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Annual · values202520242023202220212020201920182017201620152014
Operating Cash Flow-462.00 M USD105.00 M USD2.27 B USD2.42 B USD2.79 B USD-261.00 M USD562.50 M USD478.50 M USD338.10 M USD303.00 M USD37.90 M USD358.90 M USD
Depreciation & Amortization1.24 B USD951.00 M USD973.00 M USD1.03 B USD897.00 M USD308.00 M USD85.10 M USD89.00 M USD87.70 M USD115.40 M USD134.00 M USD504.00 M USD
Stock-Based Compensation
Capital Expenditures561.00 M USD695.00 M USD646.00 M USD943.00 M USD705.00 M USD525.00 M USD639.00 M USD87.50 M USD151.70 M USD69.10 M USD80.80 M USD284.10 M USD
Cash Flow from Investing-479.00 M USD-3.21 B USD-591.00 M USD-936.00 M USD-1.38 B USD-2.04 B USD-644.40 M USD-273.10 M USD-156.00 M USD-57.90 M USD-103.20 M USD-103.60 M USD
Cash Flow from Financing942.00 M USD2.97 B USD-1.50 B USD-1.51 B USD-1.47 B USD2.06 B USD-394.10 M USD-375.20 M USD498.90 M USD-206.40 M USD61.00 M USD-288.30 M USD
Dividends Paid41.00 M USD72.10 M USD0 USD0 USD0 USD0 USD92.50 M USD
Stock Buybacks0 USD733.00 M USD152.00 M USD240.00 M USD0 USD0 USD252.90 M USD47.50 M USD0 USD
Free Cash Flow-1.02 B USD-590.00 M USD1.62 B USD1.48 B USD2.08 B USD-786.00 M USD-76.50 M USD391.00 M USD186.40 M USD233.90 M USD-42.90 M USD74.80 M USD

Cleveland-Cliffs Inc. is a Cleveland-based industrial company focused on flat-rolled steel production and iron ore pellet supply for the North American market. Cleveland-Cliffs serves customers across automotive, infrastructure, manufacturing, and other industrial sectors through a vertically integrated model that spans raw material sourcing, steelmaking, rolling, finishing, and downstream fabrication services. Its operations also include tubular products, stamping, and tooling, supporting a broad range of metal-intensive applications. The company is organized around steelmaking and related business segments, with an emphasis on supplying high-quality steel products and processed materials to commercial and industrial buyers. Cleveland-Cliffs plays a significant role in the North American steel supply chain by combining mineral inputs, ironmaking capabilities, and finished steel products within a single operating platform.