California Resources Corp (CRC) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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California Resources Corp cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income (loss) → Net cash from operating activities: $263,000,000.00Net income (loss) → Operating adjustments reconciliation: $251,000,000.00Depreciation, depletion and amortization → Operating adjustments reconciliation: $131,000,000.00Other non-cash charges to income, net → Operating adjustments reconciliation: $72,000,000.00Net loss on early extinguishment of debt → Operating adjustments reconciliation: $28,000,000.00Operating adjustments reconciliation → Net (gain) loss from commodity derivatives: $200,000,000.00Operating adjustments reconciliation → Net settlements from commodity derivatives: $190,000,000.00Operating adjustments reconciliation → Deferred income tax (benefit) provision: $55,000,000.00Operating adjustments reconciliation → Net changes in operating assets and liabilities: $37,000,000.00investing reconciliation → Capital investments: $149,000,000.00investing reconciliation → Changes in accrued capital investments: $2,000,000.00investing reconciliation → Other, net: $2,000,000.00Net cash used in financing activities → financing reconciliation: $94,000,000.00Proceeds from Senior Notes, net - 2035 Senior Notes → financing reconciliation: $543,000,000.00Proceeds from Revolving Credit Facility → financing reconciliation: $500,000,000.00financing reconciliation → Redemption of Senior Notes - 2029 Senior Notes: $573,000,000.00financing reconciliation → Repayments of Revolving Credit Facility: $525,000,000.00financing reconciliation → Common stock dividends: $36,000,000.00financing reconciliation → Debt issuance costs: $2,000,000.00financing reconciliation → Shares cancelled for taxes: $1,000,000.00Net cash used in investing activities → investing reconciliation: $153,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $40,000,000.00Net cash from operating activities → Cash sources and uses: $263,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $56,000,000.00Cash sources and uses → Net cash used in investing activities: $153,000,000.00Cash sources and uses → Net cash used in financing activities: $94,000,000.00Net income (loss): $514,000,000.00Net income (loss)+$514.00 MDepreciation, depletion and amortization: $131,000,000.00Depreciation & amortization+$131.00 MDeferred income tax (benefit) provision: -$55,000,000.00Deferred income taxes−$55.00 MNet (gain) loss from commodity derivatives: -$200,000,000.00Derivative gain & loss, net−$200.00 MNet settlements from commodity derivatives: -$190,000,000.00Commodity derivatives, net−$190.00 MNet loss on early extinguishment of debt: $28,000,000.00Debt extinguishment gain & loss+$28.00 MOther non-cash charges to income, net: $72,000,000.00Other non-cash items+$72.00 MNet changes in operating assets and liabilities: -$37,000,000.00Operating capital changes−$37.00 MNet cash from operating activities: $263,000,000.00Operating cash+$263.00 MOperating adjustments reconciliation: $482,000,000.00Proceeds from Revolving Credit Facility: $500,000,000.00Credit line borrowings+$500.00 MRepayments of Revolving Credit Facility: -$525,000,000.00Credit line repayments−$525.00 MProceeds from Senior Notes, net - 2034 Senior Notes: $0.00Proceeds from Senior Notes, net - 2035 Senior Notes: $543,000,000.00Senior debt issued: 2035+$543.00 MRedemption of Senior Notes - 2026 Senior Notes: $0.00Redemption of Senior Notes - 2029 Senior Notes: -$573,000,000.00Early senior debt repaid: 2029−$573.00 MRepurchases of common stock: $0.00Common stock dividends: -$36,000,000.00Common dividends paid−$36.00 MDividend equivalents on equity-settled awards: $0.00Issuance of common stock: $0.00Shares cancelled for taxes: -$1,000,000.00Stock-award tax withholding−$1.00 MDebt issuance costs: -$2,000,000.00Debt issuance costs−$2.00 MNet cash used in financing activities: -$94,000,000.00. Cash required to fund net payments.Financing cash−$94.00 Mfinancing reconciliation: $1,137,000,000.00Capital investments: -$149,000,000.00PP&E purchases−$149.00 MChanges in accrued capital investments: -$2,000,000.00Accrued capital investments−$2.00 MProceeds from asset divestitures: $0.00Acquisitions: $0.00Distribution from unconsolidated subsidiary: $0.00Other, net: -$2,000,000.00Other investing, net−$2.00 MNet cash used in investing activities: -$153,000,000.00. Cash required to fund net payments.Investing cash−$153.00 Minvesting reconciliation: $153,000,000.00Cash sources and uses: $303,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $40,000,000.00Beginning cash$40.00 MEnding cash: Cash, cash equivalents, and restricted cash: $56,000,000.00Ending cash$56.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$114.00 MOperating cash − cash spent on PP&ECash flow / Net income0.51×Operating cash flow ÷ net incomeNet cash change+$16.00 MEnding cash − beginning cash
Chart details

California Resources Corp cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
40,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
263,000,000 US dollars. Net cash provided.
Net income (loss)
514,000,000 US dollars
Depreciation, depletion and amortization
131,000,000 US dollars
Deferred income tax (benefit) provision
negative 55,000,000 US dollars
Net (gain) loss from commodity derivatives
negative 200,000,000 US dollars
Net settlements from commodity derivatives
negative 190,000,000 US dollars
Net loss on early extinguishment of debt
28,000,000 US dollars
Other non-cash charges to income, net
72,000,000 US dollars
Net changes in operating assets and liabilities
negative 37,000,000 US dollars
Investing activities
negative 153,000,000 US dollars. Net cash used.
Capital investments
negative 149,000,000 US dollars
Changes in accrued capital investments
negative 2,000,000 US dollars
Proceeds from asset divestitures
0 US dollars
Acquisitions
0 US dollars
Distribution from unconsolidated subsidiary
0 US dollars
Other, net
negative 2,000,000 US dollars
Financing activities
negative 94,000,000 US dollars. Net cash used.
Proceeds from Revolving Credit Facility
500,000,000 US dollars
Repayments of Revolving Credit Facility
negative 525,000,000 US dollars
Proceeds from Senior Notes, net - 2034 Senior Notes
0 US dollars
Proceeds from Senior Notes, net - 2035 Senior Notes
543,000,000 US dollars
Redemption of Senior Notes - 2026 Senior Notes
0 US dollars
Redemption of Senior Notes - 2029 Senior Notes
negative 573,000,000 US dollars
Repurchases of common stock
0 US dollars
Common stock dividends
negative 36,000,000 US dollars
Dividend equivalents on equity-settled awards
0 US dollars
Issuance of common stock
0 US dollars
Shares cancelled for taxes
negative 1,000,000 US dollars
Debt issuance costs
negative 2,000,000 US dollars
Operating adjustment reconciliation
482,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
1,137,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
153,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
56,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
303,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
16,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.51×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
263,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
149,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
114,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $263.00M of net income directly to operating cash and $251.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 263,000,000 US dollars minus 149,000,000 US dollars equals 114,000,000 US dollars.
California Resources Corp (CRC) FY2026 Q2 Statement of Cash Flows Sankey chart
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