1,779,000 | 1,902,000 | 1,790,000 | 1,908,000 | |||
Equity | |||||||||
Equity, attributable to parent | 2,052,000 | 2,093,000 | 2,219,000 | 2,050,000 | 2,110,000 | 2,092,000 | |||
Common stock | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |||
Treasury stock, value | (697,000) | (662,000) | (604,000) | (604,000) | (584,000) | (520,000) | |||
Additional paid in capital | 1,302,000 | 1,295,000 | 1,329,000 | 1,324,000 | 1,317,000 | 1,311,000 | |||
Accumulated other comprehensive income | 72,000 | 72,000 | 74,000 | 76,000 | 81,000 | 81,000 | |||
Retained earnings | 1,374,000 | 1,387,000 | 1,419,000 | 1,253,000 | 1,295,000 | 1,219,000 | |||
Total equity: | 2,052,000 | 2,093,000 | 2,219,000 | 2,050,000 | 2,110,000 | 2,092,000 | |||
TOTAL LIABILITIES AND EQUITY: | 4,490,000 | 3,910,000 | 3,998,000 | 3,952,000 | 3,900,000 | 4,000,000 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 514,000 | 454,000 | 726,000 | 460,000 | 591,000 | 1,024,000 | ||
Other undisclosed gross profit | (1,738,000) | |||||||
Gross profit: | 514,000 | 454,000 | (1,012,000) | 460,000 | 591,000 | 1,024,000 | ||
Operating expenses | (477,000) | (464,000) | 1,270,000 | (475,000) | (444,000) | (638,000) | ||
Other operating expense, net | (66,000) | |||||||
Other undisclosed operating income | 1,000 | 6,000 | 91,000 | 7,000 | ||||
Operating income (loss): | 38,000 | (4,000) | 283,000 | (15,000) | 147,000 | 393,000 | ||
Nonoperating expense | (27,000) | (15,000) | (16,000) | (15,000) | (12,000) | (1,000) | ||
Investment income, nonoperating | 5,000 | (71,000) | 119,000 | (204,000) | 31,000 | |||
Other nonoperating income (expense) | (6,000) | 1,000 | 1,000 | 3,000 | 3,000 | (1,000) | ||
Interest and debt expense | ||||||||
Other undisclosed loss from continuing operations before equity method investments, income taxes | (1,000) | |||||||
Income (loss) from continuing operations before equity method investments, income taxes: | 11,000 | (19,000) | 266,000 | (30,000) | 135,000 | 392,000 | ||
Loss from equity method investments | (4,000) | (3,000) | (3,000) | (3,000) | (1,000) | (2,000) | ||
Other undisclosed income (loss) from continuing operations before income taxes | 4,000 | 3,000 | 4,000 | 3,000 | 1,000 | (14,000) | ||
Income (loss) from continuing operations before income taxes: | 11,000 | (19,000) | 267,000 | (30,000) | 135,000 | 376,000 | ||
Income tax expense (benefit) | (3,000) | 9,000 | (79,000) | 8,000 | (38,000) | (75,000) | ||
Net income (loss) available to common stockholders, diluted: | 8,000 | (10,000) | 188,000 | (22,000) | 97,000 | 301,000 |
Comprehensive Income ($ in thousands)Annual | Quarterly
9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
---|---|---|---|---|---|---|---|---|
Net income (loss): | 8,000 | (10,000) | 188,000 | (22,000) | 97,000 | 301,000 | ||
Other comprehensive income (loss) | (5,000) | 2,000 | ||||||
Comprehensive income (loss): | 8,000 | (10,000) | 183,000 | (20,000) | 97,000 | 301,000 | ||
Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (2,000) | 3,000 | (7,000) | |||||
Comprehensive income (loss), net of tax, attributable to parent: | 8,000 | (12,000) | 186,000 | (27,000) | 97,000 | 301,000 |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.