California Resources Corporation (CRC) financial statements (2020 and earlier)
Company profile
| Business Address |
27200 TOURNEY ROAD SANTA CLARITA, CA 91355 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 22 | 17 | 20 | 12 | 12 | 14 | ||
| Cash and cash equivalents | 22 | 17 | 20 | 12 | 12 | 14 | ||
| Receivables | 248 | 299 | 277 | 232 | 200 | 308 | ||
| Inventory, net of allowances, customer advances and progress billings | 66 | 69 | 56 | 58 | 58 | 71 | ||
| Inventory | 66 | 69 | 56 | 58 | 58 | 71 | ||
| Other current assets | 174 | 255 | 130 | 123 | 227 | 308 | ||
| Total current assets: | 510 | 640 | 483 | 425 | 497 | 701 | ||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 6,403 | 6,455 | 5,696 | 5,885 | 6,312 | 11,685 | ||
| Other noncurrent assets | 122 | 63 | 28 | 44 | 244 | 111 | ||
| Total noncurrent assets: | 6,525 | 6,518 | 5,724 | 5,929 | 6,556 | 11,796 | ||
| TOTAL ASSETS: | 7,035 | 7,158 | 6,207 | 6,354 | 7,053 | 12,497 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 621 | 607 | 732 | 626 | 505 | 906 | ||
| Accounts payable | 316 | 390 | 257 | 219 | 257 | 588 | ||
| Accrued liabilities | 305 | 217 | 475 | 407 | 222 | 318 | ||
| Taxes payable | 26 | |||||||
| Debt | 39 | 100 | ||||||
| Other undisclosed current liabilities | 61 | 100 | ||||||
| Total current liabilities: | 721 | 607 | 732 | 726 | 605 | 906 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 31 | 6,043 | 6,360 | |||||
| Long-term debt, excluding current maturities | 6,043 | 6,360 | ||||||
| Finance lease, liability | 1 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 30 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 679 | 977 | 1,005 | 1,017 | 1,173 | 3,017 | ||
| Asset retirement obligations | 402 | 403 | 397 | 343 | 397 | |||
| Deferred tax liabilities, net | ✕ | 2,055 | ||||||
| Other liabilities | 679 | 575 | 602 | 620 | 830 | 565 | ||
| Other undisclosed noncurrent liabilities | 5,023 | 5,065 | 5,190 | 5,168 | 148 | (397) | ||
| Total noncurrent liabilities: | 5,733 | 6,042 | 6,195 | 6,185 | 7,364 | 8,980 | ||
| Total liabilities: | 6,454 | 6,649 | 6,927 | 6,911 | 7,969 | 9,886 | ||
| Temporary equity, carrying amount | 789 | 756 | ||||||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | (308) | (361) | (814) | (557) | (916) | 2,611 | ||
| Common stock | 4 | 4 | ||||||
| Additional paid in capital | 5,000 | 4,987 | 4,879 | 4,861 | 4,778 | 4,748 | ||
| Accumulated other comprehensive loss | (5) | (6) | (23) | (14) | (15) | (24) | ||
| Accumulated deficit | (5,303) | (5,342) | (5,670) | (5,404) | (5,683) | (2,117) | ||
| Stockholders' equity attributable to noncontrolling interest | 100 | 114 | 94 | |||||
| Total stockholders' equity: | (208) | (247) | (720) | (557) | (916) | 2,611 | ||
| TOTAL LIABILITIES AND EQUITY: | 7,035 | 7,158 | 6,207 | 6,354 | 7,053 | 12,497 | ||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|
| Revenue, net | ✕ | ✕ | 1,936 | 1,621 | 2,617 | ||
| Other operating income | 495 | 473 | 160 | 132 | 109 | 150 | |
| Gross profit: | 3,102 | 3,064 | 2,006 | 1,547 | 2,403 | 4,173 | |
| Operating expenses | (334) | (333) | (281) | (271) | (354) | (336) | |
| Other operating expense, net | (424) | (399) | (106) | (79) | (176) | (207) | |
| Other expenses | (79) | (176) | (207) | ||||
| Other undisclosed operating loss | (1,552) | (1,563) | (1,556) | (1,503) | |||
| Operating income (loss): | 792 | 769 | 63 | (306) | 1,873 | 3,630 | |
| Nonoperating income (expense) | 143 | (23) | (97) | 30 | |||
| Investment income, nonoperating | 317 | (90) | |||||
| Other nonoperating income (expense) | (25) | (23) | (7) | 30 | |||
| Interest and debt expense | (391) | (379) | (343) | (328) | (326) | (72) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 544 | 367 | (377) | (604) | 1,547 | 3,558 | |
| Other undisclosed income (loss) from continuing operations before income taxes | (28) | 62 | 115 | 805 | (7,023) | (5,979) | |
| Income (loss) from continuing operations before income taxes: | 516 | 429 | (262) | 201 | (5,476) | (2,421) | |
| Income tax benefit | 78 | 1,922 | 987 | ||||
| Net income (loss): | 516 | 429 | (262) | 279 | (3,554) | (1,434) | |
| Net loss attributable to noncontrolling interest | (131) | (101) | (4) | ||||
| Net income (loss) attributable to parent: | 385 | 328 | (266) | 279 | (3,554) | (1,434) | |
| Undistributed earnings (loss) allocated to participating securities, basic | (1) | (7) | ✕ | ✕ | ✕ | ||
| Other undisclosed net loss available to common stockholders, basic | (7) | (6) | |||||
| Net income (loss) available to common stockholders, diluted: | 377 | 321 | (266) | 273 | (3,554) | (1,434) | |
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | 516 | 429 | (262) | 279 | (3,554) | (1,434) | |
| Other comprehensive income (loss) | 6 | (1) | |||||
| Other undisclosed comprehensive loss | (438) | (530) | |||||
| Comprehensive income (loss): | 78 | (101) | (262) | 279 | (3,548) | (1,435) | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (131) | (101) | (4) | ||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 453 | 547 | (5) | 1 | 3 | 1 | |
| Comprehensive income (loss), net of tax, attributable to parent: | 400 | 345 | (271) | 280 | (3,545) | (1,434) | |
Statements sources
The financial statements are based on the company's filings with the 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.