Stock Analysis on Net
Stock Analysis on Net

United States Steel Corp. (NYSE:X)

This company has been moved to the archive! The financial data has not been updated since July 28, 2023.

Common-Size Income Statement 

United States Steel Corp., common-size consolidated income statement

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net sales 90.78 93.53 89.98 88.94 89.98
Net sales to related parties 9.22 6.47 10.02 11.06 10.02
Net sales 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of sales -79.64 -71.68 -98.12 -93.39 -86.79
Gross profit 20.36% 28.32% 1.88% 6.61% 13.21%
Selling, general and administrative expenses -2.00 -2.10 -2.81 -2.23 -2.37
Depreciation, depletion and amortization -3.76 -3.90 -6.60 -4.76 -3.67
Earnings (loss) from investees 1.15 0.84 -1.20 0.61 0.43
Gain on sale of Transtar 0.00 2.50 0.00 0.00 0.00
Asset impairment charges -0.77 -1.35 -2.70 0.00 0.00
Restructuring and other charges -0.23 -0.63 -1.42 -2.13 0.00
Gain on equity investee transactions 0.03 0.55 0.32 0.00 0.27
Net gains on sale of assets 0.06 0.03 1.53 0.01 0.04
Other gains (losses), net 0.17 0.14 -0.03 0.12 0.02
Earnings (loss) before interest and income taxes 15.00% 24.39% -11.04% -1.78% 7.93%
Interest expense -0.75 -1.54 -2.87 -1.10 -1.18
Interest income 0.21 0.02 0.07 0.13 0.16
Loss on debt extinguishment 0.00 -1.44 0.00 0.00 -0.69
Foreign currency net gain (loss) -0.05 -0.08 0.15 0.13 0.13
Amended Credit Agreement -0.02 -0.03 -0.03 -0.04 -0.04
USSK Credit Facility -0.01 -0.02 -0.02 -0.01 -0.02
Other -0.02 -0.02 0.22 -0.08 -0.02
Financial costs -0.06% -0.07% 0.16% -0.12% -0.08%
Amortization of discounts and deferred financing costs -0.04 -0.07 -0.15 -0.05 -0.06
Other financial benefits (costs) -0.15% -0.23% 0.16% -0.05% 0.00%
Net periodic benefit income (costs), other than service cost 1.17 0.22 0.26 -0.70 -0.49
Net interest and other financial benefits (costs) 0.47% -2.97% -2.38% -1.72% -2.20%
Earnings (loss) before income taxes 15.47% 21.43% -13.42% -3.49% 5.73%
Income tax (expense) benefit -3.49 -0.84 1.46 -1.38 2.14
Net earnings (loss) 11.98% 20.59% -11.96% -4.87% 7.86%
Net earnings attributable to noncontrolling interests 0.00 0.00 0.00 0.00 0.00
Net earnings (loss) attributable to United States Steel Corporation 11.98% 20.59% -11.96% -4.87% 7.86%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Income statement item Description The company
Earnings (loss) before interest and income taxes The net result for the period of deducting operating expenses from operating revenues. United States Steel Corp. earnings (loss) before interest and income taxes as a percentage of net sales increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Earnings (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. United States Steel Corp. earnings (loss) before income taxes as a percentage of net sales increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Net earnings (loss) attributable to United States Steel Corporation The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. United States Steel Corp. net earnings (loss) attributable to United States Steel Corporation as a percentage of net sales increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.