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Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v2.4.0.6
Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2012
Business Combinations [Abstract] Ìý
Schedule Of Allocation Of Purchase Price
The following table summarizes the consideration paid for Consolidated Thompson and the estimated fair values of the assets acquired and liabilities assumed at the acquisition date. We finalized the purchase price allocation for the acquisition of Consolidated Thompson during the second quarter of 2012.
Ìý
(In Millions)
Ìý
Initial
Allocation
Ìý
Final
Allocation
Ìý
Change
Consideration
Ìý
Ìý
Ìý
Ìý
Ìý
Cash
$
4,554.0

Ìý
$
4,554.0

Ìý
$
—

Fair value of total consideration transferred
$
4,554.0

Ìý
$
4,554.0

Ìý
$
—

Recognized amounts of identifiable assets acquired and liabilities assumed
Ìý
Ìý
Ìý
Ìý
Ìý
ASSETS:
Ìý
Ìý
Ìý
Ìý
Ìý
Cash
$
130.6

Ìý
$
130.6

Ìý
$
—

Accounts receivable
102.8

Ìý
102.4

Ìý
(0.4
)
Product inventories
134.2

Ìý
134.2

Ìý
—

Other current assets
35.1

Ìý
35.1

Ìý
—

Mineral rights
4,450.0

Ìý
4,825.6

Ìý
375.6

Property, plant and equipment
1,193.4

Ìý
1,193.4

Ìý
—

Intangible assets
2.1

Ìý
2.1

Ìý
—

Total identifiable assets acquired
6,048.2

Ìý
6,423.4

Ìý
375.2

LIABILITIES:
Ìý
Ìý
Ìý
Ìý
Ìý
Accounts payable
(13.6
)
Ìý
(13.6
)
Ìý
—

Accrued liabilities
(130.0
)
Ìý
(123.8
)
Ìý
6.2

Convertible debentures
(335.7
)
Ìý
(335.7
)
Ìý
—

Other current liabilities
(41.8
)
Ìý
(47.9
)
Ìý
(6.1
)
Long-term deferred tax liabilities
(831.5
)
Ìý
(1,041.8
)
Ìý
(210.3
)
Senior secured notes
(125.0
)
Ìý
(125.0
)
Ìý
—

Capital lease obligations
(70.7
)
Ìý
(70.7
)
Ìý
—

Other long-term liabilities
(25.1
)
Ìý
(32.8
)
Ìý
(7.7
)
Total identifiable liabilities assumed
(1,573.4
)
Ìý
(1,791.3
)
Ìý
(217.9
)
Total identifiable net assets acquired
4,474.8

Ìý
4,632.1

Ìý
157.3

Noncontrolling interest in Bloom Lake
(947.6
)
Ìý
(1,075.4
)
Ìý
(127.8
)
Goodwill
1,026.8

Ìý
997.3

Ìý
(29.5
)
Total net assets acquired
$
4,554.0

Ìý
$
4,554.0

Ìý
$
—

Schedule Of Unaudited Consolidated Proforma Information
The following unaudited consolidated pro forma information summarizes the results of operations for the three and nine months ended SeptemberÌý30, 2011 as if the Consolidated Thompson acquisition and the related financing had been completed as of JanuaryÌý1, 2010. The pro forma information gives effect to actual operating results prior to the acquisition. The unaudited consolidated pro forma information does not purport to be indicative of the results that actually would have been obtained if the acquisition of Consolidated Thompson had occurred as of the beginning of the periods presented or that may be obtained in the future.

(In Millions, Except
Per Common Share)
Ìý
Three Months Ended
September 30,
Ìý
Nine Months Ended
September 30,

2011
Ìý
2011
REVENUES FROM PRODUCT SALES AND SERVICES
$
2,089.1

Ìý
$
5,168.6

NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS
$
607.3

Ìý
$
1,439.2

EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CLIFFS SHAREHOLDERS - BASIC
$
4.21

Ìý
$
10.31

EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CLIFFS SHAREHOLDERS - DILUTED
$
4.19

Ìý
$
10.26