CLF · XBRL financial data

Cleveland-Cliffs financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (CLF's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	5,354	20,444	22,989	21,996	19,185	18,610
Cost of goods and services sold	5,102	15,910	20,471	20,605	19,115	19,470
Selling, general and administrative	244	422	465	577	486	543
Other operating income (expense)	(60)	(80)	(110)	0	(88)	(50)
Operating income (loss)	(142)	4,012	1,939	677	(756)	(1,579)
Other income (expense)	57	6	(4)	5	(37)	1
Income tax expense (benefit)	(111)	773	423	148	(235)	(581)
Net income (loss)	(122)	2,988	1,335	399	(754)	(1,478)
Earnings per share, basic USD per share	(0.32)	5.63	2.57	0.78	(1.57)	(2.91)
Earnings per share, diluted USD per share	(0.32)	5.36	2.55	0.78	(1.57)	(2.91)
Weighted average shares, basic millions of shares	379	498	519	510	480	508
Weighted average shares, diluted millions of shares	379	558	524	511	480	508

Fiscal years (CLF's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	112	48	26	198	54	57
Accounts receivable	1,169	2,154	1,960	1,840	1,576	1,442
Inventory	3,828	5,188	5,130	4,460	5,094	4,772
Total current assets	5,298	7,653	7,422	6,636	6,907	6,435
Property and equipment, net	8,743	9,186	9,070	8,895	9,942	9,481
Right-of-use asset	—	—	—	228	351	292
Goodwill	1,406	1,116	1,130	1,005	1,768	1,814
Total assets	16,771	18,975	18,755	17,537	20,947	20,012
Accounts payable	1,575	2,073	2,186	2,099	2,008	1,893
Accrued liabilities	—	—	383	380	375	396
Current portion of long-term debt	34	—	—	—	—	—
Total current liabilities	2,929	3,561	3,549	3,508	3,322	3,302
Long-term debt	5,390	5,238	4,249	3,137	7,065	7,253
Lease liability, non-current	211	220	195	197	275	234
Total liabilities	13,692	13,201	10,713	9,415	14,050	13,689
Retained earnings (accumulated deficit)	(2,989)	(1)	1,334	1,733	979	(529)
Total stockholders' equity	2,018	5,490	7,791	7,887	6,664	6,116
Total liabilities and equity	16,771	18,975	18,755	17,537	20,947	20,012
Common shares outstanding (cover page) millions of shares	499	525	515	498	494	570

Fiscal years (CLF's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(122)	2,988	1,335	399	(754)	(1,478)
Depreciation and amortization	308	897	1,034	973	951	1,235
Net cash from operating activities	(261)	2,785	2,423	2,267	105	(462)
Purchases of property and equipment	525	705	943	646	695	561
Net cash from investing activities	(2,042)	(1,379)	(936)	(591)	(3,212)	(479)
Proceeds from issuing common stock	0	322	0	0	0	951
Share repurchases	0	0	240	152	733	0
Dividends paid	41	—	—	—	—	—
Repayments of long-term debt	1,023	1,372	1,358	0	845	685
Net cash from financing activities	2,059	(1,470)	(1,509)	(1,504)	2,970	942
Net change in cash	(244)	(64)	(22)	172	—	—

SIC 1000 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 1000 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Cleveland-Cliffs	77	5,612	224*	570.6M	—	Q3 FY26 10-QSep 30, 2026
MP Materials	429	108	6.8*	178.1M	—	Q2 FY26 10-QJun 30, 2026
TMC the metals	99	not reported	(20)*	441.1M	4.9 quarters	Q2 FY26 10-QJun 30, 2026
Southern Copper	4,824	4,697	2,224	844.3M	—	Q3 FY26 10-QSep 30, 2026
Ivanhoe Electric	257	0.7	(20)*	159.6M	12.9 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.