Company Quick10K Filing
Cleveland-Cliffs
10-Q 2020-03-31 Filed 2020-05-11
10-K 2019-12-31 Filed 2020-02-20
10-Q 2019-09-30 Filed 2019-10-23
10-Q 2019-06-30 Filed 2019-07-19
10-Q 2019-03-31 Filed 2019-04-25
10-K 2018-12-31 Filed 2019-02-08
10-Q 2018-09-30 Filed 2018-10-19
10-Q 2018-06-30 Filed 2018-07-24
10-Q 2018-03-31 Filed 2018-04-24
10-K 2017-12-31 Filed 2018-02-14
10-Q 2017-09-30 Filed 2017-10-23
10-Q 2017-06-30 Filed 2017-07-27
10-Q 2017-03-31 Filed 2017-04-27
10-K 2016-12-31 Filed 2017-02-09
10-Q 2016-09-30 Filed 2016-10-27
10-Q 2016-06-30 Filed 2016-07-28
10-Q 2016-03-31 Filed 2016-04-28
10-K 2015-12-31 Filed 2016-02-24
10-Q 2015-09-30 Filed 2015-10-29
10-Q 2015-06-30 Filed 2015-07-29
10-Q 2015-03-31 Filed 2015-05-06
10-K 2014-12-31 Filed 2015-02-25
10-Q 2014-09-30 Filed 2014-11-07
10-Q 2014-06-30 Filed 2014-07-24
10-Q 2014-03-31 Filed 2014-04-25
10-K 2013-12-31 Filed 2014-02-14
10-Q 2013-09-30 Filed 2013-10-25
10-Q 2013-06-30 Filed 2013-07-26
10-Q 2013-03-31 Filed 2013-04-25
10-K 2012-12-31 Filed 2013-02-12
10-Q 2012-09-30 Filed 2012-10-25
10-Q 2012-06-30 Filed 2012-07-26
10-Q 2012-03-31 Filed 2012-04-26
10-K 2011-12-31 Filed 2012-02-16
10-Q 2011-09-30 Filed 2011-11-01
10-Q 2011-06-30 Filed 2011-07-28
10-Q 2011-03-31 Filed 2011-04-29
10-K 2010-12-31 Filed 2011-02-17
10-Q 2010-09-30 Filed 2010-10-29
10-Q 2010-06-30 Filed 2010-07-29
10-Q 2010-03-31 Filed 2010-04-29
10-K 2009-12-31 Filed 2010-02-18
8-K 2020-05-11 Earnings, Exhibits
8-K 2020-04-24 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2020-04-22 Officers, Shareholder Vote, Exhibits
8-K 2020-04-21 Other Events, Exhibits
8-K 2020-04-17 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2020-04-15 Earnings, Regulation FD, Other Events, Exhibits
8-K 2020-04-15 Other Events, Exhibits
8-K 2020-03-27 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2020-03-16 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2020-03-13 Enter Agreement, M&A, Off-BS Arrangement, Officers, Other Events, Exhibits
8-K 2020-03-10 Shareholder Vote, Other Events, Exhibits
8-K 2020-03-02 Other Events, Exhibits
8-K 2020-03-02 Other Events, Exhibits
8-K 2020-02-26 Other Events, Exhibits
8-K 2020-02-26 Other Events, Exhibits
8-K 2020-02-20 Earnings, Exhibits
8-K 2019-12-03 Other Events, Exhibits
8-K 2019-12-02 Enter Agreement, Exhibits
8-K 2019-10-23 Earnings, Exhibits
8-K 2019-09-10 Other Events, Exhibits
8-K 2019-07-19 Earnings, Exhibits
8-K 2019-06-13 Other Events
8-K 2019-05-13 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-04-29 Other Events, Exhibits
8-K 2019-04-25 Earnings, Exhibits
8-K 2019-04-24 Shareholder Vote
8-K 2019-03-27
8-K 2019-03-04 Officers
8-K 2019-02-12 Officers, Exhibits
8-K 2019-02-08 Earnings, Exhibits
8-K 2019-01-28 Officers, Exhibits
8-K 2018-12-11 Officers, Exhibits
8-K 2018-10-19 Earnings, Exhibits
8-K 2018-07-20 Earnings, Exhibits
8-K 2018-04-24 Shareholder Vote
8-K 2018-04-20 Earnings, Exhibits
8-K 2018-04-06 Exit Costs
8-K 2018-02-28 Enter Agreement, Off-BS Arrangement
8-K 2018-01-25 Earnings, Exhibits

Cleveland-Cliffs Financials

CLF Metrics, Comps, Filings

Quarterly | Annual

Business

Founded in 1847, Cleveland-Cliffs Inc. is the largest and oldest independent iron ore mining company in the United States. We are a major supplier of iron ore pellets to the North American steel industry from our mines and pellet plants located in Michigan and Minnesota. By 2020, we expect to be the sole producer of HBI in the Great Lakes region with the development of our first production plant in Toledo, Ohio. Driven by the core values of safety, social, environmental and capital stewardship, our employees endeavor to provide all stakeholders with operating and financial transparency.

In alignment with our strategic goals, we have become a North America-centric business and have updated the names of our operating segments. We are now organized according to our differentiated products. We have two reportable segments - the Mining and Pelletizing segment (formerly known as U.S. Iron Ore) and the Metallics segment.

In our Mining and Pelletizing segment, we currently own or co-own four operational iron ore mines plus one indefinitely idled mine. We are currently operating one iron ore mine in Michigan and three iron ore mines in Minnesota, and all four mines are currently operating at or near full capacity. The Empire mine located in Michigan was indefinitely idled beginning in August 2016. In our Metallics segment, we are currently constructing an HBI production plant in Toledo, Ohio. We expect to complete construction and begin production in 2020.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Gold Fields (GFI) 2,826 0% 6,104 3,397 0 0 0 0 2,426
Cleveland-Cliffs (CLF) 2,052 30% 4.2 24% 3,491 3,131 2,152 651 839 925 3,890
NOVAGOLD (NG) 1,555 -16.3 -42% 252 103 0 0 -107 -101 1,637
Nexa Resources (NEXA) 1,577 0% 5,735 2,834 0 0 0 0 1,257
Coeur Mining (CDE) 1,229 -1% 13.9 -4% 1,690 759 660 -10 -70 103 1,438
Harmony Gold Mining (HMY) 1,220 0% 36,736 0 0 0 0 1,084
McEwen Mining (MUX) 602 6% -30.1 -5% 607 130 149 9 -33 -21 638
Golden Star Resources (GSS) 425 4.2 -3% 705 285 0 43 -24 111 465
Mesabi Trust (MSB) 313 94% 9.8 112% 28 13 34 32 32 32 313
Gold Resource (GORO) 250 24% 9.1 3% 192 34 124 29 7 27 243
Uranium Energy (UEC) 176 -12.0 -19% 97 27 0 0 -19 -15 181
Tanzanian Royalty Exploration (TRX)
International Tower Hill Mines (THM) 99 -30.0 -5% 63 0 0 0 -3 -3 92
Platinum Group Metals (PLG) 52 0% 42 61 0 0 0 0 52
UR-Energy (URG) 94 -11% -13.2 -12% 88 46 21 -2 -11 -7 96
EMX Royalty (EMX) 88 0% 115 6 0 0 0 0 2
Opiant Pharmaceuticals (OPNT) 86 83% 6.0 25% 41 10 33 27 11 10 63
Vista Gold (VGZ) 78 -9.3 -51% 16 2 0 -1 -8 -8 76
Entree Resources (EGI) 72 0% 7 47 0 0 0 0 66
Almaden Minerals (AAU) 72 0% 74 3 0 0 0 0 69

Balance Sheet ($MM)2009-12-312010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash5035289691,5672,26823854552212215936287263299336364360244291356276270285601081323232953222611,008787802897823430377399
Accounts Receivable104255214359506317365304247311286272259292270131198166206874953404262491296177641414715314122720193165
Inventory27237230826949660552847669674152763052943839161064951732740848735233040639131717825128820818332425618888313219
PP&E2,5932,9853,8984,9374,0229,8029,83511,88212,24512,47812,68413,20713,21613,52613,57113,66513,7104,1742,2181,8721,9301,9331,9701,9471,9541,9241,9411,9812,0062,0062,0792,0912,0712,1532,3082,4522,6582,852
Assets4,6395,6367,0797,7788,95213,67213,94514,54214,89315,19415,29713,82213,59513,56713,12213,20313,1024,8113,1642,7032,6092,2722,1361,8861,8511,7731,9241,9262,0301,9232,9532,8633,0523,1253,5303,3063,3933,491
Accounts Payable17923421426626730737038039438542230030735134632926629627211414010210677928110891112102128100119141187172188213
Long-Term Debt7251,7132,4123,8993,8843,6843,5843,9843,8843,4333,3233,3283,0443,2923,4543,2472,9842,8812,8872,7222,6992,4992,4902,1962,2251,6431,6121,6892,3042,3082,2972,3002,0932,0872,2382,238
Liabilities2,1022,6453,6283,9404,6787,1527,0947,5027,4597,5877,6086,9636,8116,6326,2386,3676,2734,9884,8984,4854,3504,0313,9473,5833,5303,1733,2542,6292,6972,7563,3983,3483,3583,2113,1053,0453,1083,131
Stockholders' Equity2,5433,0003,4373,8464,2735,5465,7235,7856,1406,2956,3375,7055,6315,7806,0706,0206,02831-1,431-1,996-1,924-1,932-1,981-1,859-1,831-1,544-1,464-830-789-833-444-485-306-86424262286360
Income Statement ($MM)2009-12-312010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue1,1841,3461,4241,1831,8062,1431,8791,2651,6261,5451,1401,4881,5471,5169401,1011,2981,285446498593476306496553754462569698601239714742696157743556
Cost of Revenue7708709425841,0751,2801,1699611,1771,3479031,2201,1981,2218771,0091,1711,116365441538433275405468572366424538500243430480494126480401
Gross Profit41547648259985386549630444919823826834929463921281698157554331928518296145160101-428426220231263155
R&D
SG&A506874517078816384644849716451526342293122282822313626282528282630283126
Tax991161414217818108-21143-64-66766-14-22-69-921-290175-2-3-18-2-7-10-23-8-24616-20-4225
Net Income2612973844235347411853912748512114611743-7014-5,880-1,285-7606511-6011730-2679-283253310-84165438610-2216191
Cash Flow ($MM)2009-12-312010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating395689107618821743-12996308-25414297460-82-42228255-228-2018997-12610791231-2593139131-14394238-111262237
Cash Investing-935-75-37-4,683-198-386-252-269-264-228-272-234-77-91-58-60104-16-18-23-46-5-9-25-18-27-21-36-72-71-28-74-126-167-157
Cash Financing965-256272,032-293-392-21213-164346-153-31-33419893-273-306310-42-170-37-93-49-44-2023-47-165688-7-19-82-158-150-59