ÐÇ¿Õ´«Ã½

Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE (Tables)

v3.6.0.2
EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract] Ìý
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted earnings per share attributable to Cliffs shareholders:
Ìý
(In Millions, Except Per Share Amounts)
Ìý
Ìý
Year Ended December 31,
Ìý
Ìý
2016
Ìý
2015
Ìý
2014
Income from Continuing Operations
Ìý
$
219.2

Ìý
$
143.7

Ìý
$
56.4

Income from Continuing Operations Attributable to
Noncontrolling Interest
Ìý
(25.2
)
Ìý
(8.6
)
Ìý
(25.9
)
Net Income from Continuing Operations
attributable to Cliffs shareholders
Ìý
$
194.0

Ìý
$
135.1

Ìý
$
30.5

Loss from Discontinued Operations, net of tax
Ìý
(19.9
)
Ìý
(884.4
)
Ìý
(7,254.7
)
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS
Ìý
$
174.1

Ìý
$
(749.3
)
Ìý
$
(7,224.2
)
PREFERRED STOCK DIVIDENDS
Ìý
—

Ìý
(38.4
)
Ìý
(51.2
)
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS
Ìý
$
174.1

Ìý
$
(787.7
)
Ìý
$
(7,275.4
)
Weighted Average Number of Shares:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Basic
Ìý
197.7

Ìý
153.2

Ìý
153.1

Employee Stock Plans
Ìý
2.4

Ìý
0.4

Ìý
—

Diluted
Ìý
200.1

Ìý
153.6

Ìý
153.1

Earnings (loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
Ìý
$
0.98

Ìý
$
0.63

Ìý
$
(0.14
)
Discontinued operations
Ìý
(0.10
)
Ìý
(5.77
)
Ìý
(47.38
)
Ìý
Ìý
$
0.88

Ìý
$
(5.14
)
Ìý
$
(47.52
)
Earnings (loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
Ìý
$
0.97

Ìý
$
0.63

Ìý
$
(0.14
)
Discontinued operations
Ìý
(0.10
)
Ìý
(5.76
)
Ìý
(47.38
)
Ìý
Ìý
$
0.87

Ìý
$
(5.13
)
Ìý
$
(47.52
)

The diluted earnings per share calculation excludes 25.3 million and 25.2 million depositary shares that were anti-dilutive for the year ended DecemberÌý31, 2015 and 2014, respectively. Additionally, the diluted earnings per share calculation also excludes 0.7 million of equity plan awards that were anti-dilutive for the year ended December 31, 2014.