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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v2.4.0.8
EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract] Ìý
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted earnings per share:
Ìý
(In Millions, Except Per Share Amounts)
Ìý
Three Months Ended
June 30,
Ìý
Six Months Ended
June 30,
Ìý
2013
Ìý
2012
Ìý
2013
Ìý
2012
Net Income from Continuing Operations
attributable to Cliffs shareholders
$
146.0

Ìý
$
255.7

Ìý
$
253.0

Ìý
$
626.0

Income from Discontinued Operations,
ÌýÌýÌýÌýnet of tax
—

Ìý
2.3

Ìý
—

Ìý
7.8

NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS
$
146.0

Ìý
$
258.0

Ìý
$
253.0

Ìý
$
633.8

PREFERRED STOCK DIVIDENDS
(12.9
)
Ìý
—

Ìý
(22.8
)
Ìý
—

NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS
$
133.1

Ìý
$
258.0

Ìý
$
230.2

Ìý
$
633.8

Weighted Average Number of Shares:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Basic
153.0

Ìý
142.4

Ìý
150.4

Ìý
142.3

Depositary Shares
25.2

Ìý
—

Ìý
19.1

Ìý
—

Employee Stock Plans
0.2

Ìý
0.4

Ìý
0.2

Ìý
0.5

Diluted
178.4

Ìý
142.8

Ìý
169.7

Ìý
142.8

Earnings per Common Share Attributable to
Cliffs Shareholders - Basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
0.87

Ìý
$
1.79

Ìý
$
1.53

Ìý
$
4.40

Discontinued operations
—

Ìý
0.02

Ìý
—

Ìý
0.05

Ìý
$
0.87

Ìý
$
1.81

Ìý
$
1.53

Ìý
$
4.45

Earnings per Common Share Attributable to
Cliffs Shareholders - Diluted:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
0.82

Ìý
$
1.79

Ìý
$
1.49

Ìý
$
4.39

Discontinued operations
—

Ìý
0.02

Ìý
—

Ìý
0.05

Ìý
$
0.82

Ìý
$
1.81

Ìý
$
1.49

Ìý
$
4.44