NOTE 17 - EARNINGS PER SHARE
The following table summarizes the computation of basic and diluted earnings (loss) per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ìý |
(In Millions, Except Per Share Amounts) |
Ìý |
Three Months Ended
September 30, |
Ìý |
Nine Months Ended
September 30, |
Ìý |
2017 |
Ìý |
2016 |
Ìý |
2017 |
Ìý |
2016 |
Income (Loss) from Continuing Operations |
$ |
20.6 |
|
Ìý |
$ |
(25.1 |
) |
Ìý |
$ |
66.8 |
|
Ìý |
$ |
119.1 |
|
Loss (Income) from Continuing Operations Attributable to Noncontrolling Interest |
0.5 |
|
Ìý |
2.0 |
|
Ìý |
3.9 |
|
Ìý |
(23.5 |
) |
Net Income (Loss) from Continuing Operations Attributable to Cliffs Shareholders |
$ |
21.1 |
|
Ìý |
$ |
(23.1 |
) |
Ìý |
$ |
70.7 |
|
Ìý |
$ |
95.6 |
|
Income (Loss) from Discontinued Operations, net of tax |
32.3 |
|
Ìý |
(2.7 |
) |
Ìý |
(13.6 |
) |
Ìý |
(0.6 |
) |
Net Income (Loss) Attributable to Cliffs Shareholders |
$ |
53.4 |
|
Ìý |
$ |
(25.8 |
) |
Ìý |
$ |
57.1 |
|
Ìý |
$ |
95.0 |
|
Weighted Average Number of Shares: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Basic |
296.1 |
|
Ìý |
206.3 |
|
Ìý |
285.8 |
|
Ìý |
186.5 |
|
Employee Stock Plans |
5.0 |
|
Ìý |
— |
|
Ìý |
4.7 |
|
Ìý |
2.0 |
|
Diluted |
301.1 |
|
Ìý |
206.3 |
|
Ìý |
290.5 |
|
Ìý |
188.5 |
|
Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Continuing operations |
$ |
0.07 |
|
Ìý |
$ |
(0.11 |
) |
Ìý |
$ |
0.25 |
|
Ìý |
$ |
0.51 |
|
Discontinued operations |
0.11 |
|
Ìý |
(0.01 |
) |
Ìý |
(0.05 |
) |
Ìý |
— |
|
Ìý |
$ |
0.18 |
|
Ìý |
$ |
(0.12 |
) |
Ìý |
$ |
0.20 |
|
Ìý |
$ |
0.51 |
|
Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Continuing operations |
$ |
0.07 |
|
Ìý |
$ |
(0.11 |
) |
Ìý |
$ |
0.24 |
|
Ìý |
$ |
0.51 |
|
Discontinued operations |
0.11 |
|
Ìý |
(0.01 |
) |
Ìý |
(0.05 |
) |
Ìý |
— |
|
Ìý |
$ |
0.18 |
|
Ìý |
$ |
(0.12 |
) |
Ìý |
$ |
0.19 |
|
Ìý |
$ |
0.51 |
|
The diluted earnings per share calculation excludes 3.0 million shares for the three months ended September 30, 2016 related to equity plan awards that would have been anti-dilutive.
|