California Resources (CRC) Financials

California Resources Corp (CRC) is a company that operates in the oil and gas industry. It provides exploration, production, and marketing of crude oil, natural gas, and natural gas liquids. With operations primarily in California, CRC has built a strong portfolio of assets that includes onshore and offshore properties. The company's financials showcase its performance and strength in the industry. Its income statement reflects the revenue, expenses, and net income. CRC's EBIT, or earnings before interest and taxes, is a measure of its operating profitability. EBITDA, or earnings before interest, taxes, depreciation, and amortization, provides further insight into its financial health.

CRC's gross profit, which is calculated by subtracting the cost of goods sold from the revenue, demonstrates its ability to generate revenue after covering production costs. Net income from stockholders represents the profit that CRC earns on behalf of its shareholders. Total revenue includes the sales from its various business activities. The company's balance sheet summarizes its financial position, including its assets, liabilities, and stockholders' equity. Cash equivalents, which are short-term investments readily convertible to cash, highlight CRC's liquidity position.

Net debt, calculated by subtracting cash and cash equivalents from total debt, denotes the company's overall debt burden. Stockholders' equity represents the residual interest in CRC's assets after deducting liabilities. Total assets encompass both current and non-current assets that help generate future economic benefits. Total debt reveals the amount of money that CRC owes to external parties. Total liabilities include the company's financial obligations and claims against its assets.

CRC's cash flow statement presents the inflows and outflows of cash from its operating, investing, and financing activities. Operating cash flow reflects the cash generated from its core business operations. Financing cash flow depicts the cash flow resulting from activities such as debt and equity financing. Free cash flow measures the cash available after capital expenditures that can be used for various purposes. Investing cash flow shows the cash flow associated with investments in fixed assets, acquisitions, or divestitures.

In summary, California Resources Corp (CRC) is a significant player in the oil and gas industry, with a strong financial performance and a diverse portfolio of assets. Its income statement, balance sheet, and cash flow statement provide valuable insights into its financial position, profitability, and liquidity. The company's ability to generate revenue, control costs, and manage its debt highlights its operational and financial strength.