See more : Piraeus Financial Holdings S.A. (TPEIR.AT) 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
- HPX Corp. (HPX-WT) Income Statement Analysis – Financial Results
- Kappa Create Co., Ltd. (7421.T) Income Statement Analysis – Financial Results
- Orbital Corporation Limited (OBTEF) Income Statement Analysis – Financial Results
- Autobio Diagnostics Co., Ltd. (603658.SS) Income Statement Analysis – Financial Results
- Anant Raj Limited (ANANTRAJ.NS) 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 (CLF) Stock: Buy or Sell Before Q2 Earnings?
While Cleveland-Cliffs (CLF) is expected to have benefited from lower unit costs and healthy volumes, lower prices are likely to have weighed on its Q2 performance.
Cleveland-Cliffs (CLF) Stock Sinks As Market Gains: Here's Why
The latest trading day saw Cleveland-Cliffs (CLF) settling at $15.93, representing a -1.73% change from its previous close.
Cleveland-Cliffs (CLF) to Buy Stelco Holdings in a $2.5B Deal
Cleveland-Cliffs (CLF) agrees to acquire Stelco Holdings Inc. The buyout will expand its integrated steel production capabilities in North America.
CLF Stock Alert: Cleveland-Cliffs Announces Purchase of Stelco
Cleveland-Cliffs (NYSE: CLF ) stock is on the move Monday after the flat-rolled steel producer announced its acquisition of Stelco (OTCMKTS: STZHF ) for C$3.4 billion. This will have Cleveland-Cliffs paying C$70 per share for the Canadian steel company.
Earnings Preview: Cleveland-Cliffs (CLF) Q2 Earnings Expected to Decline
Cleveland-Cliffs (CLF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Cleveland-Cliffs To Buy Canadian Steelmaker Stelco for $2.5 Billion
Cleveland-Cliffs (CLF) on Monday said it agreed to buy Ontario-based steelmaker Stelco Holdings for about $2.5 billion.
Cleveland-Cliffs Stock Set to Open Lower After Acquisition
Cleveland-Cliffs Inc (NYSE:CLF) is acquiring Canadian steel company Stelco Holdings in a $2.5 billion deal, adding 1,800 United Steelworkers (USW) union employees to its workforce.
Cleveland-Cliffs (CLF) Down 23% in 3 Months: Time to Buy the Dip?
While Cleveland-Cliffs (CLF) benefits from its vertically integrated footprint, competitive strength and cost-saving actions, a significant pullback in steel prices and declining earnings estimates cast a pall on its prospects.
Cleveland-Cliffs Stock Is Dropping on a Steel Acquisition
Steel maker Cleveland-Cliffs announced a deal to buy Canadian steel maker Stelco Holdings for $2.5 billion.
Cleveland Cliffs to buy Canadian steelmaker Stelco in $2.5 billion deal
U.S. steelmaker Cleveland-Cliffs said on Monday it would acquire Canadian peer Stelco Holdings in a deal valued at $2.5 billion.
Source: https://incomestatements.info
Category: Stock Reports