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Quarterly report pursuant to Section 13 or 15(d)

Statements Of Condensed Consolidated Cash Flows

v2.4.1.9
Statements Of Condensed Consolidated Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
OPERATING ACTIVITIES Ìý Ìý
NET LOSS $ (761.7)us-gaap_ProfitLoss $ (70.7)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash provided (used) by operating activities: Ìý Ìý
Depreciation, depletion and amortization 33.0us-gaap_DepreciationDepletionAndAmortization 141.1us-gaap_DepreciationDepletionAndAmortization
Impairment of long-lived assets 76.6clf_AssetImpairmentChargesCashFlows 0clf_AssetImpairmentChargesCashFlows
Deferred income taxes 165.8us-gaap_DeferredIncomeTaxExpenseBenefit 15.1us-gaap_DeferredIncomeTaxExpenseBenefit
Gain on extinguishment of debt (313.7)clf_Gainonextinguishmentofdebtcashflows 0clf_Gainonextinguishmentofdebtcashflows
Loss on deconsolidation, net of cash deconsolidated 776.1clf_LossonDeconsolidationnetofcashdeconsolidated 0clf_LossonDeconsolidationnetofcashdeconsolidated
Other 31.6us-gaap_OtherNoncashIncomeExpense 3.2us-gaap_OtherNoncashIncomeExpense
Changes in operating assets and liabilities: Ìý Ìý
Receivables and other assets 71.7us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets 161.5us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
Product inventories (154.9)us-gaap_IncreaseDecreaseInInventories (214.5)us-gaap_IncreaseDecreaseInInventories
Payables and accrued expenses (152.7)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (117.7)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash used by operating activities (228.2)us-gaap_NetCashProvidedByUsedInOperatingActivities (82.0)us-gaap_NetCashProvidedByUsedInOperatingActivities
INVESTING ACTIVITIES Ìý Ìý
Purchase of property, plant and equipment (15.9)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (103.3)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Other investing activities 0.2us-gaap_PaymentsForProceedsFromOtherInvestingActivities 12.6us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used by investing activities (15.7)us-gaap_NetCashProvidedByUsedInInvestingActivities (90.7)us-gaap_NetCashProvidedByUsedInInvestingActivities
FINANCING ACTIVITIES Ìý Ìý
Proceeds from first lien notes offering 503.5us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt 0us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt
Debt issuance costs (33.1)us-gaap_PaymentsOfDebtIssuanceCosts 0us-gaap_PaymentsOfDebtIssuanceCosts
Repurchase of debt (133.3)clf_PaymentsforRepurchaseofSeniorNotesDebt 0clf_PaymentsforRepurchaseofSeniorNotesDebt
Borrowings under credit facilities 295.0us-gaap_ProceedsFromLongTermLinesOfCredit 225.0us-gaap_ProceedsFromLongTermLinesOfCredit
Repayment under credit facilities (295.0)us-gaap_RepaymentsOfLongTermLinesOfCredit 0us-gaap_RepaymentsOfLongTermLinesOfCredit
Common stock dividends 0us-gaap_PaymentsOfDividendsCommonStock (23.0)us-gaap_PaymentsOfDividendsCommonStock
Preferred stock dividends (12.8)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock (12.8)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
Other financing activities (14.3)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 8.7us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash provided by financing activities 310.0us-gaap_NetCashProvidedByUsedInFinancingActivities 197.9us-gaap_NetCashProvidedByUsedInFinancingActivities
EFFECT OF EXCHANGE RATE CHANGES ON CASH (1.3)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 3.3us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
INCREASE IN CASH AND CASH EQUIVALENTS 64.8us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 28.5us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 290.9us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations 335.5us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 355.7us-gaap_CashAndCashEquivalentsAtCarryingValue $ 364.0us-gaap_CashAndCashEquivalentsAtCarryingValue