Cleveland-Cliffs Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2012

Schedule Of Segment Reporting Information, By Segment

The following table presents a summary of our reportable segments for the years ended December 31, 2012, 2011, and 2010, including a reconciliation of segment sales margin to Income (Loss) from Continuing Operations Before Income Taxes and Equity Income (Loss) from Ventures:



	(In Millions)
	2012					2011					2010
Revenues from product sales and services:
U.S. Iron Ore	$	2,723.3		46	%	$	3,509.9		53	%	$	2,443.7		54	%
Eastern Canadian Iron Ore	1,008.9			17	%	1,178.1			18	%	477.7			11	%
Asia Pacific Iron Ore	1,259.3			22	%	1,363.5			21	%	1,123.9			25	%
North American Coal	881.1			15	%	512.1			8	%	438.2			10	%
Other	0.1			—	%	0.3			—	%	0.3			—	%
Total revenues from product sales and services	$	5,872.7		100	%	$	6,563.9		100	%	$	4,483.8		100	%

Sales margin:
U.S. Iron Ore	$	976.2				$	1,679.3				788.4
Eastern Canadian Iron Ore	(121.4		)			290.9					133.6
Asia Pacific Iron Ore	311.0					699.5					566.2
North American Coal	(1.8		)			(58.4		)			(28.6		)
Other	8.1					(0.4		)			(0.9		)
Sales margin	1,172.1					2,610.9					1,458.7
Other operating expense	(1,480.9		)			(314.1		)			(225.9		)
Other income (expense)	(193.0		)			(106.3		)			33.6
Income (loss) from continuing operations before income taxes and equity income (loss) from ventures	$	(501.8	)			$	2,190.5				1,266.4

Depreciation, depletion and amortization:
U.S. Iron Ore	$	100.9				$	86.2				61.7
Eastern Canadian Iron Ore	160.2					124.6					41.9
Asia Pacific Iron Ore	151.9					100.9					133.9
North American Coal	98.2					86.5					60.4
Other	14.6					28.7					24.4
Total depreciation, depletion and amortization	$	525.8				$	426.9				322.3

Capital additions (1):
U.S. Iron Ore	$	168.8				$	191.4				84.7
Eastern Canadian Iron Ore	865.2					303.1					18.8
Asia Pacific Iron Ore	87.7					262.0					53.6
North American Coal	144.1					181.0					89.5
Other	69.5					23.4					29.2
Total capital additions	$	1,335.3				$	960.9				275.8

Assets:
U.S. Iron Ore	1,735.1					1,691.8					1,537.1
Eastern Canadian Iron Ore	7,605.1					7,973.1					629.6
Asia Pacific Iron Ore	1,506.3					1,511.2					1,195.3
North American Coal	1,877.8					1,814.4					1,623.8
Other	570.9					1,017.6					1,257.8
Total segment assets	13,295.2					14,008.1					6,243.6
Corporate	279.7					533.6					1,534.6
Total assets	13,574.9					14,541.7					7,778.2

(1) Includes capital lease additions and non-cash accruals. Refer to NOTE 21 - CASH FLOW INFORMATION

Schedule of Revenue and Long-Lived Assets, by Geographic Location

Included in the consolidated financial statements are the following amounts relating to geographic location:



	(In Millions)
	2012		2011		2010
Revenue
United States	$	2,108.5	$	2,774.1	$	1,966.3
China	2,008.2		2,114.5		1,212.6
Canada	728.1		914.3		696.5
Other countries	1,027.9		761.0		608.4
Total revenue	5,872.7		6,563.9		4,483.8
Property, Plant and Equipment, Net
United States	$	2,795.3	$	2,684.9	$	2,498.8
Australia	1,042.4		1,017.8		973.7
Canada	7,369.6		6,701.4		506.7
Total Property, Plant and Equipment, Net	11,207.3		10,404.1		3,979.2

Schedule of Concentrations in Revenue

The following table represents the percentage of our total revenue contributed by each category of products and services in 2012, 2011, and 2010:



	2012		2011		2010
Revenue Category
Iron ore	81	%	88	%	84	%
Coal	13	%	8	%	9	%
Freight and venture partners’ cost reimbursements	6	%	4	%	7	%
Total revenue	100	%	100	%	100	%

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References + Details

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details