California Resources Corp - Understand $crc stock

$CRC Market Cap: $5.046 Billion

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Financial Snapshot

Revenue

$3.047B

TTM

Gross Margin

70.57%

TTM

Net Earnings

$531.0M

TTM

Current Assets

$872.0M

Q3 2024

Current Liabilities

$897.0M

Q3 2024

Current Ratio

97.21%

Q3 2024

Total Assets

$7.128B

Q3 2024

Total Liabilities

$2.365B

Q3 2024

Book Value

$4.763B

Q3 2024

Cash

$241.0M

Q3 2024

P/E

9.502

Nov 29, 2024 EST

Free Cash Flow

$302.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$2.801B	$2.707B	$1.889B	$1.559B	$2.634B	$3.064B	$2.006B	$1.547B	$2.403B	$4.178B	$4.284B	$4.073B	$3.934B
YoY Change	3.47%	43.3%	21.17%	-40.81%	-14.03%	52.74%	29.67%	-35.62%	-42.48%	-2.47%	5.18%	3.53%	34.91%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$2.801B	$2.707B	$1.889B	$1.559B	$2.634B	$3.064B	$2.006B	$1.547B	$2.403B	$4.178B	$4.284B	$4.073B	$3.934B
Cost Of Revenue	$822.0M	$785.0M	$705.0M	$625.0M	$2.205B	$2.295B	$1.933B	$800.0M	$951.0M	$1.057B	$960.0M	$1.219B	$1.074B
Gross Profit	$1.979B	$1.922B	$1.184B	$934.0M	$429.0M	$769.0M	$73.00M	$747.0M	$1.452B	$3.121B	$3.324B	$2.854B	$2.860B
Gross Profit Margin	70.65%	71.0%	62.68%	59.91%	16.29%	25.1%	3.64%	48.29%	60.42%	74.7%	77.59%	70.07%	72.7%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Selling, General & Admin	$267.0M	$222.0M	$200.0M	$604.0M	$290.0M	$299.0M	$249.0M	$392.0M	$534.0M	$519.0M	$477.0M	$440.0M	$430.0M
YoY Change	20.27%	11.0%	-66.89%	108.28%	-3.01%	20.08%	-36.48%	-26.59%	2.89%	8.81%	8.41%	2.33%
% of Gross Profit	13.49%	11.55%	16.89%	64.67%	67.6%	38.88%	341.1%	52.48%	36.78%	16.63%	14.35%	15.42%	15.03%
Research & Development	$3.000M	$4.000M	$7.000M	$11.00M	$29.00M	$34.00M	$22.00M	$23.00M	$36.00M	$139.0M	$116.0M	$148.0M	$114.0M
YoY Change	-25.0%	-42.86%	-36.36%	-62.07%	-14.71%	54.55%	-4.35%	-36.11%	-74.1%	19.83%	-21.62%	29.82%
% of Gross Profit	0.15%	0.21%	0.59%	1.18%	6.76%	4.42%	30.14%	3.08%	2.48%	4.45%	3.49%	5.19%	3.99%
Depreciation & Amortization	$225.0M	$198.0M	$213.0M	$362.0M	$471.0M	$502.0M	$544.0M	$559.0M	$1.004B	$1.198B	$1.144B	$926.0M	$675.0M
YoY Change	13.64%	-7.04%	-41.16%	-23.14%	-6.18%	-7.72%	-2.68%	-44.32%	-16.19%	4.72%	23.54%	37.19%
% of Gross Profit	11.37%	10.3%	17.99%	38.76%	109.79%	65.28%	745.21%	74.83%	69.15%	38.39%	34.42%	32.45%	23.6%
Operating Expenses	$267.0M	$222.0M	$200.0M	$1.083B	$290.0M	$299.0M	$249.0M	$1.053B	$1.742B	$2.063B	$1.877B	$1.644B	$1.219B
YoY Change	20.27%	11.0%	-81.53%	273.45%	-3.01%	20.08%	-76.35%	-39.55%	-15.56%	9.91%	14.17%	34.86%
Operating Profit	$808.0M	$812.0M	$293.0M	-$149.0M	$429.0M	$769.0M	$73.00M	-$306.0M	-$290.0M	$1.058B	$1.447B	$1.210B	$1.641B
YoY Change	-0.49%	177.13%	-296.64%	-134.73%	-44.21%	953.42%	-123.86%	5.52%	-127.41%	-26.88%	19.59%	-26.26%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Interest Expense	-$65.00M	-$54.00M	-$54.00M	-$217.0M	-$383.0M	-$379.0M	-$343.0M	-$328.0M	-$326.0M	-$77.00M	$0.00	$0.00
YoY Change	20.37%	0.0%	-75.12%	-43.34%	1.06%	10.5%	4.57%	0.61%	323.38%
% of Operating Profit	-8.04%	-6.65%	-18.43%		-89.28%	-49.28%	-469.86%			-7.28%	0.0%	0.0%
Other Income/Expense, Net	-$60.00M	$3.000M	$8.000M	-$89.00M	-$329.0M	-$340.0M	-$335.0M	$30.00M	-$28.00M	$0.00
YoY Change	-2100.0%	-62.5%	-108.99%	-72.95%	-3.24%	1.49%	-1216.67%	-207.14%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Pretax Income	$748.0M	$761.0M	$229.0M	$1.871B	$100.0M	$429.0M	-$262.0M	$201.0M	-$5.476B	-$2.421B	$1.447B	$1.181B	$1.641B
YoY Change	-1.71%	232.31%	-87.76%	1771.0%	-76.69%	-263.74%	-230.35%	-103.67%	126.19%	-267.31%	22.52%	-28.03%	-43.72%
Income Tax	$184.0M	$237.0M	-$396.0M	$0.00	$1.000M	$0.00	$0.00	-$78.00M	-$1.922B	-$987.0M	$578.0M	$482.0M	$670.0M
% Of Pretax Income	24.6%	31.14%	-172.93%	0.0%	1.0%	0.0%		-38.81%			39.94%	40.81%	40.83%
Net Earnings	$564.0M	$524.0M	$612.0M	$1.766B	-$28.00M	$328.0M	-$266.0M	$279.0M	-$3.554B	-$1.434B	$869.0M	$699.0M	$971.0M
YoY Change	7.63%	-14.38%	-65.35%	-6407.14%	-108.54%	-223.31%	-195.34%	-107.85%	147.84%	-265.02%	24.32%	-28.01%	-61.25%
Net Earnings / Revenue	20.14%	19.36%	32.4%	113.28%	-1.06%	10.7%	-13.26%	18.03%	-147.9%	-34.32%	20.28%	17.16%	24.68%
Basic Earnings Per Share	$8.10	$6.94	$7.46		-$0.57	$6.77	-$6.26
Diluted Earnings Per Share	$7.78	$6.75	$7.37	$36.56M	-$0.57	$6.77	-$6.26	$6.906M	-$92.79M	-$37.54M	$22.75M	$18.30M	$25.09M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Cash & Short-Term Investments	$496.0M	$307.0M	$305.0M	$28.00M	$17.00M	$17.00M	$20.00M	$12.00M	$12.00M	$14.00M	$0.00	$0.00
YoY Change	61.56%	0.66%	989.29%	64.71%	0.0%	-15.0%	66.67%	0.0%	-14.29%
Cash & Equivalents						$17.00M	$20.00M	$12.00M	$12.00M	$14.00M	$0.00	$0.00
Short-Term Investments
Other Short-Term Assets	$83.00M	$89.00M	$96.00M	$21.00M	$60.00M	$187.0M	$54.00M	$79.00M	$126.0M	$308.0M	$52.00M	$71.00M
YoY Change	-6.74%	-7.29%	357.14%	-65.0%	-67.91%	246.3%	-31.65%	-37.3%	-59.09%	492.31%	-26.76%
Inventory	$72.00M	$60.00M	$60.00M	$61.00M	$67.00M	$69.00M	$56.00M	$58.00M	$58.00M	$71.00M	$75.00M	$81.00M
Prepaid Expenses
Receivables	$216.0M	$326.0M	$245.0M	$177.0M	$277.0M	$299.0M	$277.0M	$232.0M	$200.0M	$308.0M	$30.00M	$22.00M
Other Receivables	$62.00M	$82.00M	$47.00M	$42.00M	$70.00M	$68.00M	$76.00M	$44.00M	$42.00M	$0.00	$97.00M	$71.00M
Total Short-Term Assets	$929.0M	$864.0M	$753.0M	$329.0M	$491.0M	$640.0M	$483.0M	$425.0M	$438.0M	$701.0M	$254.0M	$245.0M
YoY Change	7.52%	14.74%	128.88%	-32.99%	-23.28%	32.51%	13.65%	-2.97%	-37.52%	175.98%	3.67%
Property, Plant & Equipment	$2.843B	$2.859B	$2.642B	$2.693B	$6.411B	$6.455B	$5.696B	$5.885B	$6.312B	$11.69B	$14.01B	$13.50B
YoY Change	-0.56%	8.21%	-1.89%	-57.99%	-0.68%	13.33%	-3.21%	-6.76%	-45.98%	-16.58%	3.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$19.00M	$13.00M
YoY Change	46.15%
Other Assets	$207.0M	$231.0M	$451.0M	$52.00M	$56.00M	$63.00M	$28.00M	$44.00M	$303.0M	$43.00M	$35.00M	$20.00M
YoY Change	-10.39%	-48.78%	767.31%	-7.14%	-11.11%	125.0%	-36.36%	-85.48%	604.65%	22.86%	75.0%
Total Long-Term Assets	$3.069B	$3.103B	$3.093B	$2.745B	$6.467B	$6.518B	$5.724B	$5.929B	$6.615B	$11.73B	$14.04B	$13.52B
YoY Change	-1.1%	0.32%	12.68%	-57.55%	-0.78%	13.87%	-3.46%	-10.37%	-43.6%	-16.49%	3.88%
Total Assets	$3.998B	$3.967B	$3.846B	$3.074B	$6.958B	$7.158B	$6.207B	$6.354B	$7.053B	$12.43B	$14.30B	$13.76B
YoY Change
Accounts Payable	$245.0M	$345.0M	$266.0M	$212.0M	$296.0M	$390.0M	$257.0M	$219.0M	$257.0M	$588.0M	$448.0M	$371.0M
YoY Change	-28.99%	29.7%	25.47%	-28.38%	-24.1%	51.75%	17.35%	-14.79%	-56.29%	31.25%	20.75%
Accrued Expenses	$212.0M	$158.0M	$246.0M	$139.0M	$279.0M	$180.0M	$321.0M	$304.0M	$221.0M	$334.0M	$241.0M	$180.0M
YoY Change	34.18%	-35.77%	76.98%	-50.18%	55.0%	-43.93%	5.59%	37.56%	-33.83%	38.59%	33.89%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due				$1.000M	$101.0M		$0.00	$100.0M	$100.0M
YoY Change				-99.01%			-100.0%	0.0%
Total Short-Term Liabilities	$616.0M	$894.0M	$854.0M	$473.0M	$709.0M	$607.0M	$732.0M	$726.0M	$605.0M	$922.0M	$689.0M	$551.0M
YoY Change	-31.1%	4.68%	80.55%	-33.29%	16.8%	-17.08%	0.83%	20.0%	-34.38%	33.82%	25.05%
Long-Term Debt	$540.0M	$592.0M	$589.0M	$597.0M	$5.024B	$5.467B	$5.593B	$5.168B	$6.043B	$6.360B	$0.00	$0.00
YoY Change	-8.78%	0.51%	-1.34%	-88.12%	-8.1%	-2.25%	8.22%	-14.48%	-4.98%
Other Long-Term Liabilities	$623.0M	$617.0M	$715.0M	$822.0M	$719.0M	$575.0M	$602.0M	$1.017B	$1.321B	$481.0M	$497.0M	$511.0M
YoY Change	0.97%	-13.71%	-13.02%	14.33%	25.04%	-4.49%	-40.81%	-23.01%	174.64%	-3.22%	-2.74%
Total Long-Term Liabilities	$1.163B	$1.209B	$1.304B	$1.419B	$5.743B	$6.042B	$6.195B	$6.185B	$7.364B	$6.841B	$497.0M	$511.0M
YoY Change	-3.8%	-7.29%	-8.1%	-75.29%	-4.95%	-2.47%	0.16%	-16.01%	7.65%	1276.46%	-2.74%
Total Liabilities	$1.779B	$2.103B	$2.158B	$1.936B	$7.347B	$7.519B	$7.021B	$6.911B	$7.969B	$9.818B	$4.308B	$3.904B
YoY Change	-15.41%	-2.55%	11.47%	-73.65%	-2.29%	7.09%	1.59%	-13.28%	-18.83%	127.9%	10.35%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2019	2018	2017	2016	2015	2014
Basic Shares Outstanding	69.60M shares	75.50M shares	82.00M shares	49.00M shares	47.40M shares	42.50M shares	40.40M	383.2M	381.9M
Diluted Shares Outstanding	72.50M shares	77.60M shares	83.00M shares	49.00M shares	47.40M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $5.0456 Billion

About California Resources Corp

California Resources Corp. is an independent oil and natural gas company committed to energy transition in the sector. The company is headquartered in Long Beach, California and currently employs 970 full-time employees. The company went IPO on 2014-11-13. The company produces the lowest carbon intensity oil in the United States. The company is in the early stages of developing several carbon capture and storage projects in California. Its carbon management business, Carbon TerraVault, is focused on building, installing, operating, and maintaining carbon dioxide (CO2) capture equipment, transportation assets and storage facilities in California. The company has operations in oil and gas basins, including San Joaquin Basin, Los Angeles Basin, Sacramento Basin, and other. The company holds substantially all the working, surface and mineral interests in the Elk Hills field, which is its largest producing asset in the San Joaquin basin, and has a large ownership interest in several other oil fields located in the San Joaquin basin, including Buena Vista and Coles Levee. The Los Angeles Basin is a northwest-trending plain about 50 miles long and 20 miles wide.

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