Cleveland-cliffs inc. (CLF)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Operating costs:
Revenues

1,989

2,332

1,866

1,554

2,013

3,373

3,890

5,872

6,563

4,483

2,342

3,609

2,275

Cost of goods sold

1,414

1,522

1,398

1,274

1,776

2,487

2,406

4,700

3,953

3,025

2,030

2,449

1,813

Sales margin

575

809

467

280

236

885

1,484

1,172

2,610

1,458

311

1,159

462

Other operating income (expense):
Royalties and management fee revenue

-

-

-

-

-

-

-

-

-

-

-

21

14

Selling, general and administrative expenses

119

113

102

115

110

154

163

282

248

171

117

188

114

Exploration costs

-

-

-

-

-

-

-

142

80

33

-

-

-

Impairment of goodwill and other long-lived assets

-

-

-

-

-

635

14

1,049

27

0

-

-

-

Gain (loss) on disposal of other assets

-

-

-

-

-

-

-

1

-

-

-

-

-

Acquisition-related costs

-

-

-

-

-

-

-

-

-25

0

-

-

-

Miscellaneous - net

-27

-22

25

-33

24

34

74

-6

67

-20

42

2

-2

Terminated acquisition costs

-

-

-

-

-

-

-

-

-

-

-

90

0

Gain on sale of other assets - net

-

-

-

-

-

-

-

-

-

-

-

22

18

Casualty recoveries

-

-

-

-

-

-

-

-

-

-

-

10

3

Total other operating expense

146

136

77

149

85

755

104

1,480

314

225

75

220

80

Operating loss

429

673

390

130

151

130

1,380

-308

2,296

1,232

236

938

381

Other income (expense):
Interest expense, net

-101

-118

-126

-193

-228

-176

-186

-195

-206

-59

-

-

-

Gain on acquisition of controlling interests

-

-

-

-

-

-

-

-

-

40

-

-

-

Changes in fair value of foreign currency contracts, net

-

-

-

-

-

-

-

-

101

39

85

-188

0

Gain (Loss) on Extinguishment of Debt

-18

-6

-165

166

392

16

0

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

10

26

20

Interest expense

-

-

-

-

-

-

-

-

-

-

39

39

22

Impairment of securities

-

-

-

-

-

-

-

-

-

-

-

25

0

Other non-operating income

2

17

10

7

-2

10

-3

2

-2

12

2

4

1

Total other expense

-117

-108

-282

-20

161

-149

-189

-193

-106

33

60

-222

-0

Loss from continuing operations before income taxes

312

564

108

110

313

-19

1,190

-501

2,190

1,266

296

716

380

Income tax benefit

17

-475

-252

-12

169

-86

237

255

407

282

22

144

84

EQUITY LOSS FROM VENTURES, net of tax

-

-

-

-

-0

-9

-74

-404

9

13

-65

-35

-11

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

294

1,039

360

122

143

56

878

-1,162

1,792

997

208

-

285

Income from discontinued operations, net of tax

-1

88

2

76

-892

-8,368

-517

35

20

22

-3

-

0

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

292

1,128

363

199

-748

-8,311

361

-1,126

1,812

1,019

205

537

285

Income attributable to noncontrolling interest

0

0

-3

25

0

-1,087

-51

-227

193

0

-

21

15

Net Income (Loss) Attributable to Parent

-

-

-

-

-749

-7,224

413

-899

1,619

1,019

205

515

270

PREFERRED STOCK DIVIDENDS

-

-

-

-

38

51

48

0

0

-

-

1

5

Net loss attributable to Cliffs shareholders

292

1,128

367

174

-787

-7,275

364

-899

1,619

-

-

514

264

Earnings Per Share, Basic [Abstract]
Earnings Per Share [Abstract]
Continuing operations (in dollars per share)

1.07

3.50

1.27

0.49

0.63

-0.14

5.37

-6.57

11.41

7.37

1.67

-

-

Discontinued operations (in dollars per share)

-0.01

0.30

0.01

0.39

-5.77

-47.38

-2.97

0.25

0.14

0.17

-0.03

-

-

Earnings Per Share, Basic

1.06

3.80

1.28

0.88

-5.14

-47.52

2.40

-6.32

11.55

7.54

1.64

5.07

3.19

Earnings Per Share, Diluted [Abstract]
Continuing operations (in dollars per share)

1.04

3.42

1.25

0.49

0.63

-0.14

4.95

-6.57

11.34

7.32

1.66

-

-

Discontinued operations (in dollars per share)

-0.01

0.29

0.01

0.38

-5.76

-47.38

-2.58

0.25

0.14

0.17

-0.03

-

-

Earnings Per Share, Diluted

1.03

3.71

1.26

0.87

-5.13

-47.52

2.37

-6.32

11.48

7.49

1.63

4.76

2.57

Average number of shares (in thousands)
Basic

276

297

288

197

153

153

151

142

140

135

124

101

82

Weighted Average Number of Shares Outstanding, Diluted

284

304

293

200

153

153

174

142

141

136

125

108

105

CASH DIVIDENDS DECLARED PER COMMON SHARE

-

-

-

-

-

-

0.60

-

0.84

0.51

0.26

0.35

0.25

CASH DIVIDENDS DECLARED PER DEPOSITARY SHARE (in dollars per share)

-

-

-

-

-

-

1.66

-

0.00

-

-

-

-

Product [Member]
Revenues

-

-

-

1,379

1,832

3,095

3,631

5,520

6,321

4,218

2,216

3,294

1,997

Freight [Member]
Revenues

-

-

-

174

180

278

259

351

242

265

125

314

277