CLEVELAND-CLIFFS INC. CLF Cash Flow

Cleveland-cliffs inc. (CLF)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07
OPERATING ACTIVITIES
Net Income (Loss) Attributable to Parent
292,800	1,128,100	363,100	199,300	-748,400	-8,311,600	361,800	-1,126,600	1,812,600	1,019,900	205,100	537,000	285,600
Adjustments to reconcile net loss to net cash used by operating activities:
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	200
Depreciation, Depletion and Amortization
85,100	89,000	87,700	115,400	134,000	504,000	593,300	525,800	426,900	322,300	236,600	201,100	107,200
Impairment of long-lived assets
-	-	-	-	76,600	9,029,900	250,800	1,049,900	27,800	0	-	-	-
Equity loss in ventures (net of tax)
-	-	-	-	-	-	-74,400	-404,800	9,700	13,500	-65,500	-35,100	-11,200
Derivatives and currency hedges
-	-	-	-	-	-	-	-	69,000	39,000	204,500	-58,400	15,400
Foreign exchange loss (gains)
-	-	-	-	-	-	-	-	-	-39,100	-28,100	-	0
Share-based compensation
-	-	-	-	-	-	-	-	-	12,500	10,100	21,400	11,800
Pensions and other postretirement benefits
-	-	-	-	-	-	-	-	-	8,700	27,300	-32,900	-35,400
Deferred income taxes
16,800	-460,500	0	0	159,800	-1,153,900	-138,100	127,000	-66,600	15,200	60,800	-88,500	-33,100
Changes in deferred revenue and below-market sales contracts
-	-	-	-	-	-18,000	-52,800	-24,500	-146,000	39,300	-33,400	58,000	-34,200
Gain (Loss) on Extinguishment of Debt
-18,200	-6,800	-165,400	166,300	-392,900	-16,200	0	-	-	-	-	-	-
Loss on deconsolidation
-	-	-	17,500	-668,300	0	0	-	-	-	-	-	-
Loss (gain) on derivatives
-46,800	110,200	4,100	30,100	-	-	-	-	-	-	-	-	-
Foreign Currency Transaction Gain (Loss), Realized
0	228,100	0	0	-	-	-	-	-	-	-	-	-
Loss (gain) on sale of North American Coal mines
-	-	-	-	-	419,600	0	-	-	-	-	-	-
Loss on sale of Cliffs Logan County Coal
-	-	-	-	-	-	-	0	-	-	-	-	-
Impairment of securities
-	-	-	-	-	-	-	-	-	-	-	25,100	0
Gain on acquisition of controlling interests
-	-	-	-	-	-	-	-	-	40,700	-	-	-
Other
-65,400	-20,700	-45,500	-40,100	-61,100	11,600	3,300	40,900	18,700	-9,900	-3,800	-3,800	-15,000
Changes in operating assets and liabilities, net of business combination:
Receivables and other assets
-254,500	-51,700	246,300	-43,200	-369,100	82,800	-138,800	74,800	-81,400	204,600	24,200	55,400	-18,000
Property damage recoveries
-	-	-	-	-	-	-	-	-	-	-	-	0
Inventories
136,300	-43,500	4,200	-157,800	62,000	-37,800	-30,800	-39,900	74,500	-61,200	-7,700	44,600	-3,200
Payables, accrued expenses and other liabilities
-80,800	-62,500	-69,000	-73,900	-227,700	-38,300	-109,800	-366,100	324,600	89,700	-141,000	142,300	-14,800
Net cash used by operating activities
562,500	478,500	338,100	303,000	37,900	358,900	1,145,900	514,500	2,288,800	1,320,000	185,700	853,200	288,900
INVESTING ACTIVITIES
Net settlements in Canadian dollar foreign exchange contracts
-	-	-	-	-	-	-	-	-93,100	0	-	-	-
Investment in Consolidated Thompson senior secured notes
-	-	-	-	-	-	-	-	125,000	0	-	-	-
Purchase of noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	589,500	0
Payments to Acquire Property, Plant, and Equipment
639,000	208,600	134,900	7,400	80,800	284,100	861,600	1,127,500	880,700	266,900	116,300	182,500	199,500
Purchase of property, plant and equipment
-	-	-	-61,700	-	-	-	-	-	-	-	-	-
Acquisition of AK Steel, net of cash acquired
-	-	-	-	-	-	-	-	4,423,500	994,500	-	-	343,800
Payments for Deposits On Property, Plant and Equipment
17,000	87,500	16,800	-	-	-	-	-	-	-	-	-	-
Investments in DIP and pre-petition financing
-	-	-	-	-	0	0	-	-	-	-	-	-
Proceeds from DIP and prepetition financing
-	-	-	-	-	0	-	-	-	-	-	-	-
Proceeds (uses) from sale of North American Coal mines
-	-	-	-	-	155,000	0	-	-	-	-	-	-
Proceeds from sale of Cliffs Logan County Coal
-	-	-	-	-	-	-	0	-	-	-	-	-
Proceeds from sale of Sonoma
-	-	-	-	-	-	-	152,600	0	0	-	-	-
Investments in ventures
-	-	-	-	-	-	-	-	-	191,300	81,800	62,700	180,600
Other investing activities
-11,600	-23,000	4,300	-11,200	22,400	-25,500	-50,300	-13,100	-31,700	-85,000	-	-	-
Investment in marketable securities
-	-	-	-	-	-	-	-	-	-	14,900	30,400	85,300
Redemption of marketable securities
-	-	-	-	-	-	-	-	-	-	5,400	17,800	40,600
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	-	28,300	41,200	23,200
Proceeds from property damage insurance recoveries
-	-	-	-	-	-	-	-	-	-	-	10,500	0
Net cash used by investing activities
-644,400	-273,100	-156,000	-57,900	-103,200	-103,600	-811,300	-961,800	-5,304,400	-1,367,700	-179,300	-795,600	-745,400
FINANCING ACTIVITIES
Repayment of $200 million term loan
-	-	-	-	-	-	-	-	-	200,000	-	0	-
Repurchase of common shares
252,900	47,500	0	0	-	-	-	-	289,800	0	-	-	-
Dividends paid
72,100	0	0	-	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of Series A, Mandatory Convertible Preferred Stock, Class A
-	-	-	-	-	-	709,400	0	0	-	-	-	-
Net proceeds from issuance of common shares
0	0	661,300	287,400	0	0	285,300	0	853,700	0	347,300	-	0
Repayment of PinnOak debt
-	-	-	-	-	-	-	-	-	-	-	-	159,600
Proceeds from issuance of debt
720,900	0	1,771,500	0	503,500	0	0	497,000	998,100	1,388,100	-	325,000	0
Debt issuance costs
6,800	1,500	28,600	5,200	33,600	9,000	0	-	54,800	0	-	-	-
Repurchase of debt
729,300	234,500	1,720,700	305,400	225,900	28,800	0	0	-	-	-	-	-
Contributions (to)/by joint ventures, net
-	-	-	-	-	25,700	23,300	95,400	0	0	-	-	-
Repayment of equipment loans
-	-	-	-	-	-	-	-	-	-	9,700	8,400	6,900
Borrowings on term loan
-	-	-	-	-	-	-	-	1,250,000	0	-	-	-
Repayment of term loan
-	-	-	-	-	-	847,100	124,800	278,000	0	-	-	-
Borrowings under credit facilities
-	-	-	-	-	-	-	-	-	0	-	-	-
Repayment of bridge credit facility
-	-	-	-	-	-	-	-	-	0	-	-	-
Borrowings under credit facilities
-	-	-	105,000	309,800	1,219,500	670,500	1,012,000	1,000,000	450,000	-	540,000	1,195,000
Borrowings under revolving credit facility
-	-	-	-	-	-	-	-	-	-	279,700	-	-
Repayment under credit facilities
-	-	-	105,000	309,800	1,219,500	995,500	687,000	1,000,000	450,000	276,400	780,000	755,000
Proceeds from equipment loans
-	-	-	-	-	-	164,800	0	0	-	-	-	-
Repayments on equipment loans
-	-	-	95,600	45,400	20,900	3,000	0	-	-	-	-	-
Repayment of Consolidated Thompson convertible debentures
-	-	-	-	-	-	-	-	337,200	0	-	-	-
Repayment of senior notes
-	-	-	-	-	-	-	325,000	0	0	-	-	-
Acquisition of noncontrolling interest
0	0	105,000	0	0	-	-	-	-	-	-	-	-
Distributions of partnership equity
44,200	44,200	52,900	59,900	40,600	0	0	-	-	-	-	-	-
Common stock dividends
-	-	-	-	-	92,500	91,900	307,200	118,900	68,900	31,900	36,100	20,900
Preferred stock dividends
-	-	-	-	51,200	51,200	35,700	0	0	-	-	-	5,500
Contributions by (to) joint ventures, net
-	-	-	-	-	-	-	-	-	-	-	-10,500	1,900
Other financing activities
-9,700	-47,500	-26,700	-27,700	-45,800	-60,200	-52,000	-40,800	-48,000	-31,600	-4,700	2,400	1,100
Net cash provided (used) by financing activities
-394,100	-375,200	498,900	-206,400	61,000	-288,300	-171,900	119,600	1,975,100	1,087,600	304,300	32,400	250,100
Effect of exchange rate changes on cash
0	-2,300	3,300	-500	-1,400	-11,600	-22,400	1,300	-4,600	24,100	13,000	-68,100	11,800
Decrease in cash and cash equivalents, including cash classified within other current assets related to discontinued operations
-476,000	-172,100	684,300	38,200	-	-	-	-	-	-	-	-	-
Less: increase (decrease) in cash and cash equivalents from discontinued operations, classified within other current assets
5,400	17,000	-18,800	35,300	-	-	-	-	-	-	-	-	-
Cash and Cash Equivalents, Period Increase (Decrease)
-470,600	-155,100	665,500	73,500	-5,700	-44,600	140,300	-326,400	-1,045,100	1,064,000	323,700	21,900	-194,600