Cleveland-Cliffs Inc
NYSE:CLF

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Cleveland-Cliffs Inc Logo
Cleveland-Cliffs Inc
NYSE:CLF
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Price: 9.46 USD 0.96%
Market Cap: 4.7B USD
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Income Statement

Earnings Waterfall
Cleveland-Cliffs Inc

Revenue
20B USD
Cost of Revenue
-19.5B USD
Gross Profit
511m USD
Operating Expenses
-569m USD
Operating Income
-58m USD
Other Expenses
-404m USD
Net Income
-462m USD

Income Statement
Cleveland-Cliffs Inc

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Income Statement
Currency: USD
Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024
Revenue
Revenue
2 058
N/A
3 373
+64%
3 204
-5%
2 954
-8%
2 568
-13%
2 013
-22%
1 873
-7%
1 871
0%
1 831
-2%
1 555
-15%
2 090
+34%
2 065
-1%
2 108
+2%
1 866
-11%
1 760
-6%
2 003
+14%
2 148
+7%
2 332
+9%
2 309
-1%
2 338
+1%
2 152
-8%
1 990
-8%
2 192
+10%
2 542
+16%
3 632
+43%
5 354
+47%
9 044
+69%
12 996
+44%
17 354
+34%
20 444
+18%
22 350
+9%
23 642
+6%
23 291
-1%
22 989
-1%
22 329
-3%
21 976
-2%
21 928
0%
21 996
+0%
21 900
0%
21 008
-4%
19 972
-5%
Gross Profit
Cost of Revenue
(794)
(2 488)
(2 422)
(2 301)
(2 117)
(1 777)
(1 685)
(1 646)
(1 576)
(1 265)
(1 675)
(1 600)
(1 572)
(1 393)
(1 277)
(1 380)
(1 422)
(1 522)
(1 529)
(1 580)
(1 500)
(1 414)
(1 638)
(2 197)
(3 268)
(4 877)
(8 272)
(11 082)
(13 838)
(15 910)
(16 855)
(18 363)
(19 439)
(20 471)
(20 961)
(20 945)
(20 765)
(20 605)
(20 323)
(19 913)
(19 461)
Gross Profit
1 264
N/A
886
-30%
782
-12%
653
-16%
451
-31%
237
-47%
188
-21%
225
+20%
255
+13%
289
+13%
415
+44%
465
+12%
537
+15%
473
-12%
483
+2%
622
+29%
726
+17%
811
+12%
780
-4%
759
-3%
652
-14%
576
-12%
554
-4%
345
-38%
364
+5%
477
+31%
772
+62%
1 915
+148%
3 516
+84%
4 534
+29%
5 495
+21%
5 279
-4%
3 852
-27%
2 518
-35%
1 368
-46%
1 031
-25%
1 163
+13%
1 391
+20%
1 577
+13%
1 095
-31%
511
-53%
Operating Income
Operating Expenses
(34)
(120)
(91)
(82)
(61)
(82)
(110)
(98)
(120)
(136)
(138)
(148)
(125)
(97)
(97)
(97)
(104)
(135)
(145)
(143)
(141)
(139)
(154)
(199)
(241)
(304)
(363)
(416)
(463)
(502)
(559)
(571)
(610)
(575)
(550)
(570)
(564)
(605)
(630)
(585)
(569)
Selling, General & Administrative
(124)
(155)
(143)
(133)
(106)
(110)
(109)
(101)
(110)
(116)
(115)
(119)
(112)
(103)
(103)
(103)
(109)
(117)
(120)
(124)
(120)
(119)
(118)
(147)
(179)
(236)
(302)
(344)
(396)
(412)
(438)
(440)
(452)
(452)
(457)
(499)
(519)
(564)
(569)
(523)
(491)
Research & Development
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1)
(4)
(6)
(8)
(10)
(10)
(10)
(10)
(11)
(12)
(12)
(13)
(13)
(13)
(13)
(13)
(13)
(13)
(13)
Other Operating Expenses
90
35
52
52
45
28
(0)
3
(11)
(20)
(24)
(29)
(13)
7
6
6
5
(19)
(25)
(18)
(21)
(19)
(35)
(48)
(56)
(60)
(51)
(63)
(58)
(80)
(110)
(119)
(146)
(110)
(80)
(58)
(32)
(28)
(48)
(49)
(65)
Operating Income
1 230
N/A
765
-38%
690
-10%
572
-17%
390
-32%
154
-61%
79
-49%
127
+61%
135
+6%
154
+14%
277
+80%
317
+15%
412
+30%
376
-9%
386
+3%
525
+36%
622
+18%
675
+8%
635
-6%
616
-3%
511
-17%
437
-14%
400
-9%
146
-63%
123
-16%
173
+41%
409
+137%
1 498
+266%
3 053
+104%
4 032
+32%
4 936
+22%
4 708
-5%
3 242
-31%
1 943
-40%
818
-58%
461
-44%
599
+30%
786
+31%
947
+20%
510
-46%
(58)
N/A
Pre-Tax Income
Interest Income Expense
(175)
(177)
(181)
(199)
(239)
(229)
(247)
(229)
(218)
(212)
(187)
(166)
(146)
(113)
(117)
(118)
(119)
(120)
(112)
(107)
(102)
(101)
(113)
(150)
(193)
(238)
(299)
(315)
(328)
(337)
(322)
(301)
(284)
(276)
(276)
(291)
(297)
(289)
(276)
(266)
(305)
Non-Reccuring Items
(377)
(619)
(304)
(304)
152
390
258
262
164
161
(84)
(93)
(163)
(165)
(94)
(88)
(1)
(8)
0
(26)
(25)
(26)
(57)
(97)
(158)
(185)
(235)
(200)
(143)
(108)
(43)
(86)
(78)
(79)
(65)
1
(3)
(109)
(298)
(344)
(360)
Total Other Income
13
11
17
15
8
(3)
3
2
1
7
3
5
8
10
12
14
16
17
13
9
5
2
8
23
32
57
98
133
170
216
216
213
214
208
213
220
220
209
219
228
242
Pre-Tax Income
692
N/A
(20)
N/A
223
N/A
84
-62%
311
+271%
313
+1%
93
-70%
161
+73%
82
-49%
110
+34%
8
-93%
63
+704%
110
+75%
108
-2%
188
+74%
333
+77%
518
+56%
565
+9%
537
-5%
492
-8%
389
-21%
312
-20%
237
-24%
(79)
N/A
(195)
-149%
(193)
+1%
(26)
+86%
1 116
N/A
2 751
+147%
3 803
+38%
4 787
+26%
4 534
-5%
3 094
-32%
1 796
-42%
690
-62%
391
-43%
519
+33%
597
+15%
592
-1%
128
-78%
(481)
N/A
Net Income
Tax Provision
(290)
86
(60)
(50)
37
(169)
(2)
(1)
2
12
19
18
18
252
238
239
231
475
495
471
467
(18)
30
77
104
111
51
(190)
(547)
(773)
(1 001)
(942)
(618)
(423)
(173)
(118)
(137)
(148)
(153)
(36)
69
Income from Continuing Operations
402
66
163
34
349
144
91
159
84
123
26
80
128
361
426
571
749
1 040
1 031
963
855
295
267
(2)
(91)
(82)
24
926
2 205
3 030
3 786
3 592
2 476
1 373
517
273
382
449
439
92
(412)
Income to Minority Interest
1 062
1 087
1 089
1 088
85
(1)
(12)
(23)
(26)
(25)
(15)
4
2
4
2
1
0
0
0
0
0
0
(4)
(19)
(31)
(41)
(54)
(53)
(49)
(45)
(42)
(32)
(37)
(41)
(43)
(47)
(45)
(51)
(50)
(48)
(49)
Equity Earnings Affiliates
(10)
(10)
(10)
(9)
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
(5 947)
N/A
(7 275)
-22%
(7 965)
-9%
(7 903)
+1%
(2 025)
+74%
(788)
+61%
93
N/A
46
-51%
35
-24%
174
+401%
38
-78%
57
+50%
136
+139%
367
+169%
311
-15%
444
+43%
829
+87%
1 128
+36%
1 190
+6%
1 186
0%
839
-29%
293
-65%
263
-10%
(22)
N/A
(123)
-461%
(122)
+1%
(29)
+76%
875
N/A
2 159
+147%
2 988
+38%
3 748
+25%
3 564
-5%
2 442
-31%
1 335
-45%
477
-64%
228
-52%
340
+49%
399
+17%
389
-3%
44
-89%
(462)
N/A
EPS (Diluted)
-38.84
N/A
-47.54
-22%
-51.99
-9%
-51.58
+1%
-13.22
+74%
-5.15
+61%
0.54
N/A
0.24
-56%
0.16
-33%
0.87
+444%
0.14
-84%
0.18
+29%
0.45
+150%
1.24
+176%
1.04
-16%
1.47
+41%
2.67
+82%
3.71
+39%
4.11
+11%
4.15
+1%
3.03
-27%
1.04
-66%
0.88
-15%
-0.05
N/A
-0.3
-500%
-0.32
-7%
-0.05
+84%
1.49
N/A
3.94
+164%
5.35
+36%
7.04
+32%
6.77
-4%
4.7
-31%
2.54
-46%
0.92
-64%
0.44
-52%
0.66
+50%
0.78
+18%
0.79
+1%
0.08
-90%
-0.98
N/A

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