---
schema_version: "secwatch.filing_event.v1"
accession: "0000764065-23-000029"
form_type: "8-K"
ticker: "CLF"
cik: "0000764065"
company_name: "CLEVELAND-CLIFFS INC."
filed_at: "2023-02-13T23:59:59+00:00"
generated_at: "2026-06-19T16:58:57.292674+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cleveland-Cliffs reports record $23B revenue in FY2022; Q4 net loss $204M

## Summary
- Full-year revenue $23.0B (record), net income $1.4B ($2.55 diluted EPS); adjusted EBITDA $3.2B.
- Q4 revenue $5.0B, net loss $204M ($0.41 loss per share); adjusted EBITDA $123M vs $1.5B in Q4 2021.
- Steelmaking segment Q4 adjusted EBITDA $109M; average selling price $1,156/ton vs $1,423/ton in Q4 2021.
- Reduced debt by $1.1B and pension/OPEB liabilities by $2.1B in FY2022; total liquidity ~$2.5B.
- Guides FY2023 steel shipments ~16M tons (up from 14.8M), capex $700-750M (down from $943M), and expects sequential EBITDA improvement.

## SEC filing metadata
- accession: 0000764065-23-000029
- form_type: 8-K
- ticker: CLF
- cik: 0000764065
- company_name: CLEVELAND-CLIFFS INC.
- filed_at: 2023-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764065/000076406523000029/0000764065-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764065/000076406523000029/clf-20230213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764065-23-000029
- JSON: https://secwatch.observer/filing/0000764065-23-000029.json
- Plain text: https://secwatch.observer/filing/0000764065-23-000029.txt

## Key facts
- Earnings Releases
  CLEVELAND-CLIFFS INC. reported financial results for the fourth-quarter and full-year financial results for the period ended December 31, 2022.
  - Period: the fourth-quarter and full-year financial results for the period ended December 31, 2022
  - Result: reported results
  source text: On February 13, 2023, Cleveland-Cliffs Inc. issued a news release announcing the fourth-quarter and full-year financial results for the period ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/764065/000076406523000029/0000764065-23-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.