California Historical Income Statement
| CRC Stock | USD 53.69 0.12 0.22% |
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
California Resources Corp Income Statement is one of the three primary financial statements used for reporting California's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of California Resources Corp revenue and expense. California Resources Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, California Resources' EBITDA is projected to decrease significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 486.3 M, whereas Depreciation And Amortization is forecasted to decline to about 257.4 M. Add Fundamental
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 tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At present, California Resources' EBITDA is projected to decrease significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 486.3 M, whereas Depreciation And Amortization is forecasted to decline to about 257.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.3B | 1.8B | 1.3B | 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
High Positive Relationship
High Negative Relationship
California Resources income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 471M | 1.7B | 213M | 198M | 271M | 257.5M | |
| 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 | 1.3B | 1.1B | |
| Other Operating Expenses | 2.2B | 1.7B | 1.7B | 2.0B | 1.9B | 1.8B | |
| Operating Income | (55M) | (1.9B) | 658M | 1.1B | 894M | 938.7M | |
| Ebit | (55M) | (1.9B) | 658M | 1.1B | 894M | 884.7M | |
| Ebitda | 416M | (188M) | 871M | 1.3B | 1.2B | 1.5B | |
| Cost Of Revenue | 1.5B | 1.3B | 1.3B | 1.5B | 1.5B | 1.3B | |
| Total Operating Expenses | 745M | 407M | 402M | 479M | 432M | 486.3M | |
| 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 | 3.8B | (429M) | (349M) | (146M) | (153.3M) | |
| 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 |
Pair Trading with California Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if California Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in California Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with California Stock
| 0.7 | AR | Antero Resources Corp Earnings Call This Week | PairCorr |
| 0.75 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.66 | SD | SandRidge Energy | PairCorr |
| 0.72 | SM | SM Energy Earnings Call This Week | PairCorr |
Moving against California Stock
| 0.62 | VIVK | Vivakor Report 23rd of May 2024 | PairCorr |
| 0.61 | EP | Empire Petroleum Corp Downward Rally | PairCorr |
The ability to find closely correlated positions to California Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace California Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back California Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling California Resources Corp to buy it.
The correlation of California Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as California Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if California Resources Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for California Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for California Stock analysis
When running California Resources' price analysis, check to measure California Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy California Resources is operating at the current time. Most of California Resources' value examination focuses on studying past and present price action to predict the probability of California Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move California Resources' price. Additionally, you may evaluate how the addition of California Resources to your portfolios can decrease your overall portfolio volatility.
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Is California Resources' industry 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 1.36 | Dividend Share 1.158 | Earnings Share 7.78 | Revenue Per Share 39.756 | Quarterly Revenue Growth (0.28) |
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.