Cleveland-Cliffs Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.87B | $1.55B | $2.01B | $3.37B | $3.89B | $5.87B | $6.56B | $4.48B |
| Cost of Revenue | $1.40B | $1.27B | $1.78B | $2.49B | $2.41B | $4.70B | $3.95B | $3.03B |
| Gross Profit | $467.6M | $280.1M | $236.5M | $885.7M | $1.48B | $1.17B | $2.61B | $1.46B |
| Gross Margin | 25.1% | 18.0% | 11.7% | 26.3% | 38.2% | 20.0% | 39.8% | 32.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $102.9M | $115.8M | $110.0M | $154.7M | $163.8M | $282.5M | $248.3M | $171.7M |
| Operating Income | $390.2M | $130.7M | $151.3M | $130.1M | $1.38B | $-308.8M | $2.30B | $1.23B |
| Operating Margin | 20.9% | 8.4% | 7.5% | 3.9% | 35.5% | -5.3% | 35.0% | 27.5% |
| Interest Expense | — | — | — | — | — | — | $216.5M | $70.1M |
| Pretax Income | $108.2M | $110.4M | $313.1M | $-19.7M | $1.19B | $-501.8M | $2.19B | $1.27B |
| Income Tax Expense | $-252.4M | $-12.2M | $169.3M | $-86.0M | $237.6M | $255.9M | $407.7M | $282.5M |
| Net Income | $367.0M | $174.1M | $-749.3M | $-7.22B | $413.5M | $-899.4M | $1.62B | $1.02B |
| Net Margin | 19.7% | 11.2% | -37.2% | -214.2% | 10.6% | -15.3% | 24.7% | 22.7% |
| EPS (Basic) | $1.28 | $0.88 | $-5.14 | $-47.52 | $2.40 | $-6.32 | $11.55 | $7.54 |
| EPS (Diluted) | $1.26 | $0.87 | $-5.13 | $-47.52 | $2.37 | $-6.32 | $11.48 | $7.49 |
| Shares Outstanding (Basic) | 288.4M | 197.7M | 153.2M | 153.1M | 151.7M | 142.4M | 140.2M | 135.3M |
| Shares Outstanding (Diluted) | 293.0M | 200.1M | 153.6M | 153.1M | 174.3M | 142.4M | 141.0M | 136.1M |
| Dividends Per Share | $0.00 | $0.00 | $0.00 | $0.60 | $0.60 | $2.16 | $0.84 | $0.51 |