NOTE 19 - EARNINGS PER SHARE
The following table summarizes the computation of basic and diluted earnings (loss) per share:
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(In Millions, Except Per Share Amounts) |
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2018 |
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2017 |
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2018 |
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2017 |
Income from Continuing Operations |
$ |
229.4 |
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$ |
83.8 |
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$ |
216.0 |
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$ |
5.3 |
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Loss from Continuing Operations Attributable to Noncontrolling Interest |
— |
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1.7 |
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— |
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3.4 |
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Net Income from Continuing Operations Attributable to Cliffs Shareholders |
$ |
229.4 |
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$ |
85.5 |
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$ |
216.0 |
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$ |
8.7 |
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Loss from Discontinued Operations, net of tax |
(64.3 |
) |
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(53.7 |
) |
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(135.2 |
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(5.0 |
) |
Net Income Attributable to Cliffs Shareholders |
$ |
165.1 |
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$ |
31.8 |
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$ |
80.8 |
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$ |
3.7 |
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Weighted Average Number of Shares: |
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Basic |
297.6 |
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296.1 |
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297.4 |
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280.6 |
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Employee Stock Plans |
3.7 |
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4.6 |
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3.7 |
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4.6 |
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Diluted |
301.3 |
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300.7 |
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301.1 |
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285.2 |
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Income (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic: |
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Continuing operations |
$ |
0.77 |
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$ |
0.28 |
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$ |
0.73 |
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$ |
0.03 |
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Discontinued operations |
(0.22 |
) |
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(0.18 |
) |
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(0.46 |
) |
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(0.01 |
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$ |
0.55 |
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$ |
0.10 |
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$ |
0.27 |
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$ |
0.02 |
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Income (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted: |
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Continuing operations |
$ |
0.76 |
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$ |
0.28 |
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$ |
0.72 |
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$ |
0.03 |
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Discontinued operations |
(0.21 |
) |
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(0.18 |
) |
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(0.45 |
) |
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(0.02 |
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$ |
0.55 |
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$ |
0.10 |
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$ |
0.27 |
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$ |
0.01 |
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