ÐÇ¿Õ´«Ã½

Quarterly report pursuant to Section 13 or 15(d)

Statements Of Condensed Consolidated Operations

v2.4.1.9
Statements Of Condensed Consolidated Operations (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
REVENUES FROM PRODUCT SALES AND SERVICES Ìý Ìý
Product $ 399.5us-gaap_SalesRevenueGoodsNet $ 559.2us-gaap_SalesRevenueGoodsNet
Freight and venture partners' cost reimbursements 46.5us-gaap_ReimbursementRevenue 56.3us-gaap_ReimbursementRevenue
TOTAL REVENUES 446.0us-gaap_Revenues 615.5us-gaap_Revenues
COST OF GOODS SOLD AND OPERATING EXPENSES (365.2)us-gaap_CostOfGoodsAndServicesSold (425.5)us-gaap_CostOfGoodsAndServicesSold
SALES MARGIN 80.8us-gaap_GrossProfit 190.0us-gaap_GrossProfit
OTHER OPERATING INCOME (EXPENSE) Ìý Ìý
Selling, general and administrative expenses (29.1)us-gaap_SellingGeneralAndAdministrativeExpense (37.5)us-gaap_SellingGeneralAndAdministrativeExpense
Miscellaneous - net 20.2us-gaap_OtherOperatingIncomeExpenseNet (13.3)us-gaap_OtherOperatingIncomeExpenseNet
Other operating expense (8.9)us-gaap_OperatingExpenses (50.8)us-gaap_OperatingExpenses
OPERATING INCOME 71.9us-gaap_OperatingIncomeLoss 139.2us-gaap_OperatingIncomeLoss
OTHER INCOME (EXPENSE) Ìý Ìý
Interest expense, net (42.9)us-gaap_InterestIncomeExpenseNet (40.4)us-gaap_InterestIncomeExpenseNet
Gain on extinguishment of debt 313.7us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
Other non-operating income (expense) (0.8)us-gaap_OtherNonoperatingIncomeExpense 0.8us-gaap_OtherNonoperatingIncomeExpense
TOTAL OTHER EXPENSE 270.0us-gaap_NonoperatingIncomeExpense (39.6)us-gaap_NonoperatingIncomeExpense
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY LOSS FROM VENTURES 341.9us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 99.6us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
INCOME TAX EXPENSE (175.1)us-gaap_IncomeTaxExpenseBenefit (29.6)us-gaap_IncomeTaxExpenseBenefit
EQUITY LOSS FROM VENTURES, net of tax 0us-gaap_IncomeLossFromEquityMethodInvestments (0.3)us-gaap_IncomeLossFromEquityMethodInvestments
INCOME FROM CONTINUING OPERATIONS 166.8us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 69.7us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
LOSS FROM DISCONTINUED OPERATIONS, net of tax (928.5)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (140.4)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
NET LOSS (761.7)us-gaap_ProfitLoss (70.7)us-gaap_ProfitLoss
LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST (2015 - Loss of $7.7 million related to Discontinued Operations, 2014 - Loss of $7.3 million related to Discontinued Operations) 1.9us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 0.4us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
NET LOSS ATTRIBUTABLE TO CLIFFS SHAREHOLDERS (759.8)us-gaap_NetIncomeLoss (70.3)us-gaap_NetIncomeLoss
PREFERRED STOCK DIVIDENDS (12.8)us-gaap_DividendsPreferredStock (12.8)us-gaap_DividendsPreferredStock
NET LOSS ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS $ (772.6)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (83.1)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Earnings (Loss) Per Common Share Attributable to Cliffs Shareholders - Basic Ìý Ìý
Continuing operations $ 1.02us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.37us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Discontinued operations $ (6.06)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare $ (0.92)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic: $ (5.04)us-gaap_EarningsPerShareBasic $ (0.55)us-gaap_EarningsPerShareBasic
Earnings (Loss) Per Common Share Attributable to Cliffs Shareholders - Diluted Ìý Ìý
Continuing operations $ 0.94us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.37us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Discontinued operations $ (5.20)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare $ (0.91)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted: $ (4.26)us-gaap_EarningsPerShareDiluted $ (0.54)us-gaap_EarningsPerShareDiluted
Weighted Average Number of Shares Outstanding Reconciliation [Abstract] Ìý Ìý
Basic 153,185us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 153,040us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 178,696us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 153,653us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding