2019 Q4 Form 10-Q Financial Statement

#000076406519000175 Filed on October 23, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2019 Q2
Revenue $534.1M $555.6M $743.2M
YoY Change -23.29% -25.1% 4.05%
Cost Of Revenue $407.2M $400.7M $480.2M
YoY Change -17.45% -16.56% 11.73%
Gross Profit $126.9M $154.9M $263.0M
YoY Change -37.18% -40.79% -7.56%
Gross Profit Margin 23.76% 27.88% 35.39%
Selling, General & Admin $37.20M $25.50M $29.40M
YoY Change 5.08% -12.37% 12.21%
% of Gross Profit 29.31% 16.46% 11.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.00M $22.00M $20.90M
YoY Change 7.84% 14.58% -18.04%
% of Gross Profit 17.34% 14.2% 7.95%
Operating Expenses $45.20M $33.30M $36.20M
YoY Change 14.14% -7.76% 19.47%
Operating Profit $81.70M $121.6M $226.8M
YoY Change -49.69% -46.08% -10.78%
Interest Expense -$24.70M -$25.30M -$26.10M
YoY Change -5.0% -14.24% -16.61%
% of Operating Profit -30.23% -20.81% -11.51%
Other Income/Expense, Net $900.0K -$25.00M -$43.40M
YoY Change -78.05% -0.79% 63.16%
Pretax Income $57.90M $96.60M $183.4M
YoY Change -56.95% -51.77% -19.42%
Income Tax -$5.500M $4.800M $22.00M
% Of Pretax Income -9.5% 4.97% 12.0%
Net Earnings $63.20M $90.90M $160.8M
YoY Change -89.63% -79.24% -2.6%
Net Earnings / Revenue 11.83% 16.36% 21.64%
Basic Earnings Per Share $0.23 $0.34 $0.59
Diluted Earnings Per Share $0.23 $0.33 $0.57
COMMON SHARES
Basic Shares Outstanding 270.1M shares 270.0M shares 275.8M shares
Diluted Shares Outstanding 276.6M shares 285.5M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $353.0M $399.0M $377.0M
YoY Change -57.11% -55.52% -53.05%
Cash & Equivalents $353.0M $399.3M $377.2M
Short-Term Investments
Other Short-Term Assets $75.00M $40.70M $42.30M
YoY Change 88.44% 116.49% 57.84%
Inventory $317.0M $328.0M $219.0M
Prepaid Expenses
Receivables $94.00M $164.9M $193.1M
Other Receivables $59.00M $59.00M $59.00M
Total Short-Term Assets $898.0M $1.065B $1.119B
YoY Change -39.31% -35.5% -27.64%
LONG-TERM ASSETS
Property, Plant & Equipment $1.929B $1.770B $1.597B
YoY Change 50.0% 54.6% 47.72%
Goodwill $2.000M
YoY Change
Intangibles $48.10M
YoY Change
Long-Term Investments
YoY Change
Other Assets $215.0M $114.9M $118.3M
YoY Change 20.85% -5.35% 0.51%
Total Long-Term Assets $2.606B $2.427B $2.274B
YoY Change 27.12% 64.58% 51.12%
TOTAL ASSETS
Total Short-Term Assets $898.0M $1.065B $1.119B
Total Long-Term Assets $2.606B $2.427B $2.274B
Total Assets $3.504B $3.491B $3.393B
YoY Change -0.73% 11.72% 11.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $193.0M $212.8M $188.1M
YoY Change 3.32% 51.14% 58.07%
Accrued Expenses $126.3M $91.00M $90.00M
YoY Change -20.52% -4.31% 5.76%
Deferred Revenue $15.50M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $409.0M $458.5M $437.4M
YoY Change -12.64% 20.44% -7.9%
LONG-TERM LIABILITIES
Long-Term Debt $2.114B $2.109B $2.105B
YoY Change 1.01% -8.3% -8.38%
Other Long-Term Liabilities $311.0M $151.4M $149.7M
YoY Change 151.62% 24.3% -5.43%
Total Long-Term Liabilities $2.425B $2.261B $2.254B
YoY Change 9.41% -6.66% -8.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $409.0M $458.5M $437.4M
Total Long-Term Liabilities $2.425B $2.261B $2.254B
Total Liabilities $3.146B $3.131B $3.108B
YoY Change 1.31% -2.49% -7.45%
SHAREHOLDERS EQUITY
Retained Earnings -$2.842B -$2.889B -$2.953B
YoY Change -7.13% -20.95% -27.85%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $391.0M $390.9M $391.3M
YoY Change 110.1% 181.02% 165.29%
Treasury Stock Shares 31.80M shares 31.81M shares 3.879M shares
Shareholders Equity $358.0M $359.9M $285.6M
YoY Change
Total Liabilities & Shareholders Equity $3.504B $3.491B $3.393B
YoY Change -0.73% 11.72% 11.2%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income $63.20M $90.90M $160.8M
YoY Change -89.63% -79.24% -2.6%
Depreciation, Depletion And Amortization $22.00M $22.00M $20.90M
YoY Change 7.84% 14.58% -18.04%
Cash From Operating Activities $175.4M $238.2M $263.9M
YoY Change -40.14% -5.4% 181.94%
INVESTING ACTIVITIES
Capital Expenditures -$191.1M -$153.5M -$161.7M
YoY Change 96.6% 121.5% 444.44%
Acquisitions
YoY Change
Other Investing Activities -$3.800M -$3.600M -$5.100M
YoY Change 72.73% -21.74% -492.31%
Cash From Investing Activities -$194.9M -$157.1M -$166.8M
YoY Change 96.08% 112.58% 487.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -27.20M -59.00M -150.1M
YoY Change -89.83% -28.05% 702.67%
NET CHANGE
Cash From Operating Activities 175.4M 238.2M 263.9M
Cash From Investing Activities -194.9M -157.1M -166.8M
Cash From Financing Activities -27.20M -59.00M -150.1M
Net Change In Cash -46.70M 22.10M -53.00M
YoY Change -36.81% -76.96% -213.98%
FREE CASH FLOW
Cash From Operating Activities $175.4M $238.2M $263.9M
Capital Expenditures -$191.1M -$153.5M -$161.7M
Free Cash Flow $366.5M $391.7M $425.6M
YoY Change -6.07% 21.99% 245.17%

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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2018Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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us-gaap Earnings Per Share Diluted
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us-gaap Net Income Loss
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-341800000 USD
CY2019Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
38800000 USD
CY2018Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
123000000.0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
101700000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
200700000 USD
CY2019Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
72800000 USD
CY2018Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
190600000 USD
CY2018Q4 clf Mine Reclamation And Closing Liability Current And Noncurrent
MineReclamationAndClosingLiabilityCurrentAndNoncurrent
174900000 USD
CY2019Q3 us-gaap Accrued Reclamation Costs Current
AccruedReclamationCostsCurrent
2500000 USD
CY2018Q4 us-gaap Accrued Reclamation Costs Current
AccruedReclamationCostsCurrent
2900000 USD
CY2019Q3 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
179100000 USD
CY2018Q4 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
172000000.0 USD
CY2019Q3 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-6500000 USD
CY2018Q3 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
15900000 USD
us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
81800000 USD
us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
141000000.0 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 USD
CY2018Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
3000000.0 USD
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 USD
CY2017Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1700000 USD
CY2019Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-34400000 USD
CY2018Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-3100000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-39700000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-7400000 USD
CY2019Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
4200000 USD
CY2018Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
400000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
9500000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
3400000 USD
CY2019Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
30200000 USD
CY2018Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
5700000 USD
CY2019Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
30200000 USD
CY2018Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
5700000 USD
CY2019Q3 us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-30200000 USD
CY2018Q3 us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-2700000 USD
us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-30200000 USD
us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-5700000 USD
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
11.24
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y10M13D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.675
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0255
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
18.31
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Offering Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPriceOfferingDate
1.6290
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.096
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.001
CY2019Q3 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-500000 USD
us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-1300000 USD
CY2018Q3 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-200000 USD
us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-13900000 USD
us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-13900000 USD
clf Repealof Am Tamount
RepealofAMTamount
14500000 USD
CY2019Q3 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
2100000 USD
CY2018Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
2500000 USD
CY2019Q3 clf Mine Reclamation And Closing Liability Current And Noncurrent
MineReclamationAndClosingLiabilityCurrentAndNoncurrent
181600000 USD
CY2018Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
172400000 USD
CY2017Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
168400000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
7600000 USD
CY2018 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
9500000 USD
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
500000 USD
CY2018 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
1000000.0 USD
us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
0 USD
CY2018 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
-4500000 USD
CY2019Q3 us-gaap Asset Retirement Obligation
AssetRetirementObligation
179500000 USD
CY2018Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
172400000 USD
CY2019Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
72800000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
91500000 USD
CY2019Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
32600000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
3700000 USD
CY2019Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-900000 USD
CY2018Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
238000000.0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1500000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
102800000 USD
us-gaap Noncash Investing And Financing Activities Related Text
NoncashInvestingAndFinancingActivitiesRelatedText
For the nine months ended September 30, 2018, we had $27.1 million of non-cash financing activities related to the release of asset retirement obligations at Asia Pacific Iron Ore as part of the sale of substantially all remaining assets.
CY2018Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
200000000 USD
CY2019Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
24400000 shares
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
252900000 USD
CY2019Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
200000 USD
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
505600000 USD
clf Property Plantand Equipment Additions Including Discontinued Operations
PropertyPlantandEquipmentAdditionsIncludingDiscontinuedOperations
242000000.0 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
-26100000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
-42200000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
29300000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
7600000 USD
clf Governmentgrantrebate
Governmentgrantrebate
-10500000 USD
clf Governmentgrantrebate
Governmentgrantrebate
-2500000 USD
clf Payments To Acquire Property Plant And Equipment Net
PaymentsToAcquirePropertyPlantAndEquipmentNet
-460700000 USD
clf Payments To Acquire Property Plant And Equipment Net
PaymentsToAcquirePropertyPlantAndEquipmentNet
-194700000 USD
CY2019Q3 us-gaap Dividends Payable Current
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27000000.0 USD
us-gaap Net Income Loss
NetIncomeLoss
229600000 USD
us-gaap Net Income Loss
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518600000 USD
CY2019Q3 clf Percentage Of Related Party Revenue
PercentageOfRelatedPartyRevenue
0.509
CY2018Q3 clf Percentage Of Related Party Revenue
PercentageOfRelatedPartyRevenue
0.573
clf Percentage Of Related Party Revenue
PercentageOfRelatedPartyRevenue
0.529
clf Percentage Of Related Party Revenue
PercentageOfRelatedPartyRevenue
0.566
CY2019Q3 us-gaap Short Term Non Bank Loans And Notes Payable
ShortTermNonBankLoansAndNotesPayable
0 USD
CY2018Q4 us-gaap Short Term Non Bank Loans And Notes Payable
ShortTermNonBankLoansAndNotesPayable
43500000 USD
CY2019Q3 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
152600000 USD
CY2018Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
220000000.0 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
91800000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
199800000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
231100000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
415800000 USD
CY2019Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-900000 USD
CY2018Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
238000000.0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1500000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
102800000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
90900000 USD
CY2018Q3 us-gaap Net Income Loss
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437800000 USD
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
270000000.0 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
297900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
278400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
297600000 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
3700000 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
8000000.0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
5800000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1900000 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2900000 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4300000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3600000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4000000.0 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
276600000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
310200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
287800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
303500000 shares
CY2019Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.34
CY2018Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.67
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.83
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.40
CY2019Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0
CY2018Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.80
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.01
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.35
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.47
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.82
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.75
CY2019Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.33
CY2018Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.64
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.80
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.37
CY2019Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0
CY2018Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.77
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.34
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.41
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.80
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.71
CY2019Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
32600000 USD
CY2019Q3 us-gaap Short Term Non Bank Loans And Notes Payable
ShortTermNonBankLoansAndNotesPayable
0 USD
CY2019Q3 us-gaap Other Liabilities Current
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121700000 USD
CY2019Q3 us-gaap Liabilities Current
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458500000 USD
CY2019Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
233200000 USD
CY2019Q3 us-gaap Mine Reclamation And Closing Liability Noncurrent
MineReclamationAndClosingLiabilityNoncurrent
179100000 USD
CY2019Q3 clf Estimated Project Capital Expenditures
EstimatedProjectCapitalExpenditures
830000000 USD
CY2019Q3 clf Project Spend Contingency Percentage
ProjectSpendContingencyPercentage
0.20
CY2019Q3 us-gaap Unrecorded Unconditional Purchase Obligation Due In Remainder Of Fiscal Year
UnrecordedUnconditionalPurchaseObligationDueInRemainderOfFiscalYear
180000000 USD
CY2019Q3 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
245000000 USD
CY2019Q3 us-gaap Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
1
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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399300000 USD
CY2019Q3 us-gaap Accounts Receivable Net Current
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164900000 USD
CY2019Q3 us-gaap Inventory Finished Goods Net Of Reserves
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162200000 USD
CY2019Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
55200000 USD
CY2019Q3 us-gaap Supplies
Supplies
110800000 USD
CY2019Q3 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
72800000 USD
CY2019Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
58700000 USD
CY2019Q3 us-gaap Other Assets Current
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40700000 USD
CY2019Q3 us-gaap Assets Current
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1064600000 USD
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1769900000 USD
CY2019Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
41600000 USD
CY2019Q3 us-gaap Income Taxes Receivable Noncurrent
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62700000 USD
CY2019Q3 us-gaap Deferred Income Tax Assets Net
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437500000 USD
CY2019Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2019Q3 clf Longtermintercompanynotes
Longtermintercompanynotes
0 USD
CY2019Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
114900000 USD
CY2019Q3 clf Total Other Assets
TotalOtherAssets
656700000 USD
CY2019Q3 us-gaap Assets
Assets
3491200000 USD
CY2019Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
212800000 USD
CY2019Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
57300000 USD
CY2019Q3 us-gaap Interest Payable Current
InterestPayableCurrent
34100000 USD
CY2019Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2109100000 USD
CY2019Q3 clf Longtermintercompanynotespayable
Longtermintercompanynotespayable
0 USD
CY2019Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
151400000 USD
CY2019Q3 us-gaap Liabilities
Liabilities
3131300000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
359900000 USD
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3491200000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
823200000 USD
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
226700000 USD
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
77800000 USD
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
10100000 USD
CY2018Q4 us-gaap Supplies
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93200000 USD
CY2018Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
91500000 USD
CY2018Q4 us-gaap Income Taxes Receivable
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117300000 USD
CY2018Q4 us-gaap Other Assets Current
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39800000 USD
CY2018Q4 us-gaap Assets Current
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1479600000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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1286000000.0 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets
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83000000.0 USD
CY2018Q4 us-gaap Income Taxes Receivable Noncurrent
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121300000 USD
CY2018Q4 us-gaap Deferred Income Tax Assets Net
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464800000 USD
CY2018Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2018Q4 clf Longtermintercompanynotes
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