Cleveland-Cliffs Inc. (CLF) financial statements (2020 and earlier)

Company profile

Business Address 200 PUBLIC SQUARE
CLEVELAND, OH 44114-2315
State of Incorp. OH
Fiscal Year End December 31
SIC 10 - Metal Mining (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3998231,008323285291336
Cash and cash equivalents3998231,008323285291336
Receivables224344141129155357402
Inventory, net of allowances, customer advances and progress billings 88183178330327391
Inventory 88183178330327391
Prepaid expense111939491110195216
Derivative instruments and hedges, assets739239    
Disposal group, including discontinued operation 12  15  
Other current assets4127285430193236
Other undisclosed current assets217 52495787(21)
Total current assets:1,0651,4801,5458259831,4491,560
Noncurrent Assets
Nontrade receivables63121    
Property, plant and equipment1,7701,2861,0519841,0591,41511,153
Long-term investments and receivables     731
Long-term investments     731
Intangible assets, net (including goodwill)     65170
Goodwill     275
Intangible assets, net (excluding goodwill)     6395
Deferred income tax assets438
Other noncurrent assets1159512311594144409
Other undisclosed noncurrent assets42548235  85(201)
Total noncurrent assets:2,4272,0501,4091,0991,1531,71511,562
TOTAL ASSETS:3,4913,5302,9531,9242,1363,16413,122
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities304335279273280679743
Accounts payable213187128108106272346
Accrued liabilities  344186255206
Employee-related liabilities5774565653100129
Taxes payable 363028355362
Interest and dividends payable34383140   
Debt 4444  9621
Derivative instruments and hedges, liabilities33      
Due to related parties  12 151425
Disposal group, including discontinued operation 73 7  
Other liabilities12283569187151203
Other undisclosed current liabilities  57261931994
Total current liabilities:4594684523915829591,086
Noncurrent Liabilities
Long-term debt and lease obligation2,1092,0932,3042,1752,6992,9623,023
Long-term debt, excluding current maturities2,1092,0932,3042,1752,6992,9623,023
Liabilities, other than long-term debt5645446416886669772,130
Pension and other postretirement defined benefit plans, liabilities294
Asset retirement obligations179172197194231256310
Deferred tax liabilities, net    511,147
Liability, pension and other postretirement and postemployment benefits233249258281221395
Disposal group, including discontinued operation, liabilities 8     
Other liabilities151115187214214275379
Total noncurrent liabilities:2,6732,6372,9452,8633,3653,9405,152
Total liabilities:3,1313,1053,3983,2543,9474,8986,238
Stockholders' equity
Stockholders' equity attributable to parent, including:360424(444)(1,464)(1,981)(1,431)6,070
Treasury stock, value(391)(186)(170)(246)(265)(286)(306)
Additional paid in capital3,8683,9173,9343,3472,2992,3102,330
Accumulated other comprehensive loss(266)(284)(39)(21)(18)(246)(113)
Retained earnings (accumulated deficit)(2,889)(3,060)(4,207)(4,574)(4,748)(3,961)3,407
Other undisclosed stockholders' equity attributable to parent38383830751751751
Stockholders' equity attributable to noncontrolling interest  0134170(303)815
Total stockholders' equity:360424(444)(1,331)(1,812)(1,734)6,884
TOTAL LIABILITIES AND EQUITY:3,4913,5302,9531,9242,1363,16413,122

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,1522,3322,3302,1092,0134,6245,691
Revenue, net2,3302,1092,0136,0027,011
Revenue from related parties8281,235
Cost of revenue
(Cost of Goods and Services Sold)
(1,501)(1,523)(1,829)(1,720)(1,777)(4,172)(4,542)
Gross profit:6518105023892374511,149
Operating expenses(140)(136)(78)(149)(85)(9,897)(478)
Other operating income (expense), net     (226)63
Other undisclosed operating income (loss)     226(63)
Operating income (loss):511673424241151(9,445)671
Nonoperating income (expense)(122)(109)(294)(34)162(158)(182)
Investment income, nonoperating     159141
Other nonoperating income (expense)51730(3)271
Interest and debt expense2002351,72130522629 
Other undisclosed loss from continuing operations before equity method investments, income taxes(200)(235)(1,721)(305)(226)(29) 
Income (loss) from continuing operations before equity method investments, income taxes:389565129207313(9,604)489
Loss from equity method investments    (0)(10)(74)
Income (loss) from continuing operations before income taxes:389565129207313(9,614)415
Income tax expense (benefit)46747525212(169)1,302(55)
Income (loss) from continuing operations:8551,040382219144(8,312)360
Income (loss) from discontinued operations(15)88(19)(20)(892) 2
Net income (loss):8411,128363199(748)(8,312)362
Net income (loss) attributable to noncontrolling interest  4(25)(1)1,08752
Other undisclosed net loss attributable to parent(2)      
Net income (loss) attributable to parent:8391,128367174(749)(7,224)414
Other undisclosed net loss available to common stockholders, basic    (38)(51)(49)
Net income (loss) available to common stockholders, diluted:8391,128367174(788)(7,275)365

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):8411,128363199(748)(8,312)362
Other comprehensive income (loss)(22)(245)(3)(4)223(138)(27)
Comprehensive income (loss):818883360196(525)(8,449)335
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  3(25)5531
Other undisclosed comprehensive loss, net of tax, attributable to parent(2)      
Comprehensive income (loss), net of tax, attributable to parent:817883363171(521)(8,445)366

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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