ClevelandCliffs Inc (0I0H.L)

Name: ClevelandCliffs Inc Financial Statements
Creator: Quarter Results

Basic Materials | Industrial Materials

Latest reporting period: 2025-09-30

Latest Quarter

2025-09-30

Revenue

$4.7B

Net Income

-$251M

Operating Margin

-3.7%

Free Cash Flow

-$590M

Debt / Assets

67.1%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for ClevelandCliffs Inc (0I0H.L).
Income Statement (Quarterly)	2025-09-30	2025-06-30	2025-03-31	2024-12-31
Revenue	4,734,000,000	4,934,000,000	4,629,000,000	4,325,000,000
Cost of Revenue	4,780,000,000	5,143,000,000	5,020,000,000	4,598,000,000
Gross Profit	-46,000,000	-209,000,000	-391,000,000	-273,000,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	130,000,000	137,000,000	133,000,000	139,000,000
Operating Expenses	130,000,000	289,000,000	147,000,000	192,000,000
Operating Income	-176,000,000	-498,000,000	-538,000,000	-465,000,000
Interest Expense	153,000,000	149,000,000	140,000,000	135,000,000
Income Before Tax	-309,000,000	-618,000,000	-630,000,000	-570,000,000
Income Tax Expense	-78,000,000	-148,000,000	-147,000,000	-136,000,000
Net Income	-251,000,000	-483,000,000	-495,000,000	-447,000,000
Per Share
EPS	-0.51	-0.97	-1.00	-0.92
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for ClevelandCliffs Inc (0I0H.L).
Income Statement (Annual)	2024-12-31	2023-12-31	2022-12-31
Revenue	19,185,000,000	21,996,000,000	22,989,000,000
Cost of Revenue	19,115,000,000	20,605,000,000	20,727,000,000
Gross Profit	70,000,000	1,391,000,000	2,262,000,000
Operating Expenses
R&D Expenses	0	0	0
SG&A Expenses	486,000,000	577,000,000	465,000,000
Operating Expenses	826,000,000	714,000,000	546,000,000
Operating Income	-756,000,000	677,000,000	1,716,000,000
Interest Expense	370,000,000	289,000,000	285,000,000
Income Before Tax	-943,000,000	597,000,000	1,796,000,000
Income Tax Expense	-235,000,000	148,000,000	423,000,000
Net Income	-754,000,000	399,000,000	1,335,000,000
Per Share
EPS	-1.57	0.78	2.57
EPS Diluted	0.00	0.00	0.00

Balance sheet quarterly history for ClevelandCliffs Inc (0I0H.L).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	54,000,000	198,000,000	26,000,000
Short Term Investments	0	0	0
Net Receivables	1,576,000,000	1,840,000,000	1,960,000,000
Inventory	5,094,000,000	4,460,000,000	5,130,000,000
Total Current Assets	6,907,000,000	6,636,000,000	7,422,000,000
Property Plant Equipment	9,942,000,000	8,895,000,000	9,070,000,000
Goodwill and Intangibles	2,938,000,000	1,206,000,000	1,344,000,000
Total Assets	20,947,000,000	17,537,000,000	18,755,000,000
Liabilities
Account Payables	2,008,000,000	2,099,000,000	2,186,000,000
Short Term Debt	113,000,000	0	136,000,000
Total Current Liabilities	3,322,000,000	3,508,000,000	3,549,000,000
Long Term Debt	7,659,000,000	3,500,000,000	4,249,000,000
Total Liabilities	14,050,000,000	9,415,000,000	10,713,000,000
Shareholders Equity
Retained Earnings	979,000,000	1,733,000,000	1,334,000,000
Total Shareholders Equity	6,664,000,000	7,887,000,000	7,791,000,000

Balance sheet annual history for ClevelandCliffs Inc (0I0H.L).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	54,000,000	198,000,000	26,000,000
Short Term Investments	0	0	0
Net Receivables	1,576,000,000	1,840,000,000	1,960,000,000
Inventory	5,094,000,000	4,460,000,000	5,130,000,000
Total Current Assets	6,907,000,000	6,636,000,000	7,422,000,000
Property Plant Equipment	9,942,000,000	8,895,000,000	9,070,000,000
Goodwill and Intangibles	2,938,000,000	1,206,000,000	1,344,000,000
Total Assets	20,947,000,000	17,537,000,000	18,755,000,000
Liabilities
Account Payables	2,008,000,000	2,099,000,000	2,186,000,000
Short Term Debt	113,000,000	0	136,000,000
Total Current Liabilities	3,322,000,000	3,508,000,000	3,549,000,000
Long Term Debt	7,659,000,000	3,500,000,000	4,249,000,000
Total Liabilities	14,050,000,000	9,415,000,000	10,713,000,000
Shareholders Equity
Retained Earnings	979,000,000	1,733,000,000	1,334,000,000
Total Shareholders Equity	6,664,000,000	7,887,000,000	7,791,000,000

Cash flow quarterly history for ClevelandCliffs Inc (0I0H.L).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	-754,000,000	450,000,000	1,332,000,000
Depreciation & Amortization	951,000,000	973,000,000	1,034,000,000
Stock Based Compensation	0	41,000,000	28,000,000
Change in Working Capital	-217,000,000	692,000,000	-171,000,000
Operating Cash Flow	105,000,000	2,267,000,000	2,423,000,000
Investing Activities
Capital Expenditure	-695,000,000	-646,000,000	-943,000,000
Investments	-695,000,000	-646,000,000	-943,000,000
Investing Cash Flow	-3,212,000,000	-591,000,000	-936,000,000
Financing Activities
Debt Repayment	3,827,000,000	-1,114,000,000	-1,103,000,000
Common Stock Issued/Repurchased	-733,000,000	-152,000,000	-240,000,000
Dividends Paid	0	0	0
Financing Cash Flow	2,970,000,000	-1,504,000,000	-1,509,000,000
Summary
Free Cash Flow	-590,000,000	1,621,000,000	1,480,000,000
Net Change in Cash	-144,000,000	172,000,000	-22,000,000

Cash flow annual history for ClevelandCliffs Inc (0I0H.L).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	-754,000,000	450,000,000	1,332,000,000
Depreciation & Amortization	951,000,000	973,000,000	1,034,000,000
Stock Based Compensation	0	41,000,000	28,000,000
Change in Working Capital	-217,000,000	692,000,000	-171,000,000
Operating Cash Flow	105,000,000	2,267,000,000	2,423,000,000
Investing Activities
Capital Expenditure	-695,000,000	-646,000,000	-943,000,000
Investments	-695,000,000	-646,000,000	-943,000,000
Investing Cash Flow	-3,212,000,000	-591,000,000	-936,000,000
Financing Activities
Debt Repayment	3,827,000,000	-1,114,000,000	-1,103,000,000
Common Stock Issued/Repurchased	-733,000,000	-152,000,000	-240,000,000
Dividends Paid	0	0	0
Financing Cash Flow	2,970,000,000	-1,504,000,000	-1,509,000,000
Summary
Free Cash Flow	-590,000,000	1,621,000,000	1,480,000,000
Net Change in Cash	-144,000,000	172,000,000	-22,000,000