Cleveland Historical Income Statement

0I0H Stock

11.04 0.82 6.91%

Historical analysis of Cleveland Cliffs income statement accounts such as Total Revenue of 23.1 B, Gross Profit of 1.5 B or Other Operating Expenses of 22.4 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy 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

At this time, Cleveland Cliffs' Total Operating Expenses is comparatively stable compared to the past year. Income Before Tax is likely to gain to about 626.9 M in 2024, whereas Tax Provision is likely to drop (134 M) in 2024.

Depreciation And Amortization Total Revenue Gross Profit Other Operating Expenses Operating Income Cost Of Revenue

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

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.

Operating Income

Operating Income is the amount of profit realized from Cleveland Cliffs operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Cleveland Cliffs is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Cost Of Revenue

Cost of Revenue is found on Cleveland Cliffs income statement and represents the costs associated with goods and services Cleveland Cliffs provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

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 closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Cleveland Stock please use our How to Invest in Cleveland Cliffs guide.At this time, Cleveland Cliffs' Total Operating Expenses is comparatively stable compared to the past year. Income Before Tax is likely to gain to about 626.9 M in 2024, whereas Tax Provision is likely to drop (134 M) in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	20.4B	23.0B	22.0B	23.1B
Depreciation And Amortization	904M	1.0B	973M	1.0B

Total Revenue Depreciation And Amortization

Cleveland Cliffs income statement Correlations

	Depreciation And Amortization	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	Interest Expense	Tax Provision	Interest Income	Selling General Administrative	Extraordinary Items	Discontinued Operations	Minority Interest
Depreciation And Amortization		0.95	0.67	0.94	0.17	0.18	0.3	0.94	0.94	0.16	-0.06	0.14	0.37	0.8	0.04	0.62	0.67	-0.46	-0.25	0.44
Total Revenue	0.95		0.68	0.99	0.33	0.34	0.45	0.99	0.9	0.32	0.12	0.32	0.47	0.8	-0.09	0.57	0.76	-0.61	-0.18	0.6
Gross Profit	0.67	0.68		0.59	0.52	0.53	0.6	0.59	0.54	0.51	0.16	0.52	0.64	0.64	-0.03	0.38	0.48	-0.31	-0.07	0.35
Other Operating Expenses	0.94	0.99	0.59		0.27	0.29	0.4	1.0	0.91	0.27	0.1	0.26	0.41	0.78	-0.09	0.56	0.75	-0.62	-0.18	0.61
Operating Income	0.17	0.33	0.52	0.27		1.0	0.99	0.28	0.02	1.0	0.91	0.99	0.89	0.25	-0.18	0.1	0.31	-0.33	0.05	0.35
Ebit	0.18	0.34	0.53	0.29	1.0		0.99	0.3	0.04	1.0	0.91	0.98	0.9	0.27	-0.18	0.11	0.32	-0.33	0.04	0.35
Ebitda	0.3	0.45	0.6	0.4	0.99	0.99		0.41	0.16	0.99	0.88	0.97	0.92	0.36	-0.17	0.19	0.4	-0.38	0.01	0.4
Cost Of Revenue	0.94	0.99	0.59	1.0	0.28	0.3	0.41		0.91	0.27	0.11	0.27	0.42	0.78	-0.1	0.56	0.76	-0.62	-0.18	0.61
Total Operating Expenses	0.94	0.9	0.54	0.91	0.02	0.04	0.16	0.91		0.01	-0.14	0.01	0.23	0.78	0.02	0.56	0.64	-0.46	-0.21	0.48
Income Before Tax	0.16	0.32	0.51	0.27	1.0	1.0	0.99	0.27	0.01		0.92	0.99	0.9	0.25	-0.17	0.1	0.31	-0.31	0.05	0.34
Total Other Income Expense Net	-0.06	0.12	0.16	0.1	0.91	0.91	0.88	0.11	-0.14	0.92		0.89	0.78	0.05	-0.17	-0.01	0.18	-0.24	0.07	0.26
Net Income	0.14	0.32	0.52	0.26	0.99	0.98	0.97	0.27	0.01	0.99	0.89		0.83	0.2	-0.28	0.05	0.31	-0.33	0.14	0.4
Income Tax Expense	0.37	0.47	0.64	0.41	0.89	0.9	0.92	0.42	0.23	0.9	0.78	0.83		0.43	0.19	0.34	0.39	-0.32	-0.28	0.24
Interest Expense	0.8	0.8	0.64	0.78	0.25	0.27	0.36	0.78	0.78	0.25	0.05	0.2	0.43		0.02	0.62	0.67	-0.44	-0.24	0.41
Tax Provision	0.04	-0.09	-0.03	-0.09	-0.18	-0.18	-0.17	-0.1	0.02	-0.17	-0.17	-0.28	0.19	0.02		0.29	-0.11	0.12	-0.83	-0.43
Interest Income	0.62	0.57	0.38	0.56	0.1	0.11	0.19	0.56	0.56	0.1	-0.01	0.05	0.34	0.62	0.29		0.75	-0.17	-0.39	0.17
Selling General Administrative	0.67	0.76	0.48	0.75	0.31	0.32	0.4	0.76	0.64	0.31	0.18	0.31	0.39	0.67	-0.11	0.75		-0.67	-0.16	0.75
Extraordinary Items	-0.46	-0.61	-0.31	-0.62	-0.33	-0.33	-0.38	-0.62	-0.46	-0.31	-0.24	-0.33	-0.32	-0.44	0.12	-0.17	-0.67		0.33	-0.7
Discontinued Operations	-0.25	-0.18	-0.07	-0.18	0.05	0.04	0.01	-0.18	-0.21	0.05	0.07	0.14	-0.28	-0.24	-0.83	-0.39	-0.16	0.33		0.27
Minority Interest	0.44	0.6	0.35	0.61	0.35	0.35	0.4	0.61	0.48	0.34	0.26	0.4	0.24	0.41	-0.43	0.17	0.75	-0.7	0.27

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Cleveland Cliffs Account Relationship Matchups

Cleveland Cliffs income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	85.1M	308M	904M	1.0B	973M	1.0B
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	21.3B	22.4B
Operating Income	429.3M	5M	4.0B	1.9B	677M	710.9M
Ebit	413.3M	2M	4.1B	2.1B	886M	930.3M
Ebitda	498.4M	310M	5.0B	3.1B	1.9B	2.0B
Cost Of Revenue	1.4B	5.1B	15.9B	20.5B	20.6B	21.6B
Total Operating Expenses	146.4M	304M	502M	575M	714M	749.7M
Income Before Tax	312.1M	(193M)	3.8B	1.8B	597M	626.9M
Total Other Income Expense Net	(117.2M)	(51M)	(209M)	(143M)	(80M)	(84M)
Net Income	292.8M	(82M)	3.0B	1.3B	399M	419.0M
Income Tax Expense	17.6M	(111M)	773M	423M	148M	155.4M
Interest Expense	101.2M	238M	337M	276M	289M	303.5M
Tax Provision	(252.4M)	(475.2M)	17.6M	(111M)	(127.7M)	(134.0M)
Interest Income	126.8M	118.9M	101.2M	238M	273.7M	171.3M
Selling General Administrative	102.9M	116.8M	119.4M	236M	271.4M	152.0M
Extraordinary Items	2.5M	88.2M	(1.7M)	1M	900K	855K
Net Income Applicable To Common Shares	293M	(122M)	2.8B	1.3B	1.5B	939.1M
Discontinued Operations	88M	(2M)	1M	3M	2.7M	2.6M

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Additional 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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