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Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Tables)

v2.4.1.9
SEGMENT REPORTING (Tables)
 3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract] Ìý
Schedule Of Segment Reporting Information, By Segment
The following tables present a summary of our reportable segments for the three months ended MarchÌý31, 2015 and 2014, including a reconciliation of segment sales margin to Income from Continuing Operations Before Income Taxes and Equity Loss from Ventures and a reconciliation of Net Loss to EBITDA and Adjusted EBITDA:
Ìý
(In Millions)
Ìý
Three Months Ended
March 31,
Ìý
2015
Ìý
2014
Revenues from product sales and services:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
U.S. Iron Ore
$
311.8

Ìý
70
%
Ìý
$
361.3

Ìý
59
%
Asia Pacific Iron Ore
134.2

Ìý
30
%
Ìý
254.2

Ìý
41
%
Total revenues from product sales and services
$
446.0

Ìý
100
%
Ìý
$
615.5

Ìý
100
%
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Sales margin:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
U.S. Iron Ore
$
80.0

Ìý
Ìý
Ìý
$
95.0

Ìý
Ìý
Asia Pacific Iron Ore
0.8

Ìý
Ìý
Ìý
66.3

Ìý
Ìý
Eliminations with Discontinued Operations
—

Ìý
Ìý
Ìý
28.7

Ìý
Ìý
Sales margin
80.8

Ìý
Ìý
Ìý
190.0

Ìý
Ìý
Other operating income
(8.9
)
Ìý
Ìý
Ìý
(50.8
)
Ìý
Ìý
Other income (expense)
270.0

Ìý
Ìý
Ìý
(39.6
)
Ìý
Ìý
Income from continuing operations before income taxes and equity loss from ventures
$
341.9

Ìý
Ìý
Ìý
$
99.6

Ìý
Ìý


Ìý
(In Millions)
Ìý
Three Months Ended
March 31,
Ìý
2015
Ìý
2014
Net Loss
$
(761.7
)
Ìý
$
(70.7
)
Less:
Ìý
Ìý
Ìý
Interest expense, net
(44.2
)
Ìý
(42.7
)
Income tax benefit (expense)
(175.0
)
Ìý
21.8

Depreciation, depletion and amortization
(33.0
)
Ìý
(141.1
)
EBITDA
$
(509.5
)
Ìý
$
91.3

Less:
Ìý
Ìý
Ìý
Impact of discontinued operations
$
(924.1
)
Ìý
$
(118.1
)
North American Coal operations impact
(5.5
)
Ìý
18.2

Gain on extinguishment of debt
313.7

Ìý
—

Severance in SG&A
(1.5
)
Ìý
(6.0
)
Foreign exchange remeasurement
13.5

Ìý
(11.4
)
Adjusted EBITDA
$
94.4

Ìý
$
208.6

Ìý
Ìý
Ìý
Ìý
EBITDA:
Ìý
Ìý
Ìý
U.S. Iron Ore
$
101.6

Ìý
$
123.6

Asia Pacific Iron Ore
18.0

Ìý
85.3

Other
(629.1
)
Ìý
(117.6
)
Total EBITDA
$
(509.5
)
Ìý
$
91.3

Ìý
Ìý
Ìý
Ìý
Adjusted EBITDA:
Ìý
Ìý
Ìý
U.S. Iron Ore
$
105.1

Ìý
$
128.7

Asia Pacific Iron Ore
5.7

Ìý
99.1

Other
(16.4
)
Ìý
(19.2
)
Total Adjusted EBITDA
$
94.4

Ìý
$
208.6

Ìý
(In Millions)
Ìý
Three Months Ended
March 31,
Ìý
2015
Ìý
2014
Depreciation, depletion and amortization:
Ìý
Ìý
Ìý
U.S. Iron Ore
$
21.7

Ìý
$
28.7

Asia Pacific Iron Ore
6.3

Ìý
39.1

Other
1.8

Ìý
1.9

Total depreciation, depletion and amortization
$
29.8

Ìý
$
69.7

Ìý
Ìý
Ìý
Ìý
Capital additions1:
Ìý
Ìý
Ìý
U.S. Iron Ore
$
9.5

Ìý
$
14.9

Asia Pacific Iron Ore
3.4

Ìý
3.2

Other
0.4

Ìý
0.9

Total capital additions
$
13.3

Ìý
$
19.0

ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
1ÌýÌýÌýÌýIncludes capital lease additions and non-cash accruals. Refer to NOTE 17 - CASH FLOW INFORMATION.
Summary of Assets by Segment
A summary of assets by segment is as follows:
Ìý
(In Millions)
Ìý
MarchÌý31,
2015
Ìý
DecemberÌý31,
2014
Assets:
Ìý
Ìý
Ìý
U.S. Iron Ore
$
1,550.1

Ìý
$
1,464.9

Asia Pacific Iron Ore
250.6

Ìý
274.6

Other
31.2

Ìý
147.0

Total segment assets
1,831.9

Ìý
1,886.5

Corporate
673.5

Ìý
546.8

Assets of Discontinued Operations
197.2

Ìý
730.7

Total assets
$
2,702.6

Ìý
$
3,164.0