California Historical Income Statement
| CRC Stock | USD 58.47 0.09 0.15% |
Historical analysis of California Resources income statement accounts such as Interest Expense of 53.2 M, Selling General Administrative of 222.3 M or Total Revenue of 2.4 B can show how well California Resources Corp performed in making a profits. Evaluating California Resources income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of California Resources's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining California Resources Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether California Resources Corp is a good buy for the upcoming year.
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About California Income Statement Analysis
California Resources Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to California Resources shareholders. The income statement also shows California investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
California Resources Income Statement Chart
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Total Revenue
Total revenue comprises all receipts California Resources Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of California Resources Corp minus its cost of goods sold. It is profit before California Resources operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of California Resources Corp. It is also known as California Resources overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from California Resources' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into California Resources Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in California Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. At present, California Resources' EBIT is projected to decrease significantly based on the last few years of reporting. The current year's EBITDA is expected to grow to about 1.6 B, whereas Depreciation And Amortization is forecasted to decline to about 213.8 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.3B | 1.8B | 1.4B | 1.1B | Total Revenue | 2.6B | 3.3B | 2.8B | 2.4B |
California Resources income statement Correlations
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California Resources Account Relationship Matchups
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California Resources income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 514M | 362M | 263M | 241M | 225M | 213.8M | |
| Interest Expense | 383M | 217M | 54M | 53M | 56M | 53.2M | |
| Selling General Administrative | 290M | 252M | 200M | 222M | 267M | 222.3M | |
| Total Revenue | 2.7B | 1.6B | 2.6B | 3.3B | 2.8B | 2.4B | |
| Gross Profit | 1.2B | 308M | 1.3B | 1.8B | 1.4B | 1.1B | |
| Other Operating Expenses | 2.2B | 1.7B | 1.7B | 2.0B | 2.0B | 1.8B | |
| Operating Income | (55M) | (1.9B) | 658M | 1.1B | 808M | 848.4M | |
| Ebit | (98M) | 2.1B | 608M | 1.1B | 850M | 1.1B | |
| Ebitda | 416M | 2.5B | 871M | 1.3B | 1.1B | 1.6B | |
| Cost Of Revenue | 1.5B | 1.3B | 1.3B | 1.5B | 1.4B | 1.3B | |
| Total Operating Expenses | 745M | 407M | 402M | 479M | 597M | 496.4M | |
| Income Before Tax | 100M | 1.9B | 229M | 761M | 748M | 785.4M | |
| Net Income | 99M | 3.3B | 612M | 524M | 564M | 592.2M | |
| Income Tax Expense | 1M | (1.5B) | (396M) | 237M | 184M | 193.2M | |
| Total Other Income Expense Net | 155M | 2.0B | (64M) | (51M) | (60M) | (63M) | |
| Interest Income | 379M | 383M | 217M | 54M | 48.6M | 46.2M | |
| Net Income Applicable To Common Shares | (28M) | 1.9B | 612M | 524M | 602.6M | 632.7M | |
| Net Interest Income | (383M) | (217M) | (54M) | (53M) | (57M) | (59.9M) | |
| Net Income From Continuing Ops | 99M | 1.9B | 625M | 524M | 459M | 553.3M | |
| Reconciled Depreciation | 471M | 410M | 213M | 198M | 219M | 292.2M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether California Resources Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of California Resources' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of California Resources Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on California Resources Corp Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in California Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of California Resources. If investors know California will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about California Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.92) | Dividend Share 1.318 | Earnings Share 7.02 | Revenue Per Share 35.122 | Quarterly Revenue Growth 0.502 |
The market value of California Resources Corp is measured differently than its book value, which is the value of California that is recorded on the company's balance sheet. Investors also form their own opinion of California Resources' value that differs from its market value or its book value, called intrinsic value, which is California Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because California Resources' market value can be influenced by many factors that don't directly affect California Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between California Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if California Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, California Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.