Cleveland-Cliffs
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Cleveland-Cliffs's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 4% to $21,996,000,000. Profit margin reached 2%. Total operating expenses were $714,000,000.
Profit Margin
| 2014 | 4.62B | -7.18B | -155.48% |
|---|---|---|---|
| 2015 | 2.01B | -749.3M | -37.22% |
| 2016 | 2.10B | 174.1M | 8.26% |
| 2017 | 2.33B | 374.9M | 16.09% |
| 2018 | 2.33B | 1.12B | 48.37% |
| 2019 | 1.98B | 292.8M | 14.71% |
| 2020 | 5.35B | -82M | -1.53% |
| 2021 | 20.44B | 2.98B | 14.62% |
| 2022 | 22.98B | 1.33B | 5.81% |
| 2023 | 21.99B | 399M | 1.81% |
CLF Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 21.99B | 22.98B | 20.44B | 5.35B | 1.98B | 2.33B | 2.33B | 2.10B | 2.01B | 4.62B |
Cost of revenue | 20.60B | 20.47B | 15.91B | 5.10B | 1.41B | 1.52B | 1.82B | 1.71B | 1.77B | 4.17B |
Gross profit | 1.39B | 2.51B | 4.53B | 252M | 575.7M | 809.6M | 509.6M | 389.3M | 236.5M | 451.4M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 714M | 575M | 502M | 304M | 146.4M | 136.4M | 78.1M | 148.5M | 81.9M | 443.8M |
Operating income | 677M | 1.93B | 4.01B | 5M | 429.3M | 673.2M | 431.5M | 240.8M | 151.3M | -9.42B |
Other income (expenses), net | -80M | -143M | -209M | -51M | -117.2M | 10.4M | -282M | 166.7M | 161.8M | -9.71B |
Income before tax | 597M | 1.79B | 3.80B | -193M | 312.1M | 564.7M | 137.3M | 207M | 313.1M | -9.58B |
Income tax expense | 148M | 423M | 773M | -111M | 17.6M | -475.2M | -252.4M | -12.2M | 169.3M | -1.31B |
Net income | 399M | 1.33B | 2.98B | -82M | 292.8M | 1.12B | 374.9M | 174.1M | -749.3M | -7.18B |
Earnings per share | ||||||||||
Basic EPS | 0.78 | 2.57 | 6 | -0.22 | 1.06 | 3.8 | 1.3 | 0.88 | -4.89 | -46.96 |
Diluted EPS | 0.78 | 2.55 | 5.35 | -0.22 | 1.03 | 3.71 | 1.28 | 0.87 | -4.88 | -46.96 |
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