Quarterly report pursuant to Section 13 or 15(d)

Statements Of Condensed Consolidated Operations

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Statements Of Condensed Consolidated Operations (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
REVENUES FROM PRODUCT SALES AND SERVICES    
Product $ 860.9 $ 1,082.6
Freight and venture partners' cost reimbursements 79.1 57.9
TOTAL REVENUES 940.0 1,140.5
COST OF GOODS SOLD AND OPERATING EXPENSES (876.8) (902.6)
SALES MARGIN 63.2 237.9
OTHER OPERATING INCOME (EXPENSE)    
Selling, general and administrative expenses (51.1) (48.4)
Exploration costs (4.2) (22.7)
Miscellaneous - net (58.6) 1.5
Other operating expense (113.9) (69.6)
OPERATING INCOME (EXPENSE) (50.7) 168.3
OTHER INCOME (EXPENSE)    
Interest expense, net (42.7) (49.1)
Other non-operating income 1.2 1.1
TOTAL OTHER EXPENSE (41.5) (48.0)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY LOSS FROM VENTURES (92.2) 120.3
INCOME TAX BENEFIT 21.8 6.0
EQUITY LOSS FROM VENTURES, net of tax (0.3) (5.5)
NET INCOME (LOSS) (70.7) 120.8
LOSS (INCOME) ATTRIBUTABLE TO NONCONTROLLING INTEREST 0.4 (13.8)
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS (70.3) 107.0
PREFERRED STOCK DIVIDENDS (12.8) (9.9)
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS $ (83.1) $ 97.1
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic: $ (0.54) $ 0.66
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted: $ (0.54) $ 0.66
AVERAGE NUMBER OF SHARES (IN THOUSANDS)    
Basic 153,040 147,827
Diluted 153,040 148,081
CASH DIVIDENDS DECLARED PER DEPOSITARY SHARE $ 0.44 $ 0.34
CASH DIVIDENDS DECLARED PER COMMON SHARE $ 0.15 $ 0.15