Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v2.4.0.8
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
NOTE 19 - EARNINGS PER SHARE
The following table summarizes the computation of basic and diluted earnings per share attributable to Cliffs shareholders:
 
(In Millions, Except Per Share Amounts)
 
Year Ended December 31,
 
2013
 
2012
 
2011
Net Income from Continuing Operations
attributable to Cliffs shareholders
$
411.5

 
$
(935.3
)
 
$
1,599.0

Income (Loss) and Gain on Sale from Discontinued
    Operations, net of tax
2.0

 
35.9

 
20.1

NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS
$
413.5

 
$
(899.4
)
 
$
1,619.1

PREFERRED STOCK DIVIDENDS
(48.7
)
 
—

 
—

NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS
$
364.8

 
$
(899.4
)
 
$
1,619.1

Weighted Average Number of Shares:
 
 
 
 
 
Basic
151.7

 
142.4

 
140.2

Depositary Shares
22.1

 
—

 
—

Employee Stock Plans
0.5

 
—

 
0.8

Diluted
174.3

 
142.4

 
141.0

Earnings (loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
 
 
 
 
 
Continuing operations
$
2.39

 
$
(6.57
)
 
$
11.41

Discontinued operations
0.01

 
0.25

 
0.14

 
$
2.40

 
$
(6.32
)
 
$
11.55

Earnings (loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
 
 
 
 
 
Continuing operations
$
2.36

 
$
(6.57
)
 
$
11.34

Discontinued operations
0.01

 
0.25

 
0.14

 
$
2.37

 
$
(6.32
)
 
$
11.48