Cleveland Cliffs Inc (CLF)

[DewDiligence]

(Correction)—CLF will receive ~$250M of cash refunds from the IRS during 2018-2022 (inclusive) as follows:

 2018:  $10M 
 2019: $120M 
 2020:  $60M 
 2021:  $30M 
 2022:  $30M 

These cash refunds stem from the elimination of the corporate AMT in the recently enacted US tax bill. (Source: 4Q17 CC.)