2015 Form 10-K Financial Statement
#000160925316000194 Filed on February 29, 2016
Income Statement
| Concept | 2015 | 2014 |
|---|---|---|
| Revenue | $2.403B | $4.178B |
| YoY Change | -42.48% | -2.47% |
| Cost Of Revenue | $951.0M | $1.057B |
| YoY Change | -10.03% | 10.1% |
| Gross Profit | $1.452B | $3.121B |
| YoY Change | -53.48% | -6.11% |
| Gross Profit Margin | 60.42% | 74.7% |
| Selling, General & Admin | $534.0M | $519.0M |
| YoY Change | 2.89% | 8.81% |
| % of Gross Profit | 36.78% | 16.63% |
| Research & Development | $36.00M | $139.0M |
| YoY Change | -74.1% | 19.83% |
| % of Gross Profit | 2.48% | 4.45% |
| Depreciation & Amortization | $1.004B | $1.198B |
| YoY Change | -16.19% | 4.72% |
| % of Gross Profit | 69.15% | 38.39% |
| Operating Expenses | $1.742B | $2.063B |
| YoY Change | -15.56% | 9.91% |
| Operating Profit | -$290.0M | $1.058B |
| YoY Change | -127.41% | -26.88% |
| Interest Expense | -$326.0M | -$77.00M |
| YoY Change | 323.38% | |
| % of Operating Profit | -7.28% | |
| Other Income/Expense, Net | -$28.00M | $0.00 |
| YoY Change | ||
| Pretax Income | -$5.476B | -$2.421B |
| YoY Change | 126.19% | -267.31% |
| Income Tax | -$1.922B | -$987.0M |
| % Of Pretax Income | ||
| Net Earnings | -$3.554B | -$1.434B |
| YoY Change | 147.84% | -265.02% |
| Net Earnings / Revenue | -147.9% | -34.32% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$92.79M | -$37.54M |
| COMMON SHARES | ||
| Basic Shares Outstanding | 383.2M | 381.9M |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2015 | 2014 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $12.00M | $14.00M |
| YoY Change | -14.29% | |
| Cash & Equivalents | $12.00M | $14.00M |
| Short-Term Investments | ||
| Other Short-Term Assets | $126.0M | $308.0M |
| YoY Change | -59.09% | 492.31% |
| Inventory | $58.00M | $71.00M |
| Prepaid Expenses | ||
| Receivables | $200.0M | $308.0M |
| Other Receivables | $42.00M | $0.00 |
| Total Short-Term Assets | $438.0M | $701.0M |
| YoY Change | -37.52% | 175.98% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $6.312B | $11.69B |
| YoY Change | -45.98% | -16.58% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $303.0M | $43.00M |
| YoY Change | 604.65% | 22.86% |
| Total Long-Term Assets | $6.615B | $11.73B |
| YoY Change | -43.6% | -16.49% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $438.0M | $701.0M |
| Total Long-Term Assets | $6.615B | $11.73B |
| Total Assets | $7.053B | $12.43B |
| YoY Change | -43.25% | -13.07% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $257.0M | $588.0M |
| YoY Change | -56.29% | 31.25% |
| Accrued Expenses | $221.0M | $334.0M |
| YoY Change | -33.83% | 38.59% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $100.0M | |
| YoY Change | ||
| Total Short-Term Liabilities | $605.0M | $922.0M |
| YoY Change | -34.38% | 33.82% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $6.043B | $6.360B |
| YoY Change | -4.98% | |
| Other Long-Term Liabilities | $1.321B | $481.0M |
| YoY Change | 174.64% | -3.22% |
| Total Long-Term Liabilities | $7.364B | $6.841B |
| YoY Change | 7.65% | 1276.46% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $605.0M | $922.0M |
| Total Long-Term Liabilities | $7.364B | $6.841B |
| Total Liabilities | $7.969B | $9.818B |
| YoY Change | -18.83% | 127.9% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$916.0M | $2.611B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $7.053B | $12.43B |
| YoY Change | -43.25% | -13.07% |
Cashflow Statement
| Concept | 2015 | 2014 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$3.554B | -$1.434B |
| YoY Change | 147.84% | -265.02% |
| Depreciation, Depletion And Amortization | $1.004B | $1.198B |
| YoY Change | -16.19% | 4.72% |
| Cash From Operating Activities | $403.0M | $2.371B |
| YoY Change | -83.0% | -4.24% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$401.0M | -$2.089B |
| YoY Change | -80.8% | 25.16% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$356.0M | -$223.0M |
| YoY Change | 59.64% | 406.82% |
| Cash From Investing Activities | -$757.0M | -$2.312B |
| YoY Change | -67.26% | 34.97% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 352.0M | -45.00M |
| YoY Change | -882.22% | -94.1% |
| NET CHANGE | ||
| Cash From Operating Activities | 403.0M | 2.371B |
| Cash From Investing Activities | -757.0M | -2.312B |
| Cash From Financing Activities | 352.0M | -45.00M |
| Net Change In Cash | -2.000M | 14.00M |
| YoY Change | -114.29% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $403.0M | $2.371B |
| Capital Expenditures | -$401.0M | -$2.089B |
| Free Cash Flow | $804.0M | $4.460B |
| YoY Change | -81.97% | 7.6% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2015 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
|
-2000000 | |
| CY2014 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-2000000 | |
| CY2015 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
383200000 | |
| CY2014 | crc |
Net Contributions From Or Distributions To Occidental
NetContributionsFromOrDistributionsToOccidental
|
56000000 | |
| CY2014 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-3000000 | |
| CY2014 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1434000000 | |
| CY2013 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
2000000 | |
| CY2015 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
|
11000000 | |
| CY2013 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-2000000 | |
| CY2013 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
|
27000000 |
