The sum of quarterly EPS may not equal EPS for the year due to discrete quarterly calculations.
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Ìý |
(In Millions, Except Per Share Amounts) |
2016 |
Quarters |
Ìý |
Ìý |
First |
Ìý |
Second |
Ìý |
Third |
Ìý |
Fourth |
Ìý |
Year |
Revenues from product sales and services |
$ |
305.5 |
|
Ìý |
$ |
496.2 |
|
Ìý |
$ |
553.3 |
|
Ìý |
$ |
754.0 |
|
Ìý |
$ |
2,109.0 |
|
Sales margin |
30.9 |
|
Ìý |
91.5 |
|
Ìý |
85.4 |
|
Ìý |
181.5 |
|
Ìý |
389.3 |
|
Income (Loss) from Continuing ÈÕº«Èý¼¶Æ¬ |
$ |
114.3 |
|
Ìý |
$ |
29.9 |
|
Ìý |
$ |
(25.1 |
) |
Ìý |
$ |
100.1 |
|
Ìý |
$ |
219.2 |
|
Loss (Income) from Continuing ÈÕº«Èý¼¶Æ¬
attributable to Noncontrolling Interest |
(8.8 |
) |
Ìý |
(16.7 |
) |
Ìý |
2.0 |
|
Ìý |
(1.7 |
) |
Ìý |
(25.2 |
) |
Net Income (Loss) from Continuing ÈÕº«Èý¼¶Æ¬
attributable to Cliffs shareholders |
105.5 |
|
Ìý |
13.2 |
|
Ìý |
(23.1 |
) |
Ìý |
98.4 |
|
Ìý |
194.0 |
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Income (Loss) from Discontinued ÈÕº«Èý¼¶Æ¬, net of tax |
2.5 |
|
Ìý |
(0.4 |
) |
Ìý |
(2.7 |
) |
Ìý |
(19.3 |
) |
Ìý |
(19.9 |
) |
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS |
$ |
108.0 |
|
Ìý |
$ |
12.8 |
|
Ìý |
$ |
(25.8 |
) |
Ìý |
$ |
79.1 |
|
Ìý |
$ |
174.1 |
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Earnings (loss) per common share attributable to
ÌýÌýÌýÌýCliffs common shareholders — Basic:
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Continuing ÈÕº«Èý¼¶Æ¬ |
$ |
0.61 |
|
Ìý |
$ |
0.07 |
|
Ìý |
$ |
(0.11 |
) |
Ìý |
$ |
0.43 |
|
Ìý |
$ |
0.98 |
|
Discontinued ÈÕº«Èý¼¶Æ¬ |
0.01 |
|
Ìý |
— |
|
Ìý |
(0.01 |
) |
Ìý |
(0.08 |
) |
Ìý |
(0.10 |
) |
Ìý |
$ |
0.62 |
|
Ìý |
$ |
0.07 |
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Ìý |
$ |
(0.12 |
) |
Ìý |
$ |
0.35 |
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Ìý |
$ |
0.88 |
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Earnings (loss) per common share attributable to
ÌýÌýÌýÌýCliffs common shareholders — Diluted:
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Continuing ÈÕº«Èý¼¶Æ¬ |
$ |
0.61 |
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Ìý |
$ |
0.07 |
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Ìý |
$ |
(0.11 |
) |
Ìý |
$ |
0.42 |
|
Ìý |
$ |
0.97 |
|
Discontinued ÈÕº«Èý¼¶Æ¬ |
0.01 |
|
Ìý |
— |
|
Ìý |
(0.01 |
) |
Ìý |
(0.08 |
) |
Ìý |
(0.10 |
) |
Ìý |
$ |
0.62 |
|
Ìý |
$ |
0.07 |
|
Ìý |
$ |
(0.12 |
) |
Ìý |
$ |
0.34 |
|
Ìý |
$ |
0.87 |
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The diluted earnings per share calculation for the third quarter of 2016 exclude equity plan awards of 3.0 million that were anti-dilutive. There was no anti-dilution in the first, second or fourth quarter of 2016.
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Ìý |
(In Millions, Except Per Share Amounts) |
Ìý |
2015 |
Quarters |
Ìý |
Ìý |
First |
Ìý |
Second |
Ìý |
Third |
Ìý |
Fourth |
Ìý |
Year |
Revenues from product sales and services |
$ |
446.0 |
|
Ìý |
$ |
498.1 |
|
Ìý |
$ |
593.2 |
|
Ìý |
$ |
476.0 |
|
Ìý |
$ |
2,013.3 |
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Sales margin |
80.8 |
|
Ìý |
57.3 |
|
Ìý |
55.1 |
|
Ìý |
43.3 |
|
Ìý |
236.5 |
|
Income (Loss) from Continuing ÈÕº«Èý¼¶Æ¬ |
$ |
166.8 |
|
Ìý |
$ |
(38.2 |
) |
Ìý |
$ |
49.9 |
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Ìý |
$ |
(34.8 |
) |
Ìý |
$ |
143.7 |
|
Loss (Income) from Continuing ÈÕº«Èý¼¶Æ¬
attributable to Noncontrolling Interest |
1.9 |
|
Ìý |
(5.0 |
) |
Ìý |
4.6 |
|
Ìý |
(2.4 |
) |
Ìý |
(8.6 |
) |
Net Income (Loss) from Continuing ÈÕº«Èý¼¶Æ¬
attributable to Cliffs shareholders |
$ |
168.7 |
|
Ìý |
$ |
(43.2 |
) |
Ìý |
$ |
54.5 |
|
Ìý |
$ |
(37.2 |
) |
Ìý |
$ |
135.1 |
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Income (Loss) from Discontinued ÈÕº«Èý¼¶Æ¬, net of tax |
(928.5 |
) |
Ìý |
103.4 |
|
Ìý |
(43.9 |
) |
Ìý |
(23.1 |
) |
Ìý |
(884.4 |
) |
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS |
$ |
(759.8 |
) |
Ìý |
$ |
60.2 |
|
Ìý |
$ |
10.6 |
|
Ìý |
$ |
(60.3 |
) |
Ìý |
$ |
(749.3 |
) |
PREFERRED STOCK DIVIDENDS |
(12.8 |
) |
Ìý |
— |
|
Ìý |
(25.6 |
) |
Ìý |
— |
|
Ìý |
(38.4 |
) |
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS |
(772.6 |
) |
Ìý |
60.2 |
|
Ìý |
(15.0 |
) |
Ìý |
(60.3 |
) |
Ìý |
(787.7 |
) |
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Earnings (loss) per common share attributable to
ÌýÌýÌýÌýCliffs common shareholders — Basic:
|
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Continuing ÈÕº«Èý¼¶Æ¬ |
$ |
1.02 |
|
Ìý |
$ |
(0.28 |
) |
Ìý |
$ |
0.19 |
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Ìý |
$ |
(0.24 |
) |
Ìý |
$ |
0.63 |
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Discontinued ÈÕº«Èý¼¶Æ¬ |
(6.06 |
) |
Ìý |
0.67 |
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Ìý |
(0.29 |
) |
Ìý |
(0.15 |
) |
Ìý |
(5.77 |
) |
Ìý |
$ |
(5.04 |
) |
Ìý |
$ |
0.39 |
|
Ìý |
$ |
(0.10 |
) |
Ìý |
$ |
(0.39 |
) |
Ìý |
$ |
(5.14 |
) |
Earnings (loss) per common share attributable to
Cliffs common shareholders — Diluted: |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Continuing ÈÕº«Èý¼¶Æ¬ |
$ |
0.94 |
|
Ìý |
$ |
(0.28 |
) |
Ìý |
$ |
0.19 |
|
Ìý |
$ |
(0.24 |
) |
Ìý |
$ |
0.63 |
|
Discontinued ÈÕº«Èý¼¶Æ¬ |
(5.20 |
) |
Ìý |
0.67 |
|
Ìý |
(0.29 |
) |
Ìý |
(0.15 |
) |
Ìý |
(5.76 |
) |
Ìý |
$ |
(4.26 |
) |
Ìý |
$ |
0.39 |
|
Ìý |
$ |
(0.10 |
) |
Ìý |
$ |
(0.39 |
) |
Ìý |
$ |
(5.13 |
) |
The diluted earnings per share calculation for the second, third and fourth quarter of 2015 exclude depositary shares that were anti-dilutive ranging between 25.2 million and 25.6 million and equity plan awards ranging between 0.1 million and 0.3 million that were anti-dilutive. There was no anti-dilution in the first quarter of 2015.
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