Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.10.0.1
EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted earnings (loss) per share:
 
(In Millions, Except Per Share Amounts)
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2018
 
2017
 
2018
 
2017
Income from Continuing Operations
$
229.4

 
$
83.8

 
$
216.0

 
$
5.3

Loss from Continuing Operations Attributable to Noncontrolling Interest
—

 
1.7

 
—

 
3.4

Net Income from Continuing Operations Attributable to Cliffs Shareholders
$
229.4

 
$
85.5

 
$
216.0

 
$
8.7

Loss from Discontinued Operations, net of tax
(64.3
)
 
(53.7
)
 
(135.2
)
 
(5.0
)
Net Income Attributable to Cliffs Shareholders
$
165.1

 
$
31.8

 
$
80.8

 
$
3.7

Weighted Average Number of Shares:
 
 
 
 
 
 
 
Basic
297.6

 
296.1

 
297.4

 
280.6

Employee Stock Plans
3.7

 
4.6

 
3.7

 
4.6

Diluted
301.3

 
300.7

 
301.1

 
285.2

Income (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
 
 
 
 
 
 
 
Continuing operations
$
0.77

 
$
0.28

 
$
0.73

 
$
0.03

Discontinued operations
(0.22
)
 
(0.18
)
 
(0.46
)
 
(0.01
)
 
$
0.55

 
$
0.10

 
$
0.27

 
$
0.02

Income (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.76

 
$
0.28

 
$
0.72

 
$
0.03

Discontinued operations
(0.21
)
 
(0.18
)
 
(0.45
)
 
(0.02
)
 
$
0.55

 
$
0.10

 
$
0.27

 
$
0.01

EBITDA and Adjusted EBITDA Reconciliation
 
(In Millions, Except Per Share Amounts)
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2018
 
2017
 
2018
 
2017
Income from Continuing Operations
$
229.4

 
$
83.8

 
$
216.0

 
$
5.3

Loss from Continuing Operations Attributable to Noncontrolling Interest
—

 
1.7

 
—

 
3.4

Net Income from Continuing Operations Attributable to Cliffs Shareholders
$
229.4

 
$
85.5

 
$
216.0

 
$
8.7

Loss from Discontinued Operations, net of tax
(64.3
)
 
(53.7
)
 
(135.2
)
 
(5.0
)
Net Income Attributable to Cliffs Shareholders
$
165.1

 
$
31.8

 
$
80.8

 
$
3.7

Weighted Average Number of Shares:
 
 
 
 
 
 
 
Basic
297.6

 
296.1

 
297.4

 
280.6

Employee Stock Plans
3.7

 
4.6

 
3.7

 
4.6

Diluted
301.3

 
300.7

 
301.1

 
285.2

Income (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
 
 
 
 
 
 
 
Continuing operations
$
0.77

 
$
0.28

 
$
0.73

 
$
0.03

Discontinued operations
(0.22
)
 
(0.18
)
 
(0.46
)
 
(0.01
)
 
$
0.55

 
$
0.10

 
$
0.27

 
$
0.02

Income (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.76

 
$
0.28

 
$
0.72

 
$
0.03

Discontinued operations
(0.21
)
 
(0.18
)
 
(0.45
)
 
(0.02
)
 
$
0.55

 
$
0.10

 
$
0.27

 
$
0.01