NOTE 19 - EARNINGS PER SHARE
The following table summarizes the computation of basic and diluted earnings (loss) per share:
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Ìý |
(In Millions, Except Per Share Amounts) |
Ìý |
Three Months Ended
June 30, |
Ìý |
Six Months Ended
June 30, |
Ìý |
2018 |
Ìý |
2017 |
Ìý |
2018 |
Ìý |
2017 |
Income from Continuing Operations |
$ |
229.4 |
|
Ìý |
$ |
83.8 |
|
Ìý |
$ |
216.0 |
|
Ìý |
$ |
5.3 |
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Loss from Continuing Operations Attributable to Noncontrolling Interest |
— |
|
Ìý |
1.7 |
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Ìý |
— |
|
Ìý |
3.4 |
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Net Income from Continuing Operations Attributable to Cliffs Shareholders |
$ |
229.4 |
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Ìý |
$ |
85.5 |
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Ìý |
$ |
216.0 |
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Ìý |
$ |
8.7 |
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Loss from Discontinued Operations, net of tax |
(64.3 |
) |
Ìý |
(53.7 |
) |
Ìý |
(135.2 |
) |
Ìý |
(5.0 |
) |
Net Income Attributable to Cliffs Shareholders |
$ |
165.1 |
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Ìý |
$ |
31.8 |
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Ìý |
$ |
80.8 |
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Ìý |
$ |
3.7 |
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Weighted Average Number of Shares: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Basic |
297.6 |
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Ìý |
296.1 |
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Ìý |
297.4 |
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Ìý |
280.6 |
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Employee Stock Plans |
3.7 |
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Ìý |
4.6 |
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Ìý |
3.7 |
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Ìý |
4.6 |
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Diluted |
301.3 |
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Ìý |
300.7 |
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Ìý |
301.1 |
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Ìý |
285.2 |
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Income (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Continuing operations |
$ |
0.77 |
|
Ìý |
$ |
0.28 |
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Ìý |
$ |
0.73 |
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Ìý |
$ |
0.03 |
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Discontinued operations |
(0.22 |
) |
Ìý |
(0.18 |
) |
Ìý |
(0.46 |
) |
Ìý |
(0.01 |
) |
Ìý |
$ |
0.55 |
|
Ìý |
$ |
0.10 |
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Ìý |
$ |
0.27 |
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Ìý |
$ |
0.02 |
|
Income (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Continuing operations |
$ |
0.76 |
|
Ìý |
$ |
0.28 |
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Ìý |
$ |
0.72 |
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Ìý |
$ |
0.03 |
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Discontinued operations |
(0.21 |
) |
Ìý |
(0.18 |
) |
Ìý |
(0.45 |
) |
Ìý |
(0.02 |
) |
Ìý |
$ |
0.55 |
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Ìý |
$ |
0.10 |
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Ìý |
$ |
0.27 |
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Ìý |
$ |
0.01 |
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