Cleveland-Cliffs Inc. (CLF)
NYSE: CLF · Real-Time Price · USD
11.93
+0.97 (8.85%)
At close: Jul 24, 2026, 4:00 PM EDT
11.99
+0.06 (0.48%)
After-hours: Jul 24, 2026, 7:59 PM EDT
Cleveland-Cliffs Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | -134 | -229 | -235 | -234 | -473 | -486 | -434 | -236 | 9 | -53 | -139 | 275 | 356 | -42 | -204 | 165 | 601 | 814 | 899 | 1,282 |
Depreciation & Amortization | 262 | 259 | 272 | 288 | 393 | 282 | 258 | 235 | 228 | 230 | 235 | 249 | 247 | 242 | 246 | 237 | 250 | 301 | 233 | 239 |
Other Adjustments | 3 | -83 | -227 | -60 | -58 | -136 | -67 | -33 | -212 | 182 | -221 | 123 | 16 | -5 | -124 | 48 | 163 | 98 | 257 | 340 |
Change in Receivables | -166 | -441 | 349 | -16 | 24 | -223 | 106 | 191 | 94 | -27 | 284 | 169 | -76 | -257 | 342 | 271 | 96 | -512 | - | - |
Changes in Inventories | 55 | 174 | -84 | 3 | 214 | 182 | -195 | -37 | 235 | -8 | 132 | 135 | 196 | 207 | 412 | 246 | -222 | -372 | -577 | -236 |
Changes in Accounts Payable | 236 | 41 | -47 | -28 | -57 | 62 | -191 | -41 | -6 | -170 | 99 | -17 | 12 | -90 | -136 | -383 | 261 | 109 | 72 | 209 |
Changes in Income Taxes Payable | -2 | 4 | -2 | 5 | 3 | 7 | 29 | -34 | -11 | -1 | 106 | -153 | 154 | 15 | 87 | -54 | -235 | 180 | -135 | -10 |
Changes in Other Operating Activities | -24 | -50 | -39 | -93 | -1 | -39 | 22 | -136 | -26 | -11 | -83 | -14 | -18 | -109 | -133 | -73 | -49 | -85 | -64 | -308 |
Operating Cash Flow | 230 | -325 | -13 | -143 | 45 | -351 | -472 | -84 | 519 | 142 | 652 | 767 | 887 | -39 | 489 | 536 | 865 | 533 | 1,137 | 1,516 |
Operating Cash Flow Growth | 411.11% | - | - | - | -91.33% | - | - | - | -41.49% | - | 33.33% | 43.10% | 2.54% | - | -56.99% | -64.64% | 69.28% | - | - | 516.26% |
Capital Expenditures | -157 | -152 | -140 | -157 | -112 | -152 | -205 | -151 | -157 | -182 | -165 | -162 | -131 | -188 | -227 | -248 | -232 | -236 | -232 | -175 |
Cash Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | -761 | 0 |
Other Investing Activities | 31 | 12 | 2 | 19 | 1 | 7 | -18 | 5 | 5 | 3 | 44 | 2 | 6 | 3 | 18 | 19 | 0 | 1 | 28 | 3 |
Investing Cash Flow | -126 | -140 | -85 | -138 | -111 | -145 | -2,735 | -146 | -152 | -179 | -121 | -160 | -125 | -185 | -209 | -260 | -232 | -235 | -965 | -172 |
Short-Term Debt Issued | -63 | 507 | - | -530 | 122 | -305 | - | -323 | 28 | 342 | - | -508 | -1,338 | 307 | 1,099 | 1,390 | 1,545 | 1,715 | 1,609 | 1,673 |
Short-Term Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1,545 | -1,015 | -1,609 | -1,729 | -1,670 |
Net Short-Term Debt Issued (Repaid) | -63 | 507 | - | -530 | 122 | -305 | - | -323 | 28 | 342 | - | -508 | -1,338 | 307 | 1,099 | -155 | 530 | 106 | -120 | 3 |
Long-Term Debt Issued | - | - | 283 | 850 | 0 | 850 | 1,800 | 596 | 0 | 825 | 0 | 0 | 750 | - | - | - | - | - | 0 | 0 |
Long-Term Debt Repaid | - | - | -685 | - | - | - | 0 | 0 | -193 | -652 | - | - | - | - | -3 | -36 | -959 | -360 | -26 | -7 |
Net Long-Term Debt Issued (Repaid) | - | - | -402 | 850 | 0 | 850 | 1,800 | 596 | -193 | 173 | 0 | 0 | 750 | - | -3 | -36 | -959 | -360 | -26 | -7 |
Repurchase of Common Stock | - | - | - | - | - | - | 0 | 0 | -125 | -608 | 0 | -58 | -94 | - | -30 | -34 | -157 | -19 | - | - |
Net Common Stock Issued (Repurchased) | - | - | - | - | - | - | 0 | 0 | -125 | -608 | 0 | -58 | -94 | - | -30 | -34 | -157 | -19 | 0 | 0 |
Other Financing Activities | -16 | -53 | -64 | -34 | -54 | -46 | -84 | -114 | 3 | -38 | -39 | -44 | -105 | -50 | -51 | -42 | -35 | -38 | 0 | -28 |
Financing Cash Flow | -79 | 454 | 89 | 286 | 68 | 499 | 3,229 | 159 | -287 | -131 | -364 | -610 | -787 | 257 | -310 | -267 | -621 | -311 | -166 | -1,375 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | -1 | - | -1 | 0 | 3 | - | -1 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Net Cash Flow | 24 | -11 | -10 | 5 | 5 | 3 | 21 | -71 | 80 | -168 | 167 | -3 | -25 | 33 | -30 | 9 | 12 | -13 | 6 | -31 |
Free Cash Flow | 73 | -477 | -153 | -300 | -67 | -503 | -677 | -235 | 362 | -40 | 487 | 605 | 756 | -227 | 262 | 288 | 633 | 297 | 905 | 1,341 |
Free Cash Flow Growth | - | - | - | - | - | - | - | - | -52.12% | - | 85.88% | 110.07% | 19.43% | - | -71.05% | -78.52% | 81.38% | - | - | 794.00% |
FCF Margin | 1.40% | -9.69% | -3.55% | -6.34% | -1.36% | -10.87% | -15.65% | -5.14% | 7.11% | -0.77% | 9.53% | 10.79% | 12.63% | -4.29% | 5.19% | 5.09% | 9.99% | 4.99% | 16.93% | 22.34% |
Free Cash Flow Per Share | 0.13 | -0.84 | -0.28 | -0.61 | -0.14 | -1.02 | -1.39 | -0.50 | 0.76 | -0.08 | 0.96 | 1.19 | 1.47 | -0.44 | 0.51 | 0.55 | 1.20 | 0.56 | 1.70 | 2.45 |
Levered Free Cash Flow | 162 | 546 | -685 | 87 | 76 | 389 | 1,071 | -135 | 100 | 306 | 169 | -206 | 219 | 327 | 1,131 | -314 | -60 | 444 | 44 | 989 |
Unlevered Free Cash Flow | 327.45 | 119.2 | -215.68 | -134.5 | 58.4 | -73.59 | -636.05 | -360.6 | 254 | -175.02 | 177.59 | 331.89 | 835.43 | 53.2 | 48.41 | -98.69 | 438.79 | 744.07 | 200.65 | 1,027 |