2019 Q4 Form 10-K Financial Statement

#000160925321000047 Filed on March 11, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2018 2017 Q4
Revenue $610.0M $3.064B $455.0M
YoY Change -43.41% 52.74% -9.18%
Cost Of Revenue $211.0M $2.295B $227.0M
YoY Change -9.44% 18.73% 4.61%
Gross Profit $399.0M $769.0M $228.0M
YoY Change -52.78% 953.42% -19.72%
Gross Profit Margin 65.41% 25.1% 50.11%
Selling, General & Admin $100.0M $299.0M $91.00M
YoY Change 6.38% 20.08% 3.41%
% of Gross Profit 25.06% 38.88% 39.91%
Research & Development $4.000M $34.00M $5.000M
YoY Change -75.0% 54.55% -50.0%
% of Gross Profit 1.0% 4.42% 2.19%
Depreciation & Amortization $114.0M $502.0M $132.0M
YoY Change -12.31% -7.72% -3.65%
% of Gross Profit 28.57% 65.28% 57.89%
Operating Expenses $297.0M $299.0M $258.0M
YoY Change -21.84% 20.08% 8.4%
Operating Profit $102.0M $769.0M -$30.00M
YoY Change -78.06% 953.42% -165.22%
Interest Expense -$90.00M -$379.0M -$91.00M
YoY Change -8.16% 10.5% -32.09%
% of Operating Profit -88.24% -49.28%
Other Income/Expense, Net -$54.00M -$340.0M -$14.00M
YoY Change 671.43% 1.49% 1300.0%
Pretax Income -$24.00M $429.0M -$135.0M
YoY Change -106.12% -263.74% 75.32%
Income Tax $1.000M $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$67.00M $328.0M -$138.0M
YoY Change -119.36% -223.31% 79.22%
Net Earnings / Revenue -10.98% 10.7% -30.33%
Basic Earnings Per Share $6.77
Diluted Earnings Per Share -$1.359M $6.77 -$3.247M
COMMON SHARES
Basic Shares Outstanding 47.40M shares
Diluted Shares Outstanding 47.40M shares

Balance Sheet

Concept 2019 Q4 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.00M $17.00M $20.00M
YoY Change 0.0% -15.0% 66.67%
Cash & Equivalents $17.00M $17.00M $20.00M
Short-Term Investments
Other Short-Term Assets $130.0M $187.0M $54.00M
YoY Change -49.02% 246.3% -31.65%
Inventory $67.00M $69.00M $56.00M
Prepaid Expenses $19.00M
Receivables $277.0M $299.0M $277.0M
Other Receivables $70.00M $68.00M $76.00M
Total Short-Term Assets $491.0M $640.0M $483.0M
YoY Change -23.28% 32.51% 13.65%
LONG-TERM ASSETS
Property, Plant & Equipment $6.352B $6.455B $5.696B
YoY Change -1.6% 13.33% -3.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $115.0M $63.00M $28.00M
YoY Change 82.54% 125.0% -36.36%
Total Long-Term Assets $6.467B $6.518B $5.724B
YoY Change -0.78% 13.87% -3.46%
TOTAL ASSETS
Total Short-Term Assets $491.0M $640.0M $483.0M
Total Long-Term Assets $6.467B $6.518B $5.724B
Total Assets $6.958B $7.158B $6.207B
YoY Change -2.79% 15.32% -2.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $296.0M $390.0M $257.0M
YoY Change -24.1% 51.75% 17.35%
Accrued Expenses $313.0M $180.0M $321.0M
YoY Change 44.24% -43.93% 5.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $100.0M $0.00
YoY Change -100.0%
Total Short-Term Liabilities $709.0M $607.0M $732.0M
YoY Change 16.8% -17.08% 0.83%
LONG-TERM LIABILITIES
Long-Term Debt $4.877B $5.467B $5.593B
YoY Change -10.79% -2.25% 8.22%
Other Long-Term Liabilities $720.0M $575.0M $602.0M
YoY Change 25.22% -4.49% -40.81%
Total Long-Term Liabilities $5.597B $6.042B $6.195B
YoY Change 873.39% -2.47% 0.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $709.0M $607.0M $732.0M
Total Long-Term Liabilities $5.597B $6.042B $6.195B
Total Liabilities $6.306B $7.519B $7.021B
YoY Change 433.5% 7.09% 1.59%
SHAREHOLDERS EQUITY
Retained Earnings -$5.370B
YoY Change 0.52%
Common Stock $5.004B
YoY Change 0.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$389.0M -$361.0M -$814.0M
YoY Change
Total Liabilities & Shareholders Equity $6.958B $7.158B $6.207B
YoY Change -2.79% 15.32% -2.31%

Cashflow Statement

Concept 2019 Q4 2018 2017 Q4
OPERATING ACTIVITIES
Net Income -$67.00M $328.0M -$138.0M
YoY Change -119.36% -223.31% 79.22%
Depreciation, Depletion And Amortization $114.0M $502.0M $132.0M
YoY Change -12.31% -7.72% -3.65%
Cash From Operating Activities $136.0M $461.0M $23.00M
YoY Change 100.0% 85.89% -253.33%
INVESTING ACTIVITIES
Capital Expenditures -$62.00M $690.0M -$139.0M
YoY Change -66.67% 85.98% 363.33%
Acquisitions
YoY Change
Other Investing Activities -$41.00M $6.000M $0.00
YoY Change 720.0% 200.0%
Cash From Investing Activities -$103.0M -$1.156B -$139.0M
YoY Change -46.07% 269.33% 363.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $54.00M
YoY Change 1700.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -38.00M $692.0M 108.0M
YoY Change -134.86% 847.95% 129.79%
NET CHANGE
Cash From Operating Activities 136.0M $461.0M 23.00M
Cash From Investing Activities -103.0M -$1.156B -139.0M
Cash From Financing Activities -38.00M $692.0M 108.0M
Net Change In Cash -5.000M -$3.000M -8.000M
YoY Change -64.29% -137.5% -500.0%
FREE CASH FLOW
Cash From Operating Activities $136.0M $461.0M $23.00M
Capital Expenditures -$62.00M $690.0M -$139.0M
Free Cash Flow $198.0M -$229.0M $162.0M
YoY Change -22.05% 86.18% 980.0%

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PaymentsForDebtorInPossessionFinancingCosts
0 USD
CY2018 crc Payments For Debtor In Possession Financing Costs
PaymentsForDebtorInPossessionFinancingCosts
0 USD
CY2020Q4 us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
0 USD
us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
3000000 USD
CY2019 us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
156000000 USD
CY2018 us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
199000000 USD
CY2020Q4 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
20000000 USD
CY2019 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
2000000 USD
CY2018 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
4000000 USD
CY2020Q4 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
100000000 USD
CY2019 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 USD
CY2018 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 USD
CY2020Q4 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
CY2019 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
49000000 USD
CY2018 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
796000000 USD
CY2020Q4 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
30000000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
104000000 USD
CY2019 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
151000000 USD
CY2018 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
121000000 USD
CY2020Q4 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2000000 USD
CY2019 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2018 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2020Q4 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
446000000 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4000000 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
54000000 USD
CY2020Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1000000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3000000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
11000000 USD
CY2020Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-156000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
98000000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-282000000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
692000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-175000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
186000000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
0 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
203000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17000000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
203000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17000000 USD
CY2020Q4 crc Fresh Start Accounting Voting Percentage Received
FreshStartAccountingVotingPercentageReceived
0.50
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-indent:18pt"><span><br/></span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The process of preparing financial statements in conformity with U.S. GAAP requires management to select appropriate accounting policies and make informed estimates and judgments regarding certain types of financial statement balances and disclosures. Such estimates primarily relate to unsettled transactions and events as of the date of the financial statements and judgments on expected outcomes as well as the materiality of transactions and balances. Changes in facts and circumstances or discovery of new information relating to such transactions and events may result in revised estimates and judgments. Further, actual results may differ from estimates upon settlement. Management believes that these estimates and judgments provide a reasonable basis for the fair presentation of our consolidated financial statements.</span></div>
CY2020 crc Property Plant And Equipment Period Before Costs Expensed For No Proved Reserves
PropertyPlantAndEquipmentPeriodBeforeCostsExpensedForNoProvedReserves
P1Y
CY2020Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
58000000 USD
CY2019Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
64000000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3000000 USD
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3000000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
61000000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
67000000 USD
CY2020 crc Plan Of Reorganization Awards Issued During The Period
PlanOfReorganizationAwardsIssuedDuringThePeriod
0 shares
CY2020Q4 crc Plan Of Reorganization Common Stock Capital Shares Reserved For Future Issuance
PlanOfReorganizationCommonStockCapitalSharesReservedForFutureIssuance
9300000 shares
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
593000000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
517000000 USD
CY2018Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
433000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
0 USD
us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
0 USD
CY2019 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
5000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
5000000 USD
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
12000000 USD
CY2019 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
26000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
8000000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
33000000 USD
CY2019 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
36000000 USD
CY2020Q4 crc Asset Retirement Obligation Dispositions
AssetRetirementObligationDispositions
0 USD
crc Asset Retirement Obligation Dispositions
AssetRetirementObligationDispositions
4000000 USD
CY2019 crc Asset Retirement Obligation Dispositions
AssetRetirementObligationDispositions
10000000 USD
CY2020Q4 crc Asset Retirement Obligation Other
AssetRetirementObligationOther
1000000 USD
crc Asset Retirement Obligation Other
AssetRetirementObligationOther
2000000 USD
CY2019 crc Asset Retirement Obligation Other
AssetRetirementObligationOther
4000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0 USD
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0 USD
CY2019 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
85000000 USD
CY2020Q4 crc Asset Retirement Obligation Fresh Start Accounting Impact
AssetRetirementObligationFreshStartAccountingImpact
0 USD
crc Asset Retirement Obligation Fresh Start Accounting Impact
AssetRetirementObligationFreshStartAccountingImpact
57000000 USD
CY2019 crc Asset Retirement Obligation Fresh Start Accounting Impact
AssetRetirementObligationFreshStartAccountingImpact
0 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
597000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
593000000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
517000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
50000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
50000000 USD
CY2019Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
28000000 USD
CY2020Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
547000000 USD
CY2020Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
543000000 USD
CY2019Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
489000000 USD
CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 USD
CY2020 crc Percentage Of Production Through Production Sharing Type Contracts
PercentageOfProductionThroughProductionSharingTypeContracts
0.18
CY2020 crc Percentage Of Operating Costs Reported Under Production Sharing Type Contracts
PercentageOfOperatingCostsReportedUnderProductionSharingTypeContracts
1
CY2020Q4 crc Unrestricted Cash
UnrestrictedCash
28000000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3000000 USD
CY2019Q4 crc Unrestricted Cash
UnrestrictedCash
14000000 USD
CY2020Q4 us-gaap Due From Joint Ventures
DueFromJointVentures
42000000 USD
CY2019Q4 us-gaap Due From Joint Ventures
DueFromJointVentures
70000000 USD
CY2020Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
0 USD
CY2019Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
39000000 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
20000000 USD
CY2019Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
19000000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
1000000 USD
CY2019Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
2000000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
63000000 USD
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
130000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
19000000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
72000000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
116000000 USD
CY2020Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
36000000 USD
CY2019Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
57000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
50000000 USD
CY2019Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
28000000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
1000000 USD
CY2019Q4 us-gaap Interest Payable Current
InterestPayableCurrent
13000000 USD
CY2020Q4 crc Lease Liability Current
LeaseLiabilityCurrent
7000000 USD
CY2019Q4 crc Lease Liability Current
LeaseLiabilityCurrent
28000000 USD
CY2020Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
50000000 USD
CY2019Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
0 USD
CY2020Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
21000000 USD
CY2019Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
5000000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
24000000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
66000000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
261000000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
313000000 USD
CY2020Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
5000000 USD
CY2020Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
547000000 USD
CY2019Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
489000000 USD
CY2020Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
184000000 USD
CY2019Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
182000000 USD
CY2020Q4 crc Lease Liability Non Current
LeaseLiabilityNonCurrent
35000000 USD
CY2019Q4 crc Lease Liability Non Current
LeaseLiabilityNonCurrent
38000000 USD
CY2020Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
6000000 USD
CY2019Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
0 USD
CY2020Q4 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
31000000 USD
CY2019Q4 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
0 USD
CY2020Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
19000000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
11000000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
822000000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
720000000 USD
CY2020Q4 crc Debtor Reorganization Items Gain Loss On Settlement Of Liabilities Subject To Compromise
DebtorReorganizationItemsGainLossOnSettlementOfLiabilitiesSubjectToCompromise
0 USD
crc Debtor Reorganization Items Gain Loss On Settlement Of Liabilities Subject To Compromise
DebtorReorganizationItemsGainLossOnSettlementOfLiabilitiesSubjectToCompromise
4022000000 USD
CY2020Q4 us-gaap Debtor Reorganization Items Gain Loss On Settlement Of Other Claims Net1
DebtorReorganizationItemsGainLossOnSettlementOfOtherClaimsNet1
0 USD
us-gaap Debtor Reorganization Items Gain Loss On Settlement Of Other Claims Net1
DebtorReorganizationItemsGainLossOnSettlementOfOtherClaimsNet1
125000000 USD
CY2020Q4 crc Debtor Reorganization Items Exit Fees
DebtorReorganizationItemsExitFees
0 USD
crc Debtor Reorganization Items Exit Fees
DebtorReorganizationItemsExitFees
12000000 USD
CY2020Q4 crc Debtor Reorganization Items Cancellation On Stock Based Compensation Awards
DebtorReorganizationItemsCancellationOnStockBasedCompensationAwards
0 USD
crc Debtor Reorganization Items Cancellation On Stock Based Compensation Awards
DebtorReorganizationItemsCancellationOnStockBasedCompensationAwards
5000000 USD
CY2020Q4 crc Debtor Reorganization Items Write Off Of Prepaid Insurance
DebtorReorganizationItemsWriteOffOfPrepaidInsurance
0 USD
crc Debtor Reorganization Items Write Off Of Prepaid Insurance
DebtorReorganizationItemsWriteOffOfPrepaidInsurance
2000000 USD
CY2020Q4 crc Reorganization Items Net Non Cash
ReorganizationItemsNetNonCash
0 USD
crc Reorganization Items Net Non Cash
ReorganizationItemsNetNonCash
4128000000 USD
CY2020Q4 us-gaap Debtor Reorganization Items Legal And Advisory Professional Fees
DebtorReorganizationItemsLegalAndAdvisoryProfessionalFees
3000000 USD
us-gaap Debtor Reorganization Items Legal And Advisory Professional Fees
DebtorReorganizationItemsLegalAndAdvisoryProfessionalFees
43000000 USD
CY2020Q4 us-gaap Debtor Reorganization Items Debtor In Possession Facility Financing Costs
DebtorReorganizationItemsDebtorInPossessionFacilityFinancingCosts
0 USD
us-gaap Debtor Reorganization Items Debtor In Possession Facility Financing Costs
DebtorReorganizationItemsDebtorInPossessionFacilityFinancingCosts
25000000 USD
CY2020Q4 us-gaap Debtor Reorganization Items Other Expense Income
DebtorReorganizationItemsOtherExpenseIncome
3000000 USD
us-gaap Debtor Reorganization Items Other Expense Income
DebtorReorganizationItemsOtherExpenseIncome
-4060000000 USD
CY2020Q4 us-gaap Interest Paid Net
InterestPaidNet
8000000 USD
us-gaap Interest Paid Net
InterestPaidNet
79000000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
425000000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
433000000 USD
crc Successor Common Stock Subscription Rights And Warrants Issued
SuccessorCommonStockSubscriptionRightsAndWarrantsIssued
-494000000 USD
crc Successor Common Stock Issued Junior Debtor In Possession Exit Fee
SuccessorCommonStockIssuedJuniorDebtorInPossessionExitFee
-12000000 USD
crc Ehp Notes Issued For Acquisition Of Noncontrolling Interest
EHPNotesIssuedForAcquisitionOfNoncontrollingInterest
-561000000 USD
crc Successor Common Stock Issued For A Backstop Commitment Premium
SuccessorCommonStockIssuedForABackstopCommitmentPremium
-52000000 USD
CY2019 crc Warrant Issued To A Joint Venture Partner
WarrantIssuedToAJointVenturePartner
-3000000 USD
CY2018 crc Common Stock Issued On Acquisition Of Elk Hills
CommonStockIssuedOnAcquisitionOfElkHills
-51000000 USD
CY2020Q2 crc Debt Instrument Grace Period
DebtInstrumentGracePeriod
P30D
CY2020Q2 crc Debt Instrument Grace Period
DebtInstrumentGracePeriod
P30D
CY2020Q4 crc Plan Of Reorganization Common Stock Shares New Issues
PlanOfReorganizationCommonStockSharesNewIssues
83300000 shares
CY2020Q4 crc Plan Of Reorganization Common Stock Capital Shares Reserved For Future Issuance
PlanOfReorganizationCommonStockCapitalSharesReservedForFutureIssuance
4400000 shares
CY2020Q4 crc Plan Of Reorganization Common Stock Capital Shares Reserved For Issuance Of Incentive Plan
PlanOfReorganizationCommonStockCapitalSharesReservedForIssuanceOfIncentivePlan
9300000 shares
CY2020Q4 crc Plan Of Reorganization Exercise Price Of Warrants Or Rights
PlanOfReorganizationExercisePriceOfWarrantsOrRights
36
CY2020Q4 crc Plan Of Reorganization Number Of Directors Remained Before New Appointees
PlanOfReorganizationNumberOfDirectorsRemainedBeforeNewAppointees
1 director
CY2020Q4 crc Plan Of Reorganization Number Of New Directors
PlanOfReorganizationNumberOfNewDirectors
7 director
CY2020Q4 crc Fresh Start Accounting Voting Percentage Received
FreshStartAccountingVotingPercentageReceived
0.50
CY2020Q4 us-gaap Debtor In Possession Financing Amount Arranged
DebtorInPossessionFinancingAmountArranged
2500000000 USD
CY2020Q4 crc Number Of Wells
NumberOfWells
18000 well
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2020Q4 crc Postconfirmation Stockholders Stockholders Equity Including Portion Attributable To Noncontrolling Interest
PostconfirmationStockholdersStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1345000000 USD
CY2020Q4 us-gaap Postconfirmation Long Term Debt
PostconfirmationLongTermDebt
725000000 USD
CY2020Q4 crc Postconfirmation Fair Value Of Asset Retirement Obligations
PostconfirmationFairValueOfAssetRetirementObligations
593000000 USD
CY2020Q4 crc Postconfirmation Less Unrestricted Cash Current
PostconfirmationLessUnrestrictedCashCurrent
163000000 USD
CY2020Q4 crc Reorganization Value Enterprise Value
ReorganizationValueEnterpriseValue
2500000000 USD
CY2020Q4 crc Postconfirmation Cash Used Temporarily
PostconfirmationCashUsedTemporarily
118000000 USD
CY2020Q4 crc Reorganization Value Enterprise Value
ReorganizationValueEnterpriseValue
2500000000 USD
CY2020Q4 crc Postconfirmation Unrestricted Cash Current
PostconfirmationUnrestrictedCashCurrent
163000000 USD
CY2020Q4 crc Postconfirmation Current Liabilities Excluding Asset Retirement Obligations
PostconfirmationCurrentLiabilitiesExcludingAssetRetirementObligations
396000000 USD
CY2020Q4 us-gaap Postconfirmation Other Long Term Debt
PostconfirmationOtherLongTermDebt
231000000 USD
CY2020Q4 crc Reorganization Value Other
ReorganizationValueOther
2000000 USD
CY2020Q4 us-gaap Reorganization Value
ReorganizationValue
3288000000 USD
CY2020Q4 crc Postconfirmation Cash Used Temporarily
PostconfirmationCashUsedTemporarily
118000000 USD
CY2020Q4 crc Postconfirmation Current Liabilities Excludes Asset Retirement Liability
PostconfirmationCurrentLiabilitiesExcludesAssetRetirementLiability
50000000 USD
CY2020Q4 crc Postconfirmation Other Long Term Liabilities Excludes Asset Retirement Liability
PostconfirmationOtherLongTermLiabilitiesExcludesAssetRetirementLiability
543000000 USD
CY2020Q4 us-gaap Preconfirmation Cash And Cash Equivalents
PreconfirmationCashAndCashEquivalents
106000000 USD
CY2020Q4 us-gaap Postconfirmation Cash And Cash Equivalents
PostconfirmationCashAndCashEquivalents
203000000 USD
CY2020Q4 us-gaap Preconfirmation Receivables Net
PreconfirmationReceivablesNet
149000000 USD
CY2020Q4 us-gaap Postconfirmation Receivables Net
PostconfirmationReceivablesNet
149000000 USD
CY2020Q4 us-gaap Preconfirmation Inventories
PreconfirmationInventories
61000000 USD
CY2020Q4 us-gaap Postconfirmation Inventories
PostconfirmationInventories
61000000 USD
CY2020Q4 crc Preconfirmation Other Assets Current
PreconfirmationOtherAssetsCurrent
104000000 USD
CY2020Q4 us-gaap Postconfirmation Prepaid And Other Current Assets
PostconfirmationPrepaidAndOtherCurrentAssets
102000000 USD
CY2020Q4 us-gaap Preconfirmation Current Assets
PreconfirmationCurrentAssets
420000000 USD
CY2020Q4 us-gaap Postconfirmation Current Assets
PostconfirmationCurrentAssets
515000000 USD
CY2020Q4 crc Preconfirmation Property And Equipment Gross
PreconfirmationPropertyAndEquipmentGross
22918000000 USD
CY2020Q4 crc Postconfirmation Property And Equipment Gross
PostconfirmationPropertyAndEquipmentGross
2682000000 USD
CY2020Q4 us-gaap Preconfirmation Accumulated Depreciation And Amortization
PreconfirmationAccumulatedDepreciationAndAmortization
18588000000 USD
CY2020Q4 us-gaap Postconfirmation Accumulated Depreciation And Amortization
PostconfirmationAccumulatedDepreciationAndAmortization
0 USD
CY2020Q4 us-gaap Preconfirmation Property And Equipment Net
PreconfirmationPropertyAndEquipmentNet
4330000000 USD
CY2020Q4 us-gaap Postconfirmation Property And Equipment Net
PostconfirmationPropertyAndEquipmentNet
2682000000 USD
CY2020Q4 us-gaap Preconfirmation Other Assets
PreconfirmationOtherAssets
77000000 USD
CY2020Q4 us-gaap Postconfirmation Other Assets
PostconfirmationOtherAssets
91000000 USD
CY2020Q4 us-gaap Preconfirmation Assets
PreconfirmationAssets
4827000000 USD
CY2020Q4 us-gaap Postconfirmation Assets
PostconfirmationAssets
3288000000 USD
CY2020Q4 us-gaap Preconfirmation Debtor In Possession Financing
PreconfirmationDebtorInPossessionFinancing
733000000 USD
CY2020Q4 us-gaap Postconfirmation Debtor In Possession Financing
PostconfirmationDebtorInPossessionFinancing
0 USD
CY2020Q4 us-gaap Preconfirmation Accounts Payable
PreconfirmationAccountsPayable
215000000 USD
CY2020Q4 us-gaap Postconfirmation Accounts Payable
PostconfirmationAccountsPayable
215000000 USD
CY2020Q4 us-gaap Preconfirmation Accrued Liabilities
PreconfirmationAccruedLiabilities
233000000 USD
CY2020Q4 us-gaap Postconfirmation Accrued Liabilities
PostconfirmationAccruedLiabilities
231000000 USD
CY2020Q4 us-gaap Preconfirmation Current Liabilities
PreconfirmationCurrentLiabilities
1181000000 USD
CY2020Q4 us-gaap Postconfirmation Current Liabilities
PostconfirmationCurrentLiabilities
446000000 USD
CY2020Q4 us-gaap Preconfirmation Long Term Debt
PreconfirmationLongTermDebt
0 USD
CY2020Q4 us-gaap Postconfirmation Long Term Debt
PostconfirmationLongTermDebt
723000000 USD
CY2020Q4 us-gaap Preconfirmation Other Noncurrent Obligations
PreconfirmationOtherNoncurrentObligations
725000000 USD
CY2020Q4 us-gaap Postconfirmation Other Noncurrent Obligations
PostconfirmationOtherNoncurrentObligations
774000000 USD
CY2020Q4 us-gaap Preconfirmation Liabilities Subject To Compromise
PreconfirmationLiabilitiesSubjectToCompromise
4516000000 USD
CY2020Q4 us-gaap Postconfirmation Liabilities Subject To Compromise
PostconfirmationLiabilitiesSubjectToCompromise
0 USD
CY2020Q4 crc Preconfirmation Redeemable Noncontrolling Interest Equity Carrying Amount
PreconfirmationRedeemableNoncontrollingInterestEquityCarryingAmount
691000000 USD
CY2020Q4 crc Postconfirmation Redeemable Noncontrolling Interest Equity Carrying Amount
PostconfirmationRedeemableNoncontrollingInterestEquityCarryingAmount
0 USD
CY2020Q4 us-gaap Preconfirmation Preferred Stock
PreconfirmationPreferredStock
0 USD
CY2020Q4 us-gaap Preconfirmation Common Stock
PreconfirmationCommonStock
0 USD
CY2020Q4 us-gaap Preconfirmation Additional Paid In Capital
PreconfirmationAdditionalPaidInCapital
5149000000 USD
CY2020Q4 us-gaap Postconfirmation Preferred Stock
PostconfirmationPreferredStock
0 USD
CY2020Q4 us-gaap Postconfirmation Common Stock
PostconfirmationCommonStock
1000000 USD
CY2020Q4 us-gaap Postconfirmation Additional Paid In Capital
PostconfirmationAdditionalPaidInCapital
1253000000 USD
CY2020Q4 us-gaap Postconfirmation Preferred And Common Stock Held In Treasury
PostconfirmationPreferredAndCommonStockHeldInTreasury
15000000 USD
CY2020Q4 us-gaap Preconfirmation Retained Earnings Deficit
PreconfirmationRetainedEarningsDeficit
-7481000000 USD
CY2020Q4 us-gaap Postconfirmation Retained Earnings Deficit
PostconfirmationRetainedEarningsDeficit
0 USD
CY2020Q4 us-gaap Preconfirmation Accumulated Other Comprehensive Income Loss
PreconfirmationAccumulatedOtherComprehensiveIncomeLoss
-23000000 USD
CY2020Q4 us-gaap Postconfirmation Accumulated Other Comprehensive Income Loss
PostconfirmationAccumulatedOtherComprehensiveIncomeLoss
0 USD
CY2020Q4 us-gaap Preconfirmation Stockholders Equity
PreconfirmationStockholdersEquity
-2355000000 USD
CY2020Q4 us-gaap Postconfirmation Stockholders Equity
PostconfirmationStockholdersEquity
1269000000 USD
CY2020Q4 crc Preconfirmation Stockholders Equity Attributable To Noncontrolling
PreconfirmationStockholdersEquityAttributableToNoncontrolling
69000000 USD
CY2020Q4 crc Postconfirmation Stockholders Stockholders Equity Attributable To Noncontrolling
PostconfirmationStockholdersStockholdersEquityAttributableToNoncontrolling
76000000 USD
CY2020Q4 crc Preconfirmation Stockholders Equity Including Portion Attributable To Noncontrolling Interest
PreconfirmationStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-2286000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
725000000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
2000000 USD
CY2020Q4 crc Postconfirmation Stockholders Stockholders Equity Including Portion Attributable To Noncontrolling Interest
PostconfirmationStockholdersStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1345000000 USD
CY2020Q4 us-gaap Preconfirmation Liabilities And Stockholders Equity
PreconfirmationLiabilitiesAndStockholdersEquity
4827000000 USD
CY2020Q4 us-gaap Postconfirmation Liabilities And Stockholders Equity
PostconfirmationLiabilitiesAndStockholdersEquity
3288000000 USD
CY2020Q4 crc Debtor Reorganization Items Net Proceeds From Revolving Credit Facility
DebtorReorganizationItemsNetProceedsFromRevolvingCreditFacility
225000000 USD
CY2020Q4 crc Debtor Reorganization Items Net Proceeds From Subscription Rights And Backstop Commitment Net
DebtorReorganizationItemsNetProceedsFromSubscriptionRightsAndBackstopCommitmentNet
446000000 USD
CY2020Q4 crc Debtor Reorganization Items Net Proceeds From Second Lien Term Loan
DebtorReorganizationItemsNetProceedsFromSecondLienTermLoan
200000000 USD
CY2020Q4 crc Payments For Debtor In Possession Financing
PaymentsForDebtorInPossessionFinancing
733000000 USD
CY2020Q4 us-gaap Debtor Reorganization Items Legal And Advisory Professional Fees
DebtorReorganizationItemsLegalAndAdvisoryProfessionalFees
15000000 USD
CY2020Q4 crc Debtor Reorganization Items Acquisition Of Noncontrolling Interest As Part Of The Settlement Agreement
DebtorReorganizationItemsAcquisitionOfNoncontrollingInterestAsPartOfTheSettlementAgreement
2000000 USD
CY2020Q4 crc Debtor Reorganization Items Distribution To Noncontrolling Interest Holder
DebtorReorganizationItemsDistributionToNoncontrollingInterestHolder
3000000 USD
CY2020Q4 crc Debtor Reorganization Items Accrued Interest And Bank Fees
DebtorReorganizationItemsAccruedInterestAndBankFees
1000000 USD
CY2020Q4 us-gaap Reorganization Items
ReorganizationItems
97000000 USD
CY2020Q4 crc Debtor Reorganization Items Legal And Advisory Professional Fees Reserved
DebtorReorganizationItemsLegalAndAdvisoryProfessionalFeesReserved
18000000 USD
CY2020Q4 us-gaap Debtor In Possession Financing Borrowings Outstanding
DebtorInPossessionFinancingBorrowingsOutstanding
733000000 USD
CY2020Q4 us-gaap Debtor Reorganization Items Legal And Advisory Professional Fees
DebtorReorganizationItemsLegalAndAdvisoryProfessionalFees
15000000 USD
CY2020Q4 crc Debtor Reorganization Items Accrued Interest And Bank Fees
DebtorReorganizationItemsAccruedInterestAndBankFees
1000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
723000000 USD
CY2020Q4 crc Liabilities Subject To Compromise Accrued Interest
LiabilitiesSubjectToCompromiseAccruedInterest
164000000 USD
CY2020Q4 us-gaap Liabilities Subject To Compromise
LiabilitiesSubjectToCompromise
4516000000 USD
CY2020Q4 crc Plan Of Reorganization Common Stock Shares New Issues
PlanOfReorganizationCommonStockSharesNewIssues
83300000 shares
CY2020Q4 us-gaap Postconfirmation Common Stock
PostconfirmationCommonStock
1000000 USD
CY2020Q4 us-gaap Postconfirmation Additional Paid In Capital
PostconfirmationAdditionalPaidInCapital
1253000000 USD
CY2020Q4 crc Postconfirmation Warrants
PostconfirmationWarrants
15000000 USD
CY2020Q4 us-gaap Postconfirmation Stockholders Equity
PostconfirmationStockholdersEquity
1269000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Fair Value Disclosure
PropertyPlantAndEquipmentFairValueDisclosure
2682000000 USD
CY2020Q4 crc Fresh Start Adjustments Fair Value Adjustment To Asset Retirement Obligations Current
FreshStartAdjustmentsFairValueAdjustmentToAssetRetirementObligationsCurrent
20000000 USD
CY2020Q4 us-gaap Fresh Start Adjustment Increase Decrease Liabilities
FreshStartAdjustmentIncreaseDecreaseLiabilities
-5000000 USD
CY2020Q4 crc Fresh Start Adjustments Fair Value Adjustment To Asset Retirement Obligations Noncurrent
FreshStartAdjustmentsFairValueAdjustmentToAssetRetirementObligationsNoncurrent
36000000 USD
CY2020Q4 crc Fresh Start Adjustment Long Term Obligation
FreshStartAdjustmentLongTermObligation
8000000 USD
CY2020Q4 crc Fresh Start Adjustment Increase Decrease Long Term Debt Lease Liability
FreshStartAdjustmentIncreaseDecreaseLongTermDebtLeaseLiability
5000000 USD
CY2020Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1700000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
2689000000 USD
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
22889000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
34000000 USD
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
16537000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
2655000000 USD
CY2019Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
6352000000 USD
CY2020Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
3000000 USD
CY2018Q2 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
518000000 USD
CY2019Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
7000000 USD
CY2018Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
5000000 USD
CY2017Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
4000000 USD
CY2020Q4 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
0 USD
us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
0 USD
CY2019 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
12000000 USD
CY2018 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
19000000 USD
CY2020Q4 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
0 USD
us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
0 USD
CY2019 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
3000000 USD
CY2018 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
2000000 USD
CY2020Q4 us-gaap Capitalized Exploratory Well Cost Charged To Expense1
CapitalizedExploratoryWellCostChargedToExpense1
0 USD
us-gaap Capitalized Exploratory Well Cost Charged To Expense1
CapitalizedExploratoryWellCostChargedToExpense1
2000000 USD
CY2019 us-gaap Capitalized Exploratory Well Cost Charged To Expense1
CapitalizedExploratoryWellCostChargedToExpense1
7000000 USD
CY2018 us-gaap Capitalized Exploratory Well Cost Charged To Expense1
CapitalizedExploratoryWellCostChargedToExpense1
16000000 USD
CY2020Q4 crc Debtor Reorganization Items Gain Loss On Fresh Start Accounting
DebtorReorganizationItemsGainLossOnFreshStartAccounting
0 USD
crc Debtor Reorganization Items Gain Loss On Fresh Start Accounting
DebtorReorganizationItemsGainLossOnFreshStartAccounting
2000000 USD
CY2019 crc Debtor Reorganization Items Gain Loss On Fresh Start Accounting
DebtorReorganizationItemsGainLossOnFreshStartAccounting
0 USD
CY2018 crc Debtor Reorganization Items Gain Loss On Fresh Start Accounting
DebtorReorganizationItemsGainLossOnFreshStartAccounting
0 USD
CY2020Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
3000000 USD
CY2020Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
3000000 USD
CY2019Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
7000000 USD
CY2018Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
5000000 USD
CY2019Q2 crc Percentage Of Working Interest Sold
PercentageOfWorkingInterestSold
0.50
CY2019Q2 us-gaap Disposal Group Including Discontinued Operation Consideration
DisposalGroupIncludingDiscontinuedOperationConsideration
200000000 USD
CY2019Q2 crc Proceeds From Sale Of Productive Assets Including Purchase Price Adjustment
ProceedsFromSaleOfProductiveAssetsIncludingPurchasePriceAdjustment
168000000 USD
CY2019Q2 crc Oil And Gas Number Of Development Plan Included In Field Sold
OilAndGasNumberOfDevelopmentPlanIncludedInFieldSold
200 well
CY2019Q2 crc Oil And Gas Field Development Plan Value
OilAndGasFieldDevelopmentPlanValue
35000000 USD
CY2019Q2 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
164000000 USD
CY2019Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
CY2020Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
41000000 USD
CY2020Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
CY2018 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
18000000 USD
CY2018 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
5000000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
38000000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
59000000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
1000000 USD
CY2020Q4 crc Number Of Low Temperature Separation Plants
NumberOfLowTemperatureSeparationPlants
2 plant
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Preferred Redemption Value
RedeemableNoncontrollingInterestEquityPreferredRedemptionValue
138000000 USD
CY2019Q3 crc Joint Venture Working Interest Retained In Properties
JointVentureWorkingInterestRetainedInProperties
0.10
CY2019Q3 crc Joint Venture Working Interest After Counterparty Return
JointVentureWorkingInterestAfterCounterpartyReturn
0.825
CY2020Q1 srt Average Sales Prices
AverageSalesPrices
45
CY2020Q1 crc Number Of Trading Days
NumberOfTradingDays
30 day
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
599000000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
2000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
597000000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
99000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
200000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
300000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
599000000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
599000000 USD
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
3800000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
599000000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5000000000.0 USD
CY2020Q4 crc Leases Right Of Use Asset
LeasesRightOfUseAsset
39000000 USD
CY2019Q4 crc Leases Right Of Use Asset
LeasesRightOfUseAsset
61000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6000000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
27000000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1000000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1000000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
35000000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
37000000 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
0 USD
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1000000 USD
CY2020Q4 crc Total Lease Liability
TotalLeaseLiability
42000000 USD
CY2019Q4 crc Total Lease Liability
TotalLeaseLiability
66000000 USD
CY2020Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
2000000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
23000000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
52000000 USD
CY2020Q4 us-gaap Short Term Lease Cost
ShortTermLeaseCost
7000000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
25000000 USD
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
74000000 USD
CY2020Q4 us-gaap Variable Lease Cost
VariableLeaseCost
0 USD
us-gaap Variable Lease Cost
VariableLeaseCost
4000000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
21000000 USD
CY2020Q4 crc Lease Cost Excluding Finance Lease Costs And Sublease Income
LeaseCostExcludingFinanceLeaseCostsAndSubleaseIncome
9000000 USD
crc Lease Cost Excluding Finance Lease Costs And Sublease Income
LeaseCostExcludingFinanceLeaseCostsAndSubleaseIncome
52000000 USD
CY2019 crc Lease Cost Excluding Finance Lease Costs And Sublease Income
LeaseCostExcludingFinanceLeaseCostsAndSubleaseIncome
147000000 USD
CY2020Q4 crc Finance Lease Cost
FinanceLeaseCost
0 USD
crc Finance Lease Cost
FinanceLeaseCost
1000000 USD
CY2019 crc Finance Lease Cost
FinanceLeaseCost
0 USD
CY2020Q4 us-gaap Sublease Income
SubleaseIncome
0 USD
us-gaap Sublease Income
SubleaseIncome
1000000 USD
CY2019 us-gaap Sublease Income
SubleaseIncome
1000000 USD
CY2020Q4 us-gaap Lease Cost
LeaseCost
9000000 USD
us-gaap Lease Cost
LeaseCost
52000000 USD
CY2019 us-gaap Lease Cost
LeaseCost
146000000 USD
CY2020Q4 crc Lessee Finance Lease Number Of Lease Contracts
LesseeFinanceLeaseNumberOfLeaseContracts
2 contract
CY2020 crc Lessee Sublease Renewal Option
LesseeSubleaseRenewalOption
0 option
CY2020Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
2000000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
9000000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
14000000 USD
CY2020Q4 crc Operating Lease Cash Payments Investing
OperatingLeaseCashPaymentsInvesting
0 USD
crc Operating Lease Cash Payments Investing
OperatingLeaseCashPaymentsInvesting
14000000 USD
CY2019 crc Operating Lease Cash Payments Investing
OperatingLeaseCashPaymentsInvesting
40000000 USD
CY2020Q4 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1000000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
0 USD
CY2020Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
122000000 USD
CY2020Q4 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
2000000 USD
CY2020Q4 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
0 USD
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
2000000 USD
CY2019 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
3000000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y9M21D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.122
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y3M29D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y3M29D
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.040
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.085
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
15000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
8000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
0 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
6000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5000000 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020Q4 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.07
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7000000 USD
CY2020Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
0 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
42000000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1000000 USD
CY2020Q4 crc Number Of Offshore Platforms With Decommissioning Obligations Defaulted
NumberOfOffshorePlatformsWithDecommissioningObligationsDefaulted
2 platform
CY2020Q4 crc Offshore Platforms With Decommissioning Obligations Defaulted Ownership Percent
OffshorePlatformsWithDecommissioningObligationsDefaultedOwnershipPercent
0.35
CY2020Q4 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-140000000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-17000000 USD
CY2019 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-170000000 USD
CY2018 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
229000000 USD
CY2020Q4 us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
-1000000 USD
us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
108000000 USD
CY2019 us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
111000000 USD
CY2018 us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
-228000000 USD
CY2020Q4 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-141000000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
91000000 USD
CY2019 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-59000000 USD
CY2018 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
1000000 USD
CY2020Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.07
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.07
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.06
CY2020Q4 crc Effective Income Tax Rate Reconciliation Exclusion Of Tax Attributable To Noncontrolling
EffectiveIncomeTaxRateReconciliationExclusionOfTaxAttributableToNoncontrolling
0
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