NOTE 19 - EARNINGS PER SHARE
The following table summarizes the computation of basic and diluted earnings per share:
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(In Millions, Except Per Share Amounts) |
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Three Months Ended
September 30, |
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Nine Months Ended
September 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 |
$ |
199.8 |
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$ |
22.3 |
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$ |
415.8 |
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$ |
27.6 |
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Loss from Continuing Operations Attributable to Noncontrolling Interest |
— |
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0.5 |
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— |
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3.9 |
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Net Income from Continuing Operations Attributable to Cliffs Shareholders |
$ |
199.8 |
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$ |
22.8 |
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$ |
415.8 |
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$ |
31.5 |
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Income from Discontinued Operations, net of tax |
238.0 |
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30.6 |
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102.8 |
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25.6 |
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Net Income Attributable to Cliffs Shareholders |
$ |
437.8 |
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$ |
53.4 |
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$ |
518.6 |
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$ |
57.1 |
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Weighted Average Number of Shares: |
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Basic |
297.9 |
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296.1 |
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297.6 |
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285.8 |
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Convertible Senior Notes |
8.0 |
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— |
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1.9 |
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— |
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Employee Stock Plans |
4.3 |
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5.0 |
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4.0 |
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4.7 |
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Diluted |
310.2 |
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301.1 |
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303.5 |
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290.5 |
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Income per Common Share Attributable to
Cliffs Common Shareholders - Basic: |
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Continuing operations |
$ |
0.67 |
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$ |
0.08 |
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$ |
1.40 |
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$ |
0.11 |
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Discontinued operations |
0.80 |
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0.10 |
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0.35 |
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0.09 |
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$ |
1.47 |
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$ |
0.18 |
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$ |
1.75 |
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$ |
0.20 |
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Income per Common Share Attributable to
Cliffs Common Shareholders - Diluted: |
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Continuing operations |
$ |
0.64 |
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$ |
0.08 |
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$ |
1.37 |
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$ |
0.11 |
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Discontinued operations |
0.77 |
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0.10 |
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0.34 |
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0.08 |
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$ |
1.41 |
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$ |
0.18 |
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$ |
1.71 |
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$ |
0.19 |
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