What is Cleveland-Cliffs's eliminations — capital additions?

Cleveland-Cliffs (CLF) reported eliminations — capital additions of $0 in Q2 2026.

What is the long-term trend for Cleveland-Cliffs's eliminations — capital additions?

Over 4 years (2021 to 2025), Cleveland-Cliffs's eliminations — capital additions has grown at a -100.0% compound annual growth rate (CAGR), from $18M to $0.

What does eliminations — capital additions mean?

This metric reflects the elimination of intercompany capital expenditure transfers or internal asset reclassifications. It ensures that the total capital investment reported at the consolidated level accurately reflects external spending on property, plant, and equipment. It is used to prevent the inflation of capital expenditure figures due to internal asset movements.

Cleveland-Cliffs (CLF) Eliminations — Capital additions

Screener

Other segment segments

Steelmaking

$187M+24.7%

Other Businesses

$2M0.0%

Similar metrics at other companies

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$8.5M-44.3%

NEUPetroleum Additives — Segment Reporting, Long-Lived Asset, Expenditure for Addition

$23.16M+40.8%

EMNAdditives And Functional Products — Segment, Expenditure, Addition to Long-Lived Assets

$16M+6.7%

DFINCapital Markets Software Solutions — Segment Expenditure Addition To Long Lived Assets

$5.3M-14.5%

AMZNInternational — PP&E Additions

$1.73B+14.7%

AEPAEPTHCo — Gross Property Additions

$433M+0.7%

Other financials

Income statement

See full

Revenue$5.2B+5.9%

Gross profit$132.0M+162%

Operating income-$49.0M+90.2%

Net income-$134.0M+71.7%

EPS (diluted)-$0.25+74.5%

Balance sheet

See full

Cash & equivalents$70.0M+14.8%

Total debt$7.7B-0.3%

Total equity$5.6B-3.7%

Total assets$20.1B-1.7%

Cash flow

See full

Operating cash flow-$325.0M+7.4%

CapEx$157.0M+40.2%

Free cash flow-$477.0M+5.2%

Valuation

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Market cap$7.22B+55.7%

Enterprise value$14.85B+20.7%

P/S0.4×+0.1×

Profitability

See full

Gross margin-1.1%—

Operating margin-4.2%-1.5pp

Net margin-4.3%-1.5pp

FCF margin-5.3%-0.3pp

Returns & leverage

See full

Return on equity-14.6%-4.3pp

Debt / equity1.4×0.0×

Current ratio1.9×-0.2×

Where this comes from

Reported directly by Cleveland-Cliffs in its filing.

Tagged under the XBRL concept us-gaap:SegmentExpenditureAdditionToLongLivedAssets.

The source filing: Cleveland-Cliffs’s 10-Q, filed July 23, 2026.

Filed: Jul 23, 2026, 4:08 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0000764065-26-000100

(In millions)	Steelmaking	Other Businesses	Eliminations	Total
Currency exchange				(19)
Changes in fair value of derivatives, net				(12)
Gain on disposal of assets, net				2
Other, net				(4)
Net loss				$(134)
Capital Additions	$187	$2	—	$189
1 Other segment items primarily consist of the exclusion of EBITDA from noncontrolling interests from Adjusted EBITDA, certain idled facilities charges and the inclusion of items within Miscellaneous – net and Other non-operating income.
2 EBITDA from noncontrolling interests includes net income attributable to noncontrolling interests of $11 million and the exclusion of depreciation, depletion and amortization of $5 million.

ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Cleveland-Cliffs's eliminations — capital additions?: Cleveland-Cliffs (CLF) reported eliminations — capital additions of $0 in Q2 2026.
What is the long-term trend for Cleveland-Cliffs's eliminations — capital additions?: Over 4 years (2021 to 2025), Cleveland-Cliffs's eliminations — capital additions has grown at a -100.0% compound annual growth rate (CAGR), from $18M to $0.
What does eliminations — capital additions mean?: This metric reflects the elimination of intercompany capital expenditure transfers or internal asset reclassifications. It ensures that the total capital investment reported at the consolidated level accurately reflects external spending on property, plant, and equipment. It is used to prevent the inflation of capital expenditure figures due to internal asset movements.