Cleveland-Cliffs Inc. (CLF)

Cleveland-Cliffs Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	39	198	26	48	112	353
Cash & Short-Term Investments	39	198	26	48	112	353
Cash Growth	25.81%	661.54%	-45.83%	-57.14%	-68.27%	-57.12%
Accounts Receivable	1,583	1,840	1,960	2,154	1,169	94
Other Receivables	-	-	-	-	-	59
Receivables	1,583	1,840	1,960	2,154	1,169	153
Inventory	4,236	4,460	5,130	5,188	3,828	317
Other Current Assets	169	138	306	263	189	75
Total Current Assets	6,027	6,636	7,422	7,653	5,298	898
Property, Plant & Equipment	8,687	8,895	9,070	9,186	8,743	1,929
Long-Term Investments	117	123	133	128	105	-
Goodwill	1,005	1,005	1,130	1,116	1,406	2
Other Intangible Assets	191	201	214	221	188	48
Long-Term Deferred Tax Assets	-	-	-	-	-	460
Other Long-Term Assets	769	677	786	671	1,031	167
Total Assets	16,796	17,537	18,755	18,975	16,771	3,504
Accounts Payable	1,983	2,099	2,186	2,073	1,575	193
Accrued Expenses	792	985	923	585	460	71
Short-Term Debt	27	21	19	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	34	-
Current Portion of Leases	-	90	-	-	-	-
Current Income Taxes Payable	-	-	-	-	147	38
Current Unearned Revenue	-	-	-	-	7	22
Other Current Liabilities	453	313	421	903	706	85
Total Current Liabilities	3,255	3,508	3,549	3,561	2,929	409
Long-Term Debt	3,774	3,137	4,249	5,238	5,390	2,114
Long-Term Leases	-	363	-	-	-	-
Long-Term Unearned Revenue	-	-	-	-	-	26
Long-Term Deferred Tax Liabilities	567	639	590	112	-	-
Other Long-Term Liabilities	1,439	947	1,267	1,329	1,260	285
Total Liabilities	9,701	9,415	10,713	13,201	13,692	3,146
Common Stock	66	66	66	63	63	37
Additional Paid-In Capital	4,875	4,861	4,871	4,892	5,431	3,873
Retained Earnings	1,426	1,733	1,334	-1	-2,989	-2,842
Treasury Stock	-1,153	-430	-310	-82	-354	-391
Comprehensive Income & Other	1,640	1,657	1,830	618	-133	-319
Total Common Equity	6,854	7,887	7,791	5,490	2,018	358
Minority Interest	241	235	251	284	323	-
Shareholders' Equity	7,095	8,122	8,042	5,774	3,079	358
Total Liabilities & Equity	16,796	17,537	18,755	18,975	16,771	3,504
Total Debt	3,801	3,611	4,268	5,238	5,424	2,114
Net Cash (Debt)	-3,762	-3,413	-4,242	-5,190	-5,312	-1,761
Net Cash Per Share	-7.76	-6.68	-8.10	-9.30	-14.02	-6.20
Filing Date Shares Outstanding	493.94	498.29	514.79	525.41	498.89	271.44
Total Common Shares Outstanding	468.07	504.89	513.34	500.16	477.52	270.08
Working Capital	2,772	3,128	3,873	4,092	2,369	489
Book Value Per Share	14.64	15.62	15.18	10.98	4.23	1.33
Tangible Book Value	5,658	6,681	6,447	4,153	424	308
Tangible Book Value Per Share	12.09	13.23	12.56	8.30	0.89	1.14
Land	1,389	864	833	698	440	45
Buildings	938	946	921	889	703	158
Machinery	9,916	9,680	9,289	8,709	6,786	1,456
Construction In Progress	714	590	552	408	1,364	730

Source: S&P Capital IQ. Standard template. Financial Sources.