NYSE : CRC
California Resources Corporation — Financial statements
Energy · Oil & Gas Exploration & Production · United States
Last price 55.46 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.93B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
California Resources Corporation (CRC) reported revenue of 3.73B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 3.71B | 3.38B | 2.93B | 2.77B | 3.23B | 2.53B |
| Other Revenue | 25.00M | 22.00M | 26.00M | 40.00M | ||
| Revenue | 3.73B | 3.40B | 2.96B | 2.81B | 3.23B | 2.53B |
| Cost of Revenue | 1.61B | 1.55B | 1.29B | 1.22B | 1.30B | 1.05B |
| Gross Profit | 2.12B | 1.85B | 1.66B | 1.60B | 1.93B | 1.48B |
| Selling, General & Admin | 372.00M | 320.00M | 312.00M | 258.00M | 218.00M | 202.00M |
| Other Operating Expenses | 1.12B | 272.00M | 244.00M | 325.00M | 782.00M | 543.00M |
| Operating Expenses | 2.09B | 1.16B | 946.00M | 809.00M | 1.20B | 965.00M |
| Operating Income | 27.00M | 690.00M | 718.00M | 788.00M | 736.00M | 519.00M |
| Interest Expense | -111.00M | -106.00M | -87.00M | -56.00M | -53.00M | -54.00M |
| Interest & Investment Income | 23.00M | |||||
| Earnings From Equity Investments | -7.00M | -4.00M | -10.00M | -9.00M | -1.00M | |
| Other Non Operating Income (Expenses) | 7.00M | 4.00M | -5.00M | -3.00M | -1.00M | 33.00M |
| EBT Excluding Unusual Items | -84.00M | 584.00M | 616.00M | 720.00M | 704.00M | 498.00M |
| Merger & Restructuring Charges | -65.00M | -50.00M | -87.00M | |||
| Gain (Loss) on Sale of Assets | -1.00M | -1.00M | 11.00M | 32.00M | 59.00M | 124.00M |
| Asset Writedown | -2.00M | -2.00M | -1.00M | -3.00M | -2.00M | -28.00M |
| Legal Settlements | -1.00M | -26.00M | -12.00M | |||
| Other Unusual Items | -51.00M | -3.00M | -11.00M | -1.00M | -365.00M | |
| Pretax Income | -204.00M | 502.00M | 516.00M | 748.00M | 761.00M | 229.00M |
| Income Tax Expense | -83.00M | 139.00M | 140.00M | 184.00M | 237.00M | -396.00M |
| Earnings From Continuing Operations | -121.00M | 363.00M | 376.00M | 564.00M | 524.00M | 625.00M |
| Minority Interest in Earnings | -13.00M | |||||
| Net Income | -121.00M | 363.00M | 376.00M | 564.00M | 524.00M | 612.00M |
| Net Income to Common | -121.00M | 363.00M | 376.00M | 564.00M | 524.00M | 612.00M |
| Shares Outstanding (Basic) | 86.45M | 87.00M | 79.30M | 69.60M | 75.50M | 82.00M |
| Shares Outstanding (Diluted) | 86.45M | 87.40M | 81.40M | 72.50M | 77.60M | 83.00M |
| EPS (Basic) | -1.40 | 4.17 | 4.74 | 8.10 | 6.94 | 7.46 |
| EPS (Diluted) | -1.40 | 4.15 | 4.62 | 7.78 | 6.75 | 7.37 |
| Free Cash Flow | 385.00M | 543.00M | 355.00M | 468.00M | 311.00M | 466.00M |
| Free Cash Flow Per Share | 4.45 | 6.21 | 4.36 | 6.46 | 4.01 | 5.61 |
| Dividend Per Share | 1.60 | 1.57 | 1.40 | 1.16 | 0.79 | 0.17 |
| Gross Margin | 56.76% | 54.42% | 56.27% | 56.77% | 59.78% | 58.61% |
| Operating Margin | 0.72% | 20.28% | 24.28% | 28.01% | 22.75% | 20.50% |
| Profit Margin | -3.24% | 10.67% | 12.72% | 20.05% | 16.20% | 24.17% |
| Free Cash Flow Margin | 10.31% | 15.96% | 12.01% | 16.64% | 9.61% | 18.40% |
| EBITDA | 543.00M | 1.20B | 1.11B | 1.01B | 934.00M | 732.00M |
| EBITDA Margin | 14.54% | 35.29% | 37.40% | 36.01% | 28.87% | 28.91% |
| D&A For EBITDA | 516.00M | 511.00M | 388.00M | 225.00M | 198.00M | 213.00M |
| EBIT | 27.00M | 690.00M | 718.00M | 788.00M | 736.00M | 519.00M |
| EBIT Margin | 0.72% | 20.28% | 24.28% | 28.01% | 22.75% | 20.50% |
| Effective Tax Rate | 27.69% | 27.13% | 24.60% | 31.14% | ||
| Revenue as Reported | 3.19B | 3.67B | 3.20B | 2.80B | 2.71B | 1.89B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 56.00M | 132.00M | 372.00M | 496.00M | 307.00M | 305.00M |
| Cash & Short-Term Investments | 56.00M | 132.00M | 372.00M | 496.00M | 307.00M | 305.00M |
| Accounts Receivable | 342.00M | 333.00M | 330.00M | 216.00M | 326.00M | 245.00M |
| Other Receivables | 126.00M | 122.00M | 137.00M | 62.00M | 82.00M | 47.00M |
| Receivables | 468.00M | 455.00M | 467.00M | 278.00M | 408.00M | 292.00M |
| Inventory | 111.00M | 106.00M | 90.00M | 72.00M | 60.00M | 60.00M |
| Prepaid Expenses | 40.00M | 38.00M | 28.00M | 19.00M | 17.00M | 47.00M |
| Other Current Assets | 22.00M | 207.00M | 67.00M | 64.00M | 72.00M | 49.00M |
| Total Current Assets | 697.00M | 938.00M | 1.02B | 929.00M | 864.00M | 753.00M |
| Property, Plant & Equipment | 6.00B | 5.99B | 5.79B | 2.84B | 2.86B | 2.64B |
| Long-Term Investments | 98.00M | 111.00M | 86.00M | 19.00M | 13.00M | |
| Long-Term Deferred Tax Assets | 100.00M | 76.00M | 73.00M | 132.00M | 164.00M | 396.00M |
| Long-Term Deferred Charges | 17.00M | 20.00M | 23.00M | 11.00M | 6.00M | 11.00M |
| Other Long-Term Assets | 196.00M | 270.00M | 144.00M | 64.00M | 61.00M | 44.00M |
| Total Assets | 7.10B | 7.40B | 7.13B | 4.00B | 3.97B | 3.85B |
| Accounts Payable | 389.00M | 452.00M | 369.00M | 245.00M | 345.00M | 266.00M |
| Accrued Expenses | 326.00M | 352.00M | 342.00M | 205.00M | 129.00M | 153.00M |
| Current Portion of Leases | 13.00M | 16.00M | 16.00M | 15.00M | 18.00M | 11.00M |
| Current Income Taxes Payable | 18.00M | 1.00M | ||||
| Other Current Liabilities | 327.00M | 230.00M | 253.00M | 133.00M | 401.00M | 424.00M |
| Total Current Liabilities | 1.05B | 1.05B | 980.00M | 616.00M | 894.00M | 854.00M |
| Long-Term Debt | 1.28B | 1.28B | 1.13B | 540.00M | 592.00M | 589.00M |
| Long-Term Leases | 53.00M | 62.00M | 78.00M | 55.00M | 52.00M | 37.00M |
| Pension & Post-Retirement Benefits | 53.00M | 57.00M | 59.00M | 36.00M | 33.00M | 59.00M |
| Long-Term Deferred Tax Liabilities | 73.00M | 154.00M | 113.00M | |||
| Other Long-Term Liabilities | 1.19B | 1.12B | 1.24B | 532.00M | 532.00M | 619.00M |
| Total Liabilities | 3.70B | 3.73B | 3.60B | 1.78B | 2.10B | 2.16B |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Additional Paid-In Capital | 2.64B | 2.62B | 2.58B | 1.33B | 1.30B | 1.29B |
| Retained Earnings | 1.63B | 1.91B | 1.68B | 1.42B | 938.00M | 475.00M |
| Treasury Stock | -954.00M | -944.00M | -796.00M | -604.00M | -461.00M | -148.00M |
| Comprehensive Income & Other | 85.00M | 87.00M | 75.00M | 74.00M | 81.00M | 72.00M |
| Total Common Equity | 3.40B | 3.67B | 3.54B | 2.22B | 1.86B | 1.69B |
| Shareholders' Equity | 3.40B | 3.67B | 3.54B | 2.22B | 1.86B | 1.69B |
| Total Liabilities & Equity | 7.10B | 7.40B | 7.13B | 4.00B | 3.97B | 3.85B |
| Total Debt | 1.35B | 1.36B | 1.23B | 610.00M | 662.00M | 637.00M |
| Net Cash (Debt) | -1.29B | -1.23B | -854.00M | -114.00M | -355.00M | -332.00M |
| Net Cash Per Share | -14.93 | -14.06 | -10.49 | -1.57 | -4.57 | -4.00 |
| Filing Date Shares Outstanding | 88.82M | 88.60M | 90.78M | 69.27M | 71.49M | 78.74M |
| Total Common Shares Outstanding | 88.82M | 88.75M | 91.10M | 68.69M | 71.95M | 79.30M |
| Working Capital | -358.00M | -112.00M | 44.00M | 313.00M | -30.00M | -101.00M |
| Book Value Per Share | 38.30 | 41.40 | 38.84 | 32.30 | 25.91 | 21.29 |
| Tangible Book Value | 3.40B | 3.67B | 3.54B | 2.22B | 1.86B | 1.69B |
| Tangible Book Value Per Share | 38.30 | 41.40 | 38.84 | 32.30 | 25.91 | 21.29 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -121.00M | 363.00M | 376.00M | 564.00M | 524.00M | 612.00M |
| Depreciation & Amortization | 516.00M | 511.00M | 388.00M | 225.00M | 198.00M | 213.00M |
| Loss (Gain) From Sale of Assets | 1.00M | 1.00M | -11.00M | -32.00M | -59.00M | -124.00M |
| Asset Writedown & Restructuring Costs | 59.00M | 59.00M | 3.00M | 2.00M | 28.00M | |
| Other Operating Activities | 625.00M | 72.00M | -46.00M | -113.00M | 82.00M | 38.00M |
| Change in Accounts Receivable | 83.00M | 83.00M | 58.00M | 110.00M | -81.00M | -68.00M |
| Change in Inventory | -6.00M | -6.00M | -1.00M | -12.00M | ||
| Change in Accounts Payable | -220.00M | -220.00M | -182.00M | -92.00M | -11.00M | 8.00M |
| Change in Other Net Operating Assets | -61.00M | 2.00M | 28.00M | 35.00M | -47.00M | |
| Operating Cash Flow | 876.00M | 865.00M | 610.00M | 653.00M | 690.00M | 660.00M |
| Capital Expenditures | -491.00M | -322.00M | -255.00M | -185.00M | -379.00M | -194.00M |
| Sale of Property, Plant & Equipment | 7.00M | 8.00M | 15.00M | 32.00M | 80.00M | 67.00M |
| Cash Acquisitions | -442.00M | -440.00M | -859.00M | -5.00M | -17.00M | -52.00M |
| Other Investing Activities | 32.00M | 29.00M | 22.00M | -17.00M | -1.00M | 18.00M |
| Investing Cash Flow | -884.00M | -725.00M | -1.08B | -175.00M | -317.00M | -161.00M |
| Short-Term Debt Issued | 220.00M | 30.00M | ||||
| Long-Term Debt Issued | 393.00M | 888.00M | 616.00M | |||
| Total Debt Issued | 2.25B | 613.00M | 918.00M | 616.00M | ||
| Short-Term Debt Repaid | -220.00M | -30.00M | ||||
| Long-Term Debt Repaid | -245.00M | -303.00M | -56.00M | -615.00M | ||
| Total Debt Repaid | -2.03B | -465.00M | -333.00M | -56.00M | -615.00M | |
| Net Debt Issued (Repaid) | 221.00M | 148.00M | 585.00M | -56.00M | 1.00M | |
| Issuance of Common Stock | 1.00M | 3.00M | 132.00M | 2.00M | 1.00M | 2.00M |
| Repurchase of Common Stock | -83.00M | -389.00M | -234.00M | -146.00M | -313.00M | -148.00M |
| Common Dividends Paid | -138.00M | -136.00M | -113.00M | -81.00M | -59.00M | -14.00M |
| Other Financing Activities | -9.00M | -6.00M | -27.00M | -8.00M | -63.00M | |
| Financing Cash Flow | -8.00M | -380.00M | 343.00M | -289.00M | -371.00M | -222.00M |
| Net Cash Flow | -16.00M | -240.00M | -124.00M | 189.00M | 2.00M | 277.00M |
| Free Cash Flow | 385.00M | 543.00M | 355.00M | 468.00M | 311.00M | 466.00M |
| Free Cash Flow Margin | 10.31% | 15.96% | 12.01% | 16.64% | 9.61% | 18.40% |
| Free Cash Flow Per Share | 4.45 | 6.21 | 4.36 | 6.46 | 4.01 | 5.61 |
| Levered Free Cash Flow | 299.50M | 509.00M | 711.38M | 394.50M | 199.88M | 558.62M |
| Unlevered Free Cash Flow | 368.88M | 575.25M | 765.75M | 429.50M | 233.00M | 592.38M |
| Cash Interest Paid | 57.00M | 85.00M | 80.00M | 44.00M | 43.00M | 28.00M |
| Cash Income Tax Paid | 13.00M | 36.00M | 105.00M | 121.00M | 20.00M | |
| Change in Working Capital | -204.00M | -141.00M | -97.00M | 6.00M | -57.00M | -107.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.93B | 3.74B | 4.74B | 3.75B | 3.17B | 3.43B |
| Enterprise Value | 6.22B | 4.65B | 5.72B | 3.93B | 3.44B | 3.88B |
| Last Close Price | 55.46 | 43.79 | 49.08 | 50.38 | 39.10 | 37.71 |
| PE Ratio | 10.31 | 12.61 | 6.65 | 6.04 | 5.61 | |
| Forward PE | 14.99 | 22.41 | 12.80 | 9.01 | 6.46 | 7.37 |
| PS Ratio | 1.32 | 1.10 | 1.60 | 1.33 | 0.98 | 1.36 |
| PB Ratio | 1.45 | 1.02 | 1.34 | 1.69 | 1.70 | 2.03 |
| P/TBV Ratio | 1.45 | 1.02 | 1.34 | 1.69 | 1.70 | 2.03 |
| P/FCF Ratio | 12.79 | 6.89 | 13.36 | 8.02 | 10.18 | 7.37 |
| P/OCF Ratio | 5.62 | 4.33 | 7.77 | 5.75 | 4.59 | 5.20 |
| PEG Ratio | 0.58 | 0.48 | 0.50 | 1.86 | 0.31 | 1.05 |
| EV/Sales Ratio | 1.66 | 1.36 | 1.94 | 1.40 | 1.06 | 1.53 |
| EV/EBITDA Ratio | 11.45 | 3.87 | 5.17 | 3.88 | 3.69 | 5.30 |
| EV/EBIT Ratio | 230.26 | 6.73 | 7.97 | 4.99 | 4.68 | 7.47 |
| EV/FCF Ratio | 16.15 | 8.56 | 16.12 | 8.39 | 11.07 | 8.32 |
| Debt / Equity Ratio | 0.40 | 0.37 | 0.35 | 0.28 | 0.35 | 0.38 |
| Debt / EBITDA Ratio | 1.79 | 1.00 | 1.04 | 0.55 | 0.65 | 0.81 |
| Debt / FCF Ratio | 3.50 | 2.51 | 3.45 | 1.30 | 2.13 | 1.37 |
| Net Debt / Equity Ratio | 0.38 | 0.34 | 0.24 | 0.05 | 0.19 | 0.20 |
| Net Debt / EBITDA Ratio | 2.38 | 1.02 | 0.77 | 0.11 | 0.38 | 0.45 |
| Net Debt / FCF Ratio | 3.35 | 2.26 | 2.41 | 0.24 | 1.14 | 0.71 |
| Asset Turnover | 0.54 | 0.47 | 0.53 | 0.71 | 0.83 | 0.73 |
| Inventory Turnover | 15.83 | 15.83 | 15.96 | 18.42 | 21.68 | 17.32 |
| Quick Ratio | 0.50 | 0.56 | 0.86 | 1.26 | 0.80 | 0.70 |
| Current Ratio | 0.66 | 0.89 | 1.04 | 1.51 | 0.97 | 0.88 |
| Return on Equity (ROE) | -3.55% | 10.07% | 13.06% | 27.63% | 29.50% | 43.55% |
| Return on Assets (ROA) | 0.24% | 5.93% | 8.06% | 12.37% | 11.77% | 9.38% |
| Return on Invested Capital (ROIC) | 0.60% | 10.74% | 15.56% | 26.11% | 23.91% | 27.22% |
| Return on Capital Employed (ROCE) | 0.40% | 10.90% | 11.70% | 23.30% | 24.00% | 17.30% |
| Earnings Yield | -2.53% | 9.70% | 7.93% | 15.03% | 16.55% | 17.82% |
| FCF Yield | 7.82% | 14.51% | 7.49% | 12.47% | 9.82% | 13.57% |
| Dividend Yield | 2.92% | 3.72% | 2.68% | 2.12% | 1.80% | 0.39% |
| Payout Ratio | 37.46% | 30.05% | 14.36% | 11.26% | 2.29% | |
| Buyback Yield / Dilution | 6.29% | -7.37% | -12.28% | 6.57% | 6.51% | -50.32% |
| Total Shareholder Return | 9.21% | -3.65% | -9.60% | 8.69% | 8.31% | -49.92% |