Cleveland-Cliffs Inc.
Cash Flow Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.0M | $-67.0M | $-169.0M | $264.0M | $347.0M | $-57.0M | $-214.0M | $152.0M |
| Depreciation & Amortization | $228.0M | $230.0M | $235.0M | $249.0M | $247.0M | $242.0M | $246.0M | $237.0M |
| Depreciation | $227.0M | $227.0M | $200.0M | $247.0M | $246.0M | $239.0M | $206.0M | $235.0M |
| Amortization | $3.0M | $4.0M | $3.0M | $3.0M | $3.0M | $4.0M | $3.0M | $3.0M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $519.0M | $142.0M | $652.0M | $767.0M | $887.0M | $-39.0M | $489.0M | $536.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $157.0M | $182.0M | $165.0M | $162.0M | $131.0M | $188.0M | $227.0M | $248.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-152.0M | $-179.0M | $-121.0M | $-160.0M | $-125.0M | $-185.0M | $-209.0M | $-260.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $125.0M | $608.0M | $0 | $58.0M | $94.0M | $0 | $30.0M | $34.0M |
| Net Cash from Financing Activities | $-287.0M | $-131.0M | $-364.0M | $-610.0M | $-787.0M | $257.0M | $-310.0M | $-267.0M |
| Net Change in Cash | $80.0M | $-168.0M | $167.0M | $-3.0M | $-25.0M | $33.0M | $-30.0M | $9.0M |
| Free Cash Flow | $362.0M | $-40.0M | $487.0M | $605.0M | $756.0M | $-227.0M | $262.0M | $288.0M |