![Cleveland-Cliffs Inc. [CLF] reports annual net loss of $450.0 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FCLF.png&w=3840&q=75)
Cleveland-Cliffs Inc. [CLF] reports annual net loss of $450.0 million
Company Reports Revenue of $22.0 billion
CLEVELAND-CLIFFS INC. [CLF] has reported a net loss of $450.0 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $22.0 billion
Based in Cleveland, Ohio, CLEVELAND-CLIFFS INC. operates in the MINING sector.
In the 12 months ended December 31, 2023, Cliffs reported revenues of $21.996 billion, a decrease from the previous period's revenue of $22.989 billion recorded in December 31, 2022, and an increase from $20.444 billion in December 31, 2021.
The cost of goods sold for the same periods was $20.605 billion, $20.471 billion, and $15.910 billion, respectively. Operating income for December 31, 2023, was $677 million, significantly lower than the $1.939 billion reported for December 31, 2022, and the $4.012 billion reported for December 31, 2021.
