XML 31 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Condensed Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
CASH FLOW FROM OPERATING ACTIVITIES    
Net income / (loss) $ (100)us-gaap_NetIncomeLoss $ 223us-gaap_NetIncomeLoss
Adjustments to reconcile net income / (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 253us-gaap_DepreciationDepletionAndAmortization 289us-gaap_DepreciationDepletionAndAmortization
Deferred income tax expenses/(benefit) (69)us-gaap_DeferredIncomeTaxExpenseBenefit 119us-gaap_DeferredIncomeTaxExpenseBenefit
Other noncash charges to income 26us-gaap_OtherNoncashExpense 14us-gaap_OtherNoncashExpense
Dry hole expenses 6us-gaap_ExplorationAbandonmentAndImpairmentExpense 24us-gaap_ExplorationAbandonmentAndImpairmentExpense
Changes in operating assets and liabilities, net (1)us-gaap_IncreaseDecreaseInOperatingCapital 71us-gaap_IncreaseDecreaseInOperatingCapital
Net cash provided by operating activities 115us-gaap_NetCashProvidedByUsedInOperatingActivities 740us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOW FROM INVESTING ACTIVITIES    
Capital investments (133)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (475)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Changes in capital investment accruals (173)crc_IncreaseDecreaseInCapitalInvestmentAccrual (24)crc_IncreaseDecreaseInCapitalInvestmentAccrual
Acquisitions and other (7)crc_PurchaseOfAssetsNet (2)crc_PurchaseOfAssetsNet
Net cash used by investing activities (313)us-gaap_NetCashProvidedByUsedInInvestingActivities (501)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOW FROM FINANCING ACTIVITIES    
Proceeds from revolving credit facility 757us-gaap_ProceedsFromLinesOfCredit  
Repayments of revolving credit facility (547)us-gaap_RepaymentsOfLinesOfCredit  
Proceeds from issuance of common stock 2us-gaap_ProceedsFromIssuanceOfCommonStock  
Distributions to Occidental, net   (239)us-gaap_PaymentsOfDistributionsToAffiliates
Net cash provided / (used) by financing activities 212us-gaap_NetCashProvidedByUsedInFinancingActivities (239)us-gaap_NetCashProvidedByUsedInFinancingActivities
Increase in cash and cash equivalents 14us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease  
Cash and cash equivalents - beginning of period 14us-gaap_CashAndCashEquivalentsAtCarryingValue   
Cash and cash equivalents - end of period $ 28us-gaap_CashAndCashEquivalentsAtCarryingValue