United States Steel Corp X Income Statement

United states steel corp (X)

Income statement / 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	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Net sales:
Net sales
2,397	3,199	3,069	3,545	3,124	3,691	3,729	3,609	3,149	3,803	3,248	2,787	2,412	3,545	2,370	2,320	2,026	2,210	2,446	2,509	2,946	3,567	4,285	4,128	4,169	3,977	3,856	4,119	4,317	4,187	4,310	4,695	4,833	4,516	4,769	4,784	4,557	4,037	4,221	4,283	3,615	3,036	2,571	1,991	2,605	6,939	6,414
Revenue from Related Parties
351	319	367	370	375	347	378	367	328	262	272	357	313	321	316	264	315	362	384	391	326	505	302	272	279	292	275	310	278	300	342	322	339	303	312	336	307	263	276	398	281	318	246	136	145	373	330
Revenues
2,748	2,130	2,702	3,175	3,499	3,344	3,351	3,242	2,821	2,201	2,976	3,144	2,725	1,434	2,686	2,584	2,341	2,572	2,830	2,900	3,272	4,072	4,587	4,400	4,448	4,269	4,131	4,429	4,595	4,487	4,652	5,017	5,172	4,819	5,081	5,120	4,864	4,300	4,497	4,681	3,896	3,354	2,817	2,127	2,750	7,312	6,744
Operating expenses (income):
Cost of sales (excludes items shown below)
2,605	2,781	2,902	3,227	3,172	3,204	3,172	3,121	2,808	2,748	2,828	2,723	2,559	2,415	2,360	2,397	2,436	2,629	2,654	2,792	3,066	3,472	3,848	4,097	4,038	3,911	3,749	4,114	4,242	4,201	4,318	4,485	4,626	4,647	4,560	4,498	4,621	4,115	4,321	4,184	3,639	3,348	2,902	2,340	3,007	5,752	5,497
Selling, general and administrative expenses
72	66	63	82	78	85	81	92	78	97	75	67	81	100	73	64	69	107	99	107	102	117	125	143	138	161	153	151	145	157	159	165	173	183	181	189	180	162	148	152	148	158	163	154	143	151	171
Depreciation, depletion and amortization
160	162	161	150	143	137	126	130	128	125	118	121	137	123	126	129	129	129	136	138	144	138	158	165	166	170	173	170	171	171	163	164	163	169	172	171	169	168	163	162	165	1,145	-167	-159	-158	-149	-159
Income (Loss) from Equity Method Investments
-8	11	31	28	9	22	17	19	3	15	9	16	4	7	18	28	45	9	6	17	6	39	50	57	-4	9	26	-3	8	28	48	44	24	19	27	31	8	7	9	9	-5	3	-1	-10	-21	51	34
Asset Impairment Charges
263	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on equity investee transactions (Note 26)
31	0	0	0	0	-	0	18	-	-	21	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of goodwill (Note 13)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,783	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring Charges
41	-	54	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss on sale of assets
0	-	-	-	-4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain associated with retained interest in U. S. Steel Canada Inc. (Note 23)
-	-	-	-	-	-	-	-	-	-	0	72	-	-	0	0	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses associated with U. S. Steel Canada Inc. (Note 21)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	255	-	-	413	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on write-down of retained interest in USSC (Note 22)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring and other charges (Note 21)
-	-	-	-	-	-	-	-	-	-	-2	-1	33	-	-3	-6	10	-	103	19	153	-	236	18	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property
-	-	1	0	-	3	5	-1	-1	3	1	0	1	1	-3	0	-3	0	1	1	0	0	2	1	20	0	0	1	-1	12	1	0	-309	15	0	4	6	16	-14	2	3	-10	1	36	97	6	1
Other losses, net
-5	15	-1	1	0	-	1	-1	-	-	0	5	-	-	1	0	-	-	1	1	-	-	0	0	-	6	-1	1	-6	7	1	6	2	3	4	3	1	8	2	4	1	7	3	35	4	10	2
Total
3,123	3,200	3,149	3,430	3,388	3,378	3,356	3,308	3,012	2,971	2,988	2,817	2,805	2,750	2,554	2,556	2,602	3,025	3,000	3,292	3,459	3,675	4,728	4,365	4,326	4,498	5,833	4,436	4,557	4,482	4,590	4,764	5,245	4,962	4,882	4,820	4,955	4,414	4,635	4,483	3,953	3,683	3,229	2,592	3,228	5,985	5,790
Operating Income (Loss)
-375	-376	-80	115	111	313	373	301	137	162	260	327	-80	-100	132	28	-261	-453	-170	-392	-187	397	-141	35	122	-229	-1,702	-7	38	5	62	253	-73	-143	199	300	-91	-114	-138	198	-57	-329	-412	-465	-478	1,327	954
Interest expense
50	45	32	31	34	34	41	43	50	53	60	55	58	59	58	60	53	54	56	53	51	56	57	60	61	62	61	58	85	54	45	66	49	45	47	48	50	50	50	52	43	43	42	38	36	40	42
Interest income
4	4	3	5	5	7	6	5	5	4	5	4	4	0	2	2	1	1	2	0	0	8	2	1	1	1	0	1	1	1	1	1	4	2	1	1	2	2	1	1	3	5	2	1	2	3	3
Gain (Loss) on Extinguishment of Debt
-	-	0	0	-	-21	-3	-28	-46	-22	-31	-1	0	-	0	-24	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financial benefits
3	-8	4	-5	3	4	-2	8	-10	-7	-12	-16	-9	14	-6	1	-13	2	1	-2	-11	-2	-5	-5	-9	-14	-24	-11	-20	-11	-1	-17	-5	-59	-98	34	69	-46	127	-99	-68	-6	-15	-28	37	9	-14
Net periodic benefit (income) cost (other than service cost)
-8	-	23	23	23	-	19	17	17	-	15	14	18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net interest and other financial costs
-35	-71	-48	-54	-49	-60	-59	-75	-118	-92	-113	-82	-81	-7	-62	-81	-65	-87	-53	-55	-62	-50	-60	-64	-69	-75	-85	-68	-104	-64	-45	-82	-50	-102	-144	-13	21	-94	78	-150	-108	-56	-25	-9	-71	-46	-25
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
-410	-447	-128	61	62	253	314	226	19	70	147	245	-161	-107	70	-53	-326	-540	-223	-447	-249	347	-201	-29	53	-304	-1,787	-75	-66	-59	17	171	-123	-245	55	287	-70	-208	-60	48	-165	-385	-437	-474	-549	1,281	929
Income Tax Expense (Benefit)
-19	221	-44	-7	8	-339	23	12	1	-89	0	-16	19	-2	19	-7	14	593	-50	-186	-174	72	6	-11	1	-601	4	3	7	-8	-27	70	96	-34	33	65	16	41	-9	72	-7	-117	-130	-82	-110	339	255
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-391	-668	-84	68	54	592	291	214	18	159	147	261	-180	-105	51	-46	-340	-1,133	-173	-261	-75	275	-207	-18	52	297	-1,791	-78	-73	-51	44	101	-219	-211	22	222	-86	-249	-51	-24	-158	-268	-307	-392	-439	942	674
Net Income (Loss) Attributable to Noncontrolling Interest
0	-	0	0	0	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1	0	0	0	0	0	0	0	-	0	1	-1	-	-4	-	-	23	6
Net Income (Loss) Attributable to Parent
-391	-668	-84	68	54	592	291	214	18	159	147	261	-180	-105	51	-46	-340	-1,133	-173	-261	-75	275	-207	-18	52	297	-1,791	-78	-73	-50	44	101	-219	-211	22	222	-86	-249	-51	-25	-157	-267	-303	-392	-439	919	668
(Loss) earnings per share attributable to United States Steel Corporation stockholders:
Earnings Per Share, Basic
-2.30	-3.88	-0.49	0.39	0.31	3.36	1.64	1.21	0.10	0.91	0.84	1.49	-1.03	-0.49	0.32	-0.32	-2.32	-7.75	-1.18	-1.79	-0.52	1.89	-1.42	-0.12	0.36	2.06	-12.38	-0.54	-0.51	-0.34	0.30	0.70	-1.52	-1.46	0.15	1.54	-0.60	-1.74	-0.35	-0.17	-1.10	-1.61	-2.11	-2.92	-3.78	7.84	5.69
Earnings Per Share, Diluted
-2.30	-3.88	-0.49	0.39	0.31	3.33	1.62	1.20	0.10	0.91	0.83	1.48	-1.03	-0.49	0.32	-0.32	-2.32	-7.75	-1.18	-1.79	-0.52	1.89	-1.42	-0.12	0.34	2.06	-12.38	-0.54	-0.51	-0.24	0.28	0.62	-1.52	-1.25	0.15	1.33	-0.60	-1.74	-0.35	-0.17	-1.10	-1.61	-2.11	-2.92	-3.78	7.79	5.65
Weighted average shares, in thousands:
- Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	117	117
- Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	117	118
Dividends paid per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.30	0.25