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The sum of quarterly EPS may not equal EPS for the year due to discrete quarterly calculations.
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(In Millions, Except Per Share Amounts) |
2019 |
Quarters |
|
|
First |
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Second |
|
Third |
|
Fourth |
|
Year |
Revenues from product sales and services |
$ |
157.0 |
|
|
$ |
743.2 |
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|
$ |
555.6 |
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$ |
534.1 |
|
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$ |
1,989.9 |
|
Sales margin |
30.9 |
|
|
263.0 |
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|
154.9 |
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|
126.9 |
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|
575.7 |
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Net income (loss) from continuing operations attributable to Cliffs shareholders |
$ |
(22.1 |
) |
|
$ |
161.4 |
|
|
$ |
91.8 |
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|
$ |
63.4 |
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|
$ |
294.5 |
|
Loss from discontinued operations, net of tax |
— |
|
|
(0.6 |
) |
|
(0.9 |
) |
|
(0.2 |
) |
|
(1.7 |
) |
Net income (loss) attributable to Cliffs common shareholders |
$ |
(22.1 |
) |
|
$ |
160.8 |
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$ |
90.9 |
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$ |
63.2 |
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$ |
292.8 |
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Earnings (loss) per common share attributable to
Cliffs common shareholders - basic: |
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Continuing operations |
$ |
(0.08 |
) |
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$ |
0.59 |
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$ |
0.34 |
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$ |
0.23 |
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$ |
1.07 |
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Discontinued operations |
— |
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|
— |
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|
— |
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|
— |
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|
(0.01 |
) |
|
$ |
(0.08 |
) |
|
$ |
0.59 |
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$ |
0.34 |
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$ |
0.23 |
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$ |
1.06 |
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Earnings (loss) per common share attributable to
Cliffs common shareholders - diluted: |
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Continuing operations |
$ |
(0.08 |
) |
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$ |
0.57 |
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$ |
0.33 |
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$ |
0.23 |
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$ |
1.04 |
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Discontinued operations |
— |
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— |
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— |
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— |
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(0.01 |
) |
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$ |
(0.08 |
) |
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$ |
0.57 |
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$ |
0.33 |
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$ |
0.23 |
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$ |
1.03 |
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The diluted earnings per share calculation for the first quarter of 2019 excludes equity plan awards of 4.2 million and convertible senior notes awards of 7.3 million that were anti-dilutive.
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(In Millions, Except Per Share Amounts) |
|
2018 |
Quarters |
|
|
First |
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Second |
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Third |
|
Fourth |
|
Year |
Revenues from product sales and services |
$ |
180.0 |
|
|
$ |
714.3 |
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$ |
741.8 |
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$ |
696.3 |
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$ |
2,332.4 |
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Sales margin |
61.5 |
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|
284.5 |
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|
261.6 |
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202.0 |
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|
809.6 |
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Net income (loss) from continuing operations attributable to Cliffs shareholders |
$ |
(13.4 |
) |
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$ |
229.4 |
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$ |
199.8 |
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$ |
624.1 |
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$ |
1,039.9 |
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Income (loss) from discontinued operations, net of tax |
(70.9 |
) |
|
(64.3 |
) |
|
238.0 |
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(14.6 |
) |
|
88.2 |
|
Net income (loss) attributable to Cliffs common shareholders |
$ |
(84.3 |
) |
|
$ |
165.1 |
|
|
$ |
437.8 |
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$ |
609.5 |
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$ |
1,128.1 |
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Earnings (loss) per common share attributable to
Cliffs common shareholders - basic: |
|
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Continuing operations |
$ |
(0.05 |
) |
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$ |
0.77 |
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$ |
0.67 |
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$ |
2.11 |
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$ |
3.50 |
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Discontinued operations |
(0.24 |
) |
|
(0.22 |
) |
|
0.80 |
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(0.05 |
) |
|
0.30 |
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$ |
(0.29 |
) |
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$ |
0.55 |
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$ |
1.47 |
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$ |
2.06 |
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$ |
3.80 |
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Earnings (loss) per common share attributable to
Cliffs common shareholders - diluted: |
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Continuing operations |
$ |
(0.05 |
) |
|
$ |
0.76 |
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$ |
0.64 |
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$ |
2.03 |
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$ |
3.42 |
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Discontinued operations |
(0.24 |
) |
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(0.21 |
) |
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0.77 |
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(0.05 |
) |
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0.29 |
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$ |
(0.29 |
) |
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$ |
0.55 |
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$ |
1.41 |
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$ |
1.98 |
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$ |
3.71 |
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Net income (loss) from continuing operations attributable to Cliffs shareholders
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