$CRC
California Resources Corp

2023 Q1 Form 10-Q Financial Statement

#000160925323000040 Filed on May 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q1
Revenue $1.024B $153.0M
YoY Change 569.28% -57.85%
Cost Of Revenue $254.0M $182.0M
YoY Change 39.56% 10.98%
Gross Profit $770.0M -$29.00M
YoY Change -2755.17% -114.57%
Gross Profit Margin 75.2% -18.95%
Selling, General & Admin $65.00M $48.00M
YoY Change 35.42% 0.0%
% of Gross Profit 8.44%
Research & Development $1.000M $1.000M
YoY Change 0.0% -50.0%
% of Gross Profit 0.13%
Depreciation & Amortization $58.00M $49.00M
YoY Change 18.37% -5.77%
% of Gross Profit 7.53%
Operating Expenses $638.0M $396.0M
YoY Change 61.11% -9.17%
Operating Profit $393.0M -$189.0M
YoY Change -307.94% 158.9%
Interest Expense -$16.00M -$13.00M
YoY Change 23.08% 0.0%
% of Operating Profit -4.07%
Other Income/Expense, Net -$1.000M $1.000M
YoY Change -200.0% -200.0%
Pretax Income $376.0M -$201.0M
YoY Change -287.06% 125.84%
Income Tax $75.00M -$26.00M
% Of Pretax Income 19.95%
Net Earnings $301.0M -$175.0M
YoY Change -272.0% 86.17%
Net Earnings / Revenue 29.39% -114.38%
Basic Earnings Per Share $4.22 -$2.23
Diluted Earnings Per Share $4.09 -$2.23
COMMON SHARES
Basic Shares Outstanding 71.49M shares 78.50M shares
Diluted Shares Outstanding 73.50M shares 78.50M shares

Balance Sheet

Concept 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $477.0M $328.0M
YoY Change 45.43% 152.31%
Cash & Equivalents $477.0M $328.0M
Short-Term Investments
Other Short-Term Assets $139.0M $146.0M
YoY Change -4.79% 105.63%
Inventory $64.00M $56.00M
Prepaid Expenses $16.00M $18.00M
Receivables $249.0M $301.0M
Other Receivables $69.00M $62.00M
Total Short-Term Assets $972.0M $834.0M
YoY Change 16.55% 80.91%
LONG-TERM ASSETS
Property, Plant & Equipment $2.832B $2.684B
YoY Change 5.51% 0.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $14.00M
YoY Change
Other Assets $133.0M $126.0M
YoY Change 5.56% 34.04%
Total Long-Term Assets $3.028B $3.198B
YoY Change -5.32% 17.62%
TOTAL ASSETS
Total Short-Term Assets $972.0M $834.0M
Total Long-Term Assets $3.028B $3.198B
Total Assets $4.000B $4.032B
YoY Change -0.79% 26.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $260.0M $287.0M
YoY Change -9.41% 34.74%
Accrued Expenses $298.0M $362.0M
YoY Change -17.68% -11.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $717.0M $1.205B
YoY Change -40.5% 93.73%
LONG-TERM LIABILITIES
Long-Term Debt $592.0M $590.0M
YoY Change 0.34% 0.34%
Other Long-Term Liabilities $175.0M $178.0M
YoY Change -1.69% -79.98%
Total Long-Term Liabilities $767.0M $768.0M
YoY Change -0.13% -48.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $717.0M $1.205B
Total Long-Term Liabilities $767.0M $768.0M
Total Liabilities $1.484B $1.973B
YoY Change -24.78% -6.0%
SHAREHOLDERS EQUITY
Retained Earnings $1.219B $286.0M
YoY Change 326.22% -231.8%
Common Stock $1.312B $1.294B
YoY Change 1.39% 1.81%
Preferred Stock
YoY Change
Treasury Stock (at cost) $219.0M
YoY Change
Treasury Stock Shares 5.758M shares
Shareholders Equity $2.092B $1.433B
YoY Change
Total Liabilities & Shareholders Equity $4.000B $4.032B
YoY Change -0.79% 26.79%

Cashflow Statement

Concept 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $301.0M -$175.0M
YoY Change -272.0% 86.17%
Depreciation, Depletion And Amortization $58.00M $49.00M
YoY Change 18.37% -5.77%
Cash From Operating Activities $310.0M $160.0M
YoY Change 93.75% 8.84%
INVESTING ACTIVITIES
Capital Expenditures $47.00M $99.00M
YoY Change -52.53% 266.67%
Acquisitions $0.00 $17.00M
YoY Change -100.0%
Other Investing Activities $1.000M $46.00M
YoY Change -97.83%
Cash From Investing Activities -$61.00M -$53.00M
YoY Change 15.09% 165.0%
FINANCING ACTIVITIES
Cash Dividend Paid $20.00M $13.00M
YoY Change 53.85%
Common Stock Issuance & Retirement, Net $71.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$79.00M -$84.00M
YoY Change -5.95% 236.0%
NET CHANGE
Cash From Operating Activities $310.0M $160.0M
Cash From Investing Activities -$61.00M -$53.00M
Cash From Financing Activities -$79.00M -$84.00M
Net Change In Cash $170.0M $23.00M
YoY Change 639.13% -77.45%
FREE CASH FLOW
Cash From Operating Activities $310.0M $160.0M
Capital Expenditures $47.00M $99.00M
Free Cash Flow $263.0M $61.00M
YoY Change 331.15% -49.17%

Facts In Submission

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Files In Submission

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