NYSE: CLF
CLEVELAND-CLIFFS INC.CIK 0000764065 · Materials · SIC 1000 · Metal Mining
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Latest financial statements
From 10-Q filed Jul 23, 2026 (period ending Jun 30, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q2 ended Jun 30, 2026 | Q1 ended Mar 31, 2026 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 5,226 | 4,922 |
| Cost of revenue / cost of sales | 5,094 | 5,004 |
| Operating expenses: | ||
| Selling, general and administrative | 154.0 | 125.0 |
| Total operating expenses | 5,275 | 5,135 |
| Operating income | (49.0) | (213.0) |
| Other income/(expense), net | (103.0) | (94.0) |
| Income before income taxes | (152.0) | (307.0) |
| Income tax expense/(benefit) | (20.0) | (81.0) |
| Net income | (145.0) | (237.0) |
| Basic earnings per share | (0.25) | (0.42) |
| Diluted earnings per share | (0.25) | (0.42) |
Consolidated Balance Sheets (Unaudited)
| Description | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 70.0 | 45.0 |
| Accounts receivable, net | 2,044 | 1,882 |
| Inventories | 2,319 | 2,379 |
| Prepaid expenses and other current assets | 175.0 | 192.0 |
| Other current assets | 2,206 | 2,212 |
| Total current assets | 6,814 | 6,710 |
| Property, plant and equipment, net | 9,239 | 9,345 |
| Finite-lived intangible assets, net | 1,063 | 1,102 |
| Goodwill | 1,784 | 1,800 |
| Deferred income taxes and other assets | 668.0 | 643.0 |
| Other long-term assets | 547.0 | 515.0 |
| TOTAL ASSETS | 20,115 | 20,115 |
| Current liabilities: | ||
| Accounts payable | 2,159 | 2,011 |
| Accrued liabilities | 378.0 | 346.0 |
| Other current liabilities | 1,069 | 966.0 |
| Total current liabilities | 3,606 | 3,323 |
| Long-term debt | 7,703 | 7,763 |
| Deferred income taxes and other liabilities | 1,376 | 1,381 |
| Other long-term liabilities | 1,612 | 1,629 |
| Total liabilities | 14,297 | 14,096 |
| Shareholders' equity: | ||
| Capital in excess of stated value | 5,746 | 5,732 |
| Accumulated other comprehensive income (loss) | 1,336 | 1,425 |
| Retained earnings (deficit) | (911.0) | (766.0) |
| Treasury stock | 643.0 | 645.0 |
| Total shareholders' equity | 5,604 | 5,822 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 20,115 | 20,115 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended Jun 30, 2026 | Q1 ended Mar 31, 2026 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | (95.0) | (325.0) |
| Investing Activities: | ||
| Net cash from investing activities | (266.0) | (140.0) |
| Financing Activities: | ||
| Net cash from financing activities | 375.0 | 454.0 |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗