Cleveland-Cliffs Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 1994
Revenue	21,996	22,989	20,444	5,354	1,990	2,332	1,866	1,555	2,013	3,373	Upgrade
Revenue Growth (YoY)	-4.32%	12.45%	281.85%	169.05%	-14.67%	24.97%	20.04%	-22.79%	-40.31%	-13.30%	Upgrade
Cost of Revenue	20,605	20,471	15,910	5,102	1,414	1,523	1,398	1,274	1,777	2,488	Upgrade
Gross Profit	1,391	2,518	4,534	252	576	809	467.6	280.1	236.5	885.7	Upgrade
Selling, General & Admin	577	465	422	244	113	113	102.9	115.8	110	154.7	Upgrade
Other Operating Expenses	137	4	20	90	7	0	0	0	0	635.5	Upgrade
Operating Expenses	714	469	442	334	120	113	102.9	115.8	110	790.2	Upgrade
Operating Income	677	2,049	4,092	-82	456	696	364.7	164.3	126.5	95.5	Upgrade
Interest Expense / Income	289	276	337	238	101	119	126.8	193.9	228.5	176.7	Upgrade
Other Expense / Income	-159	15	-6	-87	44	-76	123.3	-191.5	478	7,229	Upgrade
Pretax Income	547	1,758	3,761	-233	311	653	114.6	161.9	-580	-7,310.2	Upgrade
Income Tax	148	423	773	-111	18	-475	-252.4	-12.2	169.3	-86	Upgrade
Net Income	399	1,335	2,988	-122	293	1,128	367	174.1	-749.3	-7,224.2	Upgrade
Preferred Dividends	0	0	0	0	0	0	0	0	38.4	51.2	Upgrade
Net Income Common	399	1,335	2,988	-122	293	1,128	367	174.1	-787.7	-7,275.4	Upgrade
Net Income Growth	-70.11%	-55.32%	-	-	-74.02%	207.36%	110.80%	-	-	-	Upgrade
Shares Outstanding (Basic)	505	515	500	399	277	297	288	198	153	153	Upgrade
Shares Outstanding (Diluted)	-	-	-	-	284	304	293	200	154	153	Upgrade
Shares Change	-2.03%	3.04%	25.26%	40.34%	-6.46%	3.82%	46.37%	30.30%	0.33%	-12.18%	Upgrade
EPS (Basic)	0.78	2.57	5.63	-0.32	1.06	3.80	1.28	0.88	-5.14	-47.52	Upgrade
EPS (Diluted)	0.78	2.55	5.36	-0.32	1.03	3.71	1.26	0.87	-5.13	-47.52	Upgrade
EPS Growth	-69.41%	-52.43%	-	-	-72.24%	194.44%	44.83%	-	-	-	Upgrade
Free Cash Flow	1,621	1,480	2,080	-783	-88	183	186.4	233.9	-42.9	74.8	Upgrade
Free Cash Flow Per Share	3.21	2.87	4.16	-1.96	-0.32	0.62	0.65	1.18	-0.28	0.49	Upgrade
Dividend Per Share	-	-	-	0.120	0.260	-	-	-	-	0.600	Upgrade
Dividend Growth	-	-	-	-53.85%	-	-	-	-	-	0%	Upgrade
Gross Margin	6.32%	10.95%	22.18%	4.71%	28.94%	34.69%	25.06%	18.02%	11.75%	26.26%	Upgrade
Operating Margin	3.08%	8.91%	20.02%	-1.53%	22.91%	29.85%	19.54%	10.57%	6.28%	2.83%	Upgrade
Profit Margin	1.81%	5.81%	14.62%	-2.28%	14.72%	48.37%	19.67%	11.20%	-39.12%	-215.68%	Upgrade
Free Cash Flow Margin	7.37%	6.44%	10.17%	-14.62%	-4.42%	7.85%	9.99%	15.05%	-2.13%	2.22%	Upgrade
Effective Tax Rate	27.06%	24.06%	20.55%	-	5.79%	-72.74%	-220.24%	-7.54%	-	-	Upgrade
EBITDA	1,809	3,068	4,995	313	497	861	329.1	471.2	-217.5	-6,629.5	Upgrade
EBITDA Margin	8.22%	13.35%	24.43%	5.85%	24.97%	36.92%	17.64%	30.31%	-10.80%	-196.53%	Upgrade
Depreciation & Amortization	973	1,034	897	308	85	89	87.7	115.4	134	504	Upgrade
EBIT	836	2,034	4,098	5	412	772	241.4	355.8	-351.5	-7,133.5	Upgrade
EBIT Margin	3.80%	8.85%	20.05%	0.09%	20.70%	33.10%	12.94%	22.89%	-17.46%	-211.48%	Upgrade

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).