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.
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.
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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
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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.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 |
Cleveland Cliffs income statement Correlations
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Cleveland Cliffs Account Relationship Matchups
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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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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.