CLF: the balance sheet

MyFinsight

For the year ending 2025-12-31, CLF has $20,012M in assets. $13,689M in debts. $57M in cash and cash equivalents.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and cash equivalents	57	54	198	26
Accounts receivable, net	1,442	1,576	1,840	1,960
Inventories	4,772	5,094	4,460	5,130
Other current assets	164	183	138	306
Total current assets	6,435	6,907	6,636	7,422
Property, plant and equipment, net	9,481	9,942	8,895	9,070
Goodwill	1,814	1,768	1,005	1,130
Intangible assets	1,135	1,170	-	-
Pension and opeb assets	469	427	329	356
Other non-current assets	678	733	672	777
Total assets	20,012	20,947	17,537	18,755

Accounts payable	1,893	2,008	2,099	2,186
Accrued employment costs	517	447	511	429
Accrued expenses	396	375	380	-
Other current liabilities	496	492	518	934
Total current liabilities	3,302	3,322	3,508	3,549
Long-term debt	7,253	7,065	3,137	4,249
Pension liability, non-current	-	-	-	473
Opeb liability, non-current	-	-	-	585
Pension and opeb liabilities	655	751	821	-
Deferred income taxes	375	858	639	590
Asset retirement and environmental obligations	682	601	-	-
Other non-current liabilities	1,422	1,453	1,310	1,267
Total liabilities	13,689	14,050	9,415	10,713
Common shares - par value 0.125 per share	76	66	66	66
Capital in excess of par value of shares	5,736	4,758	4,861	4,871
Retained earnings (deficit)	-529	979	1,733	1,334
Cost of 17,710,751 common shares in treasury (2021 - 6,673,582 shares)	-	-	-	310
Cost of 36,292,287 common shares in treasury (2024 - 37,102,625 shares)	659	676	430	-
Accumulated other comprehensive income	1,492	1,537	1,657	1,830
Total cliffs shareholders' equity	6,116	6,664	7,887	7,791
Noncontrolling interests	207	233	235	251
Total equity	6,323	6,897	8,122	8,042
Total liabilities and equity	20,012	20,947	17,537	18,755

Unit: Million (M) dollars