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Cleveland-Cliffs Inc. (CLF)
NYSE: CLF · Real-Time Price · USD
14.25
-0.01 (-0.07%)
At close: Oct 30, 2026, 4:00 PM EDT
14.20
-0.05 (-0.35%)
After-hours: Oct 30, 2026, 7:56 PM EDT

Cleveland-Cliffs Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
-473-1,478-7603851,3352,988
Depreciation & Amortization
1,0521,104951973943897
Asset Writedown & Restructuring Costs
-2256208125120-
Other Operating Activities
-238-556-84741961,097
Change in Accounts Receivable
-374134364120197-754
Change in Inventory
-25315-567064-1,370
Change in Accounts Payable
365-78-40122-70457
Change in Income Taxes
-213-17122-22-136
Change in Other Net Operating Assets
-187-172-151-224-340-394
Operating Cash Flow
116-4621052,2672,4232,785
Operating Cash Flow Growth
---95.37%-6.44%-13.00%-

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-601-561-695-646-943-705
Cash Acquisitions
---2,512--31-707
Divestitures
5353-35--
Other Investing Activities
7629-5203833
Investing Cash Flow
-472-479-3,212-591-936-1,379

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-1,9834,7817502556,962
Total Debt Issued
6661,9834,7817502556,962
Long-Term Debt Repaid
--1,794-845-1,864-1,358-7,261
Total Debt Repaid
-1,081-1,794-845-1,864-1,358-7,261
Net Debt Issued (Repaid)
-4151893,936-1,114-1,103-299
Issuance of Common Stock
951951---322
Repurchase of Common Stock
---733-152-240-
Other Financing Activities
-174-198-233-238-166-150
Financing Cash Flow
3629422,970-1,504-1,509-1,470

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-22-1---
Net Cash Flow
43-138172-22-64

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
-485-1,023-5901,6211,4802,080
Free Cash Flow Growth
---9.53%-28.85%-
Free Cash Flow Margin
-2.42%-5.50%-3.08%7.37%6.44%10.17%
Free Cash Flow Per Share
-0.86-2.01-1.233.172.823.73
Levered Free Cash Flow
220.25-130.63-683.251,6371,399897.63
Unlevered Free Cash Flow
597.75240.63-4521,8181,5711,108

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
529459255256249299
Cash Income Tax Paid
--16-30-111331150
Change in Working Capital
-223212-210710-171-2,197
SEC Filings: 10-K · 10-Q