2021 Q4 Form 10-Q Financial Statement

#000160925321000117 Filed on November 12, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $634.0M $588.0M $409.0M
YoY Change 317.11% 43.77% -39.94%
Cost Of Revenue $182.0M $190.0M $141.0M
YoY Change 10.3% 34.75% -36.2%
Gross Profit $452.0M $398.0M $268.0M
YoY Change 232.35% 48.51% -41.74%
Gross Profit Margin 71.29% 67.69% 65.53%
Selling, General & Admin $177.0M $51.00M $64.00M
YoY Change 342.5% -20.31% -3.03%
% of Gross Profit 39.16% 12.81% 23.88%
Research & Development $1.000M $2.000M $2.000M
YoY Change -50.0% 0.0% -60.0%
% of Gross Profit 0.22% 0.5% 0.75%
Depreciation & Amortization $53.00M $54.00M $89.00M
YoY Change 55.88% -39.33% -24.58%
% of Gross Profit 11.73% 13.57% 33.21%
Operating Expenses $240.0M $468.0M $422.0M
YoY Change 500.0% 10.9% 539.39%
Operating Profit $212.0M $122.0M -$13.00M
YoY Change -300.0% -1038.46% -108.78%
Interest Expense -$14.00M -$14.00M -$28.00M
YoY Change -17.65% -50.0% -70.53%
% of Operating Profit -6.6% -11.48%
Other Income/Expense, Net $1.000M $4.000M $8.000M
YoY Change -75.0% -50.0% -138.1%
Pretax Income $318.0M $107.0M -$7.000M
YoY Change -354.4% -1628.57% -105.51%
Income Tax -$396.0M $0.00 $0.00
% Of Pretax Income -124.53% 0.0%
Net Earnings $714.0M $103.0M -$29.00M
YoY Change -680.49% -455.17% -130.85%
Net Earnings / Revenue 112.62% 17.52% -7.09%
Basic Earnings Per Share $1.26 $2.20
Diluted Earnings Per Share $8.480M $1.25 $2.20
COMMON SHARES
Basic Shares Outstanding 80.39M shares 81.60M shares 49.50M shares
Diluted Shares Outstanding 82.40M shares 49.50M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $305.0M $189.0M $122.0M
YoY Change 989.29% 54.92% 454.55%
Cash & Equivalents $305.0M $189.0M $122.0M
Short-Term Investments
Other Short-Term Assets $121.0M $94.00M $82.00M
YoY Change 18.63% 14.63% -52.87%
Inventory $60.00M $60.00M $61.00M
Prepaid Expenses $16.00M $13.00M $24.00M
Receivables $245.0M $261.0M $155.0M
Other Receivables $47.00M $37.00M $41.00M
Total Short-Term Assets $753.0M $657.0M $420.0M
YoY Change 46.21% 56.43% -17.65%
LONG-TERM ASSETS
Property, Plant & Equipment $2.642B $2.629B $4.403B
YoY Change -1.89% -40.29% -31.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $98.00M $98.00M $76.00M
YoY Change 8.89% 28.95% -37.7%
Total Long-Term Assets $3.093B $2.685B $4.436B
YoY Change 11.54% -39.47% -32.02%
TOTAL ASSETS
Total Short-Term Assets $753.0M $657.0M $420.0M
Total Long-Term Assets $3.093B $2.685B $4.436B
Total Assets $3.846B $3.342B $4.856B
YoY Change 16.97% -31.18% -30.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $266.0M $259.0M $221.0M
YoY Change 23.72% 17.19% -30.06%
Accrued Expenses $297.0M $299.0M $240.0M
YoY Change 28.57% 24.58% -21.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $854.0M $957.0M $1.194B
YoY Change 91.48% -19.85% 65.6%
LONG-TERM LIABILITIES
Long-Term Debt $589.0M $589.0M $0.00
YoY Change -18.53% -100.0%
Other Long-Term Liabilities $145.0M $163.0M $727.0M
YoY Change -46.1% -77.58% 7.07%
Total Long-Term Liabilities $734.0M $752.0M $727.0M
YoY Change -26.01% 3.44% 7.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $854.0M $957.0M $1.194B
Total Long-Term Liabilities $734.0M $752.0M $727.0M
Total Liabilities $1.588B $1.709B $1.921B
YoY Change 10.43% -11.04% 37.21%
SHAREHOLDERS EQUITY
Retained Earnings $475.0M -$225.0M -$7.466B
YoY Change -96.99% 40.79%
Common Stock $1.289B $1.287B $5.148B
YoY Change 2.79% -75.0% 2.96%
Preferred Stock
YoY Change
Treasury Stock (at cost) $148.0M $84.00M
YoY Change
Treasury Stock Shares 4.090M shares 2.592M shares
Shareholders Equity $1.688B $1.052B -$2.341B
YoY Change
Total Liabilities & Shareholders Equity $3.846B $3.342B $4.856B
YoY Change 16.97% -31.18% -30.97%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $714.0M $103.0M -$29.00M
YoY Change -680.49% -455.17% -130.85%
Depreciation, Depletion And Amortization $53.00M $54.00M $89.00M
YoY Change 55.88% -39.33% -24.58%
Cash From Operating Activities $204.0M $182.0M $48.00M
YoY Change -1800.0% 279.17% -82.09%
INVESTING ACTIVITIES
Capital Expenditures -$66.00M $51.00M $4.000M
YoY Change -1042.86% 1175.0% -103.28%
Acquisitions $53.00M $0.00
YoY Change
Other Investing Activities $56.00M $0.00 $0.00
YoY Change -5700.0% -100.0%
Cash From Investing Activities -$10.00M -$88.00M -$1.000M
YoY Change 42.86% 8700.0% -99.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $39.00M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -78.00M -$56.00M -$51.00M
YoY Change -50.0% 9.8% -66.45%
NET CHANGE
Cash From Operating Activities 204.0M $182.0M $48.00M
Cash From Investing Activities -10.00M -$88.00M -$1.000M
Cash From Financing Activities -78.00M -$56.00M -$51.00M
Net Change In Cash 116.0M $38.00M -$4.000M
YoY Change -166.29% -1050.0% -20.0%
FREE CASH FLOW
Cash From Operating Activities $204.0M $182.0M $48.00M
Capital Expenditures -$66.00M $51.00M $4.000M
Free Cash Flow $270.0M $131.0M $44.00M
YoY Change -1521.05% 197.73% -88.72%

Facts In Submission

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CY2020Q3 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
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us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
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us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable
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CY2021Q3 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
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us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
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CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2020Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q3 us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Profit Loss
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CY2021Q3 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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CY2020Q3 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax
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CY2020Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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CY2021Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Treasury Stock Value Acquired Cost Method
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ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
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us-gaap Depreciation Depletion And Amortization
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crc Proceeds Payments On Derivative Settlements To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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crc Proceeds Payments On Derivative Settlements To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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CY2021Q3 us-gaap Gains Losses On Extinguishment Of Debt
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CY2021Q3 crc Amortization Of Deferred Gains And Debt Issuance Cost
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AmortizationOfDeferredGainsAndDebtIssuanceCost
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crc Amortization Of Deferred Gains And Debt Issuance Cost
AmortizationOfDeferredGainsAndDebtIssuanceCost
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crc Amortization Of Deferred Gains And Debt Issuance Cost
AmortizationOfDeferredGainsAndDebtIssuanceCost
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CY2021Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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GainLossOnDispositionOfAssets1
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us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
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CY2021Q3 crc Reorganization Items Net Non Cash
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CY2020Q3 crc Reorganization Items Net Non Cash
ReorganizationItemsNetNonCash
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crc Reorganization Items Net Non Cash
ReorganizationItemsNetNonCash
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crc Reorganization Items Net Non Cash
ReorganizationItemsNetNonCash
125000000 USD
CY2021Q3 crc Reorganization Items Net Debtor In Possession Financing Costs
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ReorganizationItemsNetDebtorInPossessionFinancingCosts
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crc Reorganization Items Net Debtor In Possession Financing Costs
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NetCashProvidedByUsedInOperatingActivities
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NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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IncreaseDecreaseInCapitalInvestmentAccrual
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us-gaap Proceeds From Sale Of Productive Assets
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CY2021Q3 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2020Q3 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2020Q3 us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021Q3 crc Proceed From Debtor In Possession Financing
ProceedFromDebtorInPossessionFinancing
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ProceedFromDebtorInPossessionFinancing
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crc Proceed From Debtor In Possession Financing
ProceedFromDebtorInPossessionFinancing
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crc Proceed From Debtor In Possession Financing
ProceedFromDebtorInPossessionFinancing
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CY2020Q3 crc Payments For Debtor In Possession Financing
PaymentsForDebtorInPossessionFinancing
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crc Payments For Debtor In Possession Financing
PaymentsForDebtorInPossessionFinancing
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crc Payments For Debtor In Possession Financing
PaymentsForDebtorInPossessionFinancing
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CY2021Q3 crc Payments For Debtor In Possession Financing Costs
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CY2020Q3 crc Payments For Debtor In Possession Financing Costs
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crc Payments For Debtor In Possession Financing Costs
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CY2020Q3 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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us-gaap Proceeds From Issuance Of Senior Long Term Debt
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us-gaap Proceeds From Issuance Of Senior Long Term Debt
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CY2021Q3 us-gaap Repayments Of Subordinated Debt
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CY2020Q3 us-gaap Repayments Of Subordinated Debt
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us-gaap Repayments Of Subordinated Debt
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us-gaap Repayments Of Subordinated Debt
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us-gaap Payments Of Debt Extinguishment Costs
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us-gaap Payments Of Debt Extinguishment Costs
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CY2021Q3 us-gaap Payments For Repurchase Of Common Stock
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CY2020Q3 us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Proceeds From Warrant Exercises
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us-gaap Proceeds From Warrant Exercises
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CY2021Q3 us-gaap Proceeds From Minority Shareholders
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CY2020Q3 us-gaap Proceeds From Minority Shareholders
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us-gaap Proceeds From Minority Shareholders
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us-gaap Proceeds From Minority Shareholders
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us-gaap Payments Of Dividends Minority Interest
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us-gaap Payments Of Dividends Minority Interest
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CY2021Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2020Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2021Q3 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
38000000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
161000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
105000000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
151000000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
126000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17000000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
189000000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
122000000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
189000000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
122000000 USD
CY2021Q3 us-gaap Due From Joint Ventures
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37000000 USD
CY2020Q4 us-gaap Due From Joint Ventures
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42000000 USD
CY2021Q3 crc Receivables For Premiums On Derivative Contracts Current
ReceivablesForPremiumsOnDerivativeContractsCurrent
7000000 USD
CY2020Q4 crc Receivables For Premiums On Derivative Contracts Current
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0 USD
CY2021Q3 us-gaap Derivative Assets Current
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8000000 USD
CY2020Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
0 USD
CY2021Q3 us-gaap Prepaid Expense Current
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13000000 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
20000000 USD
CY2021Q3 crc Prepaid Green House Gas Allowances Current
PrepaidGreenHouseGasAllowancesCurrent
25000000 USD
CY2020Q4 crc Prepaid Green House Gas Allowances Current
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0 USD
CY2021Q3 us-gaap Other Assets Miscellaneous Current
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4000000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Current
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1000000 USD
CY2021Q3 us-gaap Other Assets Current
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94000000 USD
CY2020Q4 us-gaap Other Assets Current
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63000000 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
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42000000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
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38000000 USD
CY2021Q3 us-gaap Deferred Finance Costs Noncurrent Net
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12000000 USD
CY2020Q4 us-gaap Deferred Finance Costs Noncurrent Net
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17000000 USD
CY2021Q3 crc Emission Reduction Credits Noncurrent
EmissionReductionCreditsNoncurrent
11000000 USD
CY2020Q4 crc Emission Reduction Credits Noncurrent
EmissionReductionCreditsNoncurrent
11000000 USD
CY2021Q3 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
19000000 USD
CY2020Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
14000000 USD
CY2021Q3 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
2000000 USD
CY2020Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
0 USD
CY2021Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
12000000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
10000000 USD
CY2021Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
98000000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
90000000 USD
CY2021Q3 us-gaap Employee Related Liabilities Current
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62000000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
72000000 USD
CY2021Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current
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39000000 USD
CY2020Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
36000000 USD
CY2021Q3 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
51000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
50000000 USD
CY2021Q3 us-gaap Interest Payable Current
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8000000 USD
CY2020Q4 us-gaap Interest Payable Current
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1000000 USD
CY2021Q3 crc Lease Liability Current
LeaseLiabilityCurrent
8000000 USD
CY2020Q4 crc Lease Liability Current
LeaseLiabilityCurrent
7000000 USD
CY2021Q3 crc Premiums Received On Derivative Contracts Current
PremiumsReceivedOnDerivativeContractsCurrent
56000000 USD
CY2020Q4 crc Premiums Received On Derivative Contracts Current
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18000000 USD
CY2021Q3 us-gaap Settlement Liabilities Current
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37000000 USD
CY2020Q4 us-gaap Settlement Liabilities Current
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3000000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Current
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38000000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
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24000000 USD
CY2021Q3 us-gaap Accrued Liabilities Current
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299000000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
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211000000 USD
CY2021Q3 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
97000000 USD
CY2020Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
184000000 USD
CY2021Q3 crc Lease Liability Noncurrent
LeaseLiabilityNoncurrent
38000000 USD
CY2020Q4 crc Lease Liability Noncurrent
LeaseLiabilityNoncurrent
35000000 USD
CY2021Q3 crc Premiums Received On Derivative Contracts Noncurrent
PremiumsReceivedOnDerivativeContractsNoncurrent
14000000 USD
CY2020Q4 crc Premiums Received On Derivative Contracts Noncurrent
PremiumsReceivedOnDerivativeContractsNoncurrent
31000000 USD
CY2021Q3 us-gaap Other Accrued Liabilities Noncurrent
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14000000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
19000000 USD
CY2021Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
163000000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
269000000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
549000000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
312000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1459000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
987000000 USD
CY2021Q3 us-gaap Severance Costs1
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0 USD
CY2020Q3 us-gaap Severance Costs1
SeveranceCosts1
0 USD
us-gaap Severance Costs1
SeveranceCosts1
15000000 USD
us-gaap Severance Costs1
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0 USD
CY2021Q3 crc Deficiency Payment On Pipeline Delivery Contract
DeficiencyPaymentOnPipelineDeliveryContract
0 USD
CY2020Q3 crc Deficiency Payment On Pipeline Delivery Contract
DeficiencyPaymentOnPipelineDeliveryContract
0 USD
crc Deficiency Payment On Pipeline Delivery Contract
DeficiencyPaymentOnPipelineDeliveryContract
0 USD
crc Deficiency Payment On Pipeline Delivery Contract
DeficiencyPaymentOnPipelineDeliveryContract
20000000 USD
CY2021Q3 crc Idle Well Fees
IdleWellFees
0 USD
CY2020Q3 crc Idle Well Fees
IdleWellFees
0 USD
crc Idle Well Fees
IdleWellFees
6000000 USD
crc Idle Well Fees
IdleWellFees
4000000 USD
CY2021Q3 crc Power Plant Interruption
PowerPlantInterruption
0 USD
CY2020Q3 crc Power Plant Interruption
PowerPlantInterruption
0 USD
crc Power Plant Interruption
PowerPlantInterruption
0 USD
crc Power Plant Interruption
PowerPlantInterruption
7000000 USD
CY2021Q3 crc Ad Valorem Fees
AdValoremFees
0 USD
CY2020Q3 crc Ad Valorem Fees
AdValoremFees
4000000 USD
crc Ad Valorem Fees
AdValoremFees
0 USD
crc Ad Valorem Fees
AdValoremFees
4000000 USD
CY2021Q3 us-gaap Other Expenses
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CY2020Q3 us-gaap Other Expenses
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8000000 USD
us-gaap Other Expenses
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10000000 USD
us-gaap Other Expenses
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10000000 USD
CY2021Q3 us-gaap Other Operating Income Expense Net
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CY2020Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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crc Settlement Agreement With Joint Venture
SettlementAgreementWithJointVenture
138000000 USD
CY2021Q3 us-gaap Debtor Reorganization Items Gain Loss On Settlement Of Other Claims Net1
DebtorReorganizationItemsGainLossOnSettlementOfOtherClaimsNet1
0 USD
CY2020Q3 us-gaap Debtor Reorganization Items Gain Loss On Settlement Of Other Claims Net1
DebtorReorganizationItemsGainLossOnSettlementOfOtherClaimsNet1
125000000 USD
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
CY2021Q3 us-gaap Debtor Reorganization Items Legal And Advisory Professional Fees
DebtorReorganizationItemsLegalAndAdvisoryProfessionalFees
1000000 USD
CY2020Q3 us-gaap Debtor Reorganization Items Legal And Advisory Professional Fees
DebtorReorganizationItemsLegalAndAdvisoryProfessionalFees
34000000 USD
us-gaap Debtor Reorganization Items Legal And Advisory Professional Fees
DebtorReorganizationItemsLegalAndAdvisoryProfessionalFees
5000000 USD
us-gaap Debtor Reorganization Items Legal And Advisory Professional Fees
DebtorReorganizationItemsLegalAndAdvisoryProfessionalFees
34000000 USD
CY2021Q3 us-gaap Debtor Reorganization Items Debtor In Possession Facility Financing Costs
DebtorReorganizationItemsDebtorInPossessionFacilityFinancingCosts
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CY2020Q3 us-gaap Debtor Reorganization Items Debtor In Possession Facility Financing Costs
DebtorReorganizationItemsDebtorInPossessionFacilityFinancingCosts
25000000 USD
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
CY2021Q3 us-gaap Debtor Reorganization Items Other Expense Income
DebtorReorganizationItemsOtherExpenseIncome
1000000 USD
CY2020Q3 us-gaap Debtor Reorganization Items Other Expense Income
DebtorReorganizationItemsOtherExpenseIncome
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us-gaap Debtor Reorganization Items Other Expense Income
DebtorReorganizationItemsOtherExpenseIncome
5000000 USD
us-gaap Debtor Reorganization Items Other Expense Income
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us-gaap Income Taxes Paid
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CY2021Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2020Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2021Q3 us-gaap Interest Paid Net
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23000000 USD
CY2020Q3 us-gaap Interest Paid Net
InterestPaidNet
21000000 USD
us-gaap Interest Paid Net
InterestPaidNet
27000000 USD
us-gaap Interest Paid Net
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72000000 USD
CY2021Q3 crc Payments For Reorganization Items
PaymentsForReorganizationItems
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crc Payments For Reorganization Items
PaymentsForReorganizationItems
5000000 USD
CY2020Q3 crc Payments For Reorganization Items
PaymentsForReorganizationItems
7000000 USD
crc Payments For Reorganization Items
PaymentsForReorganizationItems
7000000 USD
CY2021Q3 crc Assets Acquisition Purchase Prices Adjustment
AssetsAcquisitionPurchasePricesAdjustment
2000000 USD
crc Assets Acquisition Purchase Prices Adjustment
AssetsAcquisitionPurchasePricesAdjustment
2000000 USD
CY2020Q3 crc Settlement Agreement With Joint Venture
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CY2021Q3 us-gaap Other Inventory Supplies
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55000000 USD
CY2020Q4 us-gaap Other Inventory Supplies
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58000000 USD
CY2021Q3 us-gaap Inventory Finished Goods
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5000000 USD
CY2020Q4 us-gaap Inventory Finished Goods
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3000000 USD
CY2021Q3 us-gaap Inventory Net
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60000000 USD
CY2020Q4 us-gaap Inventory Net
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61000000 USD
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
600000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
599000000 USD
CY2021Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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11000000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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2000000 USD
CY2021Q3 us-gaap Long Term Debt
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CY2020Q4 us-gaap Long Term Debt
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597000000 USD
CY2021Q3 us-gaap Long Term Debt Fair Value
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634000000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
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599000000 USD
CY2021Q3 us-gaap Proceeds From Sale Of Productive Assets
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11000000 USD
CY2021Q3 us-gaap Gain Loss On Sale Of Business
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us-gaap Proceeds From Sale Of Productive Assets
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13000000 USD
us-gaap Gain Loss On Sale Of Business
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4000000 USD
us-gaap Proceeds From Sale Of Productive Assets
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41000000 USD
us-gaap Gain Loss On Sale Of Business
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CY2020Q4 crc Number Of Offshore Platforms With Decommissioning Obligations Defaulted
NumberOfOffshorePlatformsWithDecommissioningObligationsDefaulted
2 platform
CY2020Q4 crc Offshore Platforms With Decommissioning Obligations Defaulted Ownership Percent
OffshorePlatformsWithDecommissioningObligationsDefaultedOwnershipPercent
0.375
CY2020Q4 crc Offshore Platforms With Decommissioning Obligations Defaulted Period Since Interest Sold
OffshorePlatformsWithDecommissioningObligationsDefaultedPeriodSinceInterestSold
P30Y
CY2021Q3 us-gaap Profit Loss
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107000000 USD
CY2020Q3 us-gaap Profit Loss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
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CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
22000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
13000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
97000000 USD
CY2021Q3 us-gaap Net Income Loss
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103000000 USD
CY2020Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2021Q3 crc Noncontrolling Interest In Net Income Loss Of Return
NoncontrollingInterestInNetIncomeLossOfReturn
0 USD
CY2020Q3 crc Noncontrolling Interest In Net Income Loss Of Return
NoncontrollingInterestInNetIncomeLossOfReturn
138000000 USD
crc Noncontrolling Interest In Net Income Loss Of Return
NoncontrollingInterestInNetIncomeLossOfReturn
0 USD
crc Noncontrolling Interest In Net Income Loss Of Return
NoncontrollingInterestInNetIncomeLossOfReturn
138000000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
103000000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
103000000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
109000000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
109000000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
81600000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49500000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49400000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82400000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49500000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49400000 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.26
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
0 USD
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.25
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-39.64
CY2021Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
4300000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
4300000 shares
CY2021Q3 crc Additional Potential Common Shares
AdditionalPotentialCommonShares
200000 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1250000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1250000 shares
CY2021Q3 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
1000000 USD
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
2000000 USD
CY2020Q3 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
0 USD
CY2020Q4 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
5000000 USD
CY2020Q3 crc Defined Benefit Plan Plan Assets Contributions By Employer Amount Deferred
DefinedBenefitPlanPlanAssetsContributionsByEmployerAmountDeferred
5000000 USD
CY2021Q3 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-82000000 USD
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2021Q3 crc Impairment Of Oil And Gas Properties Proved Properties
ImpairmentOfOilAndGasPropertiesProvedProperties
0 USD
CY2020Q3 crc Impairment Of Oil And Gas Properties Proved Properties
ImpairmentOfOilAndGasPropertiesProvedProperties
0 USD
crc Impairment Of Oil And Gas Properties Proved Properties
ImpairmentOfOilAndGasPropertiesProvedProperties
0 USD
crc Impairment Of Oil And Gas Properties Proved Properties
ImpairmentOfOilAndGasPropertiesProvedProperties
1487000000 USD
CY2021Q3 crc Impairment Of Oil And Gas Properties Unproved Properties
ImpairmentOfOilAndGasPropertiesUnprovedProperties
0 USD
CY2020Q3 crc Impairment Of Oil And Gas Properties Unproved Properties
ImpairmentOfOilAndGasPropertiesUnprovedProperties
0 USD
crc Impairment Of Oil And Gas Properties Unproved Properties
ImpairmentOfOilAndGasPropertiesUnprovedProperties
0 USD
crc Impairment Of Oil And Gas Properties Unproved Properties
ImpairmentOfOilAndGasPropertiesUnprovedProperties
228000000 USD
CY2021Q3 crc Unrecovered Capital Costs
UnrecoveredCapitalCosts
25000000 USD
CY2020Q3 crc Unrecovered Capital Costs
UnrecoveredCapitalCosts
0 USD
crc Unrecovered Capital Costs
UnrecoveredCapitalCosts
28000000 USD
crc Unrecovered Capital Costs
UnrecoveredCapitalCosts
21000000 USD
CY2021Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
25000000 USD
CY2020Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
28000000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1736000000 USD
CY2020Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
28000000 USD
us-gaap Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
3000000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1736000000 USD
crc Impairment Of Oil And Gas Properties Proved Properties
ImpairmentOfOilAndGasPropertiesProvedProperties
1487000000 USD
crc Impairment Of Oil And Gas Properties Unproved Properties
ImpairmentOfOilAndGasPropertiesUnprovedProperties
228000000 USD
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
32.39
CY2021Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
250000000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2600000 shares
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6000000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1000000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12000000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3000000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 USD
CY2020Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
84000000 USD
CY2020Q4 crc Plan Of Reorganization Common Stock Capital Shares Reserved For Future Issuance
PlanOfReorganizationCommonStockCapitalSharesReservedForFutureIssuance
4400000 shares
CY2020Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
36
CY2020Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P4Y
CY2021Q3 crc Stock Issued During Period Shares Warrant Exercises
StockIssuedDuringPeriodSharesWarrantExercises
47416 shares
crc Stock Issued During Period Shares Warrant Exercises
StockIssuedDuringPeriodSharesWarrantExercises
47416 shares
CY2021Q3 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
2000000 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
2000000 USD

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