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Quarterly report pursuant to Section 13 or 15(d)

Statements Of Condensed Consolidated Financial Position

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Statements Of Condensed Consolidated Financial Position - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
CURRENT ASSETS Ìý Ìý
Cash and cash equivalents $ 295.3 $ 323.4
Accounts receivable, net 61.1 128.7
Inventories 250.8 178.4
Supplies and other inventories 80.4 91.4
Loans to and accounts receivable from the Canadian Entities 49.0 48.6
Other current assets 76.6 54.1
TOTAL CURRENT ASSETS 813.2 824.6
PROPERTY, PLANT AND EQUIPMENT, NET 995.0 984.4
OTHER ASSETS Ìý Ìý
OTHER NON-CURRENT ASSETS 117.5 114.9
TOTAL ASSETS 1,925.7 1,923.9
CURRENT LIABILITIES Ìý Ìý
Accounts payable 91.1 107.6
Accrued expenses 102.9 123.3
Interest Payable, Current 19.7 40.2
Other current liabilities 95.6 120.0
TOTAL CURRENT LIABILITIES 309.3 391.1
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES 279.1 280.5
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS 198.2 193.9
LONG-TERM DEBT 1,642.9 2,175.1
OTHER LIABILITIES 199.2 213.8
TOTAL LIABILITIES 2,628.7 3,254.4
COMMITMENTS AND CONTINGENCIES (SEE NOTE 18)
CLIFFS SHAREHOLDERS' DEFICIT Ìý Ìý
Common Shares - par value $0.125 per share, Authorized - 400,000,000 shares (2016 - 400,000,000 shares); Issued - 301,886,794 shares (2016 - 238,636,794 shares); Outstanding - 296,398,149 shares (2016 - 233,074,091 shares) 37.7 29.8
Capital in excess of par value of shares 4,000.1 3,347.0
Retained deficit (4,602.4) (4,574.3)
Cost of 5,488,645 common shares in treasury (2016 - 5,562,703 shares) (241.2) (245.5)
Accumulated other comprehensive loss (24.3) (21.3)
TOTAL CLIFFS SHAREHOLDERS' DEFICIT (830.1) (1,464.3)
NONCONTROLLING INTEREST 127.1 133.8
TOTAL DEFICIT (703.0) (1,330.5)
TOTAL LIABILITIES AND DEFICIT $ 1,925.7 $ 1,923.9