The company states: "For the fourth quarter of 2022, the Company recorded a net loss of $204 million, corresponding to a loss of $0.41 per diluted share attributable to Cliffs shareholders. This included the following charges totaling $57 million, or $0.11 per diluted share: charges of $49 million, or 9c per diluted share, related to state tax provision reconciliations; and net charges of $8 million, or 2c per diluted share, for loss on disposals of assets, partially offset by gains on extinguishment of debt."
Published first on TheFly
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