- CLF Ticker
- 🇺🇸 NYSE Exchange
- 2,926 Employees
- 🧱 Materials Sector
- ⛏ Metals & Mining Industry
- C. Lourenço Gonçalves CEO
Financial statements — Cleveland-Cliffs
The information is not 100% up-to-date. There may be errors or missing information. Some information is often missing, and, although there are almost no errors, I can't rule them out. Right now, I'm looking for a supplier of high-quality information, but so far what I'm finding is expensive (about $2000 a year). You can help my project here.
| 20 ← 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Total Revenue |
|
5.4B | 2B | 2.3B | 2.3B | 2.1B |
| Cost Of Revenue |
|
5.1B | 1.4B | 1.5B | 1.8B | 1.7B |
| Gross Profit |
|
250M | 580M | 810M | 500M | 390M |
| Research and Development |
|
0 | 0 | 0 | 0 | 0 |
| Selling General and Admin |
|
240M | 120M | 120M | 110M | 120M |
| Operating Expense |
|
5.3B | 1.5B | 1.6B | 1.9B | 1.8B |
| Operating Income |
|
8M | 460M | 690M | 400M | 270M |
| Other Income Expense Net |
|
0 | 0 | 0 | 0 | 0 |
| EBIT |
|
8M | 460M | 690M | 400M | 270M |
| Interest Income |
|
240M | 100M | 120M | 130M | 200M |
| Pretax Income |
|
-190M | 310M | 560M | 130M | 210M |
| Income Tax |
|
-110M | 18M | -480M | -250M | -12M |
| Minority Interest |
|
41M | 0 | 0 | -3.9M | 25M |
| Net Income |
|
-120M | 290M | 1.1B | 370M | 170M |
| Net Income Basic |
|
-120M | 290M | 1.1B | 370M | 170M |
| 20 ← 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Current cash |
|
110M | 350M | 820M | 1B | 320M |
| Short term investments |
|
170M | 75M | 120M | 67M | 54M |
| Receivables |
|
1.2B | 150M | 340M | 190M | 180M |
| Inventory |
|
3.8B | 320M | 180M | 280M | 270M |
| Other current assets |
|
170M | 75M | 120M | 67M | 54M |
| Current assets |
|
5.3B | 900M | 1.5B | 1.5B | 820M |
| Long term investments |
|
11B | 2.6B | 2.1B | 1.4B | 1.1B |
| Property plant equipment |
|
8.7B | 1.9B | 1.3B | 1.1B | 980M |
| Goodwill |
|
1.4B | 0 | 0 | 0 | 0 |
| Intangible assets |
|
0 | 0 | 0 | 0 | 0 |
| Other assets |
|
790M | 220M | 300M | 360M | 110M |
| Total assets |
|
17B | 3.5B | 3.5B | 3B | 1.9B |
| Accounts payable |
|
1.6B | 190M | 190M | 130M | 110M |
| Current long term debt |
|
0 | 0 | 0 | 0 | 0 |
| Other current liabilities |
|
1.4B | 220M | 280M | 320M | 280M |
| Total current liabilities |
|
2.9B | 410M | 470M | 450M | 390M |
| Long term debt |
|
5.4B | 2.1B | 2.1B | 2.3B | 2.2B |
| Other liabilities |
|
5.4B | 620M | 540M | 640M | 690M |
| Minority Interest |
|
0 | 0 | 0 | 200K | 130M |
| Total Liabilities |
|
14B | 3.1B | 3.1B | 3.4B | 3.4B |
| Common stock |
|
380M | 280M | 300M | 290M | 200M |
| Retained earning |
|
-3B | -2.8B | -3.1B | -4.2B | -4.6B |
| Treasury stock |
|
-350M | -390M | -190M | -170M | -250M |
| Capital surplus |
|
• | • | • | • | • |
| Shareholder equity |
|
3.1B | 360M | 420M | -440M | -1.5B |
| Net tangible assets |
|
940M | 360M | 420M | -440M | -1.5B |
| 20 ← 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Net Income |
|
-120M | 290M | 1.1B | 370M | 170M |
| Depreciation |
|
310M | 85M | 89M | 88M | 120M |
| Changes in receivables |
|
1B | -190M | 150M | 15M | -35M |
| Changes in inventories |
|
3.5B | 140M | -96M | 7.5M | -170M |
| Cash change |
|
-240M | -470M | -180M | 680M | 38M |
| Cash flow |
|
-260M | 560M | 480M | 340M | 300M |
| Capital expenditures |
|
-530M | -640M | -210M | -150M | -69M |
| Investments |
|
• | • | • | • | • |
| Investing activity other |
|
• | • | • | • | • |
| Total investing cash flows |
|
-2B | -640M | -270M | -160M | -58M |
| Dividends paid |
|
41M | • | • | • | • |
| Net borrowings |
|
5.1B | 1.7B | 1.2B | 1.2B | 1.8B |
| Other financing cash flows |
|
• | • | • | • | • |
| Cash flow financing |
|
2.1B | -390M | -380M | 500M | -210M |
| Exchange rate effect |
|
• | • | • | • | • |
Analyst Recommendations
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Mining, processing and granulating of iron ore. The organization has 4 iron ore mines located in Michigan and Minnesota. They produce various grades of environmentally friendly iron ore pellets, including standard and fluxed. The products are used in blast furnaces as part of steelmaking.
The company's annual nominal production capacity reaches 21.2 million tons, which is 42% of the total industry figure in the United States. The company merged with AK Steel to expand its influence. The company annually reduces emissions of harmful substances into the atmosphere.
In June 2017, the organization launched the construction of a facility for the production of hot briquetted iron (HBI). The products are used as an alternative to scrap metal and are suitable for the production of more valuable grades of steel. Serial production is scheduled to start in 2020.