Cleveland Historical Income Statement

CLF Stock

USD 16.70 0.20 1.18%

Historical analysis of Cleveland Cliffs income statement accounts such as Interest Expense of 303.4 M, Selling General Administrative of 605.9 M or Total Revenue of 23.1 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.

Cash Flow Balance Sheet Income Statement

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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.

Net Income Gross Profit

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 tightly coupled 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.

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

Cleveland Cliffs Income Statement is one of the three primary financial statements used for reporting Cleveland's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Cleveland Cliffs revenue and expense. Cleveland Cliffs Income Statement primarily focuses on the company's revenues and expenses during a particular period.

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 23.1 B, while Tax Provision is projected to decrease to roughly 83.1 M.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses Extraordinary Items

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 tightly coupled 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 23.1 B, while Tax Provision is projected to decrease to roughly 83.1 M.

	2021	2022	2023	2024 (projected)
Gross Profit	4.5B	2.5B	1.4B	1.5B
Total Revenue	20.4B	23.0B	22.0B	23.1B

Gross Profit Total Revenue

Cleveland Cliffs income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Extraordinary Items	Minority Interest	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Discontinued Operations	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.8	0.92	0.95	0.74	0.94	0.22	0.68	0.82	0.93	0.92	0.21	-0.03	0.2	0.42	0.06	-0.2	0.13	-0.02	0.1	0.01	0.67	0.75	-0.85	0.87
Interest Expense	0.8		0.83	0.79	0.64	0.77	0.25	0.59	0.69	0.77	0.79	0.24	0.05	0.2	0.42	-0.02	-0.11	0.14	0.04	0.32	0.04	0.51	0.68	-0.8	0.71
Selling General Administrative	0.92	0.83		0.96	0.59	0.96	0.23	0.54	0.69	0.96	0.94	0.23	0.07	0.22	0.39	0.13	-0.1	0.15	0.07	0.13	0.1	0.45	0.64	-0.81	0.82
Total Revenue	0.95	0.79	0.96		0.68	0.99	0.33	0.63	0.77	0.99	0.88	0.32	0.12	0.32	0.47	0.27	-0.03	0.26	0.11	0.22	0.15	0.55	0.68	-0.84	0.93
Gross Profit	0.74	0.64	0.59	0.68		0.6	0.52	0.99	0.99	0.59	0.61	0.51	0.16	0.52	0.64	0.03	0.14	0.44	0.17	0.05	0.2	0.71	0.58	-0.62	0.64
Other Operating Expenses	0.94	0.77	0.96	0.99	0.6		0.27	0.54	0.7	1.0	0.88	0.27	0.1	0.26	0.41	0.29	-0.07	0.21	0.09	0.23	0.12	0.5	0.66	-0.83	0.92
Operating Income	0.22	0.25	0.23	0.33	0.52	0.27		0.58	0.51	0.28	0.01	1.0	0.92	0.99	0.89	0.37	0.86	0.99	0.9	0.14	0.92	0.2	0.16	-0.25	0.37
Ebit	0.68	0.59	0.54	0.63	0.99	0.54	0.58		0.98	0.54	0.53	0.57	0.22	0.58	0.66	0.05	0.22	0.51	0.22	0.07	0.25	0.68	0.54	-0.57	0.6
Ebitda	0.82	0.69	0.69	0.77	0.99	0.7	0.51	0.98		0.7	0.68	0.5	0.16	0.5	0.64	0.06	0.11	0.43	0.16	0.08	0.2	0.73	0.64	-0.7	0.73
Cost Of Revenue	0.93	0.77	0.96	0.99	0.59	1.0	0.28	0.54	0.7		0.88	0.27	0.11	0.27	0.42	0.3	-0.06	0.22	0.09	0.24	0.13	0.5	0.65	-0.83	0.92
Total Operating Expenses	0.92	0.79	0.94	0.88	0.61	0.88	0.01	0.53	0.68	0.88		0.0	-0.21	-0.01	0.24	-0.01	-0.33	-0.09	-0.17	0.01	-0.15	0.52	0.67	-0.77	0.75
Income Before Tax	0.21	0.24	0.23	0.32	0.51	0.27	1.0	0.57	0.5	0.27	0.0		0.93	0.99	0.9	0.37	0.86	0.99	0.9	0.17	0.92	0.2	0.16	-0.25	0.36
Total Other Income Expense Net	-0.03	0.05	0.07	0.12	0.16	0.1	0.92	0.22	0.16	0.11	-0.21	0.93		0.9	0.76	0.4	0.91	0.94	0.97	0.17	0.98	-0.08	-0.04	-0.06	0.17
Net Income	0.2	0.2	0.22	0.32	0.52	0.26	0.99	0.58	0.5	0.27	-0.01	0.99	0.9		0.83	0.45	0.88	0.99	0.88	0.13	0.91	0.14	0.11	-0.21	0.37
Income Tax Expense	0.42	0.42	0.39	0.47	0.64	0.41	0.89	0.66	0.64	0.42	0.24	0.9	0.76	0.83		0.14	0.61	0.84	0.78	0.17	0.77	0.55	0.44	-0.48	0.48
Extraordinary Items	0.06	-0.02	0.13	0.27	0.03	0.29	0.37	0.05	0.06	0.3	-0.01	0.37	0.4	0.45	0.14		0.45	0.44	0.35	0.2	0.42	-0.19	-0.11	-0.12	0.42
Minority Interest	-0.2	-0.11	-0.1	-0.03	0.14	-0.07	0.86	0.22	0.11	-0.06	-0.33	0.86	0.91	0.88	0.61	0.45		0.89	0.87	0.15	0.9	-0.22	-0.28	0.19	0.04
Net Income From Continuing Ops	0.13	0.14	0.15	0.26	0.44	0.21	0.99	0.51	0.43	0.22	-0.09	0.99	0.94	0.99	0.84	0.44	0.89		0.9	0.2	0.93	0.13	0.1	-0.19	0.32
Non Recurring	-0.02	0.04	0.07	0.11	0.17	0.09	0.9	0.22	0.16	0.09	-0.17	0.9	0.97	0.88	0.78	0.35	0.87	0.9		-0.01	0.99	-0.07	-0.04	-0.04	0.14
Non Operating Income Net Other	0.1	0.32	0.13	0.22	0.05	0.23	0.14	0.07	0.08	0.24	0.01	0.17	0.17	0.13	0.17	0.2	0.15	0.2	-0.01		0.01	0.21	0.34	-0.39	0.3
Discontinued Operations	0.01	0.04	0.1	0.15	0.2	0.12	0.92	0.25	0.2	0.13	-0.15	0.92	0.98	0.91	0.77	0.42	0.9	0.93	0.99	0.01		-0.07	-0.04	-0.06	0.19
Tax Provision	0.67	0.51	0.45	0.55	0.71	0.5	0.2	0.68	0.73	0.5	0.52	0.2	-0.08	0.14	0.55	-0.19	-0.22	0.13	-0.07	0.21	-0.07		0.79	-0.71	0.57
Interest Income	0.75	0.68	0.64	0.68	0.58	0.66	0.16	0.54	0.64	0.65	0.67	0.16	-0.04	0.11	0.44	-0.11	-0.28	0.1	-0.04	0.34	-0.04	0.79		-0.91	0.71
Net Interest Income	-0.85	-0.8	-0.81	-0.84	-0.62	-0.83	-0.25	-0.57	-0.7	-0.83	-0.77	-0.25	-0.06	-0.21	-0.48	-0.12	0.19	-0.19	-0.04	-0.39	-0.06	-0.71	-0.91		-0.8
Reconciled Depreciation	0.87	0.71	0.82	0.93	0.64	0.92	0.37	0.6	0.73	0.92	0.75	0.36	0.17	0.37	0.48	0.42	0.04	0.32	0.14	0.3	0.19	0.57	0.71	-0.8

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Cleveland Cliffs Account Relationship Matchups

Cleveland Cliffs income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	87.3M	308M	1.1B	1.2B	973M	1.0B
Interest Expense	101.2M	238M	337M	276M	289M	303.5M
Selling General Administrative	119.4M	244M	422M	465M	577M	605.9M
Total Revenue	2.0B	5.4B	20.4B	23.0B	22.0B	23.1B
Gross Profit	575.7M	252M	4.5B	2.5B	1.4B	1.5B
Other Operating Expenses	1.6B	5.4B	16.4B	21.0B	21.2B	22.2B
Operating Income	429.3M	5M	4.0B	1.9B	677M	710.9M
Ebit	429.3M	5M	4.0B	1.9B	1.0B	1.1B
Ebitda	516.6M	313M	5.1B	3.2B	2.0B	2.1B
Cost Of Revenue	1.4B	5.1B	15.9B	20.5B	20.6B	21.6B
Total Operating Expenses	146.4M	304M	502M	575M	577M	605.9M
Income Before Tax	312.1M	(193M)	3.8B	1.8B	597M	626.9M
Total Other Income Expense Net	(117.2M)	(198M)	(209M)	(143M)	72M	75.6M
Net Income	292.8M	(82M)	3.0B	1.3B	399M	419.0M
Income Tax Expense	17.6M	(111M)	773M	423M	148M	155.4M
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
Net Income From Continuing Ops	294.5M	(82M)	3.0B	1.4B	449M	471.5M
Discontinued Operations	88M	(1.7M)	1M	3M	3.5M	3.6M
Tax Provision	17.6M	(111M)	773M	423M	148M	83.1M
Interest Income	101.2M	238M	337M	276M	317.4M	222.8M
Net Interest Income	(101.2M)	(238M)	(337M)	(276M)	(289M)	(303.5M)
Reconciled Depreciation	85.1M	308M	897M	1.0B	973M	545.9M

Cleveland Cliffs Investors Sentiment

The influence of Cleveland Cliffs' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cleveland. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Cleveland Cliffs' public news can be used to forecast risks associated with an investment in Cleveland. The trend in average sentiment can be used to explain how an investor holding Cleveland can time the market purely based on public headlines and social activities around Cleveland Cliffs. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Cleveland Cliffs' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cleveland Cliffs' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cleveland Cliffs' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cleveland Cliffs.

Cleveland Cliffs Implied Volatility

152.96

Cleveland Cliffs' implied volatility exposes the market's sentiment of Cleveland Cliffs stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cleveland Cliffs' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cleveland Cliffs stock will not fluctuate a lot when Cleveland Cliffs' options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cleveland Cliffs in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cleveland Cliffs' short interest history, or implied volatility extrapolated from Cleveland Cliffs options trading.

Pair Trading with Cleveland Cliffs

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cleveland Cliffs position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cleveland Cliffs will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cleveland Stock

0.65	CE	Celanese Earnings Call This Week	Pair Corr
0.71	WS	Worthington Steel	Pair Corr

The ability to find closely correlated positions to Cleveland Cliffs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cleveland Cliffs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cleveland Cliffs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cleveland Cliffs to buy it.

The correlation of Cleveland Cliffs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cleveland Cliffs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cleveland Cliffs moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Cleveland Cliffs can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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:

How To Invest In Cleveland

Details

Is Cleveland Stock a good investment?

Details

What is Cleveland Cliffs' Net Worth?

Details

Largest Metals & Mining Companies

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Largest Materials Companies

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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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

Complementary Tools for Cleveland Stock analysis

When running Cleveland Cliffs' price analysis, check to measure Cleveland Cliffs' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cleveland Cliffs is operating at the current time. Most of Cleveland Cliffs' value examination focuses on studying past and present price action to predict the probability of Cleveland Cliffs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cleveland Cliffs' price. Additionally, you may evaluate how the addition of Cleveland Cliffs to your portfolios can decrease your overall portfolio volatility.

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Is Cleveland Cliffs' industry 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

0.792

Earnings Share

0.75

Revenue Per Share

43.431

Quarterly Revenue Growth

(0.02)

Return On Assets

0.0392

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Cleveland Historical Income Statement

About Cleveland Income Statement Analysis

Cleveland Cliffs Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Cleveland Cliffs income statement Correlations

Cleveland Cliffs Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cleveland Cliffs income statement Accounts

Cleveland Cliffs Investors Sentiment

Cleveland Cliffs Implied Volatility

Pair Trading with Cleveland Cliffs

Moving together with Cleveland Stock

Complementary Tools for Cleveland Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cost Of Revenue	+ 1.0	Other Operating Expenses
Income Before Tax	+ 1.0	Operating Income
Other Operating Expenses	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.99	Total Revenue
Ebit	+ 0.99	Gross Profit
Ebitda	+ 0.99	Gross Profit

Net Interest Income	- 0.91	Interest Income
Net Interest Income	- 0.85	Depreciation And Amortization
Net Interest Income	- 0.84	Total Revenue
Net Interest Income	- 0.83	Cost Of Revenue
Net Interest Income	- 0.83	Other Operating Expenses
Net Interest Income	- 0.81	Selling General Administrative