Cleveland-Cliffs Inc. (CLF)
NYSE: CLF · Real-Time Price · USD
11.54
-0.01 (-0.09%)
At close: Sep 1, 2026, 4:00 PM EDT
11.60
+0.06 (0.48%)
After-hours: Sep 1, 2026, 7:46 PM EDT
Cleveland-Cliffs Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 70 | 57 | 54 | 198 | 26 | 48 |
Cash & Short-Term Investments | 70 | 57 | 54 | 198 | 26 | 48 |
Cash Growth | 14.75% | 5.56% | -72.73% | 661.54% | -45.83% | -57.14% |
Accounts Receivable | 2,044 | 1,442 | 1,576 | 1,840 | 1,960 | 2,154 |
Receivables | 2,044 | 1,442 | 1,576 | 1,840 | 1,960 | 2,154 |
Inventory | 4,525 | 4,772 | 5,094 | 4,460 | 5,130 | 5,188 |
Other Current Assets | 175 | 164 | 183 | 138 | 306 | 263 |
Total Current Assets | 6,814 | 6,435 | 6,907 | 6,636 | 7,422 | 7,653 |
Property, Plant & Equipment | 9,239 | 9,773 | 10,293 | 9,123 | 9,070 | 9,186 |
Long-Term Investments | 129 | 132 | 131 | 123 | 133 | 128 |
Goodwill | 1,784 | 1,814 | 1,768 | 1,005 | 1,130 | 1,116 |
Other Intangible Assets | 1,063 | 1,135 | 1,170 | 201 | 214 | 221 |
Other Long-Term Assets | 1,086 | 723 | 678 | 449 | 786 | 671 |
Total Assets | 20,115 | 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 | Jun '26 Jun 30, 2026 | 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 |
Accounts Payable | 2,159 | 1,893 | 2,008 | 2,099 | 2,186 | 2,073 |
Accrued Expenses | 887 | 1,026 | 953 | 985 | 923 | 585 |
Short-Term Debt | 20 | 28 | 29 | 21 | 19 | - |
Current Portion of Leases | - | 115 | 113 | 90 | - | - |
Other Current Liabilities | 540 | 240 | 258 | 313 | 421 | 903 |
Total Current Liabilities | 3,606 | 3,302 | 3,361 | 3,508 | 3,549 | 3,561 |
Long-Term Debt | 7,703 | 7,253 | 7,065 | 3,137 | 4,249 | 5,238 |
Long-Term Leases | - | 569 | 594 | 363 | - | - |
Pension & Post-Retirement Benefits | 617 | 655 | 751 | 821 | 1,058 | 2,961 |
Long-Term Deferred Tax Liabilities | 300 | 375 | 849 | 639 | 590 | 112 |
Other Long-Term Liabilities | 2,071 | 1,535 | 1,460 | 947 | 1,267 | 1,329 |
Total Liabilities | 14,297 | 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 | Jun '26 Jun 30, 2026 | 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 |
Common Stock | 76 | 76 | 66 | 66 | 66 | 63 |
Additional Paid-In Capital | 5,746 | 5,736 | 4,758 | 4,861 | 4,871 | 4,892 |
Retained Earnings | -911 | -529 | 949 | 1,733 | 1,334 | -1 |
Treasury Stock | -643 | -659 | -676 | -430 | -310 | -82 |
Comprehensive Income & Other | 1,336 | 1,492 | 1,537 | 1,657 | 1,830 | 618 |
Total Common Equity | 5,604 | 6,116 | 6,634 | 7,887 | 7,791 | 5,490 |
Minority Interest | 214 | 207 | 233 | 235 | 251 | 284 |
Shareholders' Equity | 5,818 | 6,323 | 6,867 | 8,122 | 8,042 | 5,774 |
Total Liabilities & Equity | 20,115 | 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 | Jun '26 Jun 30, 2026 | 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 |
Total Debt | 7,723 | 7,965 | 7,801 | 3,611 | 4,268 | 5,238 |
Net Cash (Debt) | -7,653 | -7,908 | -7,747 | -3,413 | -4,242 | -5,190 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -14.02 | -15.57 | -16.14 | -6.68 | -8.10 | -9.30 |
Filing Date Shares Outstanding | 570.54 | 570.39 | 494.48 | 498.29 | 514.79 | 525.41 |
Total Common Shares Outstanding | 570.53 | 569.76 | 493.95 | 504.89 | 513.34 | 500.16 |
Working Capital | 3,208 | 3,133 | 3,546 | 3,128 | 3,873 | 4,092 |
Book Value Per Share | 9.82 | 10.73 | 13.43 | 15.62 | 15.18 | 10.98 |
Tangible Book Value | 2,757 | 3,167 | 3,696 | 6,681 | 6,447 | 4,153 |
Tangible Book Value Per Share | 4.83 | 5.56 | 7.48 | 13.23 | 12.56 | 8.30 |
Land | 1,462 | 981 | 955 | 864 | 833 | 698 |
Buildings | 1,197 | 1,205 | 1,104 | 946 | 921 | 889 |
Machinery | 11,800 | 11,630 | 11,119 | 9,680 | 9,289 | 8,709 |
Construction In Progress | 688 | 655 | 728 | 590 | 552 | 408 |