Quarterly report pursuant to Section 13 or 15(d)

Statements Of Condensed Consolidated Operations

v3.4.0.3
Statements Of Condensed Consolidated Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES FROM PRODUCT SALES AND SERVICES    
Product $ 275.6 $ 399.5
Freight and venture partners' cost reimbursements 29.9 46.5
TOTAL REVENUES 305.5 446.0
COST OF GOODS SOLD AND OPERATING EXPENSES (274.6) (365.2)
SALES MARGIN 30.9 80.8
OTHER OPERATING INCOME (EXPENSE)    
Selling, general and administrative expenses (28.2) (29.1)
Miscellaneous - net (3.0) 20.2
Other operating expense (31.2) (8.9)
OPERATING INCOME (EXPENSE) (0.3) 71.9
OTHER INCOME (EXPENSE)    
Interest expense, net (56.8) (42.9)
Gain on extinguishment/restructuring of debt 178.8 313.7
Other non-operating income (expense) 0.1 (0.8)
TOTAL OTHER INCOME (EXPENSE) 122.1 270.0
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 121.8 341.9
INCOME TAX EXPENSE (7.5) (175.1)
INCOME FROM CONTINUING OPERATIONS 114.3 166.8
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX 2.5 (928.5)
NET INCOME (LOSS) 116.8 (761.7)
(INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST (8.8) 1.9
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS 108.0 (759.8)
PREFERRED STOCK DIVIDENDS 0.0 (12.8)
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS $ 108.0 $ (772.6)
Earnings (Loss) Per Common Share Attributable to Cliffs Shareholders - Basic    
Continuing operations $ 0.61 $ 1.02
Discontinued operations 0.01 (6.06)
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic: 0.62 (5.04)
Earnings (Loss) Per Common Share Attributable to Cliffs Shareholders - Diluted    
Continuing operations 0.61 0.94
Discontinued operations 0.01 (5.20)
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted: $ 0.62 $ (4.26)
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]    
Basic 171,677 153,185
Diluted 171,962 178,696
CASH DIVIDENDS DECLARED PER DEPOSITARY SHARE $ 0 $ 0.44