CLF - Cleveland-Cliffs Inc.
NYSE
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Basic Materials
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Steel
Cleveland,
United States
Type: Equity
CLF price evolution
CLF
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $110 | $30 | $198 | $31 |
| Short term investments | ||||
| Net receivables | $1773 | $1868 | $1840 | $2122 |
| Inventory | $4199 | $4449 | $4460 | $4592 |
| Total current assets | $6192 | $6469 | $6636 | $6941 |
| Long term investments | ||||
| Property, plant & equipment | $8728 | $8771 | $8895 | $8837 |
| Goodwill & intangible assets | $1005 | $1005 | $1005 | $1130 |
| Total noncurrent assets | $10736 | $10767 | $10901 | $11118 |
| Total investments | ||||
| Total assets | $16928 | $17236 | $17537 | $18059 |
| Current liabilities | ||||
| Accounts payable | $2080 | $2051 | $2099 | $2076 |
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | $3318 | $3396 | $3508 | $3294 |
| Long term debt | $3507 | $3664 | $3137 | $3458 |
| Total noncurrent liabilities | $6238 | $6398 | $5907 | $6501 |
| Total debt | $3507 | $3664 | $3137 | $3458 |
| Total liabilities | $9556 | $9794 | $9415 | $9795 |
| Shareholders' equity | ||||
| Retained earnings | $1668 | $1666 | $1733 | $1888 |
| Other shareholder equity | $1666 | $1648 | $1657 | $1647 |
| Total shareholder equity | $7110 | $7201 | $7887 | $8020 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $198 | $26 | $48 | $112 |
| Short term investments | ||||
| Net receivables | $1840 | $1960 | $2154 | $1169 |
| Inventory | $4460 | $5130 | $5188 | $3828 |
| Total current assets | $6636 | $7422 | $7653 | $5298 |
| Long term investments | $105 | |||
| Property, plant & equipment | $8895 | $9070 | $9186 | $8743 |
| Goodwill & intangible assets | $1005 | $1130 | $1116 | $1406 |
| Total noncurrent assets | $10901 | $11333 | $11322 | $11473 |
| Total investments | ||||
| Total assets | $17537 | $18755 | $18975 | $16771 |
| Current liabilities | ||||
| Accounts payable | $2099 | $2186 | $2073 | $1575 |
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | $3508 | $3549 | $3561 | $2929 |
| Long term debt | $3137 | $4371 | $5238 | $5390 |
| Total noncurrent liabilities | $5907 | $7164 | $9640 | $10763 |
| Total debt | $3137 | $4249 | $5238 | $5390 |
| Total liabilities | $9415 | $10964 | $13201 | $13692 |
| Shareholders' equity | ||||
| Retained earnings | $1733 | $1334 | -$1 | -$2989 |
| Other shareholder equity | $1657 | $1830 | $618 | -$133 |
| Total shareholder equity | $7887 | $7791 | $5490 | $2018 |
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $5092 | $5199 | $5112 | $5605 |
| Cost of revenue | $4930 | $4914 | $4944 | $5125 |
| Gross Profit | $162 | $285 | $168 | $480 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $103 | $132 | $157 | $144 |
| Total operating expenses | $143 | $300 | $294 | $144 |
| Operating income | $19 | -$15 | -$126 | $336 |
| Income from continuing operations | ||||
| EBIT | $56 | -$11 | -$62 | $363 |
| Income tax expense | -$15 | -$8 | $30 | $29 |
| Interest expense | $69 | $64 | $63 | $70 |
| Net income | ||||
| Net income | $2 | -$67 | -$155 | $264 |
| Income (for common shares) | $2 | -$67 | -$155 | $264 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $21996 | $22989 | $20444 | $5354 |
| Cost of revenue | $20605 | $20471 | $15910 | $5102 |
| Gross Profit | $1391 | $2518 | $4534 | $252 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $577 | $465 | $422 | $244 |
| Total operating expenses | $714 | $469 | $442 | $334 |
| Operating income | $677 | $2049 | $4092 | -$82 |
| Income from continuing operations | ||||
| EBIT | $836 | $2034 | $4098 | $5 |
| Income tax expense | $148 | $423 | $773 | -$111 |
| Interest expense | $289 | $276 | $337 | $238 |
| Net income | ||||
| Net income | $399 | $1335 | $2988 | -$122 |
| Income (for common shares) | $399 | $1335 | $2988 | -$122 |
| (in millions $) | 30 Jun 2024 | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Net income | $2 | -$67 | -$155 | $264 |
| Operating activities | ||||
| Depreciation | $228 | $230 | $235 | $249 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | ||||
| Total cash flows from operations | $519 | $142 | $652 | $767 |
| Investing activities | ||||
| Capital expenditures | -$157 | -$182 | -$165 | -$162 |
| Investments | ||||
| Total cash flows from investing | -$152 | -$179 | -$121 | -$160 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$125 | -$608 | -$58 | |
| Net borrowings | -$165 | $502 | -$325 | -$508 |
| Total cash flows from financing | -$287 | -$131 | -$364 | -$610 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | $80 | -$168 | $167 | -$3 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $399 | $1335 | $2988 | -$122 |
| Operating activities | ||||
| Depreciation | $973 | $1034 | $897 | $308 |
| Business acquisitions & disposals | -$31 | -$707 | -$1527 | |
| Stock-based compensation | ||||
| Total cash flows from operations | $2267 | $2423 | $2785 | -$261 |
| Investing activities | ||||
| Capital expenditures | -$646 | -$943 | -$705 | -$525 |
| Investments | ||||
| Total cash flows from investing | -$591 | -$936 | -$1379 | -$2042 |
| Financing activities | ||||
| Dividends paid | -$41 | |||
| Sale and purchase of stock | -$152 | -$240 | $322 | |
| Net borrowings | -$1148 | -$1103 | -$319 | $2174 |
| Total cash flows from financing | -$1504 | -$1509 | -$1470 | $2059 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | $172 | -$22 | -$64 | -$241 |
News
Fundamentals
| Market cap | $6.39B |
|---|---|
| Enterprise value | $9.79B |
| Shares outstanding | 468.04M |
| Revenue | $21.01B |
|---|---|
| EBITDA | $1.29B |
| EBIT | $346.00M |
| Net Income | $44.00M |
| Revenue Q/Q | -14.91% |
| Revenue Y/Y | -4.40% |
| P/E ratio | 145.30 |
|---|---|
| EV/Sales | 0.47 |
| EV/EBITDA | 7.60 |
| EV/EBIT | 28.30 |
| P/S ratio | 0.30 |
| P/B ratio | 1.17 |
| Book/Share | 11.63 |
| Cash/Share | 0.24 |
| EPS | $0.09 |
|---|---|
| ROA | 0.25% |
| ROE | 0.58% |
| Debt/Equity | 1.19 |
|---|---|
| Net debt/EBITDA | 7.33 |
| Current ratio | 1.87 |
| Quick ratio | 0.60 |