Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v2.4.1.9
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
NOTE 19 - EARNINGS PER SHARE
The following table summarizes the computation of basic and diluted earnings (loss) per share:
 
(In Millions, Except Per Share Amounts)
 
Three Months Ended
March 31,
 
2015
 
2014
Net Income from Continuing Operations Attributable to Cliffs Shareholders
$
168.7

 
$
70.1

Loss from Discontinued Operations, net of tax
(928.5
)
 
(140.4
)
Net Loss Attributable to Cliffs Shareholders
$
(759.8
)
 
$
(70.3
)
Preferred Stock Dividends
(12.8
)
 
(12.8
)
Net Loss Attributable to Cliffs Common Shareholders
$
(772.6
)
 
$
(83.1
)
Weighted Average Number of Shares:
 
 
 
Basic
153.2

 
153.0

Depositary Shares
25.2

 
—

Employee Stock Plans
0.3

 
0.6

Diluted
178.7

 
153.6

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
 
 
 
Continuing operations
$
1.02

 
$
0.37

Discontinued operations
(6.06
)
 
(0.92
)
 
$
(5.04
)
 
$
(0.55
)
Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
 
 
 
Continuing operations
$
0.94

 
$
0.37

Discontinued operations
(5.20
)
 
(0.91
)
 
$
(4.26
)
 
$
(0.54
)

There was no anti-dilution for the three months ended March 31, 2015. The diluted earnings per share calculation excludes 25.2 million depositary shares that were anti-dilutive for the three months ended March 31, 2014.