See more : Vista Group International Limited (VGL.NZ) Income Statement Analysis – Financial Results
Complete financial analysis of Cleveland-Cliffs Inc. (CLF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Cleveland-Cliffs Inc., a leading company in the Steel industry within the Basic Materials sector.
You may be interested
- Guoanda Co., Ltd. (300902.SZ) Income Statement Analysis – Financial Results
- Yayla Enerji Üretim Turizm ve Insaat Ticaret A.S. (YAYLA.IS) Income Statement Analysis – Financial Results
- Bethel Automotive Safety Systems Co., Ltd (603596.SS) Income Statement Analysis – Financial Results
- CPI Aerostructures, Inc. (CVU) Income Statement Analysis – Financial Results
- Golden Falcon Acquisition Corp. (GFX-UN) Income Statement Analysis – Financial Results
Cleveland-Cliffs Inc. (CLF)
About Cleveland-Cliffs Inc.
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers carbon steel products, such as hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel products; stainless steel products; plates; and grain oriented and non-oriented electrical steel products. It also provides tubular components, including carbon steel, stainless steel, and electric resistance welded tubing. In addition, the company offers tinplate products, such as electrolytic tin coated and chrome coated sheet, and tin mill products; tooling and sampling; raw materials; ingots, rolled blooms, and cast blooms; and hot-briquetted iron products. Further, it owns five iron ore mines in Minnesota and Michigan. The company serves automotive, infrastructure and manufacturing, distributors and converters, and steel producers. Cleveland-Cliffs Inc. was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. The company was founded in 1847 and is headquartered in Cleveland, Ohio.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 22.00B | 22.99B | 20.44B | 5.35B | 1.99B | 2.33B | 2.33B | 2.11B | 2.01B | 4.62B | 5.69B | 5.87B | 6.79B | 4.68B | 2.34B | 3.61B | 2.28B | 1.92B | 1.74B | 1.21B | 857.70M | 598.60M | 330.40M | 430.10M | 361.40M | 493.80M | 438.90M | 503.20M | 460.70M | 388.90M | 355.90M | 310.70M | 317.40M | 309.90M | 350.50M | 393.30M | 363.20M | 266.80M | 326.40M |
| Cost of Revenue | 20.61B | 20.47B | 15.91B | 5.10B | 1.41B | 1.52B | 1.82B | 1.72B | 1.78B | 4.17B | 4.54B | 4.70B | 4.11B | 3.16B | 2.03B | 2.45B | 1.81B | 1.51B | 1.35B | 1.06B | 835.00M | 582.70M | 401.80M | 354.60M | 296.50M | 377.70M | 335.60M | 375.30M | 339.60M | 285.50M | 239.30M | 227.00M | 239.30M | 249.90M | 224.90M | 279.00M | 329.20M | 283.70M | 273.00M |
| Gross Profit | 1.39B | 2.52B | 4.53B | 252.00M | 575.70M | 809.60M | 509.60M | 389.30M | 236.50M | 451.40M | 1.15B | 1.17B | 2.69B | 1.52B | 308.90M | 1.16B | 462.00M | 414.00M | 389.00M | 149.90M | 22.70M | 15.90M | -71.40M | 75.50M | 64.90M | 116.10M | 103.30M | 127.90M | 121.10M | 103.40M | 116.60M | 83.70M | 78.10M | 60.00M | 125.60M | 114.30M | 34.00M | -16.90M | 53.40M |
| Gross Profit Ratio | 6.32% | 10.95% | 22.18% | 4.71% | 28.93% | 34.71% | 21.87% | 18.46% | 11.75% | 9.76% | 20.19% | 19.96% | 39.57% | 32.54% | 13.19% | 32.13% | 20.31% | 21.54% | 22.36% | 12.42% | 2.65% | 2.66% | -21.61% | 17.55% | 17.96% | 23.51% | 23.54% | 25.42% | 26.29% | 26.59% | 32.76% | 26.94% | 24.61% | 19.36% | 35.83% | 29.06% | 9.36% | -6.33% | 16.36% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 577.00M | 465.00M | 422.00M | 244.00M | 119.40M | 116.80M | 105.80M | 117.80M | 110.00M | 208.70M | 231.60M | 282.50M | 274.40M | 238.00M | -120.70M | 186.40M | 114.20M | 64.00M | 47.90M | 37.60M | 25.10M | 23.80M | 21.00M | 18.70M | 16.10M | 18.70M | 17.10M | 16.70M | 15.10M | 15.90M | 15.20M | 16.60M | 19.70M | 15.20M | 17.90M | 22.00M | 18.90M | 17.30M | 14.90M |
| Other Expenses | 137.00M | 110.00M | 80.00M | 60.00M | 27.00M | 17.20M | 3.20M | 400.00K | -2.60M | 26.80M | 900.00K | 2.70M | 80.50M | 20.50M | -42.00M | -47.40M | -30.60M | -11.70M | -1.10M | 141.40M | 32.80M | 67.90M | 0.00 | 25.60M | 22.50M | 20.30M | 18.90M | 17.60M | 16.80M | 14.40M | 13.50M | 14.10M | 16.00M | 14.60M | 15.00M | 20.30M | 2.70M | 17.20M | 18.10M |
| Operating Expenses | 714.00M | 575.00M | 502.00M | 304.00M | 146.40M | 136.40M | 78.10M | 148.50M | 81.90M | 443.80M | 227.50M | 431.00M | 354.90M | 258.50M | -78.70M | 220.80M | 83.60M | 52.30M | 46.80M | 179.00M | 25.10M | 23.80M | 21.00M | 44.30M | 38.60M | 39.00M | 36.00M | 34.30M | 31.90M | 30.30M | 28.70M | 30.70M | 35.70M | 29.80M | 32.90M | 42.30M | 21.60M | 34.50M | 33.00M |
| Cost & Expenses | 21.32B | 21.05B | 16.41B | 5.41B | 1.56B | 1.66B | 1.90B | 1.87B | 1.86B | 4.62B | 4.77B | 5.13B | 4.46B | 3.42B | 1.95B | 2.67B | 1.90B | 1.56B | 1.40B | 1.24B | 860.10M | 606.50M | 422.80M | 398.90M | 335.10M | 416.70M | 371.60M | 409.60M | 371.50M | 315.80M | 268.00M | 257.70M | 275.00M | 279.70M | 257.80M | 321.30M | 350.80M | 318.20M | 306.00M |
| Interest Income | 0.00 | 276.00M | 337.00M | 238.00M | 101.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.50M | 9.90M | 10.80M | 26.20M | 0.00 | 0.00 | 0.00 | 0.00 | 10.60M | 4.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 289.00M | 276.00M | 337.00M | 238.00M | 101.20M | 118.90M | 132.00M | 200.50M | 228.50M | 185.20M | 179.10M | 195.60M | 216.50M | 69.70M | 39.00M | 39.80M | 0.00 | 0.00 | 0.00 | 0.00 | 4.60M | 6.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 973.00M | 1.03B | 904.00M | 308.00M | 85.10M | 89.00M | 87.70M | 115.40M | 134.00M | 504.00M | 593.30M | 525.80M | 426.90M | 322.30M | 236.60M | 201.10M | 107.20M | 83.30M | 52.80M | 29.30M | 29.00M | 33.90M | 26.20M | 25.60M | 22.50M | 20.30M | 18.90M | 17.60M | 16.80M | 14.40M | 13.50M | 14.10M | 16.00M | 14.60M | 15.00M | 20.30M | 2.70M | 17.20M | 18.10M |
| EBITDA | 1.86B | 3.11B | 5.04B | 310.00M | 498.40M | 776.00M | 477.90M | 288.00M | 675.60M | -8.91B | 1.26B | 219.60M | 2.88B | 1.69B | 565.50M | 957.20M | 485.60M | 445.00M | 395.00M | 154.30M | -8.00M | 21.40M | 12.60M | 56.60M | 41.70M | 97.40M | 103.00M | 111.20M | 106.00M | 87.50M | 101.40M | 67.10M | 58.40M | 44.80M | 107.70M | 92.30M | 15.10M | -34.20M | 38.50M |
| EBITDA Ratio | 8.45% | 13.85% | 25.17% | 5.85% | 25.96% | 33.42% | 22.42% | 16.91% | 14.21% | 11.64% | 26.64% | 21.62% | 40.77% | 28.10% | 10.29% | 26.74% | 19.64% | 21.69% | 20.87% | -25.63% | 5.00% | 22.54% | -33.44% | 15.11% | 18.46% | 20.72% | 17.84% | 20.81% | 25.42% | 24.81% | 30.06% | 23.72% | 8.48% | -12.17% | 29.24% | 22.20% | -9.25% | -13.87% | 9.01% |
| Operating Income | 677.00M | 1.94B | 4.01B | 5.00M | 429.30M | 673.20M | 431.50M | 240.80M | 151.30M | -9.43B | 671.00M | -308.80M | 2.33B | 1.27B | 230.20M | 938.90M | 378.40M | 361.70M | 342.20M | -29.10M | -2.40M | -7.90M | -92.40M | 31.20M | 26.30M | 77.10M | 67.30M | 93.60M | 89.20M | 73.10M | 87.90M | 53.00M | 42.40M | 30.20M | 92.70M | 72.00M | 12.40M | -51.40M | 20.40M |
| Operating Income Ratio | 3.08% | 8.43% | 19.62% | 0.09% | 21.57% | 28.86% | 18.52% | 11.42% | 7.52% | -203.86% | 11.79% | -5.26% | 34.35% | 27.02% | 9.83% | 26.01% | 16.63% | 18.82% | 19.67% | -2.41% | -0.28% | -1.32% | -27.97% | 7.25% | 7.28% | 15.61% | 15.33% | 18.60% | 19.36% | 18.80% | 24.70% | 17.06% | 13.36% | 9.75% | 26.45% | 18.31% | 3.41% | -19.27% | 6.25% |
| Total Other Income/Expenses | -80.00M | -143.00M | -209.00M | -51.00M | -117.20M | -108.30M | -282.00M | 76.30M | 161.80M | -9.71B | -891.00M | -193.00M | -92.20M | 65.40M | 60.40M | -312.70M | 2.30M | 26.10M | 25.90M | 167.20M | 1.80M | -44.80M | -17.90M | -1.30M | -14.50M | -5.30M | 5.30M | 1.90M | -17.60M | -15.60M | -12.20M | -11.60M | 27.70M | 76.40M | -5.80M | -7.70M | 36.50M | -4.50M | 1.60M |
| Income Before Tax | 597.00M | 1.80B | 3.80B | -193.00M | 312.10M | 564.70M | 137.30M | 207.00M | 313.10M | -9.58B | 489.30M | -501.80M | 2.24B | 1.30B | 290.60M | 716.30M | 380.70M | 387.80M | 368.10M | 285.60M | -35.20M | -57.30M | -53.60M | 16.60M | 4.70M | 71.80M | 72.60M | 95.50M | 71.60M | 57.50M | 75.70M | 41.40M | 70.10M | 106.60M | 86.90M | 64.30M | 48.90M | -55.90M | 22.00M |
| Income Before Tax Ratio | 2.71% | 7.81% | 18.60% | -3.60% | 15.68% | 24.21% | 5.89% | 9.82% | 15.55% | -207.29% | 8.60% | -8.54% | 32.99% | 27.73% | 12.41% | 19.85% | 16.73% | 20.18% | 21.16% | 23.67% | -4.10% | -9.57% | -16.22% | 3.86% | 1.30% | 14.54% | 16.54% | 18.98% | 15.54% | 14.79% | 21.27% | 13.32% | 22.09% | 34.40% | 24.79% | 16.35% | 13.46% | -20.95% | 6.74% |
| Income Tax Expense | 148.00M | 423.00M | 773.00M | -111.00M | 17.60M | -475.20M | -252.40M | -12.20M | 169.30M | -1.32B | 55.10M | 255.90M | 420.10M | 292.00M | 20.80M | 144.20M | 84.10M | 90.90M | 84.80M | -34.90M | -300.00K | 9.10M | -16.30M | -1.50M | -100.00K | 14.40M | 17.70M | 34.50M | 10.70M | 14.70M | 21.10M | 10.60M | 16.30M | 32.80M | 24.40M | 19.60M | 18.30M | -14.20M | 1.90M |
| Net Income | 399.00M | 1.34B | 2.99B | -82.00M | 292.80M | 1.13B | 374.90M | 174.10M | -749.30M | -7.19B | 413.50M | -899.40M | 1.62B | 1.02B | 205.10M | 515.80M | 270.00M | 280.10M | 277.60M | 323.60M | -32.70M | -188.30M | -22.90M | 18.10M | 4.80M | 57.40M | 54.90M | 61.00M | 57.80M | 42.80M | 54.60M | -7.90M | 53.80M | 73.80M | 60.60M | 39.20M | 12.70M | -41.70M | 20.10M |
| Net Income Ratio | 1.81% | 5.81% | 14.62% | -1.53% | 14.71% | 48.37% | 16.09% | 8.26% | -37.22% | -155.48% | 7.27% | -15.31% | 23.83% | 21.78% | 8.76% | 14.29% | 11.87% | 14.58% | 15.96% | 26.82% | -3.81% | -31.46% | -6.93% | 4.21% | 1.33% | 11.62% | 12.51% | 12.12% | 12.55% | 11.01% | 15.34% | -2.54% | 16.95% | 23.81% | 17.29% | 9.97% | 3.50% | -15.63% | 6.16% |
| EPS | 0.78 | 2.57 | 6.00 | -0.22 | 1.06 | 3.80 | 1.30 | 0.88 | -4.89 | -46.96 | 2.40 | -6.32 | 11.55 | 7.54 | 1.64 | 5.07 | 3.19 | 3.27 | 3.13 | 3.74 | -0.40 | -2.33 | -0.29 | 0.22 | 0.05 | 0.64 | 0.60 | 0.66 | 0.61 | 0.44 | 0.57 | -0.08 | 0.57 | 0.79 | 0.65 | 0.36 | 0.07 | -0.42 | 0.18 |
| EPS Diluted | 0.78 | 2.55 | 5.35 | -0.22 | 1.03 | 3.71 | 1.28 | 0.87 | -4.88 | -46.96 | 2.37 | -6.32 | 11.48 | 7.49 | 1.63 | 4.76 | 2.57 | 2.60 | 2.50 | 2.95 | -0.40 | -2.33 | -0.29 | 0.22 | 0.05 | 0.63 | 0.60 | 0.65 | 0.60 | 0.44 | 0.57 | -0.08 | 0.56 | 0.78 | 0.64 | 0.35 | 0.07 | -0.42 | 0.18 |
| Weighted Avg Shares Out | 510.00M | 519.00M | 498.00M | 379.00M | 276.76M | 297.18M | 288.44M | 197.66M | 153.23M | 153.10M | 151.73M | 142.35M | 140.23M | 135.30M | 125.00M | 101.50M | 82.99M | 84.14M | 86.91M | 85.23M | 82.05M | 80.99M | 80.35M | 83.22M | 88.80M | 89.60M | 91.20M | 92.78M | 95.54M | 96.72M | 96.00M | 95.70M | 94.59M | 93.57M | 93.23M | 105.45M | 108.07M | 99.36M | 100.82M |
| Weighted Avg Shares Out (Dil) | 511.00M | 524.00M | 558.00M | 379.00M | 284.48M | 304.14M | 292.96M | 200.15M | 153.61M | 153.10M | 174.32M | 142.35M | 141.01M | 136.14M | 125.80M | 108.30M | 105.03M | 107.65M | 111.35M | 109.68M | 82.05M | 80.99M | 80.35M | 84.19M | 88.80M | 90.40M | 92.00M | 93.31M | 95.93M | 96.72M | 96.42M | 95.70M | 95.43M | 94.31M | 94.14M | 106.95M | 108.07M | 99.36M | 100.82M |
Cleveland-Cliffs Inc. (CLF) Is a Trending Stock: Facts to Know Before Betting on It
Recently, Zacks.com users have been paying close attention to Cleveland-Cliffs (CLF). This makes it worthwhile to examine what the stock has in store.
Cleveland-Cliffs (CLF) Up 11.1% Since Last Earnings Report: Can It Continue?
Cleveland-Cliffs (CLF) reported earnings 30 days ago. What's next for the stock?
Top 3 US steel stocks that will benefit from Trump 2.0
Goldman Sachs analyst Mike Harris expects the US steel industry to flourish under Donald Trump as the President of the United States. Lower interest rates and steady demand will benefit the domestic steel industry next year, he told clients...
Nucor, Steel Stocks Rise On Goldman Call, Tariff Hopes
Nucor stock and Cleveland-Cliffs rallied as prospects for U.S. steel companies brighten following the election of Donald Trump. The post Nucor, Steel Stocks Rise On Goldman Call, Tariff Hopes appeared first on Investor's Business Daily.
Cleveland-Cliffs initiated with a Buy at Goldman Sachs
Goldman Sachs initiated coverage of Cleveland-Cliffs with a Buy rating and $16 price target. The prevailing sentiment towards the U.S. steel industry seems pessimistic given concerns on global over supply and weak but improving pricing, the analyst tells investors in...
Investors Heavily Search Cleveland-Cliffs Inc. (CLF): Here is What You Need to Know
Recently, Zacks.com users have been paying close attention to Cleveland-Cliffs (CLF). This makes it worthwhile to examine what the stock has in store.
Here is What to Know Beyond Why Cleveland-Cliffs Inc. (CLF) is a Trending Stock
Zacks.com users have recently been watching Cleveland-Cliffs (CLF) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Shares of Companies with Big Merger Plans Jump After Trump Election
Donald Trump's re-election and his call to cut government regulation on Wednesday helped boost shares of companies hoping to get regulatory approval for their mergers.
Cleveland-Cliffs' Q3 Earnings and Revenues Miss Estimates
Lower average net selling price and reduced sales volumes for steel products weigh on CLF's Q3 performance.
Cleveland-Cliffs Falls On Q3 Earnings - A Gift For Long-Term Buyers
Cleveland-Cliffs Inc. remains a "Buy" despite recent declines, driven by long-term growth potential, strategic focus, and attractive valuation. The company's Q3 2024 performance was weak due to automotive industry struggles, but the Stelco acquisition is expected to enhance EBITDA margins...
Source: https://incomestatements.info
Category: Stock Reports