California Resources (CRC) FY2024 results: revenue $3.2 billion, up 14.2% on the year
California Resources Corp. (CRC) reported revenue of $3.2 billion for fiscal 2024, the year ended 31 December 2024, up 14.2% on the year before. Net income was $376 million, down 33.3%, and diluted earnings per share $4.62. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2025.
Revenue
$3.2 billion
+14.2% on the year
FY2017FY2024
Operating margin
19.4%
28.8% a year earlier
FY2017FY2024
Net income
$376 million
-33.3% on the year
FY2017FY2024
Diluted EPS
$4.62
-40.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
610
653
690
-6.6%
Capital expenditure
255
185
379
+37.8%
Free cash flow
355
468
311
-24.1%
Free cash flow margin
11.1%
16.7%
11.5%
Cash from investing
-1,077
-175
-317
Cash from financing
343
-289
-371
Depreciation and amortisation
388
225
198
+72.4%
Share-based compensation
40.0
48.0
30.0
-16.7%
Buybacks
192
143
313
+34.3%
Dividends paid
113
81.0
59.0
+39.5%
Dividend per share
$1.40
$1.16
$0.79
+20.5%
Diluted shares, weighted
81m
72m
78m
+12.3%
Shares outstanding at period end
91m
69m
72m
+32.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
3,538
2,219
1,864
+59.4%
Debt
1,132
540
592
+109.6%
Operating lease liabilities
76.0
55.0
52.0
+38.2%
Finance lease liabilities
2.0
0.0
n/a
Other liabilities
2,387
1,184
1,459
+101.6%
Total liabilities and equity
7,135
3,998
3,967
+78.5%
Cash and equivalents
372
496
307
-25.0%
Receivables
330
216
326
+52.8%
Inventory
90.0
72.0
60.0
+25.0%
Other assets
6,343
3,214
3,274
+97.4%
Total assets
7,135
3,998
3,967
+78.5%
10-K for the year ended 31 December 2024, filed 3 March 2025: the filing.