California Resources (CRC) Financials

$61.64 -8.50 (-12.11%)

Closing price 03:59 PM Eastern

Extended Trading

$61.83 +0.20 (+0.32%)

As of 07:51 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	2014	2015	2016	2017	2018	2019	2021	2022	2023	2024	2025
Period end date	12/31/2014	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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-1,434	-3,554	279	-266	328	-28	612	524	564	376	363
Consolidated Net Income / (Loss)	-1,434	-3,554	279	-262	429	99	625	524	564	376	363
Net Income / (Loss) Continuing Operations	-1,434	-3,554	279	-262	424	99	625	524	564	376	363
Total Pre-Tax Income	-2,421	-5,476	201	-262	429	100	229	761	748	516	502
Total Operating Income	-2,349	-5,142	-293	73	769	429	293	812	808	620	598
Total Gross Profit	4,173	2,403	1,547	2,006	2,717	2,325	1,546	2,205	2,407	2,884	3,370
Total Revenue	4,173	2,403	1,547	2,006	3,064	2,634	1,889	2,707	2,801	3,198	3,669
Operating Revenue	4,178	2,270	1,753	2,096	3,063	2,693	2,565	3,258	2,813	2,957	3,403
Other Revenue	-5.00	133	-206	-90	1.00	-59	-676	-551	-12	241	266
Total Cost of Revenue	0.00	0.00	0.00	0.00	347	309	343	502	394	314	299
Operating Cost of Revenue	-	-	-	-	347	309	343	502	394	314	299
Total Operating Expenses	6,522	7,545	1,840	1,912	1,943	1,896	1,253	1,393	1,599	2,264	2,772
Selling, General & Admin Expense	509	354	235	249	299	290	200	222	267	321	333
Marketing Expense	1,057	951	800	876	912	895	705	785	822	966	1,252
Depreciation Expense	1,198	1,004	559	544	502	471	213	198	225	388	511
Other Operating Expenses / (Income)	217	348	223	242	201	211	224	245	314	586	616
Impairment Charge	3,402	4,852	-	-	0.00	0.00	28	2.00	3.00	14	59
Other Special Charges / (Income)	-	0.00	-	-21	-5.00	0.00	-124	-59	-32	-11	1.00
Total Other Income / (Expense), net	-72	-334	494	-356	-345	-329	-64	-51	-60	-104	-96
Interest Expense	72	326	328	343	322	257	56	53	57	92	107
Interest & Investment Income	-	-	-	-	-	-	0.00	-1.00	-9.00	-10	-4.00
Other Income / (Expense), net	0.00	-8.00	822	-13	-23	-72	-8.00	3.00	6.00	-2.00	15
Income Tax Expense	-987	-1,922	-78	0.00	0.00	1.00	-396	237	184	140	139
Basic Earnings per Share	($37.54)	($92.79)	$6.76	($6.26)	$6.77	($0.57)	$7.46	$6.94	$8.10	$4.74	$4.17
Weighted Average Basic Shares Outstanding	382.40M	38.30M	41.30M	42.50M	48.40M	49M	82M	75.50M	69.60M	79.30M	87M
Diluted Earnings per Share	($37.54)	($92.79)	$6.76	($6.26)	$6.77	($0.57)	$7.37	$6.75	$7.78	$4.62	$4.15
Weighted Average Diluted Shares Outstanding	382.40M	38.30M	41.30M	42.50M	48.40M	49M	83M	77.60M	72.50M	81.40M	87.40M
Weighted Average Basic & Diluted Shares Outstanding	382.40M	38.30M	41.30M	42.50M	48.40M	49.18M	78.74M	71.49M	69.27M	90.78M	88.60M
Cash Dividends to Common per Share	$0.00	$0.30	-	-	-	-	$0.17	$0.79	$1.16	$1.40	$1.57

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	97	-22	188	-10	8.00	345	33	115	172	64	12
Consolidated Net Income / (Loss)	97	-22	188	-10	8.00	345	33	115	172	64	12
Net Income / (Loss) Continuing Operations	97	-22	188	-10	8.00	345	33	115	172	64	12
Total Pre-Tax Income	135	-30	267	-19	11	483	41	162	242	75	23
Total Operating Income	147	-15	283	-4.00	38	518	68	186	267	98	47
Total Gross Profit	535	390	648	372	440	1,278	794	832	912	781	845
Total Revenue	591	460	726	454	514	1,353	877	912	978	855	924
Operating Revenue	560	664	607	525	509	997	926	906	821	878	798
Other Revenue	31	-204	119	-71	5.00	356	-49	6.00	157	-23	126
Total Cost of Revenue	56	70	78	82	74	75	83	80	66	74	79
Operating Cost of Revenue	56	70	78	82	74	75	83	80	66	74	79
Total Operating Expenses	388	405	365	376	402	760	726	646	645	683	798
Selling, General & Admin Expense	71	65	66	57	63	106	95	72	79	87	95
Marketing Expense	186	196	186	176	156	311	323	316	295	316	325
Depreciation Expense	56	56	55	53	53	140	142	131	128	123	129
Other Operating Expenses / (Income)	74	88	85	96	118	203	171	127	143	154	192
Total Other Income / (Expense), net	-12	-15	-16	-15	-27	-35	-27	-24	-25	-23	-24
Interest Expense	14	15	14	13	17	34	28	28	25	25	29
Interest & Investment Income	-1.00	-3.00	-3.00	-3.00	-4.00	-2.00	-1.00	-1.00	0.00	-2.00	-1.00
Other Income / (Expense), net	3.00	3.00	1.00	1.00	-6.00	1.00	2.00	5.00	0.00	4.00	6.00
Income Tax Expense	38	-8.00	79	-9.00	3.00	138	8.00	47	70	11	11
Basic Earnings per Share	$1.39	($0.32)	$2.81	($0.14)	$0.12	$3.86	$0.90	$1.27	$1.93	$0.76	$0.21
Weighted Average Basic Shares Outstanding	69.70M	68.70M	69.60M	69M	68.10M	89.40M	79.30M	90.60M	89M	83.70M	87M
Diluted Earnings per Share	$1.35	($0.32)	$2.66	($0.14)	$0.11	$3.78	$0.87	$1.26	$1.92	$0.76	$0.21
Weighted Average Diluted Shares Outstanding	71.90M	68.70M	72.50M	69M	70M	91.20M	81.40M	91.20M	89.40M	84.40M	87.40M
Weighted Average Basic & Diluted Shares Outstanding	68.96M	68.62M	69.27M	68.53M	67.88M	91.71M	90.78M	89.18M	83.68M	83.71M	88.60M

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	2014	2015	2016	2017	2018	2019	2021	2022	2023	2024	2025
Period end date	12/31/2014	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	12/31/2025
Net Change in Cash & Equivalents	14	-2.00	0.00	8.00	-3.00	0.00	277	2.00	189	-124	-240
Net Cash From Operating Activities	2,371	403	130	248	461	676	660	690	653	610	865
Net Cash From Continuing Operating Activities	2,371	403	130	248	461	676	660	690	653	610	865
Net Income / (Loss) Continuing Operations	-1,434	-3,554	279	-262	429	99	625	524	564	376	363
Consolidated Net Income / (Loss)	-1,434	-3,554	279	-262	429	99	625	524	564	376	363
Depreciation Expense	1,198	1,004	559	544	502	471	213	198	225	388	511
Non-Cash Adjustments To Reconcile Net Income	3,619	5,309	-448	137	-178	182	325	-201	-177	-128	47
Changes in Operating Assets and Liabilities, net	-1,012	-2,353	-189	-97	-216	-6.00	-503	169	41	-26	-56
Net Cash From Investing Activities	-2,312	-757	-61	-313	-1,156	-394	-161	-317	-175	-1,077	-725
Net Cash From Continuing Investing Activities	-2,312	-757	-61	-313	-1,156	-394	-161	-317	-175	-1,077	-725
Purchase of Property, Plant & Equipment	-2,089	-401	-75	-371	-690	-455	-194	-396	-190	-261	-322
Acquisitions	-292	-151	0.00	0.00	-547	-6.00	-52	0.00	0.00	-853	-440
Sale of Property, Plant & Equipment	0.00	0.00	20	33	18	164	67	80	32	15	8.00
Other Investing Activities, net	69	-205	-6.00	25	63	-97	18	-13	-17	22	29
Net Cash From Financing Activities	-45	352	-69	73	692	-282	-222	-371	-289	343	-380
Net Cash From Continuing Financing Activities	-45	352	-69	73	692	-282	-222	-371	-289	343	-380
Repayment of Debt	-225	-1,679	-2,291	-2,988	-2,849	-2,511	-628	0.00	-64	-351	-468
Repurchase of Common Equity	-	-	-	-	-	0.00	-148	-313	-143	-192	-377
Payment of Dividends	-335	-12	0.00	-8.00	-121	-151	-64	-59	-81	-113	-136
Issuance of Debt	6,515	2,035	2,218	2,970	2,823	2,330	616	0.00	0.00	918	613
Issuance of Common Equity	0.00	8.00	4.00	101	850	53	2.00	1.00	2.00	2.00	3.00
Other Financing Activities, net	-6,000	0.00	0.00	-2.00	-11	-3.00	0.00	0.00	-3.00	79	-15

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	-29	31	17	-93	628	-790	131	-158	-142	124	-64
Net Cash From Operating Activities	108	104	131	87	97	220	206	186	165	279	235
Net Cash From Continuing Operating Activities	108	104	131	87	97	220	206	186	165	279	235
Net Income / (Loss) Continuing Operations	97	-22	188	-10	8.00	345	33	115	172	64	12
Consolidated Net Income / (Loss)	97	-22	188	-10	8.00	345	33	115	172	64	12
Depreciation Expense	56	56	55	53	53	140	142	131	128	123	129
Non-Cash Adjustments To Reconcile Net Income	-64	135	-158	58	44	-326	96	-29	-85	100	61
Changes in Operating Assets and Liabilities, net	19	-65	46	-14	-8.00	61	-65	-31	-50	-8.00	33
Net Cash From Investing Activities	-44	-28	-42	-49	-33	-928	-67	-79	-51	-87	-508
Net Cash From Continuing Investing Activities	-44	-28	-42	-49	-33	-928	-67	-79	-51	-87	-508
Purchase of Property, Plant & Equipment	-39	-34	-70	-54	-34	-85	-88	-55	-56	-91	-120
Acquisitions	-	1.00	-	-	-	-847	-	-	-	-	-440
Sale of Property, Plant & Equipment	-	-	32	10	2.00	-	3.00	0.00	1.00	1.00	6.00
Other Investing Activities, net	-4.00	5.00	-4.00	-5.00	5.00	4.00	18	-24	4.00	3.00	46
Net Cash From Financing Activities	-93	-45	-72	-131	564	-82	-8.00	-265	-256	-68	209
Net Cash From Continuing Financing Activities	-93	-45	-72	-131	564	-82	-8.00	-265	-256	-68	209
Repayment of Debt	-	-5.00	-51	0.00	-	-340	-8.00	-123	-	-151	-194
Repurchase of Common Equity	-64	-20	-	-58	-35	-42	-57	-101	-217	-34	-25
Payment of Dividends	-20	-19	-22	-21	-22	-34	-36	-35	-35	-32	-34
Issuance of Debt	-	-	-	-	-	298	-	-	-	150	463
Issuance of Common Equity	-	-	1.00	1.00	2.00	-1.00	-	6.00	-4.00	-	1.00
Other Financing Activities, net	-1.00	-1.00	-	-53	2.00	37	93	-12	-	-1.00	-2.00

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	2025
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	12/31/2025
Total Assets	7,053	6,354	6,207	7,158	6,958	3,074	3,846	3,967	3,998	7,135	7,403
Total Current Assets	438	425	483	640	491	329	753	864	929	1,024	938
Cash & Equivalents	12	12	20	17	17	28	305	307	496	372	132
Accounts Receivable	200	232	277	299	277	177	245	359	235	376	347
Inventories, net	58	58	56	69	67	61	60	60	72	90	106
Other Current Assets	168	123	130	255	130	63	121	133	113	176	353
Other Current Nonoperating Assets	-	-	-	-	-	0.00	22	5.00	13	10	0.00
Plant, Property, & Equipment, net	6,312	5,885	5,696	6,455	6,352	2,655	2,599	2,786	2,770	5,680	5,905
Plant, Property & Equipment, gross	20,996	20,915	21,260	22,523	22,889	2,689	2,845	3,228	3,437	6,738	7,523
Accumulated Depreciation	14,684	15,030	15,564	16,068	16,537	34	246	442	667	1,058	1,618
Total Noncurrent Assets	303	44	28	63	115	90	494	317	299	431	560
Long-Term Investments	-	-	-	-	-	-	0.00	13	19	86	111
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	0.00	396	164	132	73	76
Other Noncurrent Operating Assets	303	44	28	63	115	90	98	140	148	272	373
Total Liabilities & Shareholders' Equity	7,053	6,354	6,207	7,158	6,958	3,074	3,846	3,967	3,998	7,135	7,403
Total Liabilities	7,969	6,911	6,927	6,649	6,452	1,892	2,158	2,103	1,779	3,597	3,729
Total Current Liabilities	605	726	732	607	709	473	854	894	616	980	1,050
Accounts Payable	257	219	257	390	296	212	266	345	245	369	452
Accrued Expenses	222	407	475	217	313	211	297	298	366	611	598
Total Noncurrent Liabilities	7,364	6,185	6,195	6,042	5,743	1,419	1,304	1,209	1,163	2,617	2,679
Long-Term Debt	6,043	5,168	5,306	5,251	5,023	597	589	592	540	1,132	1,283
Asset Retirement Reserve & Litigation Obligation	-	-	-	-	-	547	438	432	422	995	913
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	0.00	113	154
Other Noncurrent Operating Liabilities	1,321	1,017	889	791	720	275	277	185	201	377	329
Total Equity & Noncontrolling Interests	-916	-557	-720	-247	-296	1,182	1,688	1,864	2,219	3,538	3,674
Total Preferred & Common Equity	-916	-557	-814	-361	-389	1,138	1,688	1,864	2,219	3,538	3,674
Preferred Stock	0.00	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	3,674
Common Stock	4,782	4,861	4,879	4,987	5,004	1,269	1,289	1,306	1,330	2,579	2,626
Retained Earnings	-5,683	-5,404	-5,670	-5,342	-5,370	-123	475	938	1,419	1,680	1,905
Treasury Stock	-	-	-	-	-	0.00	-148	-461	-604	-796	-944
Accumulated Other Comprehensive Income / (Loss)	-15	-14	-23	-6.00	-23	-8.00	72	81	74	75	87

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	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	3,986	4,000	3,900	3,952	3,910	4,490	7,128	6,827	6,712	6,751
Total Current Assets	884	972	867	929	839	1,439	872	799	728	812
Cash & Equivalents	358	477	448	479	403	1,031	241	214	72	196
Accounts Receivable	321	279	212	269	258	236	359	351	328	312
Inventories, net	59	64	69	71	70	56	75	91	93	94
Other Current Assets	143	139	125	97	95	103	184	133	227	203
Other Current Nonoperating Assets	3.00	13	13	13	13	13	13	10	8.00	7.00
Plant, Property, & Equipment, net	2,734	2,764	2,745	2,722	2,793	2,773	5,836	5,618	5,560	5,530
Plant, Property & Equipment, gross	3,126	3,266	3,303	3,336	3,514	3,548	6,752	6,808	6,874	6,966
Accumulated Depreciation	392	502	558	614	721	775	916	1,190	1,314	1,436
Total Noncurrent Assets	368	264	288	301	278	278	420	410	424	409
Long-Term Investments	14	14	14	15	16	17	84	82	93	102
Noncurrent Deferred & Refundable Income Taxes	230	117	108	150	139	139	50	60	33	27
Other Noncurrent Operating Assets	124	133	166	136	123	122	286	268	298	280
Total Liabilities & Shareholders' Equity	3,986	4,000	3,900	3,952	3,910	4,490	7,128	6,827	6,712	6,751
Total Liabilities	2,131	1,908	1,790	1,902	1,817	2,438	3,627	3,311	3,305	3,308
Total Current Liabilities	932	717	582	694	594	593	897	961	928	917
Short-Term Debt	-	-	-	-	-	-	-	122	122	122
Accounts Payable	305	260	206	224	251	248	351	340	329	316
Accrued Expenses	371	298	299	362	338	340	541	499	477	479
Total Noncurrent Liabilities	1,199	1,191	1,208	1,208	1,223	1,845	2,730	2,350	2,377	2,391
Long-Term Debt	591	592	593	589	541	1,161	1,131	888	888	889
Asset Retirement Reserve & Litigation Obligation	397	424	411	388	429	436	1,083	989	969	965
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	124	134	185	212
Other Noncurrent Operating Liabilities	211	175	204	231	253	248	392	339	335	325
Total Equity & Noncontrolling Interests	1,855	2,092	2,110	2,050	2,093	2,052	3,501	3,516	3,407	3,443
Total Preferred & Common Equity	1,855	2,092	2,110	2,050	2,093	2,052	3,501	3,516	3,407	3,443
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	1,855	2,092	2,110	2,050	2,093	2,052	3,501	3,516	3,407	3,443
Common Stock	1,302	1,312	1,318	1,325	1,296	1,303	2,480	2,581	2,360	2,366
Retained Earnings	876	1,219	1,295	1,253	1,387	1,374	1,683	1,759	1,897	1,927
Treasury Stock	-395	-520	-584	-604	-662	-697	-739	-897	-922	-922
Accumulated Other Comprehensive Income / (Loss)	72	81	81	76	72	72	77	73	72	72

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

Metric	2014	2015	2016	2017	2018	2019	2021	2022	2023	2024	2025
Period end date	12/31/2014	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	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	83,711,931.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	83,711,931.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	4.34
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	-1,644	-3,599	-407	51	769	425	800	559	609	452	432
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	22.77%	22.08%	9.67%	8.72%
Earnings before Interest and Taxes (EBIT)	-2,349	-5,150	529	60	746	357	285	815	814	618	613
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-1,151	-4,149	1,017	530	1,172	758	498	1,013	1,039	1,006	1,124
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-612	143	109	184	-408	556	0.00	394	509	-1,514	-80
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,957	5,215	4,699	4,566	5,743	5,612	1,971	2,136	2,236	4,202	4,714
Increase / (Decrease) in Invested Capital	-1,032	-3,742	-516	-133	1,177	-131	0.00	165	100	1,966	512
Book Value per Share	$2,611,000.00	($2.36)	($13.51)	($18.99)	($7.43)	($7.92)	$21.00	$25.37	$32.34	$38.58	$43.89
Tangible Book Value per Share	$2,611,000.00	($2.36)	($13.51)	($18.99)	($7.43)	($7.92)	$21.00	$25.37	$32.34	$38.58	$43.89
Total Capital	8,971	5,227	4,711	4,586	5,760	5,629	2,277	2,456	2,759	4,670	4,957
Total Debt	6,360	6,143	5,268	5,306	5,251	5,123	589	592	540	1,132	1,283
Total Long-Term Debt	6,360	6,043	5,168	5,306	5,251	5,023	589	592	540	1,132	1,283
Net Debt	6,346	6,131	5,256	5,286	5,234	5,106	284	272	25	674	1,040
Capital Expenditures (CapEx)	2,089	401	55	338	672	291	127	316	158	246	314
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-235	-79	-213	-269	16	-135	-406	-337	-183	-328	-244
Debt-free Net Working Capital (DFNWC)	-221	-67	-201	-249	33	-118	-101	-30	313	44	-112
Net Working Capital (NWC)	-221	-167	-301	-249	33	-218	-101	-30	313	44	-112
Net Nonoperating Expense (NNE)	-210	-45	-686	313	340	326	175	35	45	76	69
Net Nonoperating Obligations (NNO)	6,346	6,131	5,256	5,286	5,234	5,106	283	272	17	664	1,040
Total Depreciation and Amortization (D&A)	1,198	1,001	488	470	426	401	213	198	225	388	511
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($3.75)	($9.27)	$6.76	($6.26)	$6.77	($0.57)	$7.46	$6.94	$8.10	$4.74	$4.17
Adjusted Weighted Average Basic Shares Outstanding	385.64M	388.18M	42.54M	42.90M	48.65M	49.18M	82M	75.50M	69.60M	79.30M	87M
Adjusted Diluted Earnings per Share	($3.75)	($9.27)	$6.76	($6.26)	$6.77	($0.57)	$7.37	$6.75	$7.78	$4.62	$4.15
Adjusted Weighted Average Diluted Shares Outstanding	385.64M	388.18M	42.54M	42.90M	48.65M	49.18M	83M	77.60M	72.50M	81.40M	87.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	($6.26)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	385.64M	388.18M	42.54M	42.90M	48.65M	49.18M	78.74M	71.49M	69.27M	90.78M	88.60M
Normalized Net Operating Profit after Tax (NOPAT)	737	-203	-205	36	535	425	138	520	587	454	476
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

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

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	83,711,931.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	83,711,931.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.14
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	106	-11	199	-2.80	28	370	55	132	190	84	25
Return On Investment Capital (ROIC_SIMPLE)	-	-	7.22%	-	-	-	1.17%	2.92%	4.30%	1.88%	0.49%
Earnings before Interest and Taxes (EBIT)	150	-12	284	-3.00	32	519	70	191	267	102	53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	206	44	339	50	85	659	212	322	395	225	182
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-344	-75	99	-25	104	-1,792	-1,911	-1,881	-1,897	234	-487
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,233	2,137	2,236	2,207	2,157	4,299	4,202	4,220	4,244	4,149	4,714
Increase / (Decrease) in Invested Capital	450	64	100	22	-76	2,162	1,966	2,013	2,087	-150	512
Book Value per Share	$29.91	$29.73	$32.34	$30.21	$29.94	$51.58	$38.58	$38.73	$38.21	$41.14	$43.89
Tangible Book Value per Share	$29.91	$29.73	$32.34	$30.21	$29.94	$51.58	$38.58	$38.73	$38.21	$41.14	$43.89
Total Capital	2,703	2,639	2,759	2,634	3,213	4,632	4,670	4,526	4,417	4,454	4,957
Total Debt	593	589	540	541	1,161	1,131	1,132	1,010	1,010	1,011	1,283
Total Long-Term Debt	593	589	540	541	1,161	1,131	1,132	888	888	889	1,283
Net Debt	131	95	25	122	113	806	674	714	845	713	1,040
Capital Expenditures (CapEx)	39	34	38	44	32	85	85	55	55	90	114
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-163	-244	-183	-158	-185	-266	-328	-254	-150	-179	-244
Debt-free Net Working Capital (DFNWC)	285	235	313	245	846	-25	44	-40	-78	17	-112
Net Working Capital (NWC)	285	235	313	245	846	-25	44	-162	-200	-105	-112
Net Nonoperating Expense (NNE)	8.62	12	11	7.20	20	25	22	17	18	20	13
Net Nonoperating Obligations (NNO)	123	87	17	114	105	798	664	704	837	706	1,040
Total Depreciation and Amortization (D&A)	56	56	55	53	53	140	142	131	128	123	129
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.39	($0.32)	$2.81	($0.14)	$0.12	$3.86	$0.90	$1.27	$1.93	$0.76	$0.21
Adjusted Weighted Average Basic Shares Outstanding	69.70M	68.70M	69.60M	69M	68.10M	89.40M	79.30M	90.60M	89M	83.70M	87M
Adjusted Diluted Earnings per Share	$1.35	($0.32)	$2.66	($0.14)	$0.11	$3.78	$0.87	$1.26	$1.92	$0.76	$0.21
Adjusted Weighted Average Diluted Shares Outstanding	71.90M	68.70M	72.50M	69M	70M	91.20M	81.40M	91.20M	89.40M	84.40M	87.40M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	68.96M	68.62M	69.27M	68.53M	67.88M	91.71M	90.78M	89.18M	83.68M	83.71M	88.60M
Normalized Net Operating Profit after Tax (NOPAT)	106	-11	182	-7.00	36	370	52	132	190	86	25
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

Financials Breakdown Chart

Key Financial Trends

California Resources Corp (NYSE: CRC) has shown some positive top-line and cash-flow signals in 2025, but also faces liquidity and leverage challenges tied to heavy investing and commodity-price volatility. Below are the notable trends drawn from the last four years of quarterly statements, focused on the data you provided.

StrongQ4 2025 revenue: Total revenue reached 924,000,000 in Q4 2025, up from 877,000,000 in Q4 2024 and generally higher across 2025 quarters, indicating an improving top line.
Robust operating cash flow in 2025: Net cash from continuing operating activities was 235,000,000 in Q4 2025 (and 279,000,000 in Q3 2025), showing durable cash generation from core operations.
Debt financing access: Issuance of 463,000,000 of debt in Q4 2025, with net cash from financing activities of 209,000,000, signaling ongoing access to capital to fund activity.
Early-2025 earnings strength: Q1 2025 reported Basic EPS of 1.27 and net income from continuing operations of 115,000,000, suggesting solid period-level profitability.
Balanced equity base: Total Common Equity around 3.443B and total equity near 3.445B as of Q4 2025, providing a meaningful equity cushion on the balance sheet.
Earnings volatility across quarters: Net income and EPS have fluctuated quarter to quarter (for example, EPS of 1.27 in Q1 2025 versus 0.21 in Q4 2025), reflecting commodity-price and cost sensitivity.
Near-term liquidity signals: In mid-2025, current assets were about 812,000,000 and current liabilities about 917,000,000 (Q3 2025), indicating tighter near-term liquidity risk.
Large capex and acquisitions impacting cash flow: Substantial investing activity in 2025 contributed to negative free cash flow, with net cash from continuing investing activities around -508,000,000 in Q4 2025.
Cash balance pressured by investing activities: Net Change in Cash & Equivalents was -64,000,000 in Q4 2025, signaling a quarter-on-quarter decline in cash despite positive operating cash flow.
Leverage risk on the balance sheet: Total liabilities around 3.31B vs. Total equity around 3.44B in Q4 2025 indicates meaningful leverage, which could tighten if commodity markets weaken or if investing remains aggressive.

05/06/26 11:31 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About California Resources' Financials

When does California Resources' fiscal year end?

According to the most recent income statement we have on file, California Resources' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has California Resources' net income changed over the last 10 years?

California Resources' net income appears to be on a downward trend, with a most recent value of $363 million in 2025, falling from -$1.43 billion in 2014. The previous period was $376 million in 2024. View California Resources' forecast to see where analysts expect California Resources to go next.

What is California Resources' operating income?

California Resources' total operating income in 2025 was $598 million, based on the following breakdown:

Total Gross Profit: $3.37 billion
Total Operating Expenses: $2.77 billion

How has California Resources' revenue changed over the last 10 years?

Over the last 10 years, California Resources' total revenue changed from $4.17 billion in 2014 to $3.67 billion in 2025, a change of -12.1%.

How much debt does California Resources have?

California Resources' total liabilities were at $3.73 billion at the end of 2025, a 3.7% increase from 2024, and a 53.2% decrease since 2015.

How much cash does California Resources have?

In the past 10 years, California Resources' cash and equivalents has ranged from $12 million in 2015 to $496 million in 2023, and is currently $132 million as of their latest financial filing in 2025.

How has California Resources' book value per share changed over the last 10 years?

Over the last 10 years, California Resources' book value per share changed from 2,611,000.00 in 2014 to 43.89 in 2025, a change of -100.0%.

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Financial statements for NYSE:CRC last updated on 3/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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California Resources (CRC) Financials

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California Resources (CRC) Financials

Annual Income Statements for California Resources

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