California Resources Corp financial data

Symbol
CRC on NYSE, CRCQW on OTC
Industry
Crude Petroleum & Natural Gas
Location
1 World Trade Center, Suite 1500, Long Beach, California
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
Q1 2024 - May 8, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 143 % +50.6%
Quick Ratio 11.3 % +77.4%
Return On Equity 12 % -78.1%
Return On Assets 6.42 % -74.3%
Operating Margin 18.4 % -52.7%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 68.5 M shares -2.86%
Common Stock, Shares, Outstanding 68.5 M shares -2.86%
Entity Public Float 3.12 B USD +7.59%
Common Stock, Value, Issued 1 M USD 0%
Weighted Average Number of Shares Outstanding, Basic 69 M shares -3.23%
Weighted Average Number of Shares Outstanding, Diluted 69 M shares -6.12%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 2.23 B USD -37.6%
Revenue from Contract with Customer, Excluding Assessed Tax 1.87 B USD -31.5%
Costs and Expenses 1.85 B USD -27.3%
Operating Income (Loss) 411 M USD -70.5%
Nonoperating Income (Expense) -58 M USD +11.8%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 353 M USD -73.6%
Income Tax Expense (Benefit) 100 M USD -70.4%
Net Income (Loss) Attributable to Parent 253 M USD -74.7%
Earnings Per Share, Basic 3.74 USD/shares -72.1%
Earnings Per Share, Diluted 3.55 USD/shares -72.8%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 403 M USD -15.5%
Accounts Receivable, after Allowance for Credit Loss, Current 192 M USD -22.9%
Inventory, Net 70 M USD +9.38%
Other Assets, Current 95 M USD -31.7%
Assets, Current 839 M USD -13.7%
Deferred Income Tax Assets, Net 139 M USD +18.8%
Operating Lease, Right-of-Use Asset 85 M USD +25%
Other Assets, Noncurrent 123 M USD -7.52%
Assets 3.91 B USD -2.25%
Accounts Payable, Current 251 M USD -3.46%
Employee-related Liabilities, Current 48 M USD +20%
Accrued Liabilities, Current 338 M USD +13.4%
Liabilities, Current 594 M USD -17.2%
Operating Lease, Liability, Noncurrent 56 M USD +12%
Other Liabilities, Noncurrent 253 M USD +44.6%
Accumulated Other Comprehensive Income (Loss), Net of Tax 72 M USD -11.1%
Retained Earnings (Accumulated Deficit) 1.39 B USD +13.8%
Stockholders' Equity Attributable to Parent 1.86 B USD +10.4%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 2.09 B USD +0.05%
Liabilities and Equity 3.91 B USD -2.25%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 430 M USD -48.8%
Net Cash Provided by (Used in) Financing Activities -341 M USD +6.83%
Net Cash Provided by (Used in) Investing Activities -163 M USD +49.8%
Common Stock, Shares Authorized 200 M shares 0%
Common Stock, Shares, Issued 84.5 M shares +1.24%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -74 M USD -150%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 403 M USD -15.5%
Interest Paid, Excluding Capitalized Interest, Operating Activities 20 M USD -4.76%
Deferred Tax Assets, Valuation Allowance 0 USD -100%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 473 M USD -11.4%
Operating Lease, Liability 70 M USD 0%
Payments to Acquire Property, Plant, and Equipment 192 M USD -41.3%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -12 M USD -104%
Operating Lease, Liability, Current 19 M USD +35.7%
Lessee, Operating Lease, Liability, to be Paid, Year Two 14 M USD -6.67%
Lessee, Operating Lease, Liability, to be Paid, Year One 18 M USD -14.3%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure +16.4%
Deferred Income Tax Expense (Benefit) -21 M USD -107%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 20 M USD +33.3%
Lessee, Operating Lease, Liability, to be Paid, Year Three 12 M USD 0%
Deferred Tax Assets, Operating Loss Carryforwards 15 M USD -82.4%
Deferred Federal Income Tax Expense (Benefit) -12 M USD -109%
Current Income Tax Expense (Benefit) 121 M USD +278%
Preferred Stock, Shares Authorized 20 M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 10 M USD -16.7%
Operating Lease, Payments 28 M USD +100%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 3 M USD +200%
Current Federal Tax Expense (Benefit) 146 M USD +1360%
Depreciation, Depletion and Amortization 220 M USD +6.28%
Deferred Tax Assets, Net of Valuation Allowance 473 M USD -5.21%
Share-based Payment Arrangement, Expense 48 M USD +60%
Deferred State and Local Income Tax Expense (Benefit) 47 M USD -44.7%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%