Income Statement United States Steel Corporation

Equities

X

US9129091081

Iron & Steel

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Feb. 13	Trump says he will meet with US Steel	RE
Feb. 13	Trump Doesn't Want US Steel-Nippon Steel Deal, Bloomberg Reports	MT

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Published financial data: UNITED STATES STEEL CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	9.74B	20.28B	21.06B	18.05B	15.64B
Total Revenues	9.74B	20.28B	21.06B	18.05B	15.64B
Cost of Goods Sold, Total	9.49B	14.46B	16.71B	15.75B	14.01B
Gross Profit	250M	5.81B	4.35B	2.3B	1.63B
Selling General & Admin Expenses, Total	316M	450M	241M	401M	351M
Depreciation & Amortization - (IS)	643M	791M	791M	916M	913M
Other Operating Expenses	3M	-28M	-35M	-16M	77M
Other Operating Expenses, Total	962M	1.21B	997M	1.3B	1.34B
Operating Income	-712M	4.6B	3.36B	1B	287M
Interest Expense, Total	-295M	-327M	-168M	-81M	-33M
Interest And Investment Income	7M	174M	287M	256M	208M
Net Interest Expenses	-288M	-153M	119M	175M	175M
Currency Exchange Gains (Loss)	15M	-17M	-11M	5M	-6M
Other Non Operating Income (Expenses)	16M	-15M	-12M	29M	11M
EBT, Excl. Unusual Items	-969M	4.41B	3.45B	1.21B	467M
Restructuring Charges	-138M	-128M	-48M	-36M	-8M
Gain (Loss) On Sale Of Investments	-86M	111M	6M	-	-
Gain (Loss) On Sale Of Assets	149M	513M	12M	-	-
Asset Writedown	-263M	-273M	-163M	-129M	-19M
Other Unusual Items	-	-292M	-	-	-2M
EBT, Incl. Unusual Items	-1.31B	4.34B	3.26B	1.05B	438M
Income Tax Expense	-142M	170M	735M	152M	54M
Earnings From Continuing Operations	-1.16B	4.17B	2.52B	895M	384M
Net Income to Company	-1.16B	4.17B	2.52B	895M	384M
Net Income - (IS)	-1.16B	4.17B	2.52B	895M	384M
Net Income to Common Incl Extra Items	-1.16B	4.17B	2.52B	895M	384M
Net Income to Common Excl. Extra Items	-1.16B	4.17B	2.52B	895M	384M
Per Share Items
Net EPS - Basic	-5.92	15.77	10.22	3.98	1.71
Basic EPS - Continuing Operations	-5.92	15.77	10.22	3.98	1.71
Basic Weighted Average Shares Outstanding	197M	265M	247M	225M	225M
Net EPS - Diluted	-5.92	14.88	9.16	3.56	1.56
Diluted EPS - Continuing Operations	-5.92	14.88	9.16	3.56	1.56
Diluted Weighted Average Shares Outstanding	197M	280M	277M	255M	254M
Normalized Basic EPS	-3.08	10.42	8.74	3.37	1.3
Normalized Diluted EPS	-3.08	9.83	7.79	2.97	1.15
Dividend Per Share	0.04	0.08	0.2	0.2	0.2
Payout Ratio	-0.69	-	-	-	-
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	-69M	5.39B	4.15B	1.92B	1.2B
EBITA	-704M	4.62B	3.4B	1.04B	307M
EBIT	-712M	4.6B	3.36B	1B	287M
EBITDAR	12M	5.47B	4.23B	1.99B	1.26B
Total Revenues (As Reported)	9.74B	20.28B	21.06B	18.05B	15.64B
Effective Tax Rate - (Ratio)	10.86	3.91	22.55	14.52	12.33
Current Domestic Taxes	-13M	43M	155M	53M	-59M
Current Foreign Taxes	1M	179M	79M	2M	-
Total Current Taxes	-12M	222M	234M	55M	-59M
Deferred Domestic Taxes	-119M	-63M	494M	102M	84M
Deferred Foreign Taxes	-11M	11M	7M	-5M	29M
Total Deferred Taxes	-130M	-52M	501M	97M	113M
Normalized Net Income	-606M	2.76B	2.16B	758M	292M
Interest Capitalized	26M	29M	59M	162M	213M
Interest on Long-Term Debt	326M	366M	235M	252M	253M
Non-Cash Pension Expense	94M	146M	-39M	18M	53M
Supplemental Operating Expense Items
Net Rental Expense, Total	81M	83M	79M	69M	62M
Imputed Operating Lease Interest Expense	46.29M	51.42M	34.92M	31.67M	28.41M
Imputed Operating Lease Depreciation	34.71M	31.58M	44.08M	37.33M	33.59M
Stock-Based Comp., COGS (Total)	8M	14M	15M	16M	20M
Stock-Based Comp., SG&A Exp. (Total)	18M	41M	42M	35M	32M
Total Stock-Based Compensation	26M	55M	57M	51M	52M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.98B	2.52B	3.5B	2.95B	1.37B
Total Cash And Short Term Investments	1.98B	2.52B	3.5B	2.95B	1.37B
Accounts Receivable, Total	989M	2.04B	1.6B	1.55B	1.4B
Total Receivables	989M	2.04B	1.6B	1.55B	1.4B
Inventory	1.4B	2.21B	2.36B	2.13B	2.17B
Restricted Cash	3M	2M	4M	8M	11M
Other Current Assets, Total	53M	376M	397M	311M	288M
Total Current Assets	4.43B	7.15B	7.87B	6.94B	5.23B
Gross Property Plant And Equipment	18.01B	19.99B	21.51B	24.22B	26.44B
Accumulated Depreciation	-12.36B	-12.55B	-12.87B	-13.72B	-14.4B
Net Property Plant And Equipment	5.66B	7.44B	8.64B	10.5B	12.04B
Long-term Investments	1.14B	663M	817M	740M	736M
Goodwill	-	920M	920M	920M	920M
Other Intangibles, Total	129M	519M	478M	436M	416M
Deferred Tax Assets Long-Term	22M	32M	10M	19M	-
Other Long-Term Assets, Total	678M	1.09B	729M	891M	886M
Total Assets	12.06B	17.82B	19.46B	20.45B	20.24B
Liabilities
Accounts Payable, Total	1.54B	2.65B	2.74B	2.7B	2.51B
Accrued Expenses, Total	423M	558M	592M	539M	391M
Current Portion of Long-Term Debt	176M	12M	38M	99M	37M
Current Portion of Leases	75M	74M	74M	87M	93M
Current Income Taxes Payable	154M	365M	271M	222M	131M
Other Current Liabilities	292M	193M	245M	304M	215M
Total Current Liabilities	2.66B	3.85B	3.96B	3.95B	3.37B
Long-Term Debt	4.63B	3.79B	3.82B	3.94B	3.93B
Long-Term Leases	228M	212M	203M	210M	195M
Pension & Other Post Retirement Benefits	322M	235M	209M	126M	117M
Deferred Tax Liability Non Current	11M	122M	456M	587M	657M
Other Non Current Liabilities	333M	505M	504M	497M	526M
Total Liabilities	8.18B	8.71B	9.15B	9.31B	8.8B
Common Stock, Total	229M	280M	283M	286M	288M
Additional Paid In Capital	4.4B	5.2B	5.19B	5.25B	5.31B
Retained Earnings	-623M	3.53B	6.03B	6.88B	7.22B
Treasury Stock	-175M	-334M	-1.2B	-1.42B	-1.45B
Comprehensive Income and Other	-47M	331M	-85M	46M	-21M
Total Common Equity	3.79B	9.01B	10.22B	11.05B	11.35B
Minority Interest	93M	93M	93M	93M	93M
Total Equity	3.88B	9.1B	10.31B	11.14B	11.44B
Total Liabilities And Equity	12.06B	17.82B	19.46B	20.45B	20.24B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	262M	261M	227M	224M	225M
ECS Total Common Shares Outstanding	220M	264M	228M	224M	225M
Book Value / Share	17.18	34.15	44.74	49.39	50.39
Tangible Book Value	3.66B	7.57B	8.82B	9.69B	10.01B
Tangible Book Value Per Share	16.59	28.7	38.62	43.33	44.46
Total Debt	5.11B	4.08B	4.13B	4.34B	4.25B
Net Debt	3.12B	1.56B	627M	1.39B	2.88B
Debt Equivalent of Unfunded Proj. Benefit Obligation	151M	-210M	16M	-103M	-130M
Debt Equivalent Oper. Leases	648M	664M	632M	552M	496M
Minority Interest, Total (Incl. Fin. Div)	93M	93M	93M	93M	93M
Equity Method Investments, Total	1.14B	660M	810M	740M	734M
Account Code - Inventory Valuation	4	4	4	4	4
LIFO Reserve, Total	-848M	-896M	-1.15B	-1.25B	1.14B
Inventories - Raw Materials, Total	416M	713M	1.1B	773M	959M
Inventories - Work In Process, Total	633M	1.06B	811M	877M	828M
Inventories - Finished Goods, Total	300M	388M	398M	428M	331M
Inventories - Others	53M	53M	52M	50M	50M
Land - (BS)	237M	213M	210M	216M	257M
Buildings, Total	1.15B	1.56B	1.53B	1.85B	2.88B
Machinery, Total	14.79B	16.06B	16B	16.9B	19.89B
Full Time Employees	23.35K	24.54K	22.74K	21.8K	22.05K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	34M	44M	38M	38M	26M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-1.16B	4.17B	2.52B	895M	384M
Depreciation & Amortization - CF	635M	765M	749M	874M	893M
Amortization of Goodwill and Intangible Assets - (CF)	8M	26M	42M	42M	20M
Depreciation & Amortization, Total	643M	791M	791M	916M	913M
(Gain) Loss From Sale Of Asset	-149M	-513M	-12M	-6M	-5M
(Gain) Loss on Sale of Investments - (CF)	-25M	-111M	-6M	-	-
Asset Writedown & Restructuring Costs	401M	401M	211M	165M	27M
(Income) Loss On Equity Investments - (CF)	111M	-168M	-215M	-1M	-3M
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	-151M	255M	288M	-28M	47M
Change In Accounts Receivable	98M	-955M	370M	103M	174M
Change In Inventories	506M	-677M	-222M	257M	-71M
Change In Accounts Payable	-29M	783M	-180M	25M	-285M
Change In Income Taxes	20M	161M	-15M	-27M	-126M
Change in Other Net Operating Assets	-122M	-51M	-29M	-199M	-136M
Cash from Operations	138M	4.09B	3.5B	2.1B	919M
Capital Expenditure	-725M	-863M	-1.77B	-2.58B	-2.29B
Sale of Property, Plant, and Equipment	167M	26M	32M	8M	5M
Cash Acquisitions	-	-625M	-	-	-
Divestitures	-	627M	-	-	-
Investment in Marketable and Equity Securities, Total	-5M	-	12M	-	-
Other Investing Activities, Total	-	-5M	46M	-	6M
Cash from Investing	-563M	-840M	-1.68B	-2.57B	-2.28B
Short Term Debt Issued, Total	170M	-	-	-	-
Long-Term Debt Issued, Total	2.55B	914M	343M	241M	-
Total Debt Issued	2.72B	914M	343M	241M	-
Short Term Debt Repaid, Total	-	-180M	-	-	-
Long-Term Debt Repaid, Total	-1.63B	-4.09B	-382M	-89M	-128M
Total Debt Repaid	-1.63B	-4.27B	-382M	-89M	-128M
Issuance of Common Stock	410M	790M	-	-	-
Repurchase of Common Stock	-1M	-150M	-849M	-175M	-
Common Dividends Paid	-8M	-	-	-	-
Common & Preferred Stock Dividends Paid	-8M	-	-	-	-
Other Financing Activities, Total	94M	-27M	20M	-75M	-71M
Cash from Financing	1.58B	-2.75B	-868M	-98M	-199M
Foreign Exchange Rate Adjustments	23M	-21M	-19M	15M	-19M
Net Change in Cash	1.18B	482M	939M	-551M	-1.58B
Supplemental Items
Cash Interest Paid	248M	319M	161M	68M	35M
Cash Income Tax Paid (Refund)	-45M	75M	242M	86M	53M
Levered Free Cash Flow	-214M	1.83B	1.42B	-751M	-1.55B
Unlevered Free Cash Flow	-30M	2.03B	1.53B	-700M	-1.53B
Change In Net Working Capital	-471M	822M	-349M	-282M	389M
Net Debt Issued / Repaid	1.09B	-3.36B	-39M	152M	-128M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-3.76	19.24	11.25	3.14	0.88
Return on Total Capital	-5.25	25.92	15.18	4.19	1.15
Return On Equity %	-29.23	64.3	26	8.34	3.4
Return on Common Equity	-29.58	65.24	26.25	8.42	3.43
Margin Analysis
Gross Profit Margin %	2.57	28.66	20.66	12.76	10.41
SG&A Margin	3.24	2.22	1.14	2.22	2.24
EBITDA Margin %	-0.71	26.58	19.69	10.63	7.67
EBITA Margin %	-7.23	22.81	16.13	5.79	1.96
EBIT Margin %	-7.31	22.68	15.93	5.56	1.84
Income From Continuing Operations Margin %	-11.96	20.59	11.98	4.96	2.46
Net Income Margin %	-11.96	20.59	11.98	4.96	2.46
Net Avail. For Common Margin %	-11.96	20.59	11.98	4.96	2.46
Normalized Net Income Margin	-6.22	13.6	10.24	4.2	1.87
Levered Free Cash Flow Margin	-2.2	9.03	6.74	-4.16	-9.92
Unlevered Free Cash Flow Margin	-0.31	10.04	7.24	-3.88	-9.79
Asset Turnover
Asset Turnover	0.82	1.36	1.13	0.9	0.77
Fixed Assets Turnover	1.72	3.1	2.62	1.89	1.39
Receivables Turnover (Average Receivables)	9	13.38	11.56	11.34	10.62
Inventory Turnover (Average Inventory)	5.96	8.01	7.32	7.02	6.52
Short Term Liquidity
Current Ratio	1.67	1.86	1.99	1.76	1.55
Quick Ratio	1.12	1.18	1.29	1.14	0.82
Operating Cash Flow to Current Liabilities