CLEVELAND-CLIFFS INC. CLF Cash Flow

Cleveland-cliffs inc. (CLF)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
OPERATING ACTIVITIES
Net Income (Loss) Attributable to Parent
-48,600	63,200	90,900	160,800	-22,100	609,500	437,800	165,100	-84,300	309,900	52,900	30,100	-29,800	80,800	-27,800	29,500	116,800	-57,900	6,000	65,200	-761,700	-1,368,200	-6,887,200	14,500	-70,700	-14,200	113,900	141,300	120,800	-1,870,800	78,500	274,300	391,400	208,900	752,900	427,400	423,400	384,500	297,400	260,600	77,400
Depreciation, Depletion and Amortization
34,400	22,000	22,200	21,000	19,900	20,400	19,200	25,500	23,900	21,400	21,500	21,600	23,200	26,500	26,800	26,900	35,200	34,900	35,600	30,500	33,000	73,600	144,000	145,300	141,100	155,300	153,100	144,300	140,600	143,500	132,900	132,100	117,300	120,600	119,700	106,800	79,800	82,800	84,400	88,500	66,600
Impairment of long-lived assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	76,600	1,256,800	7,770,700	2,400	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity loss in ventures (net of tax)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-382,100	-15,300	-500	-6,900	6,900	11,100	-11,300	3,000	5,100	3,600	8,200	-3,400
Derivatives and currency hedges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,000	-18,900	9,900	-15,400	-5,400	47,100	42,700	-128,800	60,600	25,300	81,900
Pensions and other postretirement benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-24,800	-	-	-	-	-	-	-	-
Deferred income taxes
-47,500	-	-	-	-4,100	-	-	-	-	-	-	-	-	-	-	-	-	-200	-2,600	-3,200	165,800	-73,200	-941,700	-154,100	15,100	-98,600	82,000	-75,200	-46,300	479,500	-93,300	-10,700	-248,500	-36,900	-105,600	61,700	14,200	-56,600	16,900	22,600	32,300
Changes in deferred revenue and below-market sales contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,700	-13,000	100	-23,300	10,300	-58,200	-113,900	15,800	112,300	-56,300	-76,800	60,100
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	0	-88,600	-4,900	-71,900	2,200	-18,300	3,600	178,800	-785,800	79,200	627,400	-313,700	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on deconsolidation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13,500	-13,400	134,700	-776,100	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on derivatives
-32,000	1,600	-75,600	21,500	5,700	-26,200	12,900	82,700	40,800	-43,400	28,400	1,400	17,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on acquisition of controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,100	0	38,600
Other
31,600	-16,000	-2,800	-32,700	-13,900	-15,000	6,900	13,300	-25,900	-26,500	-8,200	-10,000	-800	-8,500	-26,400	9,500	-14,700	-8,400	1,600	-22,700	-31,600	-11,000	45,000	-19,200	-3,200	7,100	48,500	-62,300	10,000	-14,800	15,000	35,000	5,700	22,400	6,400	-32,700	22,600	22,900	-43,800	16,100	-5,100
Changes in operating assets and liabilities, net of business combination:
Receivables and other assets
-254,100	-98,000	-28,700	76,200	-204,000	44,500	-34,400	134,500	-196,300	315,200	-600	18,200	-86,500	94,300	-33,900	-65,100	-38,500	-76,000	-156,500	-64,900	-71,700	181,700	-13,400	76,000	-161,500	-102,600	51,000	15,500	-102,700	-43,800	32,200	76,900	9,500	-143,900	69,600	-173,800	166,700	122,800	-50,600	181,500	-49,100
Inventories
244,100	6,900	-1,700	-97,800	228,900	-100,600	-68,500	-67,400	193,000	-21,900	-80,500	36,600	70,000	-136,200	-73,800	-13,900	66,100	-14,200	-141,200	62,500	154,900	-167,000	-122,500	37,200	214,500	-41,600	-95,000	-88,200	194,000	-110,300	-195,500	46,900	219,000	-54,000	-68,300	-32,700	229,500	-46,000	-90,200	5,500	69,500
Payables, accrued expenses and other liabilities
-109,200	-10,400	-7,600	25,400	-88,200	16,100	-74,000	66,300	-70,900	39,800	-52,700	33,900	-90,000	62,200	-38,300	-11,000	-86,800	8,500	-80,600	-2,900	-152,700	-15,800	51,200	44,000	-117,700	8,000	-47,500	68,900	-139,200	-113,800	36,600	-185,000	-103,900	185,100	168,600	-67,300	38,200	83,300	-45,000	71,200	-19,800
Net cash used by operating activities
-160,500	174,400	237,000	262,300	-111,200	289,800	238,000	93,600	-142,900	131,400	138,900	92,900	-25,100	230,900	91,400	107,200	-126,500	97,400	188,700	-20,000	-228,200	254,900	227,900	-41,900	-82,000	460,000	297,000	414,300	-25,400	239,000	308,300	96,200	-129,000	743,100	820,700	618,100	106,900	689,000	395,300	161,700	74,000
INVESTING ACTIVITIES
Net settlements in Canadian dollar foreign exchange contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-65,000	-28,100	-	-	-	-
Cost of Canadian dollar foreign exchange option
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	22,300	-	-	-	-
Acquisition of controlling interests, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-107,200
Payments to Acquire Property, Plant, and Equipment
138,100	191,100	153,500	160,300	134,100	97,200	69,300	-16,900	59,000	118,700	11,100	3,100	2,000	-38,400	25,600	9,800	10,400	22,900	23,500	18,500	15,900	50,900	68,900	61,000	103,300	119,400	241,000	270,800	230,400	333,900	276,600	275,900	241,100	401,800	234,400	178,800	65,700	116,800	87,100	44,100	18,900
Purchase of property, plant and equipment
-	-	-	-	-	-	-	-	-12,400	-	-18,400	-18,400	-25,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of AK Steel, net of cash acquired
869,300	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,200	-	-	1,200	100	9,100	800	105,100	76,300
Other investing activities
100	-400	-2,700	0	-8,500	-2,000	-21,000	0	0	-3,400	8,800	-600	-500	-4,900	-400	-400	-5,500	23,100	-300	-200	-200	-200	-9,300	-3,400	-12,600	-42,500	-6,900	1,100	-2,000	-4,200	-12,800	4,200	-300	-	-	-	-	-	-	-	-
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,300	300	-	-	-	200
Net cash used by investing activities
-1,007,500	-194,900	-157,100	-166,800	-125,600	-99,400	-73,900	-28,400	-71,400	-71,600	-36,100	-20,900	-27,400	-18,400	-25,200	-9,400	-4,900	-46,000	-23,200	-18,300	-15,700	104,300	-59,600	-57,600	-90,700	-76,900	-234,100	-271,900	-228,400	-177,100	-263,800	-268,900	-252,000	-385,800	-197,800	-4,683,400	-37,400	-75,100	-935,400	-155,000	-202,200
FINANCING ACTIVITIES
Repayment of $200 million term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400,000	0	0	-200,000
Repurchase of common shares
0	0	0	128,600	124,300	47,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
16,900	27,000	16,200	14,100	14,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of Series A, Mandatory Convertible Preferred Stock, Class A
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	709,400	-	-	-	0	-	-	-	-	-	-	-	-
Net proceeds from issuance of common shares
-	-	-	-	-	-	-	-	-	0	0	0	661,300	-200	287,600	0	0	-	-	-	-	-	-	-	-	0	0	-300	285,600	0	0	0	0	-	-	-	-	-	-	-	-
Proceeds from issuance of debt
716,200	0	0	720,900	0	-	-	-	-	713,700	557,800	0	500,000	0	0	0	0	0	0	0	503,500	-	-	0	0	-	-	-	-	-	-	-	-	0	0	298,800	699,300	100	992,900	0	395,100
Debt issuance costs
44,400	0	0	6,800	0	-	-	-	-	16,600	3,500	0	8,500	0	0	0	5,200	0	0	500	33,100	-	-	0	0	-	-	-	-	-	-	-	-	0	7,100	15,900	31,800	-	-	-	-
Repurchase of debt
429,900	0	0	719,000	10,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions (to)/by joint ventures, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,600	37,300	1,500	30,000	0	3,000	-11,000	8,000	-	-	-	-
Repayment of equipment loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	22,700	72,900	-	35,000	1,900	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	847,100	74,900	24,900	12,500	12,500	-	-	-	-	-	-	-	-
Borrowings under credit facilities
800,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	14,800	295,000	301,000	188,100	505,400	225,000	103,500	130,000	140,000	297,000	342,000	120,000	550,000	0	-	-	-	-	-	-	-	-
Repayment under credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	14,800	295,000	514,400	389,500	315,600	0	483,500	190,000	250,000	72,000	267,000	195,000	225,000	0	-	-	-	-	-	-	-	-
Repurchase of debt
-	-	-	-	-	-	-	-	0	-	566,700	38,500	1,115,500	-	301,000	0	0	-	92,600	0	133,300	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions of partnership equity
-	-	-	-	-	-	-	-	-	-100	44,300	0	8,700	7,400	24,400	17,000	11,100	8,900	14,600	17,100	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,000	23,500	23,000	23,000	23,100	22,800	23,100	22,900	89,400	89,000	89,100	39,700	40,100	40,800	19,000	19,000	19,000	19,100	19,000	11,800
Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,800	12,800	12,800	12,800	12,800	12,800	12,800	12,800	12,700	13,000	10,000	0	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
-19,900	-200	1,400	-2,500	-8,400	-1,800	-36,800	-1,900	-7,000	-9,700	-3,100	-8,300	-5,600	-8,400	-5,700	-9,400	-4,200	-7,000	-15,200	-9,300	-14,300	27,900	-35,600	-61,200	8,700	-103,200	64,500	-9,200	-4,100	-16,900	-12,800	-12,100	1,000	-20,900	-10,600	-9,700	-6,800	-6,100	-8,900	-7,500	-9,100
Net cash provided (used) by financing activities
1,005,100	-27,200	-59,000	-150,100	-157,800	-267,500	-82,000	-18,700	-7,000	687,500	-164,800	-46,800	23,000	-20,400	-43,500	-49,100	-93,400	-37,200	-170,200	-41,600	310,000	-305,700	-273,300	92,800	197,900	-333,900	-31,300	-152,600	345,900	92,400	-164,400	212,800	-21,200	-391,500	-292,800	2,032,000	627,400	-25,000	964,900	-26,500	174,200
Effect of exchange rate changes on cash
-	-	-	-	-	0	-1,300	-1,200	200	-400	1,300	1,000	1,400	-900	1,300	-400	-500	800	-1,300	400	-1,300	-6,600	-10,900	2,600	3,300	-12,500	3,900	-13,700	-100	1,400	200	-3,200	2,900	10,700	-23,100	3,700	4,100	8,400	17,100	-3,100	1,700
Decrease in cash and cash equivalents, including cash classified within other current assets related to discontinued operations
-162,900	-47,700	20,900	-54,600	-394,600	-77,100	80,800	45,300	-221,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: increase (decrease) in cash and cash equivalents from discontinued operations, classified within other current assets
2,800	1,000	1,200	4,800	-1,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase/Decrease in Cash and Cash Equivalents from Discontinued Operations, Classified within Other Current Assets
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and Cash Equivalents, Period Increase (Decrease)
-165,700	-46,700	22,100	-53,000	-393,000	-73,900	94,600	45,300	-221,100	751,200	-43,300	-14,300	-28,100	226,500	24,000	48,300	-225,300	15,000	-6,000	-79,500	64,800	46,900	-115,900	-4,100	28,500	36,700	35,500	-23,900	92,000	155,700	-119,700	36,900	-399,300	-23,500	307,000	-2,029,600	701,000	597,300	441,900	-22,900	47,700