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Quarterly report pursuant to Section 13 or 15(d)

Statements Of Unaudited Condensed Consolidated Operations

v3.19.1
Statements Of Unaudited Condensed Consolidated Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES FROM PRODUCT SALES AND SERVICES Ìý Ìý
Revenue from Contract with Customer, Including Assessed Tax $ 145.4 $ 169.2
Freight Revenue 11.6 10.8
TOTAL REVENUES 157.0 180.0
COST OF GOODS SOLD (126.1) (118.5)
SALES MARGIN 30.9 61.5
OTHER OPERATING EXPENSE Ìý Ìý
Selling, general and administrative expenses (28.1) (25.1)
Miscellaneous - net (3.6) (6.1)
Other operating expense 31.7 31.2
OPERATING INCOME (LOSS) (0.8) 30.3
OTHER INCOME (EXPENSE) Ìý Ìý
Interest expense, net (25.1) (32.4)
Other non-operating income 0.1 4.4
TOTAL OTHER INCOME (EXPENSE) (25.0) (28.0)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (25.8) 2.3
INCOME TAX BENEFIT (EXPENSE) 3.7 (15.7)
LOSS FROM CONTINUING OPERATIONS (22.1) (13.4)
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX 0.0 (70.9)
NET INCOME (LOSS) $ (22.1) $ (84.3)
LOSS PER COMMON SHARE – BASIC Ìý Ìý
Continuing operations (in dollars per share) $ (0.08) $ (0.05)
Discontinued operations (in dollars per share) 0.00 (0.24)
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic (in dollars per share) (0.08) (0.29)
LOSS PER COMMON SHARE – DILUTED Ìý Ìý
Continuing operations (in dollars per share) (0.08) (0.05)
Discontinued operations (in dollars per share) 0.00 (0.24)
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted (in dollars per share) $ (0.08) $ (0.29)
AVERAGE NUMBER OF SHARES (IN THOUSANDS) Ìý Ìý
Basic 289,525 297,266
Diluted 289,525 297,266