ÈÕº«Èý¼¶Æ¬

Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v2.4.0.8
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 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
September 30,
Ìý
Nine Months Ended
September 30,
Ìý
2013
Ìý
2012
Ìý
2013
Ìý
2012
Net Income from Continuing ÈÕº«Èý¼¶Æ¬
attributable to Cliffs shareholders
$
115.2

Ìý
$
87.8

Ìý
$
368.2

Ìý
$
713.9

Income from Discontinued ÈÕº«Èý¼¶Æ¬,
ÌýÌýÌýÌýnet of tax
2.0

Ìý
(2.7
)
Ìý
2.0

Ìý
5.1

NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS
$
117.2

Ìý
$
85.1

Ìý
$
370.2

Ìý
$
719.0

PREFERRED STOCK DIVIDENDS
(12.9
)
Ìý
—

Ìý
(35.9
)
Ìý
—

NET INCOME ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS
$
104.3

Ìý
$
85.1

Ìý
$
334.3

Ìý
$
719.0

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

Ìý
142.4

Ìý
151.3

Ìý
142.3

Depositary Shares
25.2

Ìý
—

Ìý
21.1

Ìý
—

Employee Stock Plans
0.2

Ìý
0.5

Ìý
0.2

Ìý
0.5

Diluted
178.4

Ìý
142.9

Ìý
172.6

Ìý
142.8

Earnings per Common Share Attributable to
Cliffs Common Shareholders - Basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
0.67

Ìý
$
0.62

Ìý
$
2.20

Ìý
$
5.02

Discontinued operations
0.01

Ìý
(0.02
)
Ìý
0.01

Ìý
0.04

Ìý
$
0.68

Ìý
$
0.60

Ìý
$
2.21

Ìý
$
5.06

Earnings per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
0.65

Ìý
$
0.61

Ìý
$
2.13

Ìý
$
5.00

Discontinued operations
0.01

Ìý
(0.02
)
Ìý
0.01

Ìý
0.04

Ìý
$
0.66

Ìý
$
0.59

Ìý
$
2.14

Ìý
$
5.04