ArcelorMittal Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	5,392	6,400	7,686	9,300	4,215
Cash & Short-Term Investments	5,392	6,400	7,686	9,300	4,215
Cash Growth	-15.75%	-16.73%	-17.36%	120.64%	-24.73%
Accounts Receivable	3,476	3,375	3,661	3,839	5,143
Other Receivables	1,512	1,671	1,535	1,643	1,375
Receivables	4,988	5,046	5,196	5,482	6,518
Inventory	18,589	16,501	18,759	20,087	19,858
Prepaid Expenses	954	610	658	732	566
Restricted Cash	84	84	97	114	156
Other Current Assets	598	741	844	1,403	3,626
Total Current Assets	30,605	29,382	33,240	37,118	34,939
Property, Plant & Equipment	41,041	33,311	33,656	30,167	30,075
Long-Term Investments	10,746	11,719	10,591	11,884	11,465
Goodwill	4,266	3,605	3,908	3,767	3,931
Other Intangible Assets	986	848	1,194	1,136	494
Long-Term Deferred Tax Assets	8,860	8,942	9,469	8,554	8,147
Other Long-Term Assets	1,199	1,578	1,859	1,921	1,461
Total Assets	97,703	89,385	93,917	94,547	90,512
Accounts Payable	13,008	12,921	13,605	13,532	15,093
Accrued Expenses	3,431	2,852	3,228	3,116	3,585
Short-Term Debt	1,119	1,016	980	1,017	888
Current Portion of Long-Term Debt	1,406	1,550	1,125	1,338	836
Current Portion of Leases	214	182	207	228	189
Current Income Taxes Payable	547	480	297	318	1,266
Current Unearned Revenue	94	88	109	67	63
Other Current Liabilities	2,701	2,736	2,218	2,782	2,247
Total Current Liabilities	22,520	21,825	21,769	22,398	24,167
Long-Term Debt	9,704	7,963	7,430	8,239	5,797
Long-Term Leases	967	852	939	828	691
Pension & Post-Retirement Benefits	2,526	2,338	2,741	2,606	3,772
Long-Term Deferred Tax Liabilities	2,294	2,338	2,432	2,666	2,369
Other Long-Term Liabilities	3,156	2,783	2,538	2,220	2,372
Total Liabilities	41,167	38,099	37,849	38,957	39,168
Common Stock	275	303	303	312	350
Additional Paid-In Capital	25,250	27,190	27,185	28,651	31,803
Retained Earnings	49,918	47,254	46,264	45,442	36,702
Treasury Stock	-355	-2,117	-849	-1,895	-2,186
Comprehensive Income & Other	-20,622	-23,407	-18,942	-19,358	-17,563
Total Common Equity	54,466	49,223	53,961	53,152	49,106
Minority Interest	2,070	2,063	2,107	2,438	2,238
Shareholders' Equity	56,536	51,286	56,068	55,590	51,344
Total Liabilities & Equity	97,703	89,385	93,917	94,547	90,512
Total Debt	13,410	11,563	10,681	11,650	8,401
Net Cash (Debt)	-8,018	-5,163	-2,995	-2,350	-4,186
Net Cash Per Share	-10.47	-6.53	-3.54	-2.57	-3.78
Filing Date Shares Outstanding	761.13	768.55	819.27	805.34	910.89
Total Common Shares Outstanding	761.13	768.55	819.27	805.34	910.89
Working Capital	8,085	7,557	11,471	14,720	10,772
Book Value Per Share	71.56	64.05	65.86	66.00	53.91
Tangible Book Value	49,214	44,770	48,859	48,249	44,681
Tangible Book Value Per Share	64.66	58.25	59.64	59.91	49.05
Land	12,780	10,049	10,850	9,476	10,121
Machinery	44,232	33,453	35,965	34,133	35,348
Construction In Progress	8,568	8,353	7,343	5,887	4,533

Source: S&P Global Market Intelligence. Standard template. Financial Sources.