CLF
Income statement / Annual
Last year (2023), Cleveland-Cliffs Inc.'s total revenue was $22.00 B,
a decrease of 4.32% from the previous year.
In 2023, Cleveland-Cliffs Inc.'s net income was $399.00 M.
See Cleveland-Cliffs Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$22.00 B
|
$22.99 B
|
$20.44 B
|
$5.35 B
|
$1.99 B
|
$2.33 B
|
$2.33 B
|
$2.11 B
|
$2.01 B
|
$4.62 B
|
| Cost of Revenue |
$20.61 B |
$20.47 B |
$15.91 B |
$5.10 B |
$1.41 B |
$1.52 B |
$1.82 B |
$1.72 B |
$1.78 B |
$4.17 B |
| Gross Profit |
$1.39 B |
$2.52 B |
$4.53 B |
$252.00 M |
$575.70 M |
$809.60 M |
$509.60 M |
$389.30 M |
$236.50 M |
$451.40 M |
| Gross Profit Ratio |
0.06 |
0.11 |
0.22 |
0.05 |
0.29 |
0.35 |
0.22 |
0.18 |
0.12 |
0.1 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$577.00 M
|
$465.00 M
|
$422.00 M
|
$244.00 M
|
$119.40 M
|
$116.80 M
|
$105.80 M
|
$117.80 M
|
$110.00 M
|
$208.70 M
|
| Other Expenses |
$137.00 M |
$110.00 M |
$80.00 M |
$60.00 M |
$27.00 M |
$17.20 M |
$3.20 M |
$400,000.00 |
-$2.60 M |
$26.80 M |
| Operating Expenses |
$714.00 M |
$575.00 M |
$502.00 M |
$304.00 M |
$146.40 M |
$136.40 M |
$78.10 M |
$148.50 M |
$81.90 M |
$443.80 M |
| Cost And Expenses |
$21.32 B |
$21.05 B |
$16.41 B |
$5.41 B |
$1.56 B |
$1.66 B |
$1.90 B |
$1.87 B |
$1.86 B |
$4.62 B |
| Interest Income |
$0.00 |
$276.00 M |
$337.00 M |
$238.00 M |
$101.00 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$289.00 M |
$276.00 M |
$337.00 M |
$238.00 M |
$101.20 M |
$118.90 M |
$132.00 M |
$200.50 M |
$228.50 M |
$185.20 M |
| Depreciation &
Amortization |
$973.00 M
|
$1.03 B
|
$904.00 M
|
$308.00 M
|
$85.10 M
|
$89.00 M
|
$87.70 M
|
$115.40 M
|
$134.00 M
|
$504.00 M
|
| EBITDA |
$1.86 B
|
$3.11 B
|
$5.04 B
|
$310.00 M
|
$498.40 M
|
$776.00 M
|
$477.90 M
|
$288.00 M
|
$675.60 M
|
-$8.91 B
|
| EBITDA Ratio |
0.08 |
0.14 |
0.25 |
0.06 |
0.26 |
0.33 |
0.22 |
0.17 |
0.14 |
0.12 |
| Operating Income Ratio
|
0.03
|
0.08
|
0.2
|
0
|
0.22
|
0.29
|
0.19
|
0.11
|
0.08
|
-2.04
|
| Total Other
Income/Expenses Net |
-$80.00 M
|
-$143.00 M
|
-$209.00 M
|
-$51.00 M
|
-$117.20 M
|
-$108.30 M
|
-$282.00 M
|
$76.30 M
|
$161.80 M
|
-$9.71 B
|
| Income Before Tax |
$597.00 M |
$1.80 B |
$3.80 B |
-$193.00 M |
$312.10 M |
$564.70 M |
$137.30 M |
$207.00 M |
$313.10 M |
-$9.58 B |
| Income Before Tax Ratio
|
0.03
|
0.08
|
0.19
|
-0.04
|
0.16
|
0.24
|
0.06
|
0.1
|
0.16
|
-2.07
|
| Income Tax Expense |
$148.00 M |
$423.00 M |
$773.00 M |
-$111.00 M |
$17.60 M |
-$475.20 M |
-$252.40 M |
-$12.20 M |
$169.30 M |
-$1.32 B |
| Net Income |
$399.00 M |
$1.34 B |
$2.99 B |
-$82.00 M |
$292.80 M |
$1.13 B |
$374.90 M |
$174.10 M |
-$749.30 M |
-$7.19 B |
| Net Income Ratio |
0.02 |
0.06 |
0.15 |
-0.02 |
0.15 |
0.48 |
0.16 |
0.08 |
-0.37 |
-1.55 |
| EPS |
0.78 |
2.57 |
6 |
-0.22 |
1.06 |
3.8 |
1.3 |
0.88 |
-4.89 |
-46.96 |
| EPS Diluted |
0.78 |
2.55 |
5.35 |
-0.22 |
1.03 |
3.71 |
1.28 |
0.87 |
-4.88 |
-46.96 |
| Weighted Average Shares
Out |
$510.00 M
|
$519.00 M
|
$498.00 M
|
$379.00 M
|
$276.76 M
|
$297.18 M
|
$288.44 M
|
$197.66 M
|
$153.23 M
|
$153.10 M
|
| Weighted Average Shares
Out Diluted |
$511.00 M
|
$524.00 M
|
$558.00 M
|
$379.00 M
|
$284.48 M
|
$304.14 M
|
$292.96 M
|
$200.15 M
|
$153.61 M
|
$153.10 M
|
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