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

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

Swipe to see the full flow
California Resources Corp cash flow reconciliation, Jan 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 (gain) loss from commodity derivatives → operating reconciliation: $672,000,000.00Depreciation, depletion and amortization → operating reconciliation: $264,000,000.00Other non-cash charges to income, net → operating reconciliation: $122,000,000.00Net loss on early extinguishment of debt → operating reconciliation: $49,000,000.00operating reconciliation → Net cash from operating activities: $362,000,000.00operating reconciliation → Net income (loss): $197,000,000.00operating reconciliation → Net settlements from commodity derivatives: $258,000,000.00operating reconciliation → Net changes in operating assets and liabilities: $185,000,000.00operating reconciliation → Deferred income tax (benefit) provision: $105,000,000.00Distribution from unconsolidated subsidiary → investing reconciliation: $10,000,000.00investing reconciliation → Capital investments: $280,000,000.00investing reconciliation → Changes in accrued capital investments: $12,000,000.00investing reconciliation → Other, net: $5,000,000.00investing reconciliation → Acquisitions: $2,000,000.00Net cash used in financing activities → financing reconciliation: $149,000,000.00Proceeds from Revolving Credit Facility → financing reconciliation: $745,000,000.00Proceeds from Senior Notes, net - 2035 Senior Notes → financing reconciliation: $543,000,000.00Proceeds from Senior Notes, net - 2034 Senior Notes → financing reconciliation: $347,000,000.00financing reconciliation → Redemption of Senior Notes - 2029 Senior Notes: $940,000,000.00financing reconciliation → Repayments of Revolving Credit Facility: $745,000,000.00financing reconciliation → Common stock dividends: $72,000,000.00financing reconciliation → Shares cancelled for taxes: $13,000,000.00financing reconciliation → Repurchases of common stock: $10,000,000.00financing reconciliation → Dividend equivalents on equity-settled awards: $2,000,000.00financing reconciliation → Debt issuance costs: $2,000,000.00Net cash used in investing activities → investing reconciliation: $289,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $132,000,000.00Net cash from operating activities → Cash sources and uses: $362,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $56,000,000.00Cash sources and uses → Net cash used in investing activities: $289,000,000.00Cash sources and uses → Net cash used in financing activities: $149,000,000.00Net income (loss): -$197,000,000.00Net income (loss)−$197.00 MDepreciation, depletion and amortization: $264,000,000.00Depreciation & amortization+$264.00 MDeferred income tax (benefit) provision: -$105,000,000.00Deferred income taxes−$105.00 MNet (gain) loss from commodity derivatives: $672,000,000.00Derivative gain & loss, net+$672.00 MNet settlements from commodity derivatives: -$258,000,000.00Commodity derivatives, net−$258.00 MNet loss on early extinguishment of debt: $49,000,000.00Debt extinguishment gain & loss+$49.00 MOther non-cash charges to income, net: $122,000,000.00Other non-cash items+$122.00 MNet changes in operating assets and liabilities: -$185,000,000.00Operating capital changes−$185.00 MNet cash from operating activities: $362,000,000.00Operating cash+$362.00 Moperating reconciliation: $1,107,000,000.00Proceeds from Revolving Credit Facility: $745,000,000.00Credit line borrowings+$745.00 MRepayments of Revolving Credit Facility: -$745,000,000.00Credit line repayments−$745.00 MProceeds from Senior Notes, net - 2034 Senior Notes: $347,000,000.00Senior debt issued: 2034+$347.00 MProceeds 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: -$940,000,000.00Early senior debt repaid: 2029−$940.00 MRepurchases of common stock: -$10,000,000.00Common stock repurchases−$10.00 MCommon stock dividends: -$72,000,000.00Common dividends paid−$72.00 MDividend equivalents on equity-settled awards: -$2,000,000.00Dividend equivalents paid−$2.00 MIssuance of common stock: $0.00Shares cancelled for taxes: -$13,000,000.00Stock-award tax withholding−$13.00 MDebt issuance costs: -$2,000,000.00Debt issuance costs−$2.00 MNet cash used in financing activities: -$149,000,000.00. Cash required to fund net payments.Financing cash−$149.00 Mfinancing reconciliation: $1,784,000,000.00Capital investments: -$280,000,000.00PP&E purchases−$280.00 MChanges in accrued capital investments: -$12,000,000.00Accrued capital investments−$12.00 MProceeds from asset divestitures: $0.00Acquisitions: -$2,000,000.00Other capital spending−$2.00 MDistribution from unconsolidated subsidiary: $10,000,000.00Equity-method return of capital+$10.00 MOther, net: -$5,000,000.00Other investing, net−$5.00 MNet cash used in investing activities: -$289,000,000.00. Cash required to fund net payments.Investing cash−$289.00 Minvesting reconciliation: $299,000,000.00Cash sources and uses: $494,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $132,000,000.00Beginning cash$132.00 MEnding cash: Cash, cash equivalents, and restricted cash: $56,000,000.00Ending cash$56.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsNet loss −$197.00M + net operating adjustments $559.00M = operating cash +$362.00MFree cash flow$82.00 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change−$76.00 MEnding cash − beginning cash
Chart details

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

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. 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 Dec 31, 2025
132,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
362,000,000 US dollars. Net cash provided.
Net income (loss)
negative 197,000,000 US dollars
Depreciation, depletion and amortization
264,000,000 US dollars
Deferred income tax (benefit) provision
negative 105,000,000 US dollars
Net (gain) loss from commodity derivatives
672,000,000 US dollars
Net settlements from commodity derivatives
negative 258,000,000 US dollars
Net loss on early extinguishment of debt
49,000,000 US dollars
Other non-cash charges to income, net
122,000,000 US dollars
Net changes in operating assets and liabilities
negative 185,000,000 US dollars
Investing activities
negative 289,000,000 US dollars. Net cash used.
Capital investments
negative 280,000,000 US dollars
Changes in accrued capital investments
negative 12,000,000 US dollars
Proceeds from asset divestitures
0 US dollars
Acquisitions
negative 2,000,000 US dollars
Distribution from unconsolidated subsidiary
10,000,000 US dollars
Other, net
negative 5,000,000 US dollars
Financing activities
negative 149,000,000 US dollars. Net cash used.
Proceeds from Revolving Credit Facility
745,000,000 US dollars
Repayments of Revolving Credit Facility
negative 745,000,000 US dollars
Proceeds from Senior Notes, net - 2034 Senior Notes
347,000,000 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 940,000,000 US dollars
Repurchases of common stock
negative 10,000,000 US dollars
Common stock dividends
negative 72,000,000 US dollars
Dividend equivalents on equity-settled awards
negative 2,000,000 US dollars
Issuance of common stock
0 US dollars
Shares cancelled for taxes
negative 13,000,000 US dollars
Debt issuance costs
negative 2,000,000 US dollars
Operating adjustment reconciliation
1,107,000,000 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
1,784,000,000 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
299,000,000 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
494,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 76,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
362,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
280,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
82,000,000 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 loss −$197.00M + net operating adjustments $559.00M = operating cash +$362.00M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • 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: 362,000,000 US dollars minus 280,000,000 US dollars equals 82,000,000 US dollars.
California Resources Corp (CRC) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!