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Quarterly report pursuant to Section 13 or 15(d)

Statements Of Condensed Consolidated Operations

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Statements Of Condensed Consolidated Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
REVENUES FROM PRODUCT SALES AND SERVICES Ìý Ìý
Product $ 220.7 $ 412.8
Freight and venture partners' cost reimbursements 18.3 48.8
TOTAL REVENUES 239.0 461.6
COST OF GOODS SOLD AND OPERATING EXPENSES (242.6) (365.3)
SALES MARGIN (3.6) 96.3
OTHER OPERATING INCOME (EXPENSE) Ìý Ìý
Selling, general and administrative expenses (27.7) (27.7)
Miscellaneous - net (8.7) 11.5
Other operating expense (36.4) (16.2)
OPERATING INCOME (LOSS) (40.0) 80.1
OTHER INCOME (EXPENSE) Ìý Ìý
Interest expense, net (33.5) (42.8)
Loss on extinguishment of debt 0.0 (71.9)
Other non-operating income 4.4 2.5
TOTAL OTHER INCOME (EXPENSE) (29.1) (112.2)
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (69.1) (32.1)
INCOME TAX BENEFIT (EXPENSE) (15.7) 1.8
LOSS FROM CONTINUING OPERATIONS (84.8) (30.3)
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX 0.5 0.5
NET LOSS (84.3) (29.8)
LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST 0.0 1.7
NET LOSS ATTRIBUTABLE TO CLIFFS SHAREHOLDERS $ (84.3) $ (28.1)
LOSS PER COMMON SHARE ATTRIBUTABLE TO CLIFFS SHAREHOLDERS – BASIC Ìý Ìý
Continuing operations (in dollars per share) $ (0.29) $ (0.11)
Discontinued operations (in dollars per share) 0.00 0.00
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic (in dollars per share) (0.29) (0.11)
LOSS PER COMMON SHARE ATTRIBUTABLE TO CLIFFS SHAREHOLDERS – DILUTED Ìý Ìý
Continuing operations (in dollars per share) (0.29) (0.11)
Discontinued operations (in dollars per share) 0.00 0.00
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted (in dollars per share) $ (0.29) $ (0.11)
AVERAGE NUMBER OF SHARES (IN THOUSANDS) Ìý Ìý
Basic 297,266 265,164
Diluted 297,266 265,164