Below are the financial statements of Cleveland-Cliffs, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 0.05a | 0.2a |
| Accounts receivable, net | 1.58a | 1.84a |
| Inventories | 5.09a | 4.46a |
| Other current assets | 0.18a | 0.14a |
| Total current assets | 6.91a | 6.64a |
| Non-current assets | — | — |
| Property, plant and equipment, net | 9.94a | 8.9a |
| Goodwill | 1.77a | 1.01a |
| Intangible assets | 1.17a | 0.2a |
| Pension and OPEB assets | 0.43a | 0.33a |
| Other non-current assets | 0.73a | 0.47a |
| Total assets | 20.95a | 17.54a |
| Liabilities and equity | — | — |
| Current liabilities | — | — |
| Accounts payable | 2.01a | 2.1a |
| Accrued employment costs | 0.45a | 0.51a |
| Accrued expenses | 0.38a | 0.38a |
| Other current liabilities | 0.49a | 0.52a |
| Total current liabilities | 3.32a | 3.51a |
| Non-current liabilities | — | — |
| Long-term debt | 7.07a | 3.14a |
| Pension and OPEB liabilities | 0.75a | 0.82a |
| Deferred income taxes | 0.86a | 0.64a |
| Asset retirement and environmental obligations | 0.6a | 0.56a |
| Other non-current liabilities | 1.45a | 0.75a |
| Total liabilities | 14.05a | 9.42a |
| Equity | — | — |
| Common shares | 0.07a | 0.07a |
| Capital in excess of par value of shares | 4.76a | 4.86a |
| Retained earnings | 0.98a | 1.73a |
| Cost of common shares in treasury | -0.68a | -0.43a |
| Accumulated other comprehensive income | 1.54a | 1.66a |
| Total Cliffs shareholders' equity | 6.66a | 7.89a |
| Noncontrolling interests | 0.23a | 0.24a |
| Total equity | 6.9a | 8.12a |
| Total liabilities and equity | 20.95a | 17.54a |
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