Cleveland-Cliffs Inc. (CLF)

NYSE: CLF · Real-Time Price · USD

8.46

0.22 (2.67%)

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

8.56

1.24%

Pre-market: May 02, 2025, 07:09 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	19.18B	19.97B	21.01B	21.9B	22B	21.93B	21.98B	22.33B	22.99B	23.29B	23.64B	22.35B	20.44B	17.35B	13B	9.04B	5.35B	3.63B	2.54B	2.19B	1.99B	2.15B	2.34B	2.31B	2.39B	2.3B	2.25B	2.11B	2.33B	2.48B	2.34B	2.27B	2.11B	1.83B	1.87B	1.87B
Cost of Revenue	19B	19.34B	19.79B	20.26B	20.61B	20.77B	20.95B	20.96B	20.47B	19.44B	18.36B	16.86B	15.91B	13.85B	11.15B	8.51B	5.1B	3.5B	2.37B	1.64B	1.41B	1.5B	1.58B	1.53B	1.65B	1.64B	1.7B	1.7B	1.82B	1.9B	1.83B	1.81B	1.72B	1.58B	1.65B	1.69B
Gross Profit	190M	631M	1.22B	1.64B	1.39B	1.16B	1.03B	1.37B	2.52B	3.85B	5.28B	5.5B	4.53B	3.5B	1.85B	536.8M	251.9M	135.8M	170.1M	547.9M	575.7M	650.8M	757.5M	779M	744.5M	651.1M	549.7M	410.3M	509.6M	582.5M	507.7M	454.1M	389.3M	251.1M	220.8M	186.6M
Operating Income	-428M	-63M	521M	897M	729M	713M	575M	932M	2B	3.24B	4.7B	4.93B	4.01B	3B	1.39B	113.6M	-142.2M	-167.5M	-83.9M	351.3M	429.3M	510.8M	614.7M	642.1M	602.9M	545M	449.2M	309.6M	431.5M	457.9M	362.9M	323M	240.8M	133.6M	128.1M	79.1M
Interest Income	64M	64M	134M	213M	226M	297M	291M	212M	135M	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	-943M	-481M	128M	592M	597M	519M	391M	690M	1.8B	3.09B	4.53B	4.79B	3.8B	2.75B	1.12B	-26.7M	-193.3M	-195.4M	-78.6M	237.3M	312.1M	388.7M	492.4M	536.6M	493.3M	436.1M	248.8M	100.3M	137.3M	149.6M	104.4M	53.1M	207M	82M	160.8M	93M
Net Income	-754M	-462M	44M	389M	413M	363M	251M	500M	1.34B	2.44B	3.56B	3.75B	2.99B	2.16B	875M	-28.9M	-122M	-122.8M	-21.9M	262.8M	292.8M	839.1M	1.19B	1.19B	1.13B	836.4M	452M	318.7M	374.9M	136.2M	57M	38M	174.1M	34.7M	71.1M	118.5M
Selling & General & Admin	486M	504M	536M	582M	577M	536M	516M	474M	469M	464M	452M	449M	422M	406M	353.6M	311.7M	242.8M	185M	150.9M	119.4M	121.4M	119.6M	124.2M	119.8M	119.4M	112M	106.5M	107.8M	105.8M	113.8M	120.3M	115.3M	117.8M	109.6M	100.9M	109.2M
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	60M	62M	67M	92M	118M	69M	58M	80M	110M	176M	186M	202M	216M	170M	133M	98.2M	57.2M	32.1M	22.4M	7.8M	1.9M	5.1M	9.1M	12.9M	17.2M	14M	10.5M	6.9M	3.2M	-4.3M	-5M	-5.6M	-6.2M	800K	600K	-1.7M
Operating Expenses	618M	557M	557M	602M	577M	568M	574M	554M	579M	610M	571M	559M	502M	463M	416.1M	362.3M	303.7M	234.9M	193.1M	154.1M	146.4M	140M	141.5M	135.6M	140.3M	104.8M	100.5M	100.7M	91.7M	138.2M	158.1M	144.6M	147.2M	116.2M	94.1M	107.9M
Interest Expense	370M	298M	266M	276M	289M	297M	291M	276M	276M	284M	301M	322M	337M	328M	315.2M	298.9M	237.9M	192.6M	149.7M	107.1M	101.2M	102.3M	106.5M	111.6M	120M	123.1M	122.5M	122.7M	132M	147.4M	167.2M	186.5M	200.5M	216.5M	229.5M	242.4M
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	19.61B	19.9B	20.35B	20.87B	21.18B	21.33B	21.52B	21.52B	21.05B	20.05B	18.93B	17.41B	16.41B	14.31B	11.56B	8.87B	5.41B	3.73B	2.56B	1.8B	1.56B	1.64B	1.72B	1.67B	1.79B	1.75B	1.8B	1.8B	1.91B	2.04B	1.99B	1.96B	1.87B	1.7B	1.74B	1.79B
Income Tax Expense	-235M	-69M	36M	153M	148M	137M	118M	173M	423M	618M	942M	1B	773M	546M	189.6M	-51.1M	-111.5M	-104M	-76.8M	-30.1M	17.6M	-466.5M	-470.8M	-494.6M	-475.2M	-231.2M	-239.3M	-234.9M	-252.4M	-17.3M	-16.8M	-21.5M	-12.2M	-2.3M	1.4M	1.7M
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)	-1.62	-0.97	0.07	0.75	0.81	0.72	0.49	0.95	2.57	4.75	6.92	7.18	5.72	4.09	1.60	-0.11	-0.37	-0.29	0.08	0.98	1.08	2.91	4.04	4.00	3.80	2.81	1.52	1.07	1.24	0.52	0.21	0.18	0.91	0.17	0.20	0.52
EPS (Diluted)	-1.62	-0.97	0.07	0.75	0.81	0.72	0.49	0.94	2.53	4.62	6.66	6.86	5.42	3.87	1.52	-0.12	-0.36	-0.28	0.08	0.96	1.05	2.80	3.88	3.86	3.66	2.73	1.50	1.05	1.22	0.51	0.20	0.17	0.90	0.17	0.20	0.52
EBITDA	565M	932M	1.52B	2.02B	1.86B	1.8B	1.65B	2.01B	3.22B	4.51B	5.98B	6.14B	5.11B	3.94B	2.12B	828.8M	354.7M	205.2M	228.9M	463.3M	515.6M	597.9M	701.9M	738.5M	777.1M	724M	629M	482.9M	517.3M	546.5M	455.2M	418.4M	362.3M	261.8M	262.4M	218M
EBIT	-386M	4M	581M	1.05B	886M	816M	682M	1.03B	2.19B	3.49B	4.95B	5.15B	4.14B	3.08B	1.43B	273.4M	45.4M	-2.4M	71.5M	361.2M	430.5M	514.4M	621.4M	653.5M	688.9M	620.7M	434.5M	288.5M	274.3M	309.9M	283.7M	249.4M	407.5M	298.5M	390.3M	335.4M
Depreciation & Amortization	951M	928M	942M	961M	973M	984M	972M	975M	1.03B	1.02B	1.03B	989M	905M	794.1M	625.5M	490.6M	308M	205.9M	155.7M	99.6M	85.1M	83.5M	80.5M	85M	89M	90M	92.3M	88.4M	87.7M	92.8M	98.1M	103.4M	115.4M	123.8M	132.6M	136.2M