ÈÕº«Èý¼¶Æ¬

Annual report pursuant to Section 13 and 15(d)

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) QUARTERLY RESULTS OF OPERATIONS (Tables)

v2.4.0.8
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) QUARTERLY RESULTS OF OPERATIONS (Tables)
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract] Ìý
Schedule of Quarterly Financial Information [Table Text Block]
The sum of quarterly EPS may not equal EPS for the year due to discrete quarterly calculations.
(In Millions, Except Per Share Amounts)
2013
Quarters
Ìý
Ìý
First
Ìý
Second
Ìý
Third
Ìý
Fourth
Ìý
Year
Revenues from product sales and services
$
1,140.5

Ìý
$
1,488.5

Ìý
$
1,546.6

Ìý
$
1,515.8

Ìý
$
5,691.4

Sales margin
237.9

Ìý
268.2

Ìý
348.7

Ìý
294.5

Ìý
1,149.3

Net Income (Loss) from Continuing ÈÕº«Èý¼¶Æ¬
ÌýÌýÌýÌýattributable to Cliffs shareholders
$
107.0

Ìý
$
146.0

Ìý
$
115.2

Ìý
$
43.3

Ìý
$
411.5

Income from Discontinued ÈÕº«Èý¼¶Æ¬
—

Ìý
—

Ìý
2.0

Ìý
—

Ìý
2.0

Net Income (Loss) Attributable to Cliffs Shareholders
$
107.0

Ìý
$
146.0

Ìý
$
117.2

Ìý
$
43.3

Ìý
$
413.5

Earnings per common share attributable to
ÌýÌýÌýÌýCliffs common shareholders — Basic:

Ìý

Ìý

Ìý

Ìý

Continuing ÈÕº«Èý¼¶Æ¬
$
0.66

Ìý
$
0.87

Ìý
$
0.67

Ìý
$
0.20

Ìý
$
2.39

Discontinued ÈÕº«Èý¼¶Æ¬
—

Ìý
—

Ìý
0.01

Ìý
—

Ìý
0.01

Ìý
$
0.66

Ìý
$
0.87

Ìý
$
0.68

Ìý
$
0.20

Ìý
$
2.40

Earnings per common share attributable to
ÌýÌýÌýÌýCliffs common shareholders — Diluted:

Ìý

Ìý

Ìý

Ìý
Ìý
Continuing ÈÕº«Èý¼¶Æ¬
$
0.66

Ìý
$
0.82

Ìý
$
0.65

Ìý
$
0.20

Ìý
$
2.36

Discontinued ÈÕº«Èý¼¶Æ¬
—

Ìý
—

Ìý
0.01

Ìý
—

Ìý
0.01

Ìý
$
0.66

Ìý
$
0.82

Ìý
$
0.66

Ìý
$
0.20

Ìý
$
2.37

The diluted earnings per share calculation for the first and fourth quarters of 2013 exclude depositary shares that were anti-dilutive totaling 12.9 million and 25.2 million, respectively.
Ìý
2012
Quarters
Ìý
Ìý
First
Ìý
Second
Ìý
Third
Ìý
Fourth
Ìý
Year
Revenues from product sales and services
$
1,212.4

Ìý
$
1,579.5

Ìý
$
1,544.9

Ìý
$
1,535.9

Ìý
$
5,872.7

Sales margin
291.8

Ìý
443.5

Ìý
198.3

Ìý
238.5

Ìý
1,172.1

Net Income (Loss) from Continuing ÈÕº«Èý¼¶Æ¬
ÌýÌýÌýÌýattributable to Cliffs shareholders
$
370.3

Ìý
$
255.7

Ìý
$
87.8

Ìý
$
(1,649.1
)
Ìý
$
(935.3
)
Income (Loss) and Gain on Sale from
ÌýÌýÌýÌýDiscontinued ÈÕº«Èý¼¶Æ¬, net of tax
5.5

Ìý
2.3

Ìý
(2.7
)
Ìý
30.8

Ìý
35.9

Net Income Attributable to Cliffs Shareholders
$
375.8

Ìý
$
258.0

Ìý
$
85.1

Ìý
$
(1,618.3
)
Ìý
$
(899.4
)
Earnings per common share attributable to
ÌýÌýÌýÌýCliffs common shareholders — Basic:

Ìý

Ìý

Ìý

Ìý

Continuing ÈÕº«Èý¼¶Æ¬
$
2.60

Ìý
$
1.79

Ìý
$
0.62

Ìý
$
(11.58
)
Ìý
$
(6.57
)
Discontinued ÈÕº«Èý¼¶Æ¬
0.04

Ìý
0.02

Ìý
(0.02
)
Ìý
0.22

Ìý
0.25

Ìý
$
2.64

Ìý
$
1.81

Ìý
$
0.60

Ìý
$
(11.36
)
Ìý
$
(6.32
)
Earnings per common share attributable to
Cliffs common shareholders — Diluted:

Ìý

Ìý

Ìý

Ìý

Continuing ÈÕº«Èý¼¶Æ¬
$
2.59

Ìý
$
1.79

Ìý
$
0.61

Ìý
$
(11.58
)
Ìý
$
(6.57
)
Discontinued ÈÕº«Èý¼¶Æ¬
0.04

Ìý
0.02

Ìý
(0.02
)
Ìý
0.22

Ìý
0.25

Ìý
$
2.63

Ìý
$
1.81

Ìý
$
0.59

Ìý
$
(11.36
)
Ìý
$
(6.32
)