Cleveland-Cliffs Stock Income Statements

Cleveland-Cliffs Quarterly Income Statements Chart

Quarterly

Annual

Operating Profit

Net Income

Cleveland-Cliffs Quarterly Income Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-03-31

revenues	4,808,163,000,000	4,495,162,000,000	4,325,000,000	4,569,000,000	5,092,000,000		5,112,000,000	5,605,000,000	5,984,000,000	5,295,000,000	5,044,000,000	5,653,000,000	6,337,000,000	5,955,000,000	6,004,000,000	5,045,000,000	4,049,000,000	2,255,800,000	1,646,000,000	1,092,700,000	324,500,000
cost of goods sold	-5,031,000,000	-4,895,000,000	-4,598,000,000	-4,673,000,000	-4,930,000,000		-4,944,000,000	-5,125,000,000	-5,340,000,000	-5,196,000,000	-5,104,000,000	-5,305,000,000	-5,356,000,000	-4,706,000,000	-4,229,000,000	-3,848,000,000	-3,761,000,000	-2,013,100,000	-1,525,400,000	-1,207,500,000	-356,000,000	-251,750,000	-400,700,000	-480,200,000	-126,100,000
selling, general and administrative expenses	-130,000,000	-126,000,000	-139,000,000	-112,000,000	-103,000,000		-157,000,000	-144,000,000	-149,000,000	-127,000,000	-112,000,000	-124,000,000	-107,000,000	-122,000,000	-112,000,000	-104,000,000	-95,000,000	-94,800,000	-59,600,000	-62,100,000	-26,100,000	-37,200,000	-25,500,000	-30,600,000	-28,100,000					-28,000,000	-77,800,000	-27,500,000	-25,700,000	-36,000,000	-31,100,000	-22,500,000	-28,200,000	-27,800,000	-22,400,000	-30,800,000	-29,100,000	-62,700,000	-52,500,000	-63,700,000	-70,600,000	-48,900,000	-48,400,000	-79,900,000	-63,900,000	-83,500,000	-63,000,000	-81,000,000	-78,300,000	-69,500,000	-50,700,000	-73,700,000	-68,100,000	-50,200,000	-46,000,000	-37,100,000	-28,400,000	-23,400,000	-31,800,000	-50,200,000	-41,800,000	-44,600,000
net periodic benefit credits other than service cost component	43,000,000	57,000,000	63,000,000	62,000,000	62,000,000		54,000,000	50,000,000	50,000,000	50,000,000	64,000,000	49,000,000	50,000,000	49,000,000	46,000,000	46,000,000	47,000,000
excluding depreciation, depletion and amortization	3,867,000,000	2,748,000,000
other segment items1	7,000,000	11,000,000
total adjusted ebitda	8,316,000,000	-184,000,000				414,000,000
interest expense	-149,000,000	-140,000,000	-135,000,000	-102,000,000	-69,000,000	-64,000,000	-63,000,000	-70,000,000	-79,000,000	-77,000,000	-71,000,000	-64,000,000	-64,000,000	-77,000,000	-81,000,000	-85,000,000	-92,000,000	-70,100,000	-68,200,000	-68,700,000	-31,000,000	-24,700,000	-25,300,000	-26,100,000	-25,100,000							-31,400,000	-42,800,000	-44,300,000	-48,700,000	-50,700,000	-56,800,000	-60,300,000	-61,700,000	-63,600,000	-42,900,000	-47,400,000	-44,800,000	-44,600,000	-44,700,000	-40,700,000	-49,100,000	-54,400,000	-47,200,000	-47,100,000	-47,300,000	-47,300,000	-49,600,000	-81,000,000	-38,200,000	-28,900,000	-17,300,000	-13,300,000	-10,200,000	-9,700,000	-10,000,000	-10,000,000	-9,300,000	-12,100,000	-10,700,000	-7,200,000
income tax benefit	148,000,000	147,000,000	136,000,000	76,000,000	15,000,000	8,000,000				13,000,000					-334,000,000	-216,000,000	-9,000,000	12,500,000	22,400,000	24,700,000	51,400,000			-22,000,000	3,700,000			1,810,000				-2,600,000	1,800,000	10,500,000	7,100,000	2,100,000		600,000	3,400,000	1,800,000		921,400,000	69,100,000	-17,250,000	-65,700,000	-9,300,000	6,000,000	58,800,000	64,000,000	-42,900,000	210,800,000					-69,500,000	-115,700,000	-99,300,000		3,650,000	-1,900,000	17,600,000
depreciation, depletion and amortization	-393,000,000	-282,000,000				-230,000,000
ebitda from noncontrolling interests2	20,000,000	18,000,000
idled facilities charges	-204,000,000
changes in fair value of derivatives	-15,000,000	-9,000,000
currency exchange	48,000,000
severance	-19,000,000
other	-3,000,000	-6,000,000				-4,000,000
net income	-470,000,000	-483,000,000	-434,000,000	-230,000,000	9,000,000	-53,000,000	-139,000,000	275,000,000	356,000,000	-42,000,000	-204,000,000	165,000,000	601,000,000	814,000,000	1,282,000,000	795,000,000	57,000,000	73,800,000	1,900,000	-108,100,000	-48,600,000	63,200,000	90,900,000	160,800,000	-22,100,000			165,111,600	-84,300,000	309,900,000	53,200,000	30,100,000	-29,800,000	80,800,000	-27,800,000	29,500,000	116,800,000	-57,900,000	6,000,000	65,200,000	-761,700,000	-6,887,200,000	14,500,000	-14,200,000	113,900,000	141,300,000	120,800,000	-1,870,800,000	78,400,000	274,300,000	391,400,000	221,900,000	741,300,000	426,000,000	423,300,000	393,200,000	297,400,000	260,600,000	93,500,000	108,100,000	58,600,000	45,200,000	-7,600,000	53,900,000	174,900,000	16,700,000
yoy	-5322.22%	811.32%	212.23%	-183.64%	-97.47%	26.19%	-31.86%	66.67%	-40.77%	-105.16%	-115.91%	-79.25%	954.39%	1002.98%	67373.68%	-835.43%	-217.28%	16.77%	-97.91%	-167.23%	119.91%			-2.61%	-73.78%			448.54%	182.89%	283.54%	-291.37%	2.03%	-125.51%	-239.55%	-563.33%	-54.75%	-115.33%	-99.16%	-58.62%	-559.15%	-768.74%	-4974.17%	-88.00%	-99.24%	45.28%	-48.49%	-69.14%	-943.08%	-89.42%	-35.61%	-7.54%	-43.57%	149.26%	63.47%	352.73%	263.74%	407.51%	476.55%	-1330.26%	100.56%	-66.50%	170.66%
qoq	-2.69%	11.29%	88.70%	-2655.56%	-116.98%	-61.87%	-150.55%	-22.75%	-947.62%	-79.41%	-223.64%	-72.55%	-26.17%	-36.51%	61.26%	1294.74%	-22.76%	3784.21%	-101.76%	122.43%	-176.90%	-30.47%	-43.47%	-827.60%				-295.86%	-127.20%	482.52%	76.74%	-201.01%	-136.88%	-390.65%	-194.24%	-74.74%	-301.73%	-1065.00%	-90.80%	-108.56%	-88.94%	-47597.93%	-202.11%	-112.47%	-19.39%	16.97%	-106.46%	-2486.22%	-71.42%	-29.92%	76.39%	-70.07%	74.01%	0.64%	7.66%	32.21%	14.12%	178.72%	-13.51%	84.47%	29.65%	-694.74%	-114.10%	-69.18%	947.31%
net income margin %
capital additions	1,502,000,000	1,236,000,000
1 other segment items primarily consists of the exclusion of ebitda from noncontrolling interests from adjusted ebitda and certain idled facilities charges and the inclusion of items within miscellaneous – net and other non-operating income.
2 ebitda from noncontrolling interests includes net income attributable to noncontrolling interests of 13 million and the exclusion of depreciation, depletion, and amortization of 7 million.
weirton indefinite idle		-3,000,000
idled facilities employment charges		-41,000,000
amortization of inventory step-up		7,000,000
1 other segment items primarily consists of the exclusion of ebitda of noncontrolling interests and idled facilities employment charges from adjusted ebitda and the inclusion of items within miscellaneous – net and other non-operating income.
2 ebitda of noncontrolling interests includes net income attributable to noncontrolling interests of 12 million and the exclusion of depreciation, depletion, and amortization of 6 million.
operating costs:
acquisition-related costs			-30,000,000	-14,000,000											-4,000,000	-1,000,000	-13,000,000	-21,600,000	-7,500,000	-18,400,000	-42,500,000
restructuring and other charges			2,000,000	-2,000,000	-25,000,000
asset impairments			-19,750,000		-15,000,000
miscellaneous – net			-25,000,000	-27,000,000	-13,000,000		-6,500,000	-11,000,000	-12,000,000	-3,000,000	-6,000,000	-37,000,000	-34,000,000	-33,000,000	-10,000,000	-25,000,000	-3,000,000	-19,500,000	-15,500,000	-13,100,000	-13,300,000	-4,750,000	-7,800,000	-5,600,000	-3,600,000
total operating costs			-4,790,000,000	-4,828,000,000	-5,086,000,000		-5,212,000,000	-5,280,000,000	-5,501,000,000	-5,326,000,000	-5,226,000,000	-5,466,000,000	-5,497,000,000	-4,861,000,000	-4,355,000,000	-3,978,000,000	-3,872,000,000	-2,149,000,000	-1,608,000,000	-1,301,100,000	-437,900,000
operating income			-465,000,000	-259,000,000	6,000,000		-100,000,000	325,000,000	483,000,000	-31,000,000	-182,000,000	187,000,000	840,000,000	1,094,000,000	1,649,000,000	1,067,000,000	177,000,000	107,200,000	38,000,000	-208,400,000	-78,800,000	81,700,000	121,600,000	226,800,000	-800,000	163,152,600	225,522,000	254,220,500	-40,000,000	97,400,000	326,200,000	114,600,000	81,900,000	131,700,000	34,700,000	74,700,000	-300,000	24,500,000	29,200,000	25,700,000	71,900,000	-7,759,100,000	-11,700,000	16,700,000	224,000,000	262,000,000	168,300,000	-970,100,000	76,300,000	365,300,000	231,100,000	367,900,000	820,300,000	616,900,000	541,200,000	396,600,000	389,200,000	365,800,000	113,400,000	155,600,000	80,500,000	-17,300,000	11,400,000	147,300,000	339,400,000	42,600,000
yoy			365.00%	-179.69%	-98.76%		-45.05%	73.80%	-42.50%	-102.83%	-111.04%	-82.47%	374.58%	920.52%	4239.47%	-612.00%	-324.62%	31.21%	-68.75%	-191.89%	9750.00%	-49.92%	-46.08%	-10.79%	-98.00%	67.51%	-30.86%	121.83%	-148.84%	-26.04%	840.06%	53.41%	-27400.00%	437.55%	18.84%	190.66%	-100.42%	-100.32%	-349.57%	53.89%	-67.90%	-3061.49%	-106.95%	-101.72%	193.58%	-28.28%	-27.17%	-363.69%	-90.70%	-40.78%	-57.30%	-7.24%	110.77%	68.64%	377.25%	154.88%	383.48%	-2214.45%	894.74%	5.63%	-76.28%	-140.61%
qoq			79.54%	-4416.67%			-130.77%	-32.71%	-1658.06%	-82.97%	-197.33%	-77.74%	-23.22%	-33.66%	54.55%	502.82%	65.11%	182.11%	-118.23%	164.47%	-196.45%	-32.81%	-46.38%	-28450.00%	-100.49%	-27.66%	-11.29%	-735.55%	-141.07%	-70.14%	184.64%	39.93%	-37.81%	279.54%	-53.55%	-25000.00%	-101.22%	-16.10%	13.62%	-64.26%	-100.93%	66217.09%	-170.06%	-92.54%	-14.50%	55.67%	-117.35%	-1371.43%	-79.11%	58.07%	-37.18%	-55.15%	32.97%	13.99%	36.46%	1.90%	6.40%	222.57%	-27.12%	93.29%	-565.32%	-251.75%	-92.26%	-56.60%	696.71%
operating margin %
other income:
loss on extinguishment of debt					-6,000,000	-21,000,000							-66,000,000	-14,000,000
changes in fair value of foreign currency contracts			-1,750,000	-7,000,000																																												-400,000			300,000	1,400,000	-6,200,000	50,400,000	56,300,000	15,000,000	32,500,000	-10,000,000	2,300,000	900,000	8,800,000	79,300,000	-3,300,000
other non-operating income			-40,000,000		1,000,000		1,000,000	-2,000,000	4,000,000	2,000,000	2,000,000	-1,000,000	-3,000,000		1,000,000	4,000,000		25,800,000	10,000,000	15,200,000	9,200,000	900,000	300,000	600,000	100,000	4,087,000	4,340,000	4,440,000	4,440,000	850,000	2,350,000	800,000	700,000		100,000	200,000	100,000	400,000	-100,000	-2,100,000	-800,000	7,100,000	2,200,000	3,800,000	-1,200,000		1,100,000	-3,500,000	3,300,000	-500,000	1,500,000	-1,300,000	-1,700,000	500,000	500,000	6,800,000	-300,000	6,500,000	700,000	3,500,000	200,000	-1,300,000
total other income			-105,000,000	-47,000,000	-12,000,000		-8,000,000	-22,000,000	-25,000,000	-25,000,000	-4,000,000	-12,000,000	-83,000,000	-44,000,000	-34,000,000	-57,000,000	-111,000,000	-46,900,000	-58,200,000	75,900,000	-21,800,000
income from continuing operations before income taxes			-570,000,000	-306,000,000	-6,000,000		-108,000,000	303,000,000	458,000,000	-56,000,000	-186,000,000	175,000,000	757,000,000	1,050,000,000	1,615,000,000	1,010,000,000	66,000,000	60,300,000	-20,200,000	-132,500,000	-100,600,000	57,900,000	96,600,000	183,400,000	-25,800,000	134,460,600	200,319,400	227,617,800	-69,100,000	3,250,000	13,000,000	79,100,000	-32,100,000	29,350,000	-32,200,000	27,800,000	121,800,000
income from continuing operations			-434,000,000	-230,000,000	9,000,000		-138,000,000	274,000,000	356,000,000	-43,000,000	-205,000,000	165,000,000	600,000,000	813,000,000	1,281,000,000	794,000,000	57,000,000	72,800,000	2,200,000	-107,800,000	-49,200,000	63,400,000	91,800,000	161,400,000	-22,100,000	624,062,000	199,819,400	229,418,000	-84,800,000			76,500,000	-30,300,000	100,100,000	-25,100,000	29,900,000	114,300,000	-34,800,000	49,900,000	-38,200,000	166,800,000	-6,887,200,000		-14,200,000	111,900,000	141,300,000	120,800,000	-1,901,600,000	81,100,000	274,300,000	391,500,000	221,700,000	758,800,000
income from discontinued operations, net of tax							-1,000,000	1,000,000		1,000,000	1,000,000		1,000,000	1,000,000	1,000,000	1,000,000			-300,000	-300,000	600,000	-200,000	-900,000	-600,000		-14,610,200	238,023,800		500,000			-46,400,000	500,000	-19,300,000	-2,700,000	-400,000	2,500,000	-23,100,000	-43,900,000	103,400,000	-928,500,000			500,000	2,000,000			1,275,000	-2,700,000		-100,000	200,000	-17,500,000
income attributable to noncontrolling interests			-8,250,000	-12,000,000	-7,000,000
net income attributable to cliffs shareholders			-447,000,000	-242,000,000	2,000,000		-155,000,000	264,000,000	347,000,000	-57,000,000	-214,000,000	152,000,000	596,000,000	801,000,000	1,274,000,000	780,000,000	41,000,000	64,000,000	-10,000,000	-123,900,000	-52,100,000					609,451,700	437,843,200	165,111,600	-84,300,000			31,800,000	-28,100,000	79,100,000	-25,800,000	12,800,000	108,000,000	-60,300,000	10,600,000	60,200,000	-759,800,000	-5,879,600,000	10,900,000	43,300,000	117,200,000	146,000,000	107,000,000	-1,618,400,000	85,100,000	258,000,000	375,800,000	198,500,000	589,500,000	407,700,000	423,400,000	393,300,000	297,400,000	260,700,000	93,500,000	108,200,000	58,800,000	45,500,000
earnings per common share attributable to cliffs shareholders - basic																																											-10,000											2,930,000	3,120,000	1,157,500	2,200,000	1,930,000	690,000	197,500	450,000	360,000	-70,000
continuing operations			-930,000	-520,000			-300,000	520,000	680,000	-110,000	-410,000	300,000	1,140,000	1,540,000	2,460,000	1,400,000	80,000	190,000	-20,000	-310,000	-180,000	240,000	340,000	590,000	-80,000	2,099,000	670,000	770,000	-290,000			260,000	-110,000	470,000	-110,000	70,000	610,000	-240,000	190,000	-280,000	1,020,000	-38,490,000		190,000	670,000	870,000	660,000	-11,590,000	620,000	1,810,000	2,640,000	1,370,000	4,210,000
discontinued operations																										-50,000	800,000					-160,000			-10,000		10,000	-150,000	-290,000	670,000	-6,060,000				10,000			210,000	-20,000				-120,000
earnings per common share attributable to cliffs shareholders - diluted																																											-10,000											2,920,000	3,110,000	1,150,000	2,180,000	1,920,000	690,000	195,000	450,000	360,000	-70,000
revenues:
steelmaking						5,027,000,000
other businesses						172,000,000
total revenues						5,199,000,000
adjusted ebitda:
eliminations						2,000,000
less:
ebitda of noncontrolling interests1						21,000,000
weirton indefinite idle2						-177,000,000
1 ebitda of noncontrolling interests includes the following:
net income attributable to noncontrolling interests						14,000,000
ebitda of noncontrolling interests						21,000,000
2 refer to note 2 - supplementary financial statement information for further information.
gain on extinguishment of debt											1,000,000	4,000,000				-22,000,000	-66,000,000	-2,600,000		129,400,000		-4,550,000		-17,900,000		50,000		200,000											79,200,000		313,700,000
income tax expense							-30,000,000	-29,000,000	-102,000,000		-101,000,000	-10,000,000	-157,000,000	-237,000,000								-5,775,000	-4,800,000														-7,500,000				-175,100,000											-107,800,000	-17,800,000	-151,900,000	-142,000,000				-72,300,000
income attributable to noncontrolling interest							-8,750,000	-11,000,000	-9,000,000	-15,000,000	-10,000,000	-13,000,000	-5,000,000	-13,000,000	-8,000,000	-15,000,000	-16,000,000	-9,800,000	-11,900,000	-15,800,000	-3,500,000															-16,700,000				-5,000,000							-13,800,000
other non-operating expense														-2,000,000																																-2,800,000
realization of deferred revenue																		400,000			34,600,000
average number of shares
basic																		91,311,250,000	399,399,000,000	399,088,000,000	297,515,000,000	-1,657,000,000	269,960,000,000	275,769,000,000	289,525,000,000	-297,587,000,411,000,000	297,878,297,878,000,000	297,618,297,618,000,000	297,266,297,266,000,000			296,070,000,000	265,164,000,000	11,205,000,000	206,279,000,000	182,330,000,000	171,677,000,000	17,000,000	153,237,000,000	153,232,000,000	153,185,000,000	153,108,000,000	153,087,000,000	438,000,000	153,029,000,000	153,011,000,000	147,827,000,000	19,000,000	142,396,000,000	142,380,000,000	142,226,000,000	671,000,000	144,203,000,000	139,000,000,000	135,486,000,000	21,000,000	135,345,000,000	135,319,000,000	135,174,000,000	1,953,000,000	130,840,000,000	125,055,000,000	113,240,000,000	3,866,000,000	104,753,000,000	44,968,000,000
diluted																		91,311,250,000	399,399,000,000	399,088,000,000	297,515,000,000	-3,275,000,000	276,578,000,000	285,479,000,000	289,525,000,000	-303,517,999,377,000,000	310,203,310,203,000,000	301,275,301,275,000,000	297,266,297,266,000,000			300,711,000,000	265,164,000,000	11,674,000,000	206,279,000,000	184,557,000,000	171,962,000,000	392,000,000	153,237,000,000	153,232,000,000	178,696,000,000	153,108,000,000	153,087,000,000	1,699,000,000	178,459,000,000	178,428,000,000	148,081,000,000	-429,000,000	142,895,000,000	142,814,000,000	142,709,000,000	691,000,000	144,989,000,000	139,783,000,000	136,191,000,000	40,000,000	136,213,000,000	136,134,000,000	135,954,000,000	1,983,000,000	131,736,000,000	125,779,000,000	113,240,000,000	1,849,000,000	108,719,000,000	52,458,000,000
loss per common share attributable to cliffs shareholders - basic
loss per common share attributable to cliffs shareholders - diluted
revenues from product sales and services
product																						339,450,000	515,000,000	697,400,000	145,400,000	646,385,290	684,767,500	672,056,800	220,727,900			512,000,000	412,800,000	676,500,000	508,600,000	452,800,000	275,600,000	432,500,000	542,500,000	454,300,000	399,500,000	1,190,800,000	1,018,600,000	1,417,800,000	1,454,600,000	1,391,600,000	1,082,600,000	1,424,300,000	1,447,900,000	1,546,600,000	1,200,900,000	1,589,300,000	2,124,400,000	1,705,000,000	1,133,000,000	1,341,900,000	1,287,200,000	1,116,200,000	671,500,000	772,100,000	669,900,000	353,100,000	421,100,000	850,400,000	1,110,800,000	412,000,000
freight																						24,500,000	40,600,000	45,800,000	11,600,000
sales margin																						126,900,000	154,900,000	263,000,000	30,900,000	201,942,800	261,625,600	284,523,500	-3,600,000	416,300,000	85,400,000	145,100,000	95,700,000	181,500,000	85,400,000	91,500,000	30,900,000	43,300,000	55,100,000	57,300,000	80,800,000	127,500,000	92,000,000	294,500,000	348,700,000	268,200,000	237,900,000	238,500,000	198,300,000	449,300,000	303,500,000	493,700,000	863,300,000	730,800,000	598,700,000	482,300,000	476,500,000	414,700,000	150,000,000	175,000,000	103,200,000	-11,700,000	42,400,000	285,900,000	365,000,000	82,400,000
other operating expense
other income
earnings per common share – basic
earnings per common share – diluted
loss per common share – basic
loss per common share – diluted
freight and venture partners' cost reimbursements																										49,889,300	57,156,000	42,336,000	18,322,000			57,300,000	48,800,000	77,500,000	44,700,000	43,400,000	29,900,000	43,500,000	50,700,000	43,800,000	46,500,000	107,400,000	82,200,000	98,000,000	92,000,000	96,900,000	57,900,000	111,600,000	97,000,000	79,400,000
cost of goods sold and operating expenses																										-494,300,000	-480,200,000	-429,800,000		-500,200,000	-1,328,300,000	-424,200,000	-365,900,000	-572,500,000	-467,900,000	-404,700,000	-274,600,000	-432,700,000	-538,100,000	-440,800,000	-365,200,000	-1,170,700,000	-1,008,800,000	-1,221,300,000	-1,197,900,000	-1,220,300,000	-902,600,000	-1,297,400,000	-1,346,600,000	-1,176,700,000	-961,200,000	-1,168,800,000	-1,279,500,000	-1,075,000,000	-584,500,000	-941,900,000	-869,500,000	-769,600,000	-577,700,000	-645,500,000	-563,200,000	-402,000,000	-422,400,000	-630,400,000	-824,700,000	-412,000,000
income per common share attributable to cliffs shareholders – basic
income per common share attributable to cliffs shareholders – diluted
loss attributable to noncontrolling interest																																						375,000	4,600,000		1,900,000
loss per common share attributable to cliffs shareholders – basic
loss per common share attributable to cliffs shareholders – diluted
financial statement line impacted
miscellaneous - net																														24,700,000	3,000,000	-3,000,000	11,900,000	-13,800,000	-19,600,000	5,700,000	-3,000,000	9,000,000	-3,500,000	-800,000	20,200,000	-53,700,000	-47,800,000	49,800,000	-43,500,000	55,300,000	1,500,000	-31,200,000	-12,500,000	28,600,000	9,400,000	14,900,000	64,000,000	-8,200,000	3,800,000	-5,525,000	-22,000,000	-2,200,000	2,100,000	4,825,000	4,900,000	17,000,000	-1,600,000	2,150,000	10,500,000	1,000,000
revenues from product sales and services:
u.s. iron ore																														149,196,250	596,785,000
asia pacific iron ore																														3,750,000	15,000,000
total revenues from product sales and services																														174,602,500	698,410,000
sales margin:
other operating income
gain on extinguishment/restructuring of debt																																-4,900,000	-71,900,000	2,200,000	-18,300,000	3,600,000	178,800,000
loss (income) attributable to noncontrolling interest																																1,700,000	1,700,000	-1,700,000	2,000,000							1,007,600,000	-3,600,000	57,500,000	3,300,000	4,700,000
equity income from ventures, net of tax																																							-100,000			-9,200,000	-300,000	-500,000	-500,000	-67,900,000
preferred stock dividends																																							-25,600,000		-12,800,000	-12,800,000	-12,800,000	-12,800,000	-12,900,000	-12,900,000	-9,900,000																			-900,000
net income attributable to cliffs common shareholders																																		79,100,000	-25,800,000	12,800,000	108,000,000	-60,300,000	-15,000,000	60,200,000	-772,600,000	-5,892,400,000	-1,900,000	30,500,000	104,300,000
cash dividends declared per depositary share																																							880,000			440,000	440,000	440,000	440,000	440,000	340,000
(income) loss attributable to noncontrolling interest																																					-8,800,000
impairment of goodwill and other long-lived assets																																										-7,769,100,000
income from continuing operations before income taxes and equity income from ventures																																						-35,400,000	46,600,000	-40,000,000	341,900,000	-7,799,400,000	-54,300,000	-27,600,000	178,100,000	218,500,000	120,300,000	-1,028,400,000	32,400,000	317,700,000	187,600,000	322,600,000	765,500,000	589,200,000	562,300,000	402,100,000	409,500,000	351,700,000	169,200,000	153,400,000	81,400,000	53,100,000	2,700,000
cash dividends declared per common share																																										150,000	150,000	150,000	150,000	150,000	150,000
exploration costs																																										-1,100,000	-3,400,000	-13,100,000	-10,600,000	-12,600,000	-22,700,000	-47,600,000	-45,600,000	-29,100,000	-18,800,000	-25,100,000	-26,600,000	-18,200,000	-10,600,000
net income attributable to common shareholders																																														133,100,000	97,100,000
equity income from ventures																																															-5,500,000	-382,100,000	-15,300,000	-500,000	-6,900,000	6,900,000	11,100,000	-11,300,000	3,000,000	5,100,000	3,600,000	8,200,000	-3,400,000	-9,900,000	-20,900,000	-25,500,000	-9,200,000	-8,900,000	-13,100,000	-6,900,000
consolidated thompson acquisition costs																																																				-400,000	-2,100,000	-18,000,000
less: income attributable to noncontrolling interest																																																-252,400,000	-6,700,000			42,525,000	151,800,000	18,300,000
cash dividends declared per share																																																0.62	0.63	0.63	0.28	0.28	0.28	0.14	0.14	0.143	0.14
less: income attributable to
noncontrolling interest																																																		16,300,000	15,600,000					-25,000		-100,000					-200,000
freight and venture partners’ cost reimbursements																																																			63,800,000	73,200,000	18,400,000	100,800,000	50,200,000	82,300,000	58,800,000	68,100,000	56,200,000	48,400,000	-3,500,000	37,200,000	43,700,000	65,900,000	78,900,000	82,400,000
interest income																																																			2,000,000	1,900,000	2,700,000	2,400,000	2,500,000	1,500,000	3,300,000	2,700,000	2,400,000	3,100,000	1,900,000	2,400,000	3,400,000	8,400,000	5,900,000	5,600,000
gain on acquisition of controlling interests																																																								12,300,000	2,100,000		60,600,000
less: net income attributable to noncontrolling interest																																																							-100,000					-100,000	-200,000	-300,000
casualty recoveries																																																											3,300,000						500,000
royalties and management fee revenue																																																								4,400,000	2,800,000	2,700,000	2,200,000	1,300,000	-200,000	1,300,000	2,400,000	5,700,000	5,100,000	3,800,000
gain on sale of assets																																																								650,000		800,000	1,800,000	375,000	1,000,000	-500,000
less: loss attributable to
cash dividends per share																																																										0.14	0.088	0.093	0.04	0.04	0.088
income applicable to common shares																																																												24,225,000	58,800,000	45,500,000	-7,400,000	53,900,000	174,900,000	15,800,000
other non-operating income - net																																																															500,000
benefit from income taxes																																																															-1,100,000	29,400,000	-52,000,000	-14,300,000
less: net income attributable to
net income attributable to cliffs																																																															-7,400,000
gain on sale of other assets																																																																5,275,000	100,000
changes in fair value of derivative instruments																																																																-93,900,000	-94,300,000
other - net																																																																850,000	3,300,000
income from continuing operations before income taxes, minority interest and equity income from ventures																																																																25,500,000	243,600,000	41,000,000
minority interest																																																																7,900,000	-3,600,000	-3,100,000
earnings per common share - basic																																																																1,180,000	1,670,000	350,000
earnings per common share - diluted																																																																1,085,000	1,610,000	320,000

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