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Quarterly report pursuant to Section 13 or 15(d)

Statements Of Unaudited Condensed Consolidated Operations

v3.20.2
Statements Of Unaudited Condensed Consolidated Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract] Ìý Ìý Ìý Ìý
Revenues $ 1,092.7 $ 743.2 $ 1,417.2 $ 900.2
Realization of deferred revenue 0.0 0.0 34.6 0.0
Operating costs: Ìý Ìý Ìý Ìý
Cost of goods sold (1,207.5) (480.2) (1,563.5) (606.3)
Selling, general and administrative expenses (62.1) (29.4) (89.6) (56.7)
Acquisition-related costs (18.4) 0.0 (60.9) 0.0
Miscellaneous - net (13.1) (6.8) (25.0) (11.2)
Total operating costs (1,301.1) (516.4) (1,739.0) (674.2)
Operating income (loss) (208.4) 226.8 (287.2) 226.0
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense, net (68.7) (26.1) (99.7) (51.2)
Gain (loss) on extinguishment of debt 129.4 (17.9) 132.6 (18.2)
Other non-operating income 15.2 0.6 21.2 1.0
Total other income (expense) 75.9 (43.4) 54.1 (68.4)
Income (loss) from continuing operations before income taxes (132.5) 183.4 (233.1) 157.6
Income tax benefit (expense) 24.7 (22.0) 76.1 (18.3)
Income (loss) from continuing operations (107.8) 161.4 (157.0) 139.3
Income (loss) from discontinued operations, net of tax (0.3) (0.6) 0.3 (0.6)
Net income (loss) (108.1) 160.8 (156.7) 138.7
Income attributable to noncontrolling interest (15.8) 0.0 (19.3) 0.0
Net income (loss) attributable to Cliffs shareholders $ (123.9) $ 160.8 $ (176.0) $ 138.7
Earnings (loss) per common share attributable to Cliffs shareholders - basic Ìý Ìý Ìý Ìý
Continuing operations (in dollars per share) $ (0.31) $ 0.59 $ (0.51) $ 0.49
Discontinued operations (in dollars per share) 0 0 0 0
Earnings (Loss) per Common Share - Basic (in dollars per share) (0.31) 0.59 (0.51) 0.49
Earnings (loss) per common share attributable to Cliffs shareholders - diluted Ìý Ìý Ìý Ìý
Continuing operations (in dollars per share) (0.31) 0.57 (0.51) 0.47
Discontinued operations (in dollars per share) 0 0 0 0
Earnings (Loss) per Common Share - Diluted (in dollars per share) $ (0.31) $ 0.57 $ (0.51) $ 0.47
Average number of shares (in thousands) Ìý Ìý Ìý Ìý
Basic 399,088 275,769 348,302 282,647
Diluted 399,088 285,479 348,302 293,580