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Cleveland-Cliffs Inc. (CLF)
NYSE: CLF · Real-Time Price · USD
12.98
+0.79 (6.48%)
At close: Oct 9, 2026, 4:00 PM EDT
12.91
-0.07 (-0.54%)
Pre-market: Oct 12, 2026, 7:31 AM 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
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
-876-1,478-7603851,3352,988
Depreciation & Amortization
1,0691,104951973943897
Asset Writedown & Restructuring Costs
12256208125120-
Other Operating Activities
-323-556-84741961,097
Change in Accounts Receivable
-274134364120197-754
Change in Inventory
148315-567064-1,370
Change in Accounts Payable
194-78-40122-70457
Change in Income Taxes
513-17122-22-136
Change in Other Net Operating Assets
-206-172-151-224-340-394
Operating Cash Flow
-251-4621052,2672,4232,785
Operating Cash Flow Growth
---95.37%-6.44%-13.00%-

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-606-561-695-646-943-705
Cash Acquisitions
---2,512--31-707
Divestitures
5353-35--
Other Investing Activities
6429-5203833
Investing Cash Flow
-489-479-3,212-591-936-1,379

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-1,9834,7817502556,962
Total Debt Issued
1,5771,9834,7817502556,962
Long-Term Debt Repaid
--1,794-845-1,864-1,358-7,261
Total Debt Repaid
-1,611-1,794-845-1,864-1,358-7,261
Net Debt Issued (Repaid)
-341893,936-1,114-1,103-299
Issuance of Common Stock
951951---322
Repurchase of Common Stock
---733-152-240-
Other Financing Activities
-167-198-233-238-166-150
Financing Cash Flow
7509422,970-1,504-1,509-1,470

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-22-1---
Net Cash Flow
93-138172-22-64

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
-857-1,023-5901,6211,4802,080
Free Cash Flow Growth
---9.53%-28.85%-
Free Cash Flow Margin
-4.46%-5.50%-3.08%7.37%6.44%10.17%
Free Cash Flow Per Share
-1.57-2.01-1.233.172.823.73
Levered Free Cash Flow
6.13-130.63-683.251,6371,399897.63
Unlevered Free Cash Flow
386.75240.63-4521,8181,5711,108

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
505459255256249299
Cash Income Tax Paid
--16-30-111331150
Change in Working Capital
-133212-210710-171-2,197
SEC Filings: 10-K · 10-Q