Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS (Tables)

v2.4.0.8
ACQUISITIONS (Tables) (Consolidated Thompson [Member])
 12 Months Ended
Dec. 31, 2013
Consolidated Thompson [Member]
  
Business Acquisition [Line Items]  
Business Acquisition, Pro Forma Information
The following unaudited consolidated pro forma information summarizes the results of operations for the years ended December 31, 2011 and 2010, as if the Consolidated Thompson acquisition and the related financing had been completed as of January 1, 2010. The pro forma information gives effect to actual operating results prior to the acquisition. The unaudited consolidated pro forma information does not purport to be indicative of the results that actually would have been obtained if the acquisition of Consolidated Thompson had occurred as of the beginning of the periods presented or that may be obtained in the future.
 
(In Millions, Except
Per Common Share)
 
2011
 
2010
REVENUES FROM PRODUCT SALES AND SERVICES
$
6,772.3

 
$
4,784.6

NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS
$
1,612.3

 
$
912.5

EARNINGS (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CLIFFS SHAREHOLDERS - BASIC
$
11.50

 
$
6.74

EARNINGS (LOSS) PER COMMON SHARE ATTRIBUTABLE TO CLIFFS SHAREHOLDERS - DILUTED
$
11.43

 
$
6.70

Schedule of Purchase Price Allocation
 
(In Millions)
 
Initial
Allocation
 
Final
Allocation
 
Change
Consideration
 
 
 
 
 
Cash
$
4,554.0

 
$
4,554.0

 
$
—

Fair value of total consideration transferred
$
4,554.0

 
$
4,554.0

 
$
—

Recognized amounts of identifiable assets acquired and
    liabilities assumed
 
 
 
 
 
ASSETS:
 
 
 
 
 
Cash
$
130.6

 
$
130.6

 
$
—

Accounts receivable
102.8

 
102.4

 
(0.4
)
Product inventories
134.2

 
134.2

 
—

Other current assets
35.1

 
35.1

 
—

Mineral rights
4,450.0

 
4,825.6

 
375.6

Property, plant and equipment
1,193.4

 
1,193.4

 
—

Intangible assets
2.1

 
2.1

 
—

Total identifiable assets acquired
6,048.2

 
6,423.4

 
375.2

LIABILITIES:
 
 
 
 
 
Accounts payable
(13.6
)
 
(13.6
)
 
—

Accrued liabilities
(130.0
)
 
(123.8
)
 
6.2

Convertible debentures
(335.7
)
 
(335.7
)
 
—

Other current liabilities
(41.8
)
 
(47.9
)
 
(6.1
)
Long-term deferred tax liabilities
(831.5
)
 
(1,041.8
)
 
(210.3
)
Senior secured notes
(125.0
)
 
(125.0
)
 
—

Capital lease obligations
(70.7
)
 
(70.7
)
 
—

Other long-term liabilities
(25.1
)
 
(32.8
)
 
(7.7
)
Total identifiable liabilities assumed
(1,573.4
)
 
(1,791.3
)
 
(217.9
)
Total identifiable net assets acquired
4,474.8

 
4,632.1

 
157.3

Noncontrolling interest in Bloom Lake
(947.6
)
 
(1,075.4
)
 
(127.8
)
Goodwill
1,026.8

 
997.3

 
(29.5
)
Total net assets acquired
$
4,554.0

 
$
4,554.0

 
$
—