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Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v2.4.0.8
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract] Ìý
EARNINGS PER SHARE
NOTE 19 - EARNINGS PER SHARE
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
Year Ended December 31,
Ìý
2013
Ìý
2012
Ìý
2011
Net Income from Continuing Operations
attributable to Cliffs shareholders
$
411.5

Ìý
$
(935.3
)
Ìý
$
1,599.0

Income (Loss) and Gain on Sale from Discontinued
ÌýÌýÌýÌýOperations, net of tax
2.0

Ìý
35.9

Ìý
20.1

NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS
$
413.5

Ìý
$
(899.4
)
Ìý
$
1,619.1

PREFERRED STOCK DIVIDENDS
(48.7
)
Ìý
—

Ìý
—

NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS
$
364.8

Ìý
$
(899.4
)
Ìý
$
1,619.1

Weighted Average Number of Shares:
Ìý
Ìý
Ìý
Ìý
Ìý
Basic
151.7

Ìý
142.4

Ìý
140.2

Depositary Shares
22.1

Ìý
—

Ìý
—

Employee Stock Plans
0.5

Ìý
—

Ìý
0.8

Diluted
174.3

Ìý
142.4

Ìý
141.0

Earnings (loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
2.39

Ìý
$
(6.57
)
Ìý
$
11.41

Discontinued operations
0.01

Ìý
0.25

Ìý
0.14

Ìý
$
2.40

Ìý
$
(6.32
)
Ìý
$
11.55

Earnings (loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
2.36

Ìý
$
(6.57
)
Ìý
$
11.34

Discontinued operations
0.01

Ìý
0.25

Ìý
0.14

Ìý
$
2.37

Ìý
$
(6.32
)
Ìý
$
11.48