Cleveland Historical Income Statement
| CLF Stock | USD 9.42 0.11 1.15% |
Historical analysis of Cleveland Cliffs income statement accounts such as Interest Expense of 388.5 M, Selling General Administrative of 510.3 M or Total Revenue of 20.1 B can show how well Cleveland Cliffs performed in making a profits. Evaluating Cleveland Cliffs income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Cleveland Cliffs's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Cleveland Cliffs latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Cleveland Cliffs is a good buy for the upcoming year.
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About Cleveland Income Statement Analysis
Cleveland Cliffs Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Cleveland Cliffs shareholders. The income statement also shows Cleveland investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Cleveland Cliffs Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Cleveland Cliffs generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Cleveland Cliffs minus its cost of goods sold. It is profit before Cleveland Cliffs operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Cleveland Cliffs. It is also known as Cleveland Cliffs overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Cleveland Cliffs' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Cleveland Cliffs current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cleveland Cliffs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more detail on how to invest in Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.At this time, Cleveland Cliffs' Selling General Administrative is most likely to increase significantly in the upcoming years. The Cleveland Cliffs' current Total Revenue is estimated to increase to about 20.1 B, while Operating Income is forecasted to increase to (718.2 M).
| 2022 | 2023 | 2024 | 2025 (projected) | Gross Profit | 2.5B | 1.4B | 70M | 66.5M | Total Revenue | 23.0B | 22.0B | 19.2B | 20.1B |
Cleveland Cliffs income statement Correlations
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Cleveland Cliffs Account Relationship Matchups
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Cleveland Cliffs income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Depreciation And Amortization | 308M | 904M | 1.0B | 973M | 951M | 998.6M | |
| Interest Expense | 238M | 337M | 276M | 289M | 370M | 388.5M | |
| Selling General Administrative | 244M | 422M | 465M | 577M | 486M | 510.3M | |
| Total Revenue | 5.4B | 20.4B | 23.0B | 22.0B | 19.2B | 20.1B | |
| Gross Profit | 252M | 4.5B | 2.5B | 1.4B | 70M | 66.5M | |
| Other Operating Expenses | 5.4B | 16.4B | 21.0B | 21.3B | 19.9B | 20.9B | |
| Operating Income | 5M | 4.0B | 1.9B | 677M | (756M) | (718.2M) | |
| Ebit | 2M | 4.1B | 2.1B | 886M | (573M) | (544.4M) | |
| Ebitda | 310M | 5.0B | 3.1B | 1.9B | 378M | 652.0M | |
| Cost Of Revenue | 5.1B | 15.9B | 20.5B | 20.6B | 19.1B | 20.1B | |
| Total Operating Expenses | 304M | 502M | 575M | 714M | 826M | 867.3M | |
| Income Before Tax | (193M) | 3.8B | 1.8B | 597M | (943M) | (895.9M) | |
| Total Other Income Expense Net | (51M) | (209M) | (143M) | (80M) | (187M) | (196.4M) | |
| Net Income | (82M) | 3.0B | 1.3B | 399M | (754M) | (716.3M) | |
| Income Tax Expense | (111M) | 773M | 423M | 148M | (235M) | (223.3M) | |
| Net Income Applicable To Common Shares | 292.8M | (122M) | 3.0B | 1.3B | 1.5B | 1.6B | |
| Extraordinary Items | 88.2M | (1.7M) | 1M | 3M | 3.5M | 3.6M | |
| Minority Interest | 41M | 45M | (41M) | (51M) | (46M) | (48.3M) | |
| Net Income From Continuing Ops | (82M) | 3.0B | 1.4B | 449M | (708M) | (672.6M) | |
| Discontinued Operations | 88M | (1.7M) | 1M | 3M | 3.5M | 3.6M | |
| Tax Provision | (111M) | 773M | 423M | 148M | (235M) | (223.3M) | |
| Interest Income | 101.2M | 238M | 337M | 276M | 317.4M | 222.8M | |
| Net Interest Income | (238M) | (337M) | (276M) | (289M) | (370M) | (351.5M) | |
| Reconciled Depreciation | 308M | 897M | 1.0B | 973M | 951M | 608.4M |
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When determining whether Cleveland Cliffs is a strong investment it is important to analyze Cleveland Cliffs' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cleveland Cliffs' future performance. For an informed investment choice regarding Cleveland Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cleveland Cliffs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more detail on how to invest in Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cleveland Cliffs. If investors know Cleveland will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cleveland Cliffs listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.99) | Earnings Share (1.57) | Revenue Per Share | Quarterly Revenue Growth (0.15) | Return On Assets |
The market value of Cleveland Cliffs is measured differently than its book value, which is the value of Cleveland that is recorded on the company's balance sheet. Investors also form their own opinion of Cleveland Cliffs' value that differs from its market value or its book value, called intrinsic value, which is Cleveland Cliffs' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cleveland Cliffs' market value can be influenced by many factors that don't directly affect Cleveland Cliffs' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cleveland Cliffs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cleveland Cliffs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cleveland Cliffs' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.