Cleveland-Cliffs Inc. (CLF)

Cleveland-Cliffs Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	77	57	54	198	26	48
Cash & Short-Term Investments	77	57	54	198	26	48
Cash Growth	16.67%	5.56%	-72.73%	661.54%	-45.83%	-57.14%
Accounts Receivable	2,159	1,442	1,576	1,840	1,960	2,154
Receivables	2,159	1,442	1,576	1,840	1,960	2,154
Inventory	4,694	4,772	5,094	4,460	5,130	5,188
Other Current Assets	174	164	183	138	306	263
Total Current Assets	7,104	6,435	6,907	6,636	7,422	7,653
Property, Plant & Equipment	9,186	9,773	10,293	9,123	9,070	9,186
Long-Term Investments	131	132	131	123	133	128
Goodwill	1,782	1,814	1,768	1,005	1,130	1,116
Other Intangible Assets	1,041	1,135	1,170	201	214	221
Other Long-Term Assets	1,098	723	678	449	786	671
Total Assets	20,342	20,012	20,947	17,537	18,755	18,975

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	2,327	1,893	2,008	2,099	2,186	2,073
Accrued Expenses	837	1,026	953	985	923	585
Short-Term Debt	19	28	29	21	19	-
Current Portion of Leases	-	115	113	90	-	-
Other Current Liabilities	609	240	258	313	421	903
Total Current Liabilities	3,792	3,302	3,361	3,508	3,549	3,561
Long-Term Debt	7,645	7,253	7,065	3,137	4,249	5,238
Long-Term Leases	-	569	594	363	-	-
Pension & Post-Retirement Benefits	593	655	751	821	1,058	2,961
Long-Term Deferred Tax Liabilities	300	375	849	639	590	112
Other Long-Term Liabilities	2,046	1,535	1,460	947	1,267	1,329
Total Liabilities	14,376	13,689	14,080	9,415	10,713	13,201

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	76	76	66	66	66	63
Additional Paid-In Capital	5,761	5,736	4,758	4,861	4,871	4,892
Retained Earnings	-759	-529	949	1,733	1,334	-1
Treasury Stock	-642	-659	-676	-430	-310	-82
Comprehensive Income & Other	1,251	1,492	1,537	1,657	1,830	618
Total Common Equity	5,687	6,116	6,634	7,887	7,791	5,490
Minority Interest	279	207	233	235	251	284
Shareholders' Equity	5,966	6,323	6,867	8,122	8,042	5,774
Total Liabilities & Equity	20,342	20,012	20,947	17,537	18,755	18,975

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	7,664	7,965	7,801	3,611	4,268	5,238
Net Cash (Debt)	-7,587	-7,908	-7,747	-3,413	-4,242	-5,190
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-13.43	-15.57	-16.14	-6.68	-8.10	-9.30
Filing Date Shares Outstanding	570.58	570.39	494.48	498.29	514.79	525.41
Total Common Shares Outstanding	570.56	569.76	493.95	504.89	513.34	500.16
Working Capital	3,312	3,133	3,546	3,128	3,873	4,092
Book Value Per Share	9.97	10.73	13.43	15.62	15.18	10.98
Tangible Book Value	2,864	3,167	3,696	6,681	6,447	4,153
Tangible Book Value Per Share	5.02	5.56	7.48	13.23	12.56	8.30
Land	1,462	981	955	864	833	698
Buildings	1,201	1,205	1,104	946	921	889
Machinery	11,819	11,630	11,119	9,680	9,289	8,709
Construction In Progress	799	655	728	590	552	408

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 20, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 30, 2026

Data Sources Report a data error