CLEVELAND-CLIFFS INC. (CLF) FY2026 YTD Q2 P&L / Income Statement

CLEVELAND-CLIFFS INC. (CLF) FY2026 YTD Q2 P&L / Income Statement

Income statement for 2026-01-01 through 2026-06-30. View: Segments by Industry Sector. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenues

10,148,000,000 US dollars

Cost of goods sold

10,098,000,000 US dollars

Gross profit (calculated)

50,000,000 US dollars

Operating expenses (calculated)

312,000,000 US dollars

Operating loss

negative 262,000,000 US dollars

Total other expense

negative 197,000,000 US dollars

Loss from continuing operations before income taxes

negative 459,000,000 US dollars

Income tax benefit

negative 101,000,000 US dollars

Net loss

negative 363,000,000 US dollars

Other Businesses - Direct automotive

285,000,000 US dollars

Other Businesses - Distributors and converters

34,000,000 US dollars

Other Businesses - Infrastructure and manufacturing

20,000,000 US dollars

Steelmaking - Direct automotive

2,829,000,000 US dollars

Steelmaking - Distributors and converters

3,101,000,000 US dollars

Steelmaking - Infrastructure and manufacturing

2,801,000,000 US dollars

Steelmaking - Steel producers

1,078,000,000 US dollars

Undisclosed (calculated)

89,000,000 US dollars

Asset Impairment Charges

0 US dollars

Selling, general and administrative expenses

279,000,000 US dollars

Restructuring and other charges

3,000,000 US dollars

Miscellaneous – net

30,000,000 US dollars

Revenue before reconciliation (calculated)

10,237,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Eliminations

negative 89,000,000 US dollars. Reported reconciliation to consolidated revenue.

Loss from discontinued operations, net of tax

negative 5,000,000 US dollars. Reported below-tax contribution to net income.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
• Of which attributable to CLEVELAND-CLIFFS INC.: −$382.00 M; to noncontrolling interests: $19.00 M.