Cleveland-Cliffs Inc. (CLF)

Cleveland-Cliffs Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	21,900	21,996	22,989	20,444	5,354	1,990
Revenue Growth (YoY)	-1.92%	-4.32%	12.45%	281.85%	169.05%	-14.67%
Cost of Revenue	20,323	20,605	20,471	15,910	5,102	1,414
Gross Profit	1,577	1,391	2,518	4,534	252	576
Selling, General & Admin	582	577	465	422	244	113
Other Operating Expenses	305	137	4	20	90	7
Operating Expenses	887	714	469	442	334	120
Operating Income	690	677	2,049	4,092	-82	456
Interest Expense / Income	276	289	276	337	238	101
Other Expense / Income	-128	-159	15	-6	-87	44
Pretax Income	542	547	1,758	3,761	-233	311
Income Tax	153	148	423	773	-111	18
Net Income	389	399	1,335	2,988	-122	293
Net Income Growth	-18.45%	-70.11%	-55.32%	-	-	-74.02%
Shares Outstanding (Basic)	498	505	515	500	399	277
Shares Outstanding (Diluted)	-	-	-	-	-	284
Shares Change	-3.20%	-2.03%	3.04%	25.26%	40.34%	-6.46%
EPS (Basic)	0.76	0.78	2.57	5.63	-0.32	1.06
EPS (Diluted)	0.75	0.78	2.55	5.36	-0.32	1.03
EPS Growth	-17.58%	-69.41%	-52.43%	-	-	-72.24%
Free Cash Flow	1,808	1,621	1,480	2,080	-783	-88
Free Cash Flow Per Share	3.63	3.21	2.87	4.16	-1.96	-0.32
Dividend Per Share	-	-	-	-	0.120	0.260
Dividend Growth	-	-	-	-	-53.85%	-
Gross Margin	7.20%	6.32%	10.95%	22.18%	4.71%	28.94%
Operating Margin	3.15%	3.08%	8.91%	20.02%	-1.53%	22.91%
Profit Margin	1.78%	1.81%	5.81%	14.62%	-2.28%	14.72%
Free Cash Flow Margin	8.26%	7.37%	6.44%	10.17%	-14.62%	-4.42%
Effective Tax Rate	28.23%	27.06%	24.06%	20.55%	-	5.79%
EBITDA	1,779	1,809	3,068	4,995	313	497
EBITDA Margin	8.12%	8.22%	13.35%	24.43%	5.85%	24.97%
Depreciation & Amortization	961	973	1,034	897	308	85
EBIT	818	836	2,034	4,098	5	412
EBIT Margin	3.74%	3.80%	8.85%	20.05%	0.09%	20.70%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).