The following table reflects the changes in shareholders’ equity attributable to both Cliffs and the noncontrolling interests primarily related to Bloom Lake, Tilden and Empire of which Cliffs owns 75 percent, 85 percent and 79 percent, respectively, for the nine months ended SeptemberÌý30, 2012 and SeptemberÌý30, 2011:
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|
Ìý |
(In Millions) |
Ìý |
Cliffs Shareholders’ Equity |
Ìý |
Noncontrolling Interest |
Ìý |
Total Equity |
December 31, 2011 |
$ |
5,785.0 |
|
Ìý |
$ |
1,254.7 |
|
Ìý |
$ |
7,039.7 |
|
Comprehensive income |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Net income |
719.0 |
|
Ìý |
25.2 |
|
Ìý |
744.2 |
|
Other comprehensive income |
41.6 |
|
Ìý |
4.5 |
|
Ìý |
46.1 |
|
Total comprehensive income |
760.6 |
|
Ìý |
29.7 |
|
Ìý |
790.3 |
|
Stock and other incentive plans |
9.0 |
|
Ìý |
— |
|
Ìý |
9.0 |
|
Common stock dividends |
(217.8 |
) |
Ìý |
— |
|
Ìý |
(217.8 |
) |
Undistributed gains to noncontrolling interest |
— |
|
Ìý |
11.3 |
|
Ìý |
11.3 |
|
Capital contribution by noncontrolling interest to subsidiary |
— |
|
Ìý |
64.7 |
|
Ìý |
64.7 |
|
Acquisition of controlling interest |
— |
|
Ìý |
(8.0 |
) |
Ìý |
(8.0 |
) |
September 30, 2012 |
$ |
6,336.8 |
|
Ìý |
$ |
1,352.4 |
|
Ìý |
$ |
7,689.2 |
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|
Ìý |
(In Millions) |
Ìý |
Cliffs Shareholders’ Equity |
Ìý |
Noncontrolling Interest |
Ìý |
Total Equity |
December 31, 2010 |
$ |
3,845.9 |
|
Ìý |
$ |
(7.2 |
) |
Ìý |
$ |
3,838.7 |
|
Comprehensive income |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Net income |
1,433.6 |
|
Ìý |
170.1 |
|
Ìý |
1,603.7 |
|
Other comprehensive income |
(105.2 |
) |
Ìý |
0.5 |
|
Ìý |
(104.7 |
) |
Total comprehensive income |
1,328.4 |
|
Ìý |
170.6 |
|
Ìý |
1,499.0 |
|
Share buyback |
(221.9 |
) |
Ìý |
— |
|
Ìý |
(221.9 |
) |
Equity offering |
853.7 |
|
Ìý |
— |
|
Ìý |
853.7 |
|
Purchase of additional noncontrolling interest |
0.3 |
|
Ìý |
— |
|
Ìý |
0.3 |
|
Stock and other incentive plans |
8.8 |
|
Ìý |
— |
|
Ìý |
8.8 |
|
Common stock dividends |
(78.8 |
) |
Ìý |
— |
|
Ìý |
(78.8 |
) |
Purchase of subsidiary shares from noncontrolling interest |
— |
|
Ìý |
4.5 |
|
Ìý |
4.5 |
|
Undistributed gains to noncontrolling interest |
— |
|
Ìý |
12.6 |
|
Ìý |
12.6 |
|
Capital contribution by noncontrolling interest to subsidiary |
— |
|
Ìý |
0.3 |
|
Ìý |
0.3 |
|
Acquisition of controlling interest |
— |
|
Ìý |
947.6 |
|
Ìý |
947.6 |
|
September 30, 2011 |
$ |
5,736.4 |
|
Ìý |
$ |
1,128.4 |
|
Ìý |
$ |
6,864.8 |
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