Quarterly report pursuant to Section 13 or 15(d)

Statements Of Condensed Consolidated Operations

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Statements Of Condensed Consolidated Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUES FROM PRODUCT SALES AND SERVICES    
Product $ 412.8 $ 275.6
Freight and venture partners' cost reimbursements 48.8 29.9
TOTAL REVENUES 461.6 305.5
COST OF GOODS SOLD AND OPERATING EXPENSES (365.9) (274.6)
SALES MARGIN 95.7 30.9
OTHER OPERATING INCOME (EXPENSE)    
Selling, general and administrative expenses (25.7) (28.2)
Miscellaneous - net 11.9 (3.0)
Other operating expense (13.8) (31.2)
OPERATING INCOME (EXPENSE) 81.9 (0.3)
OTHER INCOME (EXPENSE)    
Interest expense, net (42.8) (56.8)
Gain (loss) on extinguishment/restructuring of debt (71.9) 178.8
Other non-operating income 0.7 0.1
TOTAL OTHER INCOME (EXPENSE) (114.0) 122.1
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (32.1) 121.8
INCOME TAX BENEFIT (EXPENSE) 1.8 (7.5)
INCOME (LOSS) FROM CONTINUING OPERATIONS (30.3) 114.3
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX 0.5 2.5
NET INCOME (LOSS) (29.8) 116.8
LOSS (INCOME) ATTRIBUTABLE TO NONCONTROLLING INTEREST 1.7 (8.8)
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS $ (28.1) $ 108.0
EARNINGS (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CLIFFS SHAREHOLDERS - BASIC    
Continuing operations (in dollars per share) $ (0.11) $ 0.61
Discontinued operations (in dollars per share) 0.00 0.01
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic (in dollars per share) (0.11) 0.62
EARNINGS (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CLIFFS SHAREHOLDERS - DILUTED    
Continuing operations (in dollars per share) (0.11) 0.61
Discontinued operations (in dollars per share) 0.00 0.01
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted (in dollars per share) $ (0.11) $ 0.62
AVERAGE NUMBER OF SHARES (IN THOUSANDS)    
Basic 265.2 171.7
Diluted 265.2 172.0