Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v2.4.0.8
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
NOTE 18 - EARNINGS PER SHARE
The following table summarizes the computation of basic and diluted earnings per share:
 
(In Millions, Except Per Share Amounts)
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2013
 
2012
 
2013
 
2012
Net Income from Continuing Operations
attributable to Cliffs shareholders
$
146.0

 
$
255.7

 
$
253.0

 
$
626.0

Income from Discontinued Operations,
    net of tax
—

 
2.3

 
—

 
7.8

NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS
$
146.0

 
$
258.0

 
$
253.0

 
$
633.8

PREFERRED STOCK DIVIDENDS
(12.9
)
 
—

 
(22.8
)
 
—

NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS
$
133.1

 
$
258.0

 
$
230.2

 
$
633.8

Weighted Average Number of Shares:
 
 
 
 
 
 
 
Basic
153.0

 
142.4

 
150.4

 
142.3

Depositary Shares
25.2

 
—

 
19.1

 
—

Employee Stock Plans
0.2

 
0.4

 
0.2

 
0.5

Diluted
178.4

 
142.8

 
169.7

 
142.8

Earnings per Common Share Attributable to
Cliffs Shareholders - Basic:
 
 
 
 
 
 
 
Continuing operations
$
0.87

 
$
1.79

 
$
1.53

 
$
4.40

Discontinued operations
—

 
0.02

 
—

 
0.05

 
$
0.87

 
$
1.81

 
$
1.53

 
$
4.45

Earnings per Common Share Attributable to
Cliffs Shareholders - Diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.82

 
$
1.79

 
$
1.49

 
$
4.39

Discontinued operations
—

 
0.02

 
—

 
0.05

 
$
0.82

 
$
1.81

 
$
1.49

 
$
4.44