Cleveland-Cliffs market cap is $11.7 b, and annual revenue was $5.35 b in FY 2020

Cleveland-Cliffs Gross profit (Q1, 2021)288 M

Cleveland-Cliffs Gross profit margin (Q1, 2021), %7.1%

Cleveland-Cliffs Net income (Q1, 2021)57 M

Cleveland-Cliffs EBIT (Q1, 2021)177 M

Cleveland-Cliffs Cash, 31-Mar-2021110 M

Cleveland-Cliffs EV17.3 B

Cleveland-Cliffs revenue was $5.35 b in FY, 2020 which is a 169.1% year over year increase from the previous period.

Cleveland-Cliffs revenue breakdown by business segment: 7.3% from Other Businesses and 92.7% from Steelmaking

Cleveland-Cliffs revenue breakdown by geographic segment: 11.2% from Canada, 85.5% from United States and 3.2% from Other

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Revenue | 2.3b | 2.0b | 5.4b |

| (15%) | 169% | |

## Cost of goods sold | 1.5b | 1.4b | 5.1b |

## Gross profit | 809.6m | 575.7m | 252.0m |

| 35% | 29% | 5% |

## General and administrative expense | 116.8m | 119.4m | 244.0m |

## Operating expense total | 136.4m | 146.4m | 394.0m |

## EBIT | 673.2m | 429.3m | (142.0m) |

| 29% | 22% | (3%) |

## Interest expense | 118.9m | 101.2m | 238.0m |

## Pre tax profit | 564.7m | 312.1m | (193.0m) |

## Income tax expense | (475.2m) | 17.6m | (111.0m) |

## Net Income | 1.1b | 292.8m | (81.0m) |

## EPS | 3.7 | 3.7 | (0.3) |

USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 239.0m | 714.3m | 741.8m | 157.0m | 743.2m | 555.6m | 359.1m | 1.1b | 1.6b | 4.0b |

## Cost of goods sold | 242.6m | 429.8m | 480.2m | 126.1m | 480.2m | 400.7m | 356.0m | 1.2b | 1.5b | 3.8b |

## Gross profit | (3.6m) | 284.5m | 261.6m | 30.9m | 263.0m | 154.9m | 3.1m | (114.8m) | 120.6m | 288.0m |

| (2%) | 40% | 35% | 20% | 35% | 28% | 1% | (11%) | 7% | 7% |

## General and administrative expense | 27.7m | 26.2m | 30.1m | 28.1m | 30.6m | 25.5m | 26.1m | 62.1m | 59.6m | 95.0m |

## Operating expense total | 36.4m | 30.3m | 36.1m | 31.7m | 36.2m | 33.3m | 81.9m | 93.6m | 82.6m | 111.0m |

## EBIT | (40.0m) | 254.2m | 225.5m | (800.0k) | 226.8m | 121.6m | (78.8m) | (208.4m) | 38.0m | 177.0m |

| (17%) | 36% | 30% | (1%) | 31% | 22% | (22%) | (19%) | 2% | 4% |

## Interest expense | 33.5m | 31.2m | 29.5m | 25.1m | 26.1m | 25.3m | 29.7m | 68.7m | 68.2m | 92.0m |

## Pre tax profit | (69.1m) | 227.6m | 200.3m | (25.8m) | 183.4m | 96.6m | (100.6m) | (132.5m) | (20.2m) | 66.0m |

## Income tax expense | 15.7m | (1.8m) | 500.0k | (3.7m) | 22.0m | 4.8m | (51.4m) | (24.7m) | (22.4m) | 9.0m |

## Net Income | (84.3m) | 165.1m | 437.8m | (22.1m) | 160.8m | 90.9m | (48.6m) | (108.1m) | 1.9m | 57.0m |

## EPS | (0.3) | 0.6 | 1.4 | (0.1) | 0.6 | 0.3 | (0.2) | (0.3) | 0.0 |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Cash | 823.2m | 352.6m | 112.0m |

## Accounts Receivable | 226.7m | 94.0m | 1.2b |

## Inventories | 181.1m | 317.4m | 3.8b |

## Current Assets | 1.5b | 897.9m | 5.3b |

## PP&E | 1.3b | 1.9b | 8.7b |

## Goodwill | 1.4b | ||

## Total Assets | 3.5b | 3.5b | 16.8b |

## Accounts Payable | 186.8m | 193.2m | 1.6b |

## Short-term debt | 38.4m | ||

## Current Liabilities | 468.2m | 409.4m | 2.9b |

## Long-term debt | 2.1b | 2.1b | 5.4b |

## Total Debt | 2.1b | 2.1b | 5.4b |

## Total Liabilities | 3.1b | 3.1b | 13.7b |

## Common Stock | 37.7m | 37.7m | 63.0m |

## Preferred Stock | 738.0m | ||

## Additional Paid-in Capital | 3.9b | 3.9b | 5.4b |

## Retained Earnings | (3.1b) | (2.8b) | (3.0b) |

## Total Equity | 424.2m | 357.9m | 2.3b |

## Debt to Equity Ratio | 5 x | 5.9 x | 2.3 x |

## Debt to Assets Ratio | 0.6 x | 0.6 x | 0.3 x |

## Financial Leverage | 8.3 x | 9.8 x | 7.2 x |

USD | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Net Income | 1.1b | 292.8m | (81.0m) |

## Depreciation and Amortization | 89.0m | 85.1m | 404.0m |

## Inventories | 42.9m | (136.3m) | (146.0m) |

## Cash From Operating Activities | 478.5m | 562.5m | (261.0m) |

## Purchases of PP&E | (296.1m) | (656.0m) | (525.0m) |

## Cash From Investing Activities | (273.1m) | (644.4m) | (2.0b) |

## Long-term Borrowings | (234.5m) | (729.3m) | (1.6b) |

## Dividends Paid | (44.2m) | (116.3m) | (102.0m) |

## Cash From Financing Activities | (375.2m) | (394.1m) | 2.1b |

## Net Change in Cash | (155.1m) | (470.6m) | (244.0m) |

## Interest Paid | 105.7m | 97.6m | 170.0m |

## Income Taxes Paid | 2.9m | 200.0k | 5.0m |

USD | Q1, 2018 |
---|---|

## Debt/Equity | -4.8 x |

## Debt/Assets | 0.8 x |

## Financial Leverage | -5.9 x |

FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 | |
---|---|---|---|---|

## Locations | 33 | |||

## Active Iron Ore Mines | 4 | 4 | 4 | 5 |

## Cokemaking Facilities | 5 | |||

## Annual Pellet Production Capacity, long tons | 27.4 m | 27.4 m | 27.4 m | 28 m |

## Annual Raw Steel Production Capacity, tons | 23 m | |||

## Annual Coke Production Capacity, tons | 3.9 m | |||

## Annual Coal Production Capacity, tons | 2.3 m | |||

## Iron Ore Pellets Produced, long tons | 25.5 m | 26.3 m | 25.7 m | 17 m |

## Raw Steel Produced, tons | 4 m | |||

## Coke Produced, tons | 1 m | |||

## Coal Produced, tons | 1.6 m | |||

## Iron Ore Proven Reserves, long tons | 1.07 b | 1.07 b | 731.1 m | 833 m |

## Iron Ore Probable Reserves, long tons | 1.08 b | 1.06 b | 1.62 b | 1.6 b |

## Iron Ore Proven & Probable Reserves, long tons | 2.15 b | 2.12 b | 2.35 b | 2.43 b |

## Recoverable Coal Proven Reserves, tons | 114.2 m | |||

## Recoverable Coal Probable Reserves, tons | 37.5 m | |||

## Recoverable Coal Proven & Probable Reserves, tons | 151.7 m | |||

## Iron Ore Products Sold, long tons | 18.7 m | 20.6 m | 18.6 m | 11.71 m |

## Steel Products Sold, tons | 3.78 m |