ÐÇ¿Õ´«Ã½

Quarterly report pursuant to Section 13 or 15(d)

Statements of Unaudited Condensed Consolidated Financial Position

 v2.3.0.11
Statements of Unaudited Condensed Consolidated Financial Position (USD $)
In Millions
Jun. 30, 2011
Dec. 31, 2010
CURRENT ASSETS Ìý Ìý
Cash and cash equivalents $ 238.1 $ 1,566.7
Accounts receivable 317.2 352.3
Accounts receivable from associated companies 70.5 6.8
Inventories 605.3 269.2
Supplies and other inventories 156.9 148.1
Derivative assets 110.2 82.6
Deferred and refundable taxes 38.0 43.2
Other current assets 152.1 114.8
TOTAL CURRENT ASSETS 1,688.3 2,583.7
PROPERTY, PLANT AND EQUIPMENT, NET 9,802.4 3,979.2
OTHER ASSETS Ìý Ìý
Investments in ventures 509.4 514.8
Goodwill 1,227.3 196.5 [1]
Intangible assets, net 159.5 175.8
Deferred income taxes 54.2 140.3
Other non-current assets 230.6 187.9
TOTAL OTHER ASSETS 2,181.0 1,215.3
TOTAL ASSETS 13,671.7 7,778.2
CURRENT LIABILITIES Ìý Ìý
Accounts payable 306.9 266.5
Accrued expenses 361.6 266.6
Deferred revenue 141.2 215.6
Taxes payable 140.3 142.3
Current portion of term loan 62.5 Ìý
Other current liabilities 178.5 137.7
TOTAL CURRENT LIABILITIES 1,191.0 1,028.7
POSTEMPLOYMENT BENEFIT LIABILITIES 490.9 528.0
LONG-TERM DEBT 3,898.8 1,713.1
BELOW-MARKET SALES CONTRACTS 145.1 164.4
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS 207.5 184.9
DEFERRED INCOME TAXES 890.1 63.7
OTHER LIABILITIES 328.3 256.7
TOTAL LIABILITIES 7,151.7 3,939.5
COMMITMENTS AND CONTINGENCIES Ìý Ìý
CLIFFS SHAREHOLDERS' EQUITY Ìý Ìý
Common Shares - par value $0.125 per share Authorized - 400,000,000 shares (2010 - 224,000,000 shares); Issued - 149,195,469 shares (2010- 138,845,469 shares); Outstanding - 146,010,183 shares (2010 - 135,456,999 shares) 18.6 17.3
Capital in excess of par value of shares 1,760.3 896.3
Retained Earnings 3,717.7 2,924.1
Cost of 3,185,286 common shares in treasury (2010 - 3,388,470 shares) (46.3) (37.7)
Accumulated other comprehensive income 95.9 45.9
TOTAL CLIFFS SHAREHOLDERS' EQUITY 5,546.2 3,845.9
NONCONTROLLING INTEREST 973.8 (7.2)
TOTAL EQUITY 6,520.0 3,838.7
TOTAL LIABILITIES AND EQUITY $ 13,671.7 $ 7,778.2
[1] Represents a 12-month rollforward of our goodwill by reportable unit at December 31, 2010.