What does CALIFORNIA — net tax credit carryforwards mean?

Represents the net balance of available tax credits for the California segment after accounting for any valuation allowances or usage limitations. This figure provides a realistic view of the tax-shielding capacity available to the segment from government-granted incentives. It is a key metric for analysts modeling the effective tax rate and cash tax obligations of the regional operations.

California Resources CRC CALIFORNIA — Net tax credit carryforwards

Similar metrics at other companies

NOVTCA — Operating Loss Carryforwards

$7.1M+9.2%

KLICTax credit carryforwards

$6.38M+15.2%

WINGCalifornia — Net income taxes paid - state

$604.25K—

MOVETax Credit Carryforward Valuation Allowance

$30.74M+8.0%

NOVTUS State Credits — Tax Credit Carryforward Amount

$2.7M+3.8%

MTCHTax Credit Carryforward Valuation Allowance

$161.21M+2.9%

Other financials

Income statement

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Revenue$119.0M-87.0%

Operating income-$711.0M-482%

Net income-$711.0M-718%

EPS (diluted)-$8.02-737%

Balance sheet

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Cash & equivalents$40.0M-81.3%

Total debt$1.4B+25.7%

Total equity$2.9B-17.0%

Total assets$7.1B+4.7%

Cash flow

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Operating cash flow$99.0M-46.8%

CapEx$131.0M+138%

Free cash flow-$32.0M-124%

Valuation

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Market cap$4.91B+54.1%

Profitability

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Operating margin-10.4%-32.6pp

Net margin-16.1%-29.8pp

FCF margin13.2%+0.8pp

Returns & leverage

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Return on equity-14.4%-32.3pp

Debt / equity0.5×+0.2×

Current ratio0.5×-0.3×

Where this comes from

Reported directly by California Resources in its filing.

Tagged under the XBRL concept us-gaap:DeferredTaxAssetsTaxCreditCarryforwards.

The official record: California Resources’s 10-K, filed March 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is California Resources's CALIFORNIA — net tax credit carryforwards?: California Resources (CRC) reported CALIFORNIA — net tax credit carryforwards of $8M in Q4 2025.
What does CALIFORNIA — net tax credit carryforwards mean?: Represents the net balance of available tax credits for the California segment after accounting for any valuation allowances or usage limitations. This figure provides a realistic view of the tax-shielding capacity available to the segment from government-granted incentives. It is a key metric for analysts modeling the effective tax rate and cash tax obligations of the regional operations.