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Annual report pursuant to Section 13 and 15(d)

QUARTERLY RESULTS OF OPERATIONS (Tables)

v2.4.0.6
QUARTERLY RESULTS OF OPERATIONS (Tables)
12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract] Ìý
Schedule of Quarterly Financial Information
The sum of quarterly EPS may not equal EPS for the year due to discrete quarterly calculations.
Ìý
(In Millions, Except Per Share Amounts)
2012
Quarters
Ìý
Ìý
First
Ìý
Second
Ìý
Third
Ìý
Fourth
Ìý
Year
Revenues from product sales and services
$
1,212.4

Ìý
$
1,579.5

Ìý
$
1,544.9

Ìý
$
1,535.9

Ìý
$
5,872.7

Sales margin
291.8

Ìý
443.5

Ìý
198.3

Ìý
238.5

Ìý
1,172.1

Net Income (Loss) from Continuing Operations
attributable to Cliffs shareholders
$
370.3

Ìý
$
255.7

Ìý
$
87.8

Ìý
$
(1,649.1
)
Ìý
$
(935.3
)
Income (Loss) and Gain on Sale from
ÌýÌýÌýÌýDiscontinued Operations, net of tax
5.5

Ìý
2.3

Ìý
(2.7
)
Ìý
30.8

Ìý
35.9

Net Income (Loss) Attributable to Cliffs Shareholders
$
375.8

Ìý
$
258.0

Ìý
$
85.1

Ìý
$
(1,618.3
)
Ìý
$
(899.4
)
Earnings (loss) per Common Share Attributable to Cliffs
Shareholders - Basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
2.60

Ìý
$
1.79

Ìý
$
0.62

Ìý
$
(11.58
)
Ìý
$
(6.57
)
Discontinued operations
0.04

Ìý
0.02

Ìý
(0.02
)
Ìý
0.22

Ìý
0.25

Ìý
$
2.64

Ìý
$
1.81

Ìý
$
0.60

Ìý
$
(11.36
)
Ìý
$
(6.32
)
Earnings (loss) per Common Share Attributable to Cliffs
Shareholders - Diluted:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
2.59

Ìý
$
1.79

Ìý
$
0.61

Ìý
$
(11.58
)
Ìý
$
(6.57
)
Discontinued operations
0.04

Ìý
0.02

Ìý
(0.02
)
Ìý
0.22

Ìý
0.25

Ìý
$
2.63

Ìý
$
1.81

Ìý
$
0.59

Ìý
$
(11.36
)
Ìý
$
(6.32
)
Ìý
2011
Quarters
Ìý
Ìý
First
Ìý
Second
Ìý
Third
Ìý
Fourth
Ìý
Year
Revenues from product sales and services
$
1,147.9

Ìý
$
1,723.2

Ìý
$
2,089.1

Ìý
$
1,603.7

Ìý
$
6,563.9

Sales margin
588.5

Ìý
699.2

Ìý
843.1

Ìý
480.1

Ìý
2,610.9

Net Income from Continuing Operations attributable to
ÌýÌýÌýÌýCliffs shareholders
$
419.3

Ìý
$
392.8

Ìý
$
618.0

Ìý
$
168.9

Ìý
$
1,599.0

Income (Loss) and Gain on Sale from
ÌýÌýÌýÌýDiscontinued Operations, net of tax
4.1

Ìý
16.3

Ìý
(16.8
)
Ìý
16.5

Ìý
20.1

Net Income Attributable to Cliffs Shareholders
$
423.4

Ìý
$
409.1

Ìý
$
601.2

Ìý
$
185.4

Ìý
$
1,619.1

Earnings (loss) per Common Share Attributable to Cliffs
Shareholders - Basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
3.09

Ìý
$
2.82

Ìý
$
4.29

Ìý
$
1.19

Ìý
$
11.41

Discontinued operations
0.03

Ìý
0.12

Ìý
(0.12
)
Ìý
0.11

Ìý
0.14

Ìý
$
3.12

Ìý
$
2.94

Ìý
$
4.17

Ìý
$
1.30

Ìý
$
11.55

Earnings (loss) per Common Share Attributable to Cliffs
Shareholders - Diluted:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
3.08

Ìý
$
2.80

Ìý
$
4.27

Ìý
$
1.18

Ìý
$
11.34

Discontinued operations
0.03

Ìý
0.12

Ìý
(0.12
)
Ìý
0.12

Ìý
0.14

Ìý
$
3.11

Ìý
$
2.92

Ìý
$
4.15

Ìý
$
1.30

Ìý
$
11.48