← California Resources Corp
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $279.0m | ($266.0m) | $328.0m | ($28.0m) | $1.9b | $612.0m | $524.0m | $564.0m | $376.0m | $363.0m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $273.0m | ($266.0m) | $321.0m | ($28.0m) | $2.0b | $612.0m | $524.0m | $564.0m | $376.0m | $363.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | ($262.0m) | $429.0m | $99.0m | $2.0b | $625.0m | $524.0m | $564.0m | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | $4.0m | $101.0m | $127.0m | $107.0m | $13.0m | $0 | $0 | — | — | |
| Depreciation, Depletion and Amortization | $559.0m | $544.0m | $502.0m | $471.0m | $328.0m | $213.0m | $198.0m | $225.0m | $388.0m | $511.0m | |
| Deferred Income Tax Expense (Benefit) | ($78.0m) | — | — | $0 | $0 | ($396.0m) | $226.0m | $35.0m | $71.0m | $85.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $2.0m | $11.0m | $3.0m | $1.0m | $0 | $0 | $3.0m | $42.0m | $12.0m | |
| Share-based Payment Arrangement, Expense | $33.0m | $29.0m | $45.0m | $32.0m | — | $19.0m | $30.0m | $48.0m | $40.0m | $39.0m | |
| Operating Lease, Impairment Loss | — | — | — | $3.0m | $2.0m | $0 | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | $30.0m | $21.0m | $5.0m | $0 | $0 | $124.0m | $59.0m | $32.0m | $11.0m | ($1.0m) | |
| Gain (Loss) on Extinguishment of Debt | — | — | ($57.0m) | ($126.0m) | $5.0m | ($2.0m) | $0 | ($1.0m) | ($5.0m) | ($1.0m) | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | ($1.0m) | ($9.0m) | ($10.0m) | ($4.0m) | |
| Income Tax Expense (Benefit) | ($78.0m) | — | — | $1.0m | $0 | ($396.0m) | $237.0m | $184.0m | $140.0m | $139.0m | |
| Other Nonoperating Income (Expense) | $30.0m | — | — | — | — | — | $3.0m | $6.0m | ($2.0m) | $15.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | — | ($2.0m) | $6.0m | $0 | $1.0m | $0 | $0 | $12.0m | $1.0m | $6.0m | |
| Accretion Expense | — | — | — | — | — | $50.0m | $43.0m | $46.0m | $87.0m | $114.0m | |
| Asset Retirement Obligation, Accretion Expense | $22.0m | $25.0m | $27.0m | $36.0m | $33.0m | $50.0m | $43.0m | $46.0m | $84.0m | $113.0m | |
| Gain (Loss) on Sale of Derivatives | — | — | ($1.0m) | $59.0m | ($91.0m) | $676.0m | $551.0m | $20.0m | ($211.0m) | ($26.0m) | |
| Inventory Write-down | — | — | — | — | — | — | — | — | $13.0m | — | |
| Nonoperating Income (Expense) | — | ($325.0m) | — | ($329.0m) | — | — | — | ($60.0m) | ($104.0m) | ($96.0m) | |
| Operating Expenses | — | — | — | — | — | — | — | — | $2.6b | $3.1b | |
| Payments of Financing Costs | — | — | — | — | — | — | — | $8.0m | $18.0m | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | ($1.0m) | $59.0m | ($17.0m) | $676.0m | $551.0m | $20.0m | ($211.0m) | ($216.0m) | |
| Derivative, Gain (Loss) on Derivative, Net | ($283.0m) | ($83.0m) | $229.0m | ($170.0m) | $91.0m | ($676.0m) | ($551.0m) | ($20.0m) | $211.0m | $216.0m | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | ($206.0m) | ($90.0m) | $1.0m | ($59.0m) | $91.0m | ($676.0m) | ($551.0m) | ($12.0m) | $241.0m | $266.0m | |
| Other Operating Income (Expense), Net | — | ($106.0m) | ($399.0m) | ($363.0m) | ($89.0m) | ($29.0m) | ($48.0m) | ($66.0m) | ($183.0m) | ($209.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $130.0m | $248.0m | $461.0m | $676.0m | $118.0m | $660.0m | $690.0m | $653.0m | $610.0m | $865.0m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $75.0m | $371.0m | $690.0m | $455.0m | $40.0m | $194.0m | $379.0m | $185.0m | $255.0m | $322.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | $5.0m | $853.0m | $440.0m | |
| Payments for (Proceeds from) Other Investing Activities | — | — | $6.0m | $12.0m | $7.0m | $2.0m | $2.0m | $4.0m | $7.0m | $6.0m | |
| Net Cash Provided by (Used in) Investing Activities | ($61.0m) | ($313.0m) | ($1.2b) | ($394.0m) | ($30.0m) | ($161.0m) | ($317.0m) | ($175.0m) | ($1.1b) | ($725.0m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | $1.3b | — | $0 | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | $4.0m | $3.0m | $54.0m | $4.0m | $446.0m | $2.0m | $1.0m | $2.0m | $2.0m | $3.0m | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | $148.0m | $313.0m | $143.0m | $192.0m | $377.0m | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | $0 | $0 | $14.0m | $59.0m | $81.0m | $113.0m | $136.0m | |
| Proceeds from Noncontrolling Interests | — | $98.0m | $796.0m | $49.0m | $0 | $0 | $0 | — | — | — | |
| Payments of Dividends | — | — | — | — | — | — | $59.0m | $81.0m | $113.0m | $136.0m | |
| Net Cash Provided by (Used in) Financing Activities | ($69.0m) | $73.0m | $692.0m | ($282.0m) | $98.0m | ($222.0m) | ($371.0m) | ($289.0m) | $343.0m | ($380.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $8.0m | ($3.0m) | $0 | $186.0m | $277.0m | $2.0m | $189.0m | ($124.0m) | ($240.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $17.0m | $17.0m | $203.0m | $305.0m | $307.0m | $496.0m | $372.0m | $132.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $393.0m | $433.0m | $425.0m | $79.0m | $28.0m | $43.0m | — | $80.0m | $85.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.