Cleveland-Cliffs Inc. (CLF)

NYSE: CLF · Real-Time Price · USD

8.46

0.22 (2.67%)

At close: May 01, 2025, 3:59 PM

8.58

1.48%

Pre-market: May 02, 2025, 07:21 AM EDT

Cleveland-Cliffs Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016
Period Ending	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016
Revenue	4.33B	4.57B	5.09B	5.2B	5.11B	5.61B	5.98B	5.29B	5.04B	5.65B	6.34B	5.96B	5.35B	6B	5.04B	4.05B	2.26B	1.65B	1.09B	359.1M	534.1M	555.6M	743.2M	157M	696.3M	741.8M	714.3M	239M	600.9M	698.4M	569.3M	461.6M	754M	553.3M	496.2M	305.5M
Cost of Revenue	4.6B	4.67B	4.87B	4.86B	4.94B	5.13B	5.34B	5.2B	5.1B	5.3B	5.36B	4.71B	4.07B	4.23B	3.85B	3.76B	2.01B	1.53B	1.21B	356M	407.2M	400.7M	480.2M	126.1M	494.3M	480.2M	429.8M	242.6M	492.3M	538.2M	424.2M	365.9M	572.5M	467.9M	404.7M	274.6M
Gross Profit	-273M	-104M	223M	344M	168M	480M	644M	99M	-60M	348M	981M	1.25B	1.27B	1.77B	1.2B	288M	243M	120.6M	-114.8M	3.1M	126.9M	154.9M	263M	30.9M	202M	261.6M	284.5M	-3.6M	108.6M	160.2M	145.1M	95.7M	181.5M	85.4M	91.5M	30.9M
Operating Income	-465M	-259M	107M	189M	-100M	325M	483M	21M	-116M	187M	840M	1.09B	1.12B	1.65B	1.07B	177M	107M	38M	-208.4M	-78.8M	81.7M	121.6M	226.8M	-800K	163.2M	225.5M	254.2M	-40M	105.3M	129.7M	114.6M	81.9M	131.7M	34.7M	74.7M	-300K
Interest Income	n/a	n/a	n/a	64M	n/a	70M	79M	77M	71M	64M	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pretax Income	-570M	-306M	-6M	-61M	-108M	303M	458M	-56M	-186M	175M	757M	1.05B	1.11B	1.61B	1.01B	66M	60M	-20.2M	-132.5M	-100.6M	57.9M	96.6M	183.4M	-25.8M	134.5M	200.3M	227.6M	-69.1M	77.3M	13M	79.1M	-32.1M	89.6M	-32.2M	27.8M	121.8M
Net Income	-447M	-242M	2M	-67M	-155M	264M	347M	-43M	-205M	152M	596M	801M	893M	1.27B	780M	41M	64M	-10M	-123.9M	-52.1M	63.2M	90.9M	160.8M	-22.1M	609.5M	437.8M	165.1M	-84.3M	317.8M	53.4M	31.8M	-28.1M	79.1M	-25.8M	12.8M	108M
Selling & General & Admin	139M	112M	103M	132M	157M	144M	149M	127M	116M	124M	107M	122M	111M	112M	104M	95M	95M	59.6M	62.1M	26.1M	37.2M	25.5M	30.6M	28.1M	35.4M	30.1M	26.2M	27.7M	28M	24.6M	27.5M	25.7M	36M	31.1M	22.5M	28.2M
Research & Development	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Other Expenses	53M	43M	-13M	-23M	55M	48M	12M	3M	6M	37M	34M	33M	72M	47M	50M	47M	26M	10M	15.2M	6M	900K	300K	600K	100K	4.1M	4.3M	4.4M	4.4M	900K	800K	800K	700K	-6.6M	100K	200K	100K
Operating Expenses	192M	155M	116M	155M	131M	155M	161M	130M	122M	161M	141M	155M	153M	122M	129M	98M	114M	75.1M	75.2M	39.4M	45.2M	33.3M	36.2M	31.7M	38.8M	34.8M	30.3M	36.4M	3.3M	30.5M	30.5M	27.4M	49.8M	50.4M	17M	30M
Interest Expense	135M	102M	69M	64M	63M	70M	79M	77M	71M	64M	64M	77M	79M	81M	85M	92M	70M	68.2M	68.7M	31M	24.7M	25.3M	26.1M	25.1M	25.8M	29.5M	31.2M	33.5M	28.9M	28.9M	31.4M	42.8M	44.3M	48.7M	50.7M	56.8M
Selling & Marketing Expenses	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Cost & Expenses	4.79B	4.83B	4.99B	5.01B	5.08B	5.28B	5.5B	5.33B	5.23B	5.47B	5.5B	4.86B	4.22B	4.35B	3.98B	3.86B	2.13B	1.6B	1.28B	395.4M	452.4M	434M	516.4M	157.8M	533.1M	515M	460.1M	279M	495.6M	568.7M	454.7M	393.3M	622.3M	518.3M	421.7M	304.6M
Income Tax Expense	-136M	-76M	-15M	-8M	30M	29M	102M	-13M	19M	10M	157M	237M	214M	334M	216M	9M	-13M	-22.4M	-24.7M	-51.4M	-5.5M	4.8M	22M	-3.7M	-489.6M	500K	-1.8M	15.7M	-245.6M	-7.6M	2.6M	-1.8M	-10.5M	-7.1M	-2.1M	7.5M
Shares Outstanding (Basic)	485.87M	468M	473M	492M	504.89M	508M	513M	515M	513.34M	516M	523M	521M	501.69M	500M	500M	490M	418.92M	399.01M	396.77M	294.44M	271.02M	269.96M	275.77M	276.25M	295.94M	297.88M	297.62M	297.27M	296.43M	296.08M	296.07M	265.16M	231.27M	206.28M	182.33M	171.68M
Shares Outstanding (Diluted)	485.87M	468M	474M	492M	504.89M	509M	514M	515M	513.34M	519M	526M	532M	528.4M	547M	585M	571M	444.87M	399.4M	399M	298M	273.52M	276.58M	285.48M	289.52M	307.31M	310.2M	301.27M	297.27M	300.86M	301.07M	300.71M	265.16M	234.64M	206.28M	184.56M	171.96M
EPS (Basic)	-0.96	-0.52	0.00	-0.14	-0.31	0.52	0.68	-0.08	-0.4	0.29	1.14	1.54	1.78	2.46	1.40	0.08	0.15	-0.03	-0.31	-0.18	0.23	0.34	0.59	-0.08	2.06	1.47	0.55	-0.28	1.07	0.18	0.10	-0.11	0.35	-0.13	0.07	0.62
EPS (Diluted)	-0.96	-0.52	0.00	-0.14	-0.31	0.52	0.68	-0.08	-0.4	0.29	1.13	1.51	1.69	2.33	1.33	0.07	0.14	-0.03	-0.31	-0.17	0.23	0.33	0.57	-0.08	1.98	1.41	0.55	-0.28	1.05	0.18	0.10	-0.11	0.34	-0.13	0.07	0.62
EBITDA	-177M	31M	291M	420M	190M	622M	784M	263M	131M	476M	1.14B	1.47B	1.43B	1.94B	1.31B	441M	254.1M	120.4M	13.3M	-33.1M	104.6M	144.1M	247.7M	19.2M	186.9M	248.1M	284.3M	57.8M	133.8M	153.1M	138.2M	92.2M	163M	61.8M	101.4M	36.1M
EBIT	-435M	-204M	63M	190M	-45M	373M	537M	21M	-115M	239M	890M	1.17B	1.19B	1.7B	1.09B	158M	130.4M	48M	-63M	-70M	82.6M	121.9M	226.7M	-700K	166.5M	228.9M	258.8M	34.7M	98.3M	42.7M	112.8M	20.5M	133.9M	16.5M	78.5M	178.6M
Depreciation & Amortization	258M	235M	228M	230M	235M	249M	247M	242M	246M	237M	250M	301M	235M	241M	212M	217M	124.1M	72.4M	77.1M	34.4M	22M	22.2M	21M	19.9M	20.4M	19.2M	25.5M	23.9M	21.4M	21.5M	21.6M	23.2M	26.5M	26.8M	26.9M	35.2M