California Resources (CRC) Financials

$36.17 +0.76 (+2.15%)

Closing price 05/2/2025 03:59 PM Eastern

Extended Trading

$36.20 +0.03 (+0.10%)

As of 05/2/2025 07:43 PM Eastern

Annual Income Statements for California Resources

This table shows California Resources' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-3,554	279	-266	328	-28	612	524	564	376
Consolidated Net Income / (Loss)	-3,554	279	-262	429	99	625	524	564	376
Net Income / (Loss) Continuing Operations	-3,554	279	-262	424	99	625	524	564	376
Total Pre-Tax Income	-5,476	201	-262	429	100	229	761	748	516
Total Operating Income	-5,142	-293	73	769	429	293	812	808	620
Total Gross Profit	2,403	1,547	2,006	2,717	2,325	1,546	2,205	2,407	2,884
Total Revenue	2,403	1,547	2,006	3,064	2,634	1,889	2,707	2,801	3,198
Operating Revenue	2,270	1,753	2,096	3,063	2,693	2,565	3,258	2,813	2,957
Other Revenue	133	-206	-90	1.00	-59	-676	-551	-12	241
Total Cost of Revenue	0.00	0.00	0.00	347	309	343	502	394	314
Operating Cost of Revenue	-	-	-	347	309	343	502	394	314
Total Operating Expenses	7,545	1,840	1,912	1,943	1,896	1,253	1,393	1,599	2,264
Selling, General & Admin Expense	354	235	249	299	290	200	222	267	321
Marketing Expense	951	800	876	912	895	705	785	822	966
Depreciation Expense	1,004	559	544	502	471	213	198	225	388
Other Operating Expenses / (Income)	348	223	242	201	211	224	245	314	586
Impairment Charge	4,852	-	-	0.00	0.00	28	2.00	3.00	14
Other Special Charges / (Income)	0.00	-	-21	-5.00	0.00	-124	-59	-32	-11
Total Other Income / (Expense), net	-334	494	-356	-345	-329	-64	-51	-60	-104
Interest Expense	326	328	343	322	257	56	53	57	92
Interest & Investment Income	-	-	-	-	-	0.00	-1.00	-9.00	-10
Other Income / (Expense), net	-8.00	822	-13	-23	-72	-8.00	3.00	6.00	-2.00
Income Tax Expense	-1,922	-78	0.00	0.00	1.00	-396	237	184	140
Basic Earnings per Share	($92.79)	$6.76	($6.26)	$6.77	($0.57)	$7.46	$6.94	$8.10	$4.74
Weighted Average Basic Shares Outstanding	38.30M	41.30M	42.50M	48.40M	49M	82M	75.50M	69.60M	79.30M
Diluted Earnings per Share	($92.79)	$6.76	($6.26)	$6.77	($0.57)	$7.37	$6.75	$7.78	$4.62
Weighted Average Diluted Shares Outstanding	38.30M	41.30M	42.50M	48.40M	49M	83M	77.60M	72.50M	81.40M
Weighted Average Basic & Diluted Shares Outstanding	38.30M	41.30M	42.50M	48.40M	49.18M	78.74M	71.49M	69.27M	90.78M
Cash Dividends to Common per Share	$0.30	-	-	-	-	$0.17	$0.79	$1.16	$1.40

This table shows California Resources' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	426	83	301	97	-22	188	-10	8.00	345	33
Consolidated Net Income / (Loss)	426	83	301	97	-22	188	-10	8.00	345	33
Net Income / (Loss) Continuing Operations	426	83	301	97	-22	188	-10	8.00	345	33
Total Pre-Tax Income	579	117	376	135	-30	267	-19	11	483	41
Total Operating Income	591	132	393	147	-15	283	-4.00	38	518	68
Total Gross Profit	972	502	834	535	390	648	372	440	1,278	794
Total Revenue	1,125	682	1,024	591	460	726	454	514	1,353	877
Operating Revenue	882	814	982	560	664	607	525	509	997	926
Other Revenue	243	-132	42	31	-204	119	-71	5.00	356	-49
Total Cost of Revenue	153	180	190	56	70	78	82	74	75	83
Operating Cost of Revenue	153	180	190	56	70	78	82	74	75	83
Total Operating Expenses	381	370	441	388	405	365	376	402	760	726
Selling, General & Admin Expense	59	59	65	71	65	66	57	63	106	95
Marketing Expense	214	199	254	186	196	186	176	156	311	323
Depreciation Expense	50	49	58	56	56	55	53	53	140	142
Other Operating Expenses / (Income)	59	65	67	74	88	85	95	118	202	171
Impairment Charge	0.00	-	3.00	0.00	0.00	-	0.00	13	0.00	1.00
Other Special Charges / (Income)	-2.00	1.00	-7.00	0.00	0.00	-25	-6.00	-1.00	0.00	-4.00
Total Other Income / (Expense), net	-12	-15	-17	-12	-15	-16	-15	-27	-35	-27
Interest Expense	13	14	14	14	15	14	13	17	34	28
Interest & Investment Income	0.00	-1.00	-2.00	-1.00	-3.00	-3.00	-3.00	-4.00	-2.00	-1.00
Other Income / (Expense), net	1.00	-	-1.00	3.00	3.00	1.00	1.00	-6.00	1.00	2.00
Income Tax Expense	153	34	75	38	-8.00	79	-9.00	3.00	138	8.00
Basic Earnings per Share	$5.75	$0.94	$4.22	$1.39	($0.32)	$2.81	($0.14)	$0.12	$3.86	$0.90
Weighted Average Basic Shares Outstanding	74.10M	75.50M	71.30M	69.70M	68.70M	69.60M	69M	68.10M	89.40M	79.30M
Diluted Earnings per Share	$5.58	$0.99	$4.09	$1.35	($0.32)	$2.66	($0.14)	$0.11	$3.78	$0.87
Weighted Average Diluted Shares Outstanding	76.30M	77.60M	73.50M	71.90M	68.70M	72.50M	69M	70M	91.20M	81.40M
Weighted Average Basic & Diluted Shares Outstanding	73.47M	71.49M	70.55M	68.96M	68.62M	69.27M	68.53M	67.88M	91.71M	90.78M

This table details how cash moves in and out of California Resources' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-2.00	0.00	8.00	-3.00	0.00	277	2.00	189	-124
Net Cash From Operating Activities	403	130	248	461	676	660	690	653	610
Net Cash From Continuing Operating Activities	403	130	248	461	676	660	690	653	610
Net Income / (Loss) Continuing Operations	-3,554	279	-262	429	99	625	524	564	376
Consolidated Net Income / (Loss)	-3,554	279	-262	429	99	625	524	564	376
Depreciation Expense	1,004	559	544	502	471	213	198	225	388
Non-Cash Adjustments To Reconcile Net Income	5,309	-448	137	-178	182	325	-201	-177	-128
Changes in Operating Assets and Liabilities, net	-2,353	-189	-97	-216	-6.00	-503	169	41	-26
Net Cash From Investing Activities	-757	-61	-313	-1,156	-394	-161	-317	-175	-1,077
Net Cash From Continuing Investing Activities	-757	-61	-313	-1,156	-394	-161	-317	-175	-1,077
Purchase of Property, Plant & Equipment	-401	-75	-371	-690	-455	-194	-396	-190	-261
Acquisitions	-151	0.00	0.00	-547	-6.00	-52	0.00	0.00	-853
Sale of Property, Plant & Equipment	0.00	20	33	18	164	67	80	32	15
Sale and/or Maturity of Investments	-	-	-	-	-	0.00	12	0.00	0.00
Other Investing Activities, net	-205	-6.00	25	63	-97	18	-13	-17	22
Net Cash From Financing Activities	352	-69	73	692	-282	-222	-371	-289	343
Net Cash From Continuing Financing Activities	352	-69	73	692	-282	-222	-371	-289	343
Repayment of Debt	-1,679	-2,291	-2,988	-2,849	-2,511	-628	0.00	-64	-351
Repurchase of Common Equity	-	-	-	-	0.00	-148	-313	-143	-192
Payment of Dividends	-12	0.00	-8.00	-121	-151	-64	-59	-81	-113
Issuance of Debt	2,035	2,218	2,970	2,823	2,330	616	0.00	0.00	918
Issuance of Common Equity	8.00	4.00	101	850	53	2.00	1.00	2.00	2.00
Other Financing Activities, net	0.00	0.00	-2.00	-11	-3.00	0.00	0.00	-3.00	79

This table details how cash moves in and out of California Resources' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	34	-51	170	-29	31	17	-93	628	-790	131
Net Cash From Operating Activities	235	114	310	108	104	131	87	97	220	206
Net Cash From Continuing Operating Activities	235	114	310	108	104	131	87	97	220	206
Net Income / (Loss) Continuing Operations	426	83	301	97	-22	188	-10	8.00	345	33
Consolidated Net Income / (Loss)	426	83	301	97	-22	188	-10	8.00	345	33
Depreciation Expense	50	49	58	56	56	55	53	53	140	142
Non-Cash Adjustments To Reconcile Net Income	-412	-	-90	-64	135	-158	58	44	-326	96
Changes in Operating Assets and Liabilities, net	171	-18	41	19	-65	46	-14	-8.00	61	-65
Net Cash From Investing Activities	-109	-79	-61	-44	-28	-42	-49	-33	-928	-67
Net Cash From Continuing Investing Activities	-109	-79	-61	-44	-28	-42	-49	-33	-928	-67
Purchase of Property, Plant & Equipment	-107	-92	-47	-39	-34	-70	-54	-34	-85	-88
Sale of Property, Plant & Equipment	3.00	1.00	0.00	-	-	32	10	2.00	-	3.00
Other Investing Activities, net	-17	-5.00	-14	-4.00	5.00	-4.00	-5.00	5.00	4.00	18
Net Cash From Financing Activities	-92	-86	-79	-93	-45	-72	-131	564	-82	-8.00
Net Cash From Continuing Financing Activities	-92	-86	-79	-93	-45	-72	-131	564	-82	-8.00
Repayment of Debt	-	-	-	-	-5.00	-51	-	-	-340	-8.00
Repurchase of Common Equity	-80	-66	-59	-64	-20	-	-58	-35	-42	-57
Payment of Dividends	-13	-20	-20	-20	-19	-22	-21	-22	-34	-36
Other Financing Activities, net	-	-	-1.00	-1.00	-1.00	-	-53	2.00	37	93

This table presents California Resources' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	7,053	6,354	6,207	7,158	6,958	3,074	3,846	3,967	3,998	7,135
Total Current Assets	438	425	483	640	491	329	753	864	929	1,024
Cash & Equivalents	12	12	20	17	17	28	305	307	496	372
Accounts Receivable	200	232	277	299	277	177	245	359	235	376
Inventories, net	58	58	56	69	67	61	60	60	72	90
Other Current Assets	168	123	130	255	130	63	121	133	113	176
Other Current Nonoperating Assets	-	-	-	-	-	0.00	22	5.00	13	10
Plant, Property, & Equipment, net	6,312	5,885	5,696	6,455	6,352	2,655	2,599	2,786	2,770	5,680
Plant, Property & Equipment, gross	20,996	20,915	21,260	22,523	22,889	2,689	2,845	3,228	3,437	6,738
Accumulated Depreciation	14,684	15,030	15,564	16,068	16,537	34	246	442	667	1,058
Total Noncurrent Assets	303	44	28	63	115	90	494	317	299	431
Long-Term Investments	-	-	-	-	-	-	0.00	13	19	86
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	0.00	396	164	132	73
Other Noncurrent Operating Assets	303	44	28	63	115	90	98	140	148	272
Total Liabilities & Shareholders' Equity	7,053	6,354	6,207	7,158	6,958	3,074	3,846	3,967	3,998	7,135
Total Liabilities	7,969	6,911	6,927	6,649	6,452	1,892	2,158	2,103	1,779	3,597
Total Current Liabilities	605	726	732	607	709	473	854	894	616	980
Accounts Payable	257	219	257	390	296	212	266	345	245	369
Accrued Expenses	222	407	475	217	313	211	297	298	366	611
Other Current Nonoperating Liabilities	-	-	-	-	-	0.00	21	5.00	5.00	0.00
Total Noncurrent Liabilities	7,364	6,185	6,195	6,042	5,743	1,419	1,304	1,209	1,163	2,617
Long-Term Debt	6,043	5,168	5,306	5,251	5,023	597	589	592	540	1,132
Asset Retirement Reserve & Litigation Obligation	-	-	-	-	-	547	438	432	422	995
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	0.00	113
Other Noncurrent Operating Liabilities	1,321	1,017	889	791	720	275	277	185	201	377
Total Equity & Noncontrolling Interests	-916	-557	-720	-247	-296	1,182	1,688	1,864	2,219	3,538
Total Preferred & Common Equity	-916	-557	-814	-361	-389	1,138	1,688	1,864	2,219	3,538
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-916	-557	-814	-361	-389	1,138	1,688	1,864	2,219	3,538
Common Stock	4,782	4,861	4,879	4,987	5,004	1,269	1,289	1,306	1,330	2,579
Retained Earnings	-5,683	-5,404	-5,670	-5,342	-5,370	-123	475	938	1,419	1,680
Treasury Stock	-	-	-	-	-	0.00	-148	-461	-604	-796
Accumulated Other Comprehensive Income / (Loss)	-15	-14	-23	-6.00	-23	-8.00	72	81	74	75

This table presents California Resources' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	3,986	4,000	3,900	3,952	3,910	4,490	7,128
Total Current Assets	884	972	867	929	839	1,439	872
Cash & Equivalents	358	477	448	479	403	1,031	241
Accounts Receivable	321	279	212	269	258	236	359
Inventories, net	59	64	69	71	70	56	75
Other Current Assets	143	139	125	97	95	103	184
Other Current Nonoperating Assets	3.00	13	13	13	13	13	13
Plant, Property, & Equipment, net	2,734	2,764	2,745	2,722	2,793	2,773	5,836
Plant, Property & Equipment, gross	3,126	3,266	3,303	3,336	3,514	3,548	6,752
Accumulated Depreciation	392	502	558	614	721	775	916
Total Noncurrent Assets	368	264	288	301	278	278	420
Long-Term Investments	14	14	14	15	16	17	84
Noncurrent Deferred & Refundable Income Taxes	230	117	108	150	139	139	50
Other Noncurrent Operating Assets	124	133	166	136	123	122	286
Total Liabilities & Shareholders' Equity	3,986	4,000	3,900	3,952	3,910	4,490	7,128
Total Liabilities	2,131	1,908	1,790	1,902	1,817	2,438	3,627
Total Current Liabilities	932	717	582	694	594	593	897
Accounts Payable	305	260	206	224	251	248	351
Accrued Expenses	371	298	299	362	338	340	541
Other Current Nonoperating Liabilities	2.00	5.00	5.00	5.00	5.00	5.00	5.00
Total Noncurrent Liabilities	1,199	1,191	1,208	1,208	1,223	1,845	2,730
Long-Term Debt	591	592	593	589	541	1,161	1,131
Asset Retirement Reserve & Litigation Obligation	397	424	411	388	429	436	1,083
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	124
Other Noncurrent Operating Liabilities	211	175	204	231	253	248	392
Total Equity & Noncontrolling Interests	1,855	2,092	2,110	2,050	2,093	2,052	3,501
Total Preferred & Common Equity	1,855	2,092	2,110	2,050	2,093	2,052	3,501
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,855	2,092	2,110	2,050	2,093	2,052	3,501
Common Stock	1,302	1,312	1,318	1,325	1,296	1,303	2,480
Retained Earnings	876	1,219	1,295	1,253	1,387	1,374	1,683
Treasury Stock	-395	-520	-584	-604	-662	-697	-739
Accumulated Other Comprehensive Income / (Loss)	72	81	81	76	72	72	77

This table displays calculated financial ratios and metrics derived from California Resources' official financial filings.

Metric	2015	2016	2017	2018	2019	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	-42.42%	-35.62%	29.67%	52.74%	-14.03%	0.00%	43.30%	3.47%	14.17%
EBITDA Growth	-260.47%	124.51%	-47.89%	121.13%	-35.32%	0.00%	103.41%	2.57%	-3.18%
EBIT Growth	-119.24%	110.27%	-88.66%	1,143.33%	-52.14%	0.00%	185.96%	-0.12%	-24.08%
NOPAT Growth	-118.90%	88.70%	112.56%	1,404.89%	-44.77%	0.00%	-30.08%	8.96%	-25.84%
Net Income Growth	-147.84%	107.85%	-193.91%	263.74%	-76.92%	0.00%	-16.16%	7.63%	-33.33%
EPS Growth	-147.18%	107.29%	-192.60%	208.15%	-108.42%	0.00%	-8.41%	15.26%	-40.62%
Operating Cash Flow Growth	-83.00%	-67.74%	90.77%	85.89%	46.64%	0.00%	4.55%	-5.36%	-6.59%
Free Cash Flow Firm Growth	123.29%	-23.35%	68.44%	-321.62%	236.20%	0.00%	0.00%	29.21%	-397.35%
Invested Capital Growth	-41.78%	-9.89%	-2.83%	25.78%	-2.28%	0.00%	8.37%	4.68%	87.92%
Revenue Q/Q Growth	-9.56%	-6.86%	0.15%	25.52%	-15.09%	0.00%	1.81%	1.60%	4.96%
EBITDA Q/Q Growth	-61.19%	121.92%	-12.97%	73.37%	-34.43%	0.00%	-16.90%	17.93%	-11.21%
EBIT Q/Q Growth	-41.37%	110.07%	-54.89%	199.60%	-51.82%	0.00%	-19.86%	22.96%	-25.72%
NOPAT Q/Q Growth	-41.15%	88.94%	-39.67%	313.00%	-46.38%	0.00%	-54.07%	20.81%	-24.39%
Net Income Q/Q Growth	-50.40%	109.54%	-28.43%	537.76%	-80.81%	0.00%	-54.63%	22.88%	-29.19%
EPS Q/Q Growth	-110.98%	108.47%	-39.42%	284.47%	-107.17%	0.00%	-52.96%	27.33%	-27.93%
Operating Cash Flow Q/Q Growth	-56.00%	-4.41%	18.10%	10.82%	11.18%	0.00%	-11.54%	2.67%	14.02%
Free Cash Flow Firm Q/Q Growth	0.00%	-68.83%	-36.89%	17.38%	22.40%	100.00%	-40.95%	15.66%	3.21%
Invested Capital Q/Q Growth	-40.54%	-0.95%	0.64%	10.08%	1.03%	29.42%	3.04%	4.63%	-2.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	88.67%	88.27%	81.84%	81.46%	85.93%	90.18%
EBITDA Margin	-172.66%	65.74%	26.42%	38.25%	28.78%	26.36%	37.42%	37.09%	31.46%
Operating Margin	-213.98%	-18.94%	3.64%	25.10%	16.29%	15.51%	30.00%	28.85%	19.39%
EBIT Margin	-214.32%	34.20%	2.99%	24.35%	13.55%	15.09%	30.11%	29.06%	19.32%
Profit (Net Income) Margin	-147.90%	18.03%	-13.06%	14.00%	3.76%	33.09%	19.36%	20.14%	11.76%
Tax Burden Percent	64.90%	138.81%	100.00%	100.00%	99.00%	272.93%	68.86%	75.40%	72.87%
Interest Burden Percent	106.33%	38.00%	-436.67%	57.51%	28.01%	80.35%	93.37%	91.89%	83.50%
Effective Tax Rate	0.00%	-38.81%	0.00%	0.00%	1.00%	-172.93%	31.14%	24.60%	27.13%
Return on Invested Capital (ROIC)	-50.80%	-8.20%	1.10%	14.92%	7.48%	40.57%	27.23%	27.87%	14.03%
ROIC Less NNEP Spread (ROIC-NNEP)	-50.07%	3.84%	-4.84%	8.46%	1.18%	-21.15%	14.57%	-3.44%	-8.22%
Return on Net Nonoperating Assets (RNNOA)	-368.56%	-29.68%	39.93%	-421.55%	12.03%	-3.55%	2.28%	-0.24%	-0.97%
Return on Equity (ROE)	-419.35%	-37.88%	41.03%	-406.64%	19.51%	37.03%	29.50%	27.63%	13.06%
Cash Return on Invested Capital (CROIC)	2.01%	2.20%	3.97%	-7.92%	9.79%	0.00%	19.19%	23.30%	-47.04%
Operating Return on Assets (OROA)	-52.87%	7.89%	0.96%	11.16%	5.06%	8.24%	20.86%	20.44%	11.10%
Return on Assets (ROA)	-36.49%	4.16%	-4.17%	6.42%	1.40%	18.06%	13.41%	14.16%	6.75%
Return on Common Equity (ROCE)	-419.35%	-37.88%	44.05%	-2,264.44%	-14.41%	36.46%	29.50%	27.63%	13.06%
Return on Equity Simple (ROE_SIMPLE)	387.99%	-50.09%	32.19%	-118.84%	-25.45%	37.03%	28.11%	25.42%	10.63%
Net Operating Profit after Tax (NOPAT)	-3,599	-407	51	769	425	800	559	609	452
NOPAT Margin	-149.79%	-26.29%	2.55%	25.10%	16.12%	42.33%	20.65%	21.75%	14.13%
Net Nonoperating Expense Percent (NNEP)	-0.73%	-12.04%	5.94%	6.46%	6.30%	61.72%	12.65%	31.31%	22.26%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	22.77%	22.08%	9.67%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	11.33%	11.73%	18.16%	18.54%	14.07%	9.82%
SG&A Expenses to Revenue	14.73%	15.19%	12.41%	9.76%	11.01%	10.59%	8.20%	9.53%	10.04%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	313.98%	118.94%	95.31%	63.41%	71.98%	66.33%	51.46%	57.09%	70.79%
Earnings before Interest and Taxes (EBIT)	-5,150	529	60	746	357	285	815	814	618
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-4,149	1,017	530	1,172	758	498	1,013	1,039	1,006
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	1.95	1.63	1.76	1.08
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	1.95	1.63	1.76	1.08
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	0.00	1.74	1.12	1.40	1.19
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	5.38	5.80	6.94	10.14
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.42%	1.92%	2.17%	2.69%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	18.60%	17.26%	14.41%	9.86%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	1.81	1.55	1.76	1.07
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	1.89	1.22	1.41	1.40
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	7.18	3.27	3.79	4.46
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	12.54	4.06	4.84	7.26
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	4.47	5.92	6.46	9.93
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	5.42	4.80	6.03	7.35
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	8.40	7.73	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	-6.71	-9.46	-7.37	10.32	10.12	0.35	0.32	0.24	0.32
Long-Term Debt to Equity	-6.60	-9.28	-7.37	10.32	9.93	0.35	0.32	0.24	0.32
Financial Leverage	7.36	-7.73	-8.26	-49.86	10.19	0.17	0.16	0.07	0.12
Leverage Ratio	11.49	-9.10	-9.84	-63.34	13.91	2.41	2.20	1.95	1.93
Compound Leverage Factor	12.22	-3.46	42.95	-36.43	3.90	1.94	2.05	1.79	1.61
Debt to Total Capital	117.52%	111.82%	115.70%	91.16%	91.01%	25.87%	24.10%	19.57%	24.24%
Short-Term Debt to Total Capital	1.91%	2.12%	0.00%	0.00%	1.78%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	115.61%	109.70%	115.70%	91.16%	89.23%	25.87%	24.10%	19.57%	24.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	2.05%	15.10%	15.90%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-17.52%	-11.82%	-17.75%	-6.27%	-6.91%	74.13%	75.90%	80.43%	75.76%
Debt to EBITDA	-1.48	5.18	10.01	4.48	6.76	1.18	0.58	0.52	1.13
Net Debt to EBITDA	-1.48	5.17	9.97	4.47	6.74	0.57	0.27	0.02	0.67
Long-Term Debt to EBITDA	-1.46	5.08	10.01	4.48	6.63	1.18	0.58	0.52	1.13
Debt to NOPAT	-1.71	-12.95	103.84	6.83	12.06	0.74	1.06	0.89	2.51
Net Debt to NOPAT	-1.70	-12.92	103.44	6.81	12.02	0.36	0.49	0.04	1.49
Long-Term Debt to NOPAT	-1.68	-12.71	103.84	6.83	11.83	0.74	1.06	0.89	2.51
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	1.79	2.55	3.28	1.71
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	-7.36%	-456.87%	173.89%	1.53%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.72	0.59	0.66	1.05	0.69	0.88	0.97	1.51	1.04
Quick Ratio	0.35	0.34	0.41	0.52	0.41	0.64	0.75	1.19	0.76
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	143	109	184	-408	556	0.00	394	509	-1,514
Operating Cash Flow to CapEx	100.50%	236.36%	73.37%	68.60%	232.30%	519.69%	218.35%	413.29%	247.97%
Free Cash Flow to Firm to Interest Expense	0.44	0.33	0.54	-1.27	2.16	0.00	7.44	8.93	-16.46
Operating Cash Flow to Interest Expense	1.24	0.40	0.72	1.43	2.63	11.79	13.02	11.46	6.63
Operating Cash Flow Less CapEx to Interest Expense	0.01	0.23	-0.26	-0.66	1.50	9.52	7.06	8.68	3.96
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.25	0.23	0.32	0.46	0.37	0.55	0.69	0.70	0.57
Accounts Receivable Turnover	9.46	7.16	7.88	10.64	9.15	8.95	8.96	9.43	10.47
Inventory Turnover	0.00	0.00	0.00	5.55	4.54	5.67	8.37	5.97	3.88
Fixed Asset Turnover	0.27	0.25	0.35	0.50	0.41	0.72	1.01	1.01	0.76
Accounts Payable Turnover	0.00	0.00	0.00	1.07	0.90	1.44	1.64	1.34	1.02
Days Sales Outstanding (DSO)	38.58	50.96	46.31	34.31	39.91	40.77	40.72	38.70	34.87
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	65.74	80.32	64.38	43.63	61.14	94.16
Days Payable Outstanding (DPO)	0.00	0.00	0.00	340.28	405.16	254.33	222.13	273.29	356.86
Cash Conversion Cycle (CCC)	38.58	50.96	46.31	-240.23	-284.93	-149.18	-137.78	-173.44	-227.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	5,215	4,699	4,566	5,743	5,612	1,971	2,136	2,236	4,202
Invested Capital Turnover	0.34	0.31	0.43	0.59	0.46	0.96	1.32	1.28	0.99
Increase / (Decrease) in Invested Capital	-3,742	-516	-133	1,177	-131	0.00	165	100	1,966
Enterprise Value (EV)	0.00	0.00	0.00	0.00	0.00	3,574	3,309	3,938	4,486
Market Capitalization	0.00	0.00	0.00	0.00	0.00	3,290	3,037	3,913	3,812
Book Value per Share	($2.36)	($13.51)	($18.99)	($7.43)	($7.92)	$21.00	$25.37	$32.34	$38.58
Tangible Book Value per Share	($2.36)	($13.51)	($18.99)	($7.43)	($7.92)	$21.00	$25.37	$32.34	$38.58
Total Capital	5,227	4,711	4,586	5,760	5,629	2,277	2,456	2,759	4,670
Total Debt	6,143	5,268	5,306	5,251	5,123	589	592	540	1,132
Total Long-Term Debt	6,043	5,168	5,306	5,251	5,023	589	592	540	1,132
Net Debt	6,131	5,256	5,286	5,234	5,106	284	272	25	674
Capital Expenditures (CapEx)	401	55	338	672	291	127	316	158	246
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-79	-213	-269	16	-135	-406	-337	-183	-328
Debt-free Net Working Capital (DFNWC)	-67	-201	-249	33	-118	-101	-30	313	44
Net Working Capital (NWC)	-167	-301	-249	33	-218	-101	-30	313	44
Net Nonoperating Expense (NNE)	-45	-686	313	340	326	175	35	45	76
Net Nonoperating Obligations (NNO)	6,131	5,256	5,286	5,234	5,106	283	272	17	664
Total Depreciation and Amortization (D&A)	1,001	488	470	426	401	213	198	225	388
Debt-free, Cash-free Net Working Capital to Revenue	-3.29%	-13.77%	-13.41%	0.52%	-5.13%	-21.49%	-12.45%	-6.53%	-10.26%
Debt-free Net Working Capital to Revenue	-2.79%	-12.99%	-12.41%	1.08%	-4.48%	-5.35%	-1.11%	11.17%	1.38%
Net Working Capital to Revenue	-6.95%	-19.46%	-12.41%	1.08%	-8.28%	-5.35%	-1.11%	11.17%	1.38%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($9.27)	$6.76	($6.26)	$6.77	($0.57)	$7.46	$6.94	$8.10	$4.74
Adjusted Weighted Average Basic Shares Outstanding	388.18M	42.54M	42.90M	48.65M	49.18M	82M	75.50M	69.60M	79.30M
Adjusted Diluted Earnings per Share	($9.27)	$6.76	($6.26)	$6.77	($0.57)	$7.37	$6.75	$7.78	$4.62
Adjusted Weighted Average Diluted Shares Outstanding	388.18M	42.54M	42.90M	48.65M	49.18M	83M	77.60M	72.50M	81.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	($6.26)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	388.18M	42.54M	42.90M	48.65M	49.18M	78.74M	71.49M	69.27M	90.78M
Normalized Net Operating Profit after Tax (NOPAT)	-203	-205	36	535	425	138	520	587	454
Normalized NOPAT Margin	-8.45%	-13.26%	1.81%	17.45%	16.12%	7.30%	19.20%	20.97%	14.20%
Pre Tax Income Margin	-227.88%	12.99%	-13.06%	14.00%	3.80%	12.12%	28.11%	26.70%	16.14%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-15.80	1.61	0.17	2.32	1.39	5.09	15.38	14.28	6.72
NOPAT to Interest Expense	-11.04	-1.24	0.15	2.39	1.65	14.28	10.55	10.69	4.91
EBIT Less CapEx to Interest Expense	-17.03	1.45	-0.81	0.23	0.26	2.82	9.42	11.51	4.04
NOPAT Less CapEx to Interest Expense	-12.27	-1.41	-0.84	0.30	0.52	12.01	4.59	7.92	2.24
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-0.34%	0.00%	-3.05%	28.21%	152.53%	10.24%	11.26%	14.36%	30.05%
Augmented Payout Ratio	-0.34%	0.00%	-3.05%	28.21%	152.53%	33.92%	70.99%	39.72%	81.12%

This table displays calculated financial ratios and metrics derived from California Resources' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	91.33%	7.57%	569.28%	-20.88%	-59.11%	6.45%	-55.66%	-13.03%	194.13%	20.80%
EBITDA Growth	266.86%	-53.23%	423.74%	-37.39%	-93.15%	87.29%	-88.89%	-58.74%	1,397.73%	-37.46%
EBIT Growth	389.26%	-60.48%	308.51%	-46.24%	-102.03%	115.15%	-100.77%	-78.67%	4,425.00%	-75.35%
NOPAT Growth	256.42%	-87.51%	337.80%	-46.81%	-102.41%	112.80%	-100.89%	-73.83%	3,623.81%	-72.53%
Net Income Growth	298.13%	-88.38%	272.00%	-48.95%	-105.16%	126.51%	-103.32%	-91.75%	1,668.18%	-82.45%
EPS Growth	346.40%	-88.48%	283.41%	-43.98%	-105.73%	168.69%	-103.42%	-91.85%	1,281.25%	-67.29%
Operating Cash Flow Growth	29.12%	-44.12%	93.75%	-40.33%	-55.74%	14.91%	-71.94%	-10.19%	111.54%	57.25%
Free Cash Flow Firm Growth	96.29%	0.00%	38.60%	-90.87%	35.31%	239.11%	85.94%	130.09%	-2,305.37%	-2,025.40%
Invested Capital Growth	36.11%	8.37%	28.98%	25.24%	3.09%	4.68%	1.01%	-3.40%	101.17%	87.92%
Revenue Q/Q Growth	50.60%	-39.38%	50.15%	-42.29%	-22.17%	57.83%	-37.47%	13.22%	163.23%	-35.18%
EBITDA Q/Q Growth	95.14%	-71.81%	148.62%	-54.22%	-78.64%	670.45%	-85.25%	70.00%	675.29%	-67.83%
EBIT Q/Q Growth	112.19%	-77.70%	196.97%	-61.73%	-108.00%	2,466.67%	-101.06%	1,166.67%	1,521.88%	-86.51%
NOPAT Q/Q Growth	118.98%	-78.46%	235.97%	-66.43%	-109.94%	1,997.77%	-101.41%	1,087.01%	1,238.82%	-85.21%
Net Income Q/Q Growth	124.21%	-80.52%	262.65%	-67.77%	-122.68%	954.55%	-105.32%	180.00%	4,212.50%	-90.43%
EPS Q/Q Growth	131.54%	-82.26%	313.13%	-66.99%	-123.70%	931.25%	-105.26%	178.57%	3,336.36%	-76.98%
Operating Cash Flow Q/Q Growth	29.83%	-51.49%	171.93%	-65.16%	-3.70%	25.96%	-33.59%	11.49%	126.80%	-6.36%
Free Cash Flow Firm Q/Q Growth	36.17%	38.04%	-147.19%	-95.24%	78.37%	233.24%	-124.98%	517.89%	-1,829.12%	-6.66%
Invested Capital Q/Q Growth	16.26%	3.04%	2.29%	2.20%	-4.30%	4.63%	-1.30%	-2.27%	99.30%	-2.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	86.40%	73.61%	81.45%	90.52%	84.78%	89.26%	81.94%	85.60%	94.46%	90.54%
EBITDA Margin	57.07%	26.54%	43.95%	34.86%	9.57%	46.69%	11.01%	16.54%	48.71%	24.17%
Operating Margin	52.53%	19.35%	38.38%	24.87%	-3.26%	38.98%	-0.88%	7.39%	38.29%	7.75%
EBIT Margin	52.62%	19.35%	38.28%	25.38%	-2.61%	39.12%	-0.66%	6.23%	38.36%	7.98%
Profit (Net Income) Margin	37.87%	12.17%	29.39%	16.41%	-4.78%	25.90%	-2.20%	1.56%	25.50%	3.76%
Tax Burden Percent	73.58%	70.94%	80.05%	71.85%	73.33%	70.41%	52.63%	72.73%	71.43%	80.49%
Interest Burden Percent	97.80%	88.64%	95.92%	90.00%	250.00%	94.01%	633.33%	34.38%	93.06%	58.57%
Effective Tax Rate	26.42%	29.06%	19.95%	28.15%	0.00%	29.59%	0.00%	27.27%	28.57%	19.51%
Return on Invested Capital (ROIC)	57.16%	18.10%	56.68%	30.46%	-2.99%	35.17%	-0.63%	5.28%	25.89%	6.20%
ROIC Less NNEP Spread (ROIC-NNEP)	54.60%	14.27%	48.99%	26.02%	-10.53%	27.37%	-7.58%	-11.95%	20.24%	-0.18%
Return on Net Nonoperating Assets (RNNOA)	12.94%	2.23%	4.92%	2.79%	-0.82%	1.94%	-0.38%	-0.65%	3.23%	-0.02%
Return on Equity (ROE)	70.10%	20.33%	61.60%	33.25%	-3.81%	37.11%	-1.00%	4.62%	29.12%	6.18%
Cash Return on Invested Capital (CROIC)	37.12%	19.19%	28.40%	24.85%	20.92%	23.30%	12.41%	13.32%	-48.62%	-47.04%
Operating Return on Assets (OROA)	38.19%	13.41%	34.11%	21.94%	-1.81%	27.51%	-0.37%	3.20%	21.10%	4.59%
Return on Assets (ROA)	27.48%	8.43%	26.19%	14.19%	-3.32%	18.21%	-1.24%	0.80%	14.02%	2.16%
Return on Common Equity (ROCE)	70.10%	20.33%	61.60%	33.25%	-3.81%	37.11%	-1.00%	4.62%	29.12%	6.18%
Return on Equity Simple (ROE_SIMPLE)	62.26%	0.00%	47.80%	42.99%	22.39%	0.00%	12.09%	7.99%	15.17%	0.00%
Net Operating Profit after Tax (NOPAT)	435	94	315	106	-11	199	-2.80	28	370	55
NOPAT Margin	38.65%	13.73%	30.72%	17.87%	-2.28%	27.45%	-0.62%	5.38%	27.35%	6.24%
Net Nonoperating Expense Percent (NNEP)	2.56%	3.83%	7.69%	4.43%	7.54%	7.80%	6.96%	17.22%	5.65%	6.38%
Return On Investment Capital (ROIC_SIMPLE)	-	3.81%	-	-	-	7.22%	-	-	-	1.17%
Cost of Revenue to Revenue	13.60%	26.39%	18.55%	9.48%	15.22%	10.74%	18.06%	14.40%	5.54%	9.46%
SG&A Expenses to Revenue	5.24%	8.65%	6.35%	12.01%	14.13%	9.09%	12.56%	12.26%	7.83%	10.83%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	33.87%	54.25%	43.07%	65.65%	88.04%	50.28%	82.82%	78.21%	56.17%	82.78%
Earnings before Interest and Taxes (EBIT)	592	132	392	150	-12	284	-3.00	32	519	70
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	642	181	450	206	44	339	50	85	659	212
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.48	1.63	1.32	1.54	1.96	1.76	1.93	1.91	1.10	1.08
Price to Tangible Book Value (P/TBV)	1.48	1.63	1.32	1.54	1.96	1.76	1.93	1.91	1.10	1.08
Price to Revenue (P/Rev)	1.03	1.12	0.77	0.95	1.45	1.40	1.81	1.82	1.27	1.19
Price to Earnings (P/E)	2.37	5.80	2.76	3.58	8.74	6.94	16.00	23.84	7.26	10.14
Dividend Yield	1.83%	1.92%	2.41%	2.30%	2.07%	2.17%	2.15%	2.28%	2.51%	2.69%
Earnings Yield	42.21%	17.26%	36.22%	27.91%	11.45%	14.41%	6.25%	4.19%	13.77%	9.86%
Enterprise Value to Invested Capital (EV/IC)	1.43	1.55	1.31	1.51	1.92	1.76	1.89	1.87	1.08	1.07
Enterprise Value to Revenue (EV/Rev)	1.11	1.22	0.80	0.99	1.49	1.41	1.87	1.87	1.53	1.40
Enterprise Value to EBITDA (EV/EBITDA)	2.42	3.27	1.79	2.29	4.66	3.79	6.53	7.77	4.11	4.46
Enterprise Value to EBIT (EV/EBIT)	2.91	4.06	2.05	2.67	6.20	4.84	9.95	13.37	5.60	7.26
Enterprise Value to NOPAT (EV/NOPAT)	2.43	5.92	2.75	3.56	8.14	6.46	14.16	18.60	7.80	9.93
Enterprise Value to Operating Cash Flow (EV/OCF)	3.79	4.80	3.41	4.41	6.45	6.03	9.70	9.60	8.71	7.35
Enterprise Value to Free Cash Flow (EV/FCFF)	4.43	8.40	5.19	6.77	9.32	7.73	15.30	13.76	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.32	0.32	0.28	0.28	0.29	0.24	0.26	0.57	0.32	0.32
Long-Term Debt to Equity	0.32	0.32	0.28	0.28	0.29	0.24	0.26	0.57	0.32	0.32
Financial Leverage	0.24	0.16	0.10	0.11	0.08	0.07	0.05	0.05	0.16	0.12
Leverage Ratio	2.52	2.20	2.28	2.18	2.03	1.95	1.89	2.02	2.00	1.93
Compound Leverage Factor	2.47	1.95	2.19	1.96	5.08	1.83	11.97	0.69	1.86	1.13
Debt to Total Capital	24.16%	24.10%	22.06%	21.94%	22.32%	19.57%	20.54%	36.13%	24.42%	24.24%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	24.16%	24.10%	22.06%	21.94%	22.32%	19.57%	20.54%	36.13%	24.42%	24.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	75.84%	75.90%	77.94%	78.06%	77.68%	80.43%	79.46%	63.87%	75.58%	75.76%
Debt to EBITDA	0.48	0.58	0.37	0.40	0.67	0.52	0.85	2.24	1.00	1.13
Net Debt to EBITDA	0.18	0.27	0.06	0.09	0.11	0.02	0.19	0.22	0.71	0.67
Long-Term Debt to EBITDA	0.48	0.58	0.37	0.40	0.67	0.52	0.85	2.24	1.00	1.13
Debt to NOPAT	0.49	1.06	0.57	0.62	1.17	0.89	1.84	5.37	1.89	2.51
Net Debt to NOPAT	0.18	0.49	0.10	0.14	0.19	0.04	0.41	0.52	1.35	1.49
Long-Term Debt to NOPAT	0.49	1.06	0.57	0.62	1.17	0.89	1.84	5.37	1.89	2.51
Altman Z-Score	2.22	1.98	2.59	2.65	2.47	2.85	2.48	2.12	1.63	1.45
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.95	0.97	1.36	1.49	1.34	1.51	1.41	2.43	0.97	1.04
Quick Ratio	0.73	0.75	1.05	1.13	1.08	1.19	1.11	2.14	0.67	0.76
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-115	-71	-176	-344	-75	99	-25	104	-1,792	-1,911
Operating Cash Flow to CapEx	225.96%	125.27%	659.57%	276.92%	305.88%	344.74%	197.73%	303.13%	258.82%	242.35%
Free Cash Flow to Firm to Interest Expense	-8.86	-5.10	-12.60	-24.60	-4.97	7.09	-1.91	6.10	-52.71	-68.26
Operating Cash Flow to Interest Expense	18.08	8.14	22.14	7.71	6.93	9.36	6.69	5.71	6.47	7.36
Operating Cash Flow Less CapEx to Interest Expense	10.08	1.64	18.79	4.93	4.67	6.64	3.31	3.82	3.97	4.32
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.73	0.69	0.89	0.86	0.69	0.70	0.56	0.51	0.55	0.57
Accounts Receivable Turnover	9.14	8.96	12.34	12.40	9.35	9.43	8.31	9.62	9.70	10.47
Inventory Turnover	6.96	8.37	10.38	9.00	7.45	5.97	4.22	4.82	4.19	3.88
Fixed Asset Turnover	1.00	1.01	1.32	1.26	1.01	1.01	0.80	0.78	0.71	0.76
Accounts Payable Turnover	1.47	1.64	2.28	2.29	1.83	1.34	1.11	1.33	1.06	1.02
Days Sales Outstanding (DSO)	39.95	40.72	29.58	29.44	39.06	38.70	43.93	37.96	37.61	34.87
Days Inventory Outstanding (DIO)	52.46	43.63	35.15	40.56	49.02	61.14	86.41	75.79	87.08	94.16
Days Payable Outstanding (DPO)	248.62	222.13	160.24	159.65	199.47	273.29	329.53	275.27	342.93	356.86
Cash Conversion Cycle (CCC)	-156.22	-137.78	-95.50	-89.65	-111.39	-173.44	-199.19	-161.52	-218.24	-227.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,073	2,136	2,185	2,233	2,137	2,236	2,207	2,157	4,299	4,202
Invested Capital Turnover	1.48	1.32	1.84	1.70	1.31	1.28	1.02	0.98	0.95	0.99
Increase / (Decrease) in Invested Capital	550	165	491	450	64	100	22	-76	2,162	1,966
Enterprise Value (EV)	2,955	3,309	2,862	3,381	4,105	3,938	4,170	4,023	4,661	4,486
Market Capitalization	2,736	3,037	2,761	3,250	4,010	3,913	4,048	3,910	3,855	3,812
Book Value per Share	$24.61	$25.37	$29.26	$29.91	$29.73	$32.34	$30.21	$29.94	$51.58	$38.58
Tangible Book Value per Share	$24.61	$25.37	$29.26	$29.91	$29.73	$32.34	$30.21	$29.94	$51.58	$38.58
Total Capital	2,446	2,456	2,684	2,703	2,639	2,759	2,634	3,213	4,632	4,670
Total Debt	591	592	592	593	589	540	541	1,161	1,131	1,132
Total Long-Term Debt	591	592	592	593	589	540	541	1,161	1,131	1,132
Net Debt	219	272	101	131	95	25	122	113	806	674
Capital Expenditures (CapEx)	104	91	47	39	34	38	44	32	85	85
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-406	-337	-222	-163	-244	-183	-158	-185	-266	-328
Debt-free Net Working Capital (DFNWC)	-48	-30	255	285	235	313	245	846	-25	44
Net Working Capital (NWC)	-48	-30	255	285	235	313	245	846	-25	44
Net Nonoperating Expense (NNE)	8.83	11	14	8.62	12	11	7.20	20	25	22
Net Nonoperating Obligations (NNO)	218	272	93	123	87	17	114	105	798	664
Total Depreciation and Amortization (D&A)	50	49	58	56	56	55	53	53	140	142
Debt-free, Cash-free Net Working Capital to Revenue	-15.27%	-12.45%	-6.20%	-4.76%	-8.85%	-6.53%	-7.08%	-8.59%	-8.73%	-10.26%
Debt-free Net Working Capital to Revenue	-1.81%	-1.11%	7.13%	8.33%	8.52%	11.17%	10.98%	39.28%	-0.82%	1.38%
Net Working Capital to Revenue	-1.81%	-1.11%	7.13%	8.33%	8.52%	11.17%	10.98%	39.28%	-0.82%	1.38%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.75	$0.94	$4.22	$1.39	($0.32)	$2.81	($0.14)	$0.12	$3.86	$0.90
Adjusted Weighted Average Basic Shares Outstanding	74.10M	75.50M	71.30M	69.70M	68.70M	69.60M	69M	68.10M	89.40M	79.30M
Adjusted Diluted Earnings per Share	$5.58	$0.99	$4.09	$1.35	($0.32)	$2.66	($0.14)	$0.11	$3.78	$0.87
Adjusted Weighted Average Diluted Shares Outstanding	76.30M	77.60M	73.50M	71.90M	68.70M	72.50M	69M	70M	91.20M	81.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	73.47M	71.49M	70.55M	68.96M	68.62M	69.27M	68.53M	67.88M	91.71M	90.78M
Normalized Net Operating Profit after Tax (NOPAT)	433	94	311	106	-11	182	-7.00	36	370	52
Normalized NOPAT Margin	38.52%	13.83%	30.41%	17.87%	-2.28%	25.02%	-1.54%	7.07%	27.35%	5.97%
Pre Tax Income Margin	51.47%	17.16%	36.72%	22.84%	-6.52%	36.78%	-4.19%	2.14%	35.70%	4.68%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	45.54	9.43	28.00	10.71	-0.80	20.29	-0.23	1.88	15.26	2.50
NOPAT to Interest Expense	33.45	6.69	22.47	7.54	-0.70	14.23	-0.22	1.63	10.88	1.95
EBIT Less CapEx to Interest Expense	37.54	2.93	24.64	7.93	-3.07	17.57	-3.62	0.00	12.76	-0.54
NOPAT Less CapEx to Interest Expense	25.45	0.19	19.11	4.76	-2.97	11.52	-3.60	-0.26	8.38	-1.08
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	4.59%	11.26%	6.60%	8.05%	17.21%	14.36%	32.41%	51.22%	18.64%	30.05%
Augmented Payout Ratio	31.52%	70.99%	36.70%	37.71%	62.75%	39.72%	88.54%	120.12%	44.07%	81.12%

Frequently Asked Questions About California Resources' Financials

When does California Resources's fiscal year end?

According to the most recent income statement we have on file, California Resources' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has California Resources' net income changed over the last 8 years?

California Resources' net income appears to be on a downward trend, with a most recent value of $376 million in 2024, falling from -$3.55 billion in 2015. The previous period was $564 million in 2023. See California Resources' forecast for analyst expectations on what’s next for the company.

What is California Resources's operating income?

California Resources's total operating income in 2024 was $620 million, based on the following breakdown:

Total Gross Profit: $2.88 billion
Total Operating Expenses: $2.26 billion

How has California Resources revenue changed over the last 8 years?

Over the last 8 years, California Resources' total revenue changed from $2.40 billion in 2015 to $3.20 billion in 2024, a change of 33.1%.

How much debt does California Resources have?

California Resources' total liabilities were at $3.60 billion at the end of 2024, a 102.2% increase from 2023, and a 54.9% decrease since 2015.

How much cash does California Resources have?

In the past 9 years, California Resources' cash and equivalents has ranged from $12 million in 2015 to $496 million in 2023, and is currently $372 million as of their latest financial filing in 2024.

How has California Resources' book value per share changed over the last 8 years?

Over the last 8 years, California Resources' book value per share changed from -2.36 in 2015 to 38.58 in 2024, a change of -1,733.5%.

Related Companies

This page (NYSE:CRC) was last updated on 5/4/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

California Resources (CRC) Financials

Frequently Asked Questions About California Resources' Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

California Resources (CRC) Financials

Annual Income Statements for California Resources

Quarterly Income Statements for California Resources

Annual Cash Flow Statements for California Resources

Quarterly Cash Flow Statements for California Resources

Annual Balance Sheets for California Resources

Quarterly Balance Sheets for California Resources

Annual Metrics and Ratios for California Resources

Quarterly Metrics and Ratios for California Resources

Frequently Asked Questions About California Resources' Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools