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Cleveland-Cliffs CLF Asset retirement and environmental obligations

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Other financials

Income statement

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Revenue$4.9B+6.3%
Gross profit-$82.0M+79.3%
Operating income-$213.0M+60.8%
Net income-$229.0M+52.9%
EPS (diluted)-$0.42+58.4%

Balance sheet

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Cash & equivalents$45.0M-21.1%
Total debt$7.8B+2.1%
Total equity$5.8B-6.9%
Total assets$20.1B-3.5%

Cash flow

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Operating cash flow-$325.0M+7.4%
CapEx$152.0M0.0%
Free cash flow-$477.0M+5.2%

Valuation

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Market cap$7B+18.6%
Enterprise value$14.72B+8.0%
P/S0.4×+0.1×

Profitability

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Gross margin-2.9%
Operating margin-6.6%-0.2pp
Net margin-6.2%0.0pp
FCF margin-5.3%-0.3pp

Returns & leverage

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Return on equity-19.3%+3.1pp
Debt / equity1.3×+0.1×
Current ratio-0.1×

Where this comes from

Reported directly by Cleveland-Cliffs in its filing.

Tagged under the XBRL concept clf:AssetRetirementAndEnvironmentalObligations.

The official record: Cleveland-Cliffs’s 10-Q, filed April 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cleveland-Cliffs's asset retirement and environmental obligations?
Cleveland-Cliffs (CLF) reported asset retirement and environmental obligations of $693M in Q1 2026.
How has Cleveland-Cliffs's asset retirement and environmental obligations changed year-over-year?
Cleveland-Cliffs's asset retirement and environmental obligations increased by 13.8% year-over-year, from $609M to $693M.
What is the long-term trend for Cleveland-Cliffs's asset retirement and environmental obligations?
Over 2 years (2023 to 2025), Cleveland-Cliffs's asset retirement and environmental obligations has grown at a 10.7% compound annual growth rate (CAGR), from $557M to $682M.
What does asset retirement and environmental obligations mean?
This metric captures the estimated long-term financial obligations associated with the future decommissioning of facilities, site reclamation, and environmental remediation efforts. It reflects the company's commitment to restoring operational sites to regulatory standards upon the conclusion of their useful life. For industrial and mining-focused firms, this represents a critical long-term liability that highlights the potential future capital expenditures required for environmental compliance and site closure.