$CRC
California Resources Corp

2024 Q1 Form 10-Q Financial Statement

#000160925324000080 Filed on May 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q1
Revenue $454.0M
YoY Change -55.66%
Cost Of Revenue $176.0M
YoY Change -30.71%
Gross Profit $278.0M
YoY Change -63.9%
Gross Profit Margin 61.23%
Selling, General & Admin $57.00M
YoY Change -12.31%
% of Gross Profit 20.5%
Research & Development $1.000M
YoY Change 0.0%
% of Gross Profit 0.36%
Depreciation & Amortization $53.00M
YoY Change -8.62%
% of Gross Profit 19.06%
Operating Expenses $464.0M
YoY Change -27.27%
Operating Profit -$4.000M
YoY Change -101.02%
Interest Expense -$16.00M
YoY Change 0.0%
% of Operating Profit
Other Income/Expense, Net -$15.00M
YoY Change 1400.0%
Pretax Income -$19.00M
YoY Change -105.05%
Income Tax -$9.000M
% Of Pretax Income
Net Earnings -$10.00M
YoY Change -103.32%
Net Earnings / Revenue -2.2%
Basic Earnings Per Share -$0.14
Diluted Earnings Per Share -$0.14
COMMON SHARES
Basic Shares Outstanding 69.27M shares
Diluted Shares Outstanding 69.00M shares

Balance Sheet

Concept 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $403.0M
YoY Change -15.51%
Cash & Equivalents $403.0M
Short-Term Investments
Other Short-Term Assets $95.00M
YoY Change -31.65%
Inventory $70.00M
Prepaid Expenses $29.00M
Receivables $192.0M
Other Receivables $66.00M
Total Short-Term Assets $839.0M
YoY Change -13.68%
LONG-TERM ASSETS
Property, Plant & Equipment $2.878B
YoY Change 1.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $16.00M
YoY Change 14.29%
Other Assets $123.0M
YoY Change -7.52%
Total Long-Term Assets $3.071B
YoY Change 1.42%
TOTAL ASSETS
Total Short-Term Assets $839.0M
Total Long-Term Assets $3.071B
Total Assets $3.910B
YoY Change -2.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $251.0M
YoY Change -3.46%
Accrued Expenses $338.0M
YoY Change 13.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $594.0M
YoY Change -17.15%
LONG-TERM LIABILITIES
Long-Term Debt $541.0M
YoY Change -8.61%
Other Long-Term Liabilities $253.0M
YoY Change 44.57%
Total Long-Term Liabilities $794.0M
YoY Change 3.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $594.0M
Total Long-Term Liabilities $794.0M
Total Liabilities $1.388B
YoY Change -6.47%
SHAREHOLDERS EQUITY
Retained Earnings $1.387B
YoY Change 13.78%
Common Stock $1.296B
YoY Change -1.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.093B
YoY Change
Total Liabilities & Shareholders Equity $3.910B
YoY Change -2.25%

Cashflow Statement

Concept 2024 Q1
OPERATING ACTIVITIES
Net Income -$10.00M
YoY Change -103.32%
Depreciation, Depletion And Amortization $53.00M
YoY Change -8.62%
Cash From Operating Activities $87.00M
YoY Change -71.94%
INVESTING ACTIVITIES
Capital Expenditures $54.00M
YoY Change 14.89%
Acquisitions
YoY Change
Other Investing Activities $1.000M
YoY Change 0.0%
Cash From Investing Activities -$49.00M
YoY Change -19.67%
FINANCING ACTIVITIES
Cash Dividend Paid $21.00M
YoY Change 5.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$131.0M
YoY Change 65.82%
NET CHANGE
Cash From Operating Activities $87.00M
Cash From Investing Activities -$49.00M
Cash From Financing Activities -$131.0M
Net Change In Cash -$93.00M
YoY Change -154.71%
FREE CASH FLOW
Cash From Operating Activities $87.00M
Capital Expenditures $54.00M
Free Cash Flow $33.00M
YoY Change -87.45%

Facts In Submission

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