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)

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 investments1,031,000403,000496,000479,000448,000477,000
Cash and cash equivalents1,031,000403,000496,000479,000448,000477,000
Receivables236,000258,000235,000269,000212,000279,000
Inventory, net of allowances, customer advances and progress billings56,00070,00072,00071,00069,00064,000
Inventory56,00070,00072,00071,00069,00064,000
Disposal group, including discontinued operation13,00013,00013,00013,00013,00013,000
Other current assets103,00095,000113,00097,000125,000139,000
Total current assets:1,439,000839,000929,000929,000867,000972,000
Noncurrent Assets
Long-term investments and receivables17,00016,00019,00015,00014,00014,000
Long-term investments17,00016,00019,00015,00014,00014,000
Deferred income tax assets139,000139,000132,000150,000108,000117,000
Other noncurrent assets122,000123,000148,000136,000166,000133,000
Other undisclosed noncurrent assets2,773,0002,793,0002,770,0002,722,0002,745,0002,764,000
Total noncurrent assets:3,051,0003,071,0003,069,0003,023,0003,033,0003,028,000
TOTAL ASSETS:4,490,0003,910,0003,998,0003,952,0003,900,0004,000,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities588,000589,000603,000586,000505,000558,000
Accounts payable248,000251,000245,000224,000206,000260,000
Accrued liabilities340,000338,000358,000362,000299,000298,000
Derivative instruments and hedges, liabilities   8,000103,00072,000154,000
Disposal group, including discontinued operation5,0005,0005,0005,0005,0005,000
Total current liabilities:593,000594,000616,000694,000582,000717,000
Noncurrent Liabilities
Long-term debt and lease obligation1,161,000541,000540,000589,000593,000592,000
Long-term debt, excluding current maturities1,161,000541,000540,000589,000593,000592,000
Liabilities, other than long-term debt684,000682,000623,000619,000615,000599,000
Asset retirement obligations436,000429,000422,000388,000411,000424,000
Deferred income tax liabilities      
Other liabilities248,000253,000201,000231,000204,000175,000
Derivative instruments and hedges, liabilities      
Total noncurrent liabilities:1,845,0001,223,0001,163,0001,208,0001,208,0001,191,000
Total liabilities:2,438,0001,817,0001,779,0001,902,0001,790,0001,908,000
Equity
Equity, attributable to parent2,052,0002,093,0002,219,0002,050,0002,110,0002,092,000
Common stock1,0001,0001,0001,0001,0001,000
Treasury stock, value(697,000)(662,000)(604,000)(604,000)(584,000)(520,000)
Additional paid in capital1,302,0001,295,0001,329,0001,324,0001,317,0001,311,000
Accumulated other comprehensive income72,00072,00074,00076,00081,00081,000
Retained earnings1,374,0001,387,0001,419,0001,253,0001,295,0001,219,000
Total equity:2,052,0002,093,0002,219,0002,050,0002,110,0002,092,000
TOTAL LIABILITIES AND EQUITY:4,490,0003,910,0003,998,0003,952,0003,900,0004,000,000

Income Statement (P&L) ($ in thousands)

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
Revenues514,000454,000726,000460,000591,0001,024,000
Other undisclosed gross profit   (1,738,000)   
Gross profit:514,000454,000(1,012,000)460,000591,0001,024,000
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 1,0006,00091,000  7,000
Operating income (loss):38,000(4,000)283,000(15,000)147,000393,000
Nonoperating expense(27,000)(15,000)(16,000)(15,000)(12,000)(1,000)
Investment income, nonoperating5,000(71,000)119,000(204,000)31,000 
Other nonoperating income (expense)(6,000)1,0001,0003,0003,000(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)135,000392,000
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 taxes4,0003,0004,0003,0001,000(14,000)
Income (loss) from continuing operations before income taxes:11,000(19,000)267,000(30,000)135,000376,000
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)97,000301,000

Comprehensive Income ($ in thousands)

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)97,000301,000
Other comprehensive income (loss)  (5,000)2,000  
Comprehensive income (loss):8,000(10,000)183,000(20,000)97,000301,000
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)97,000301,000

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.

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