Cash Flow Statement
Quarterly Data
The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
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United States Steel Corp. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Current Ratio since 2005
- Analysis of Revenues
- Aggregate Accruals
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United States Steel Corp., consolidated cash flow statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
- Net earnings (loss)
- The net earnings show a fluctuating pattern with periods of losses notably during 2019 and the early part of 2020, including a significant loss of -668 million USD in December 2019. From 2021 onwards, net earnings improve substantially, peaking at over 2000 million USD in December 2021, and remain positive but somewhat variable through mid-2023.
- Depreciation, depletion, and amortization
- This expense displays a steady, slight upward trend over time, increasing from approximately 128 million USD in early 2018 to above 220 million USD by mid-2023, indicating an ongoing investment in assets or increasing asset base.
- Asset impairment charges
- These charges are reported sporadically, with notable spikes in September 2018 and June 2021, followed by smaller charges more recently, suggesting occasional write-downs impacting earnings periodically.
- Restructuring and other charges
- The restructuring charges appear intermittently with some significant values in late 2019 and early 2021, and reducing to minimal or even negative charges in 2023, indicating periods of operational adjustments and cost control efforts.
- Pensions and other postretirement benefits
- The expenses related to pensions fluctuate, with certain quarters showing negative values (income or reductions in expense), particularly between 2020 and 2023, which may reflect changes in actuarial assumptions or investment returns.
- Deferred income taxes
- The deferred income tax figures exhibit considerable volatility, with large negative and positive amounts alternating, indicating variable tax impacts on earnings possibly related to timing differences and tax planning strategies.
- Equity investees earnings (loss), net of distributions
- These earnings reflect a negative trend from 2018 through 2021 with notable losses, but some recovery is observed in 2023, suggesting fluctuations in the performance of affiliated companies.
- Current receivables and inventories
- These working capital components show significant variability, with large swings between positive and negative changes, reflecting changes in sales, collections, or inventory management practices throughout the periods.
- Current accounts payable and accrued expenses
- Accounts payable changes are highly volatile, with sharp increases and decreases inconsistent over time, which may indicate changing payment terms or operational cash flow management reflecting supplier relationships and expenses.
- Net cash provided by (used in) operating activities
- Operating cash flow generally trends upward with peaks in late 2021, reflecting improved operating performance consistent with increased net earnings. Some negative quarters are seen in 2020, likely impacted by operational challenges.
- Capital expenditures
- Capital spending remains consistently high throughout the periods, with increased levels in late 2021 to mid-2023. This suggests a continued commitment to asset development and maintenance, possibly including the acquisition-related investments observed.
- Acquisition and investment activities
- The acquisition of Big River Steel in 2020 and related investments are marked by significant cash outflows, indicating strategic expansion. The sale of Transtar in 2021 provided a sizable inflow, tempering investment cash use in that period.
- Net cash used in investing activities
- Investing cash flows are predominantly negative due to consistent capital expenditures and acquisition-related payments, with occasional periods of inflows related to asset sales or strategic divestitures.
- Financing activities
- Financing cash flows are volatile, with large inflows from debt issuances and public stock offerings interspersed with repayments and stock repurchases. Notably, debt levels appear actively managed through various borrowings and repayments, with equity transactions providing periodic capital.
- Effect of exchange rate changes on cash
- The impact of exchange rate fluctuations on cash balances is relatively minor and inconsistent, not showing a clear trend but contributing negligible influence to overall cash position changes.
- Net increase (decrease) in cash, cash equivalents and restricted cash
- The net cash position varies widely across quarters, including steep decreases in some periods, particularly early 2021, and notable increases at other times such as mid-2020 and mid-2021, reflecting the combined effects of operating, investing, and financing activities.