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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v2.4.0.8
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract] Ìý
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted earnings (loss) per share:
Ìý
(In Millions, Except Per Share Amounts)
Ìý
Three Months Ended
September 30,
Ìý
Nine Months Ended
September 30,
Ìý
2014
Ìý
2013
Ìý
2014
Ìý
2013
Net Income (Loss) from Continuing Operations Attributable to Cliffs Shareholders
$
(5,879.6
)
Ìý
$
115.2

Ìý
$
(5,939.0
)
Ìý
$
368.2

Income from Discontinued Operations, net of tax
—

Ìý
2.0

Ìý
—

Ìý
2.0

Net Income (Loss) Attributable to Cliffs Shareholders
$
(5,879.6
)
Ìý
$
117.2

Ìý
$
(5,939.0
)
Ìý
$
370.2

Preferred Stock Dividends
(12.8
)
Ìý
(12.9
)
Ìý
(38.4
)
Ìý
(35.9
)
Net Income (Loss) Attributable to Cliffs Common Shareholders
$
(5,892.4
)
Ìý
$
104.3

Ìý
$
(5,977.4
)
Ìý
$
334.3

Weighted Average Number of Shares:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Basic
153.1

Ìý
153.0

Ìý
153.1

Ìý
151.3

Depositary Shares
—

Ìý
25.2

Ìý
—

Ìý
21.1

Employee Stock Plans
—

Ìý
0.2

Ìý
—

Ìý
0.2

Diluted
153.1

Ìý
178.4

Ìý
153.1

Ìý
172.6

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
(38.49
)
Ìý
$
0.67

Ìý
$
(39.05
)
Ìý
$
2.20

Discontinued operations
—

Ìý
0.01

Ìý
—

Ìý
0.01

Ìý
$
(38.49
)
Ìý
$
0.68

Ìý
$
(39.05
)
Ìý
$
2.21

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
(38.49
)
Ìý
$
0.65

Ìý
$
(39.05
)
Ìý
$
2.13

Discontinued operations
—

Ìý
0.01

Ìý
—

Ìý
0.01

Ìý
$
(38.49
)
Ìý
$
0.66

Ìý
$
(39.05
)
Ìý
$
2.14