See more : Macau Capital Investments, Inc. (MCIM) 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.
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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 (CLF) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Cleveland-Cliffs (CLF) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Cleveland-Cliffs shares drop as steel market pressures weigh on Q3 earnings
Cleveland-Cliffs Inc. (NYSE:CLF) shares slipped more than 10% after its latest quarterly earnings highlighted pressures in the steel market. During the third quarter of 2024, the company saw a decline in EBITDA, increased net debt, and a reduction in capital...
Cleveland-Cliffs' Q3 Shortfall Linked To Automotive Adjustments; Analysts Await Stelco Integration Insights
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The auto sector is hurting Cleveland-Cliffs right now.
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Cleveland-Cliffs Inc. (CLF) Q3 2024 Earnings Call Transcript
Cleveland-Cliffs Inc. (NYSE:CLF ) Q3 2024 Earnings Conference Call November 4, 2024 8:30 AM ET Company Participants Lourenco Goncalves - Chairman, President & CEO Celso Goncalves - EVP & CFO Conference Call Participants Lucas Pipes - B. Riley Securities Lawson...
Steel Stock Slides as Results Disappoint
Cleveland-Cliffs Inc (NYSE:CLF) stock is plummeting today, down 11.3% at $11.63 at last glance, after the company's disappointing third-quarter report.
Trump Vs. Harris: EVgo, Cleveland-Cliffs, Plug Power, Nucor Brace For 2024 Election Impact
As Election Week 2024 is upon us, Wall Street is geared up for sector-specific shakeups, with JPMorgan's Bill Peterson spotlighting a decisive split in potential stock moves.
Watch CNBC's full interview with Cleveland-Cliffs CEO Lourenco Goncalves
Cleveland-Cliffs Chairman and CEO Lourenco Goncalves joins CNBC's Morgan Brennan to discuss the company's newly closed $2.8 billion acquisition of Canadian steelmaker Stelco, the strategic importance of North American manufacturing, and his views on steel tariffs and Chinese competition. Goncalves...
Cleveland-Cliffs Completes Acquisition of Stelco Holdings Inc.
HAMILTON, Ontario--(BUSINESS WIRE)--Stelco Holdings Inc. (TSX: STLC) (“Stelco” or the “Company”) today announced that Cleveland-Cliffs Inc. (“Cliffs”) has completed its previously announced acquisition of Stelco (the “Arrangement”) pursuant to a plan of arrangement involving the Company, Cliffs, and 13421422 Canada...
Source: https://incomestatements.info
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