Basic Materials - Steel - NYSE - US
$ 11.04
-3.66 %
$ 5.45 B
Market Cap
-12.27
P/E
INCOME STATEMENT
22 B
REVENUE
677 M
OPERATING INCOME
450 M
NET INCOME
EFFICIENCY
Earnings Waterfall
Cleveland-Cliffs Inc.
| Revenue | 22 B |
| Cost Of Revenue | 20.6 B |
| Gross Profit | 1.39 B |
| Operating Expenses | 577 M |
| Operating Income | 677 M |
| Other Expenses | 227 M |
| Net Income | 450 M |
Income Statement
Millions
| Dec-2023 | Dec-2022 | Dec-2021 | Dec-2020 | Dec-2019 | Dec-2018 | Dec-2017 | Dec-2016 | Dec-2015 | Dec-2014 | Dec-2013 | Dec-2012 | Dec-2011 | Dec-2010 | Dec-2009 | Dec-2008 | Dec-2007 | Dec-2006 | Dec-2005 | Dec-2004 | Dec-2003 | Dec-2002 | Dec-2001 | Dec-2000 | Dec-1999 | Dec-1998 | Dec-1997 | Dec-1996 | Dec-1995 | Dec-1994 | Dec-1993 | Dec-1992 | Dec-1991 | Dec-1990 | Dec-1989 | Dec-1988 | Dec-1987 | Dec-1986 | Dec-1985 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| REVENUE | |||||||||||||||||||||||||||||||||||||||
| Revenue | 21 996.0 | 22 989.0 | 20 444.0 | 5 354.0 | 1 989.9 | 2 332.4 | 2 330.2 | 2 109.0 | 2 013.3 | 4 623.7 | 5 691.4 | 5 872.7 | 6 794.3 | 4 682.2 | 2 342.0 | 3 609.1 | 2 275.2 | 1 921.7 | 1 739.5 | 1 206.7 | 857.7 | 598.6 | 330.4 | 430.1 | 361.4 | 493.8 | 438.9 | 503.2 | 460.7 | 388.9 | 355.9 | 310.7 | 317.4 | 309.9 | 350.5 | 393.3 | 363.2 | 266.8 | 326.4 |
| GROSS PROFIT | |||||||||||||||||||||||||||||||||||||||
| Cost Of Revenue | 20 605.0 | 20 471.0 | 15 910.0 | 5 102.0 | 1 414.2 | 1 522.8 | 1 820.6 | 1 719.7 | 1 776.8 | 4 172.3 | 4 542.1 | 4 700.6 | 4 105.7 | 3 158.7 | 2 033.1 | 2 449.4 | 1 813.2 | 1 507.7 | 1 350.5 | 1 056.8 | 835.0 | 582.7 | 401.8 | 354.6 | 296.5 | 377.7 | 335.6 | 375.3 | 339.6 | 285.5 | 239.3 | 227.0 | 239.3 | 249.9 | 224.9 | 279.0 | 329.2 | 283.7 | 273.0 |
| Gross Profit | 1 391.0 | 2 518.0 | 4 534.0 | 252.0 | 575.7 | 809.6 | 509.6 | 389.3 | 236.5 | 451.4 | 1 149.3 | 1 172.1 | 2 688.6 | 1 523.5 | 308.9 | 1 159.7 | 462.0 | 414.0 | 389.0 | 149.9 | 22.7 | 15.9 | (71.4) | 75.5 | 64.9 | 116.1 | 103.3 | 127.9 | 121.1 | 103.4 | 116.6 | 83.7 | 78.1 | 60.0 | 125.6 | 114.3 | 34.0 | (16.9) | 53.4 |
| OPERATING INCOME | |||||||||||||||||||||||||||||||||||||||
| Operating Expenses | 577.0 | 575.0 | 502.0 | 304.0 | 146.4 | 136.4 | 78.1 | 148.5 | 81.9 | 443.8 | 227.5 | 431.0 | 354.9 | 258.5 | (78.7) | 220.8 | 83.6 | 52.3 | 46.8 | 179.0 | 25.1 | 23.8 | 21.0 | 44.3 | 38.6 | 39.0 | 36.0 | 34.3 | 31.9 | 30.3 | 28.7 | 30.7 | 35.7 | 29.8 | 32.9 | 42.3 | 21.6 | 34.5 | 33.0 |
| Selling, General and Administrative Expenses | 577.0 | 465.0 | 422.0 | 244.0 | 119.4 | 116.8 | 105.8 | 117.8 | 110.0 | 208.7 | 231.6 | 282.5 | 274.4 | 238.0 | (120.7) | 186.4 | 114.2 | 64.0 | 47.9 | 37.6 | 25.1 | 23.8 | 21.0 | 18.7 | 16.1 | 18.7 | 17.1 | 16.7 | 15.1 | 15.9 | 15.2 | 16.6 | 19.7 | 15.2 | 17.9 | 22.0 | 18.9 | 17.3 | 14.9 |
| Research and Development Expenses | 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 |
| Operating Income | 677.0 | 1 939.0 | 4 012.0 | 5.0 | 429.3 | 673.2 | 431.5 | 240.8 | 151.3 | (9 426.0) | 671.0 | (308.8) | 2 333.7 | 1 265.0 | 230.2 | 938.9 | 378.4 | 361.7 | 342.2 | (29.1) | (2.4) | (7.9) | (92.4) | 31.2 | 26.3 | 77.1 | 67.3 | 93.6 | 89.2 | 73.1 | 87.9 | 53.0 | 42.4 | 30.2 | 92.7 | 72.0 | 12.4 | (51.4) | 20.4 |
| PRE-TAX INCOME | |||||||||||||||||||||||||||||||||||||||
| Interest Income Expense | 289.0 | 276.0 | 337.0 | 238.0 | 101.2 | 118.9 | 132.0 | 200.5 | 228.5 | 185.2 | 179.1 | 195.6 | 216.5 | 69.7 | 39.0 | 39.8 | (22.6) | (3.6) | (4.5) | (0.8) | 4.6 | 6.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Other Income | (80.0) | (143.0) | (209.0) | (51.0) | (117.2) | (108.3) | (282.0) | 76.3 | 161.8 | (9 714.5) | (891.0) | (193.0) | (92.2) | 65.4 | 60.4 | (312.7) | 2.3 | 26.1 | 25.9 | 167.2 | 1.8 | (44.8) | (17.9) | (1.3) | (14.5) | (5.3) | 5.3 | 1.9 | (17.6) | (15.6) | (12.2) | (11.6) | 27.7 | 76.4 | (5.8) | (7.7) | 36.5 | (4.5) | 1.6 |
| Pre-Tax Income | 597.0 | 1 796.0 | 3 803.0 | (193.0) | 312.1 | 564.7 | 137.3 | 207.0 | 313.1 | (9 584.4) | 489.3 | (501.8) | 2 241.5 | 1 298.2 | 290.6 | 716.3 | 380.7 | 387.8 | 368.1 | 285.6 | (35.2) | (57.3) | (53.6) | 16.6 | 4.7 | 71.8 | 72.6 | 95.5 | 71.6 | 57.5 | 75.7 | 41.4 | 70.1 | 106.6 | 86.9 | 64.3 | 48.9 | (55.9) | 22.0 |
| NET INCOME | |||||||||||||||||||||||||||||||||||||||
| Tax Provision | 148.0 | 423.0 | 773.0 | (111.0) | 17.6 | (475.2) | (252.4) | (12.2) | 169.3 | (1 317.9) | 55.1 | 255.9 | 420.1 | 292.0 | 20.8 | 144.2 | 84.1 | 90.9 | 84.8 | (34.9) | (0.3) | 9.1 | (16.3) | (1.5) | 100 K | 14.4 | 17.7 | 34.5 | 10.7 | 14.7 | 21.1 | 10.6 | 16.3 | 32.8 | 24.4 | 19.6 | 18.3 | (14.2) | 1.9 |
| Net Income | 399.0 | 1 335.0 | 2 988.0 | (82.0) | 292.8 | 1 128.1 | 374.9 | 174.1 | (749.3) | (7 189.0) | 413.5 | (899.4) | 1 619.1 | 1 019.9 | 205.1 | 515.8 | 270.0 | 280.1 | 277.6 | 323.6 | (32.7) | (188.3) | (22.9) | 18.1 | 4.8 | 57.4 | 54.9 | 61.0 | 57.8 | 42.8 | 54.6 | (7.9) | 53.8 | 73.8 | 60.6 | 39.2 | 12.7 | (41.7) | 20.1 |
| EPS | 0.78 | 2.57 | 6 | 0.22 | 1.06 | 3.8 | 1.3 | 0.88 | 4.89 | 47 | 2.4 | 6.32 | 11.6 | 7.54 | 1.64 | 5.07 | 3.19 | 3.27 | 3.13 | 3.74 | 0.4 | 2.33 | 0.29 | 0.22 | 0.0538 | 0.64 | 0.6 | 0.66 | 0.61 | 0.44 | 0.57 | 0.0825 | 0.57 | 0.79 | 0.65 | 0.36 | 0.0712 | 0.42 | 0.18 |