Financial Statements for Cliffs Natural Resources Inc

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Cliffs Natural Resources Inc financials

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Income Statement

Balance Sheet

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In Millions of USD (except for per share items)	3 months ending 2013-03-31	3 months ending 2012-12-31	3 months ending 2012-09-30	6 months ending 2012-06-30	3 months ending 2012-03-31
Revenue	1,140.50	1,535.90	1,544.90	2,791.90	1,212.40
Other Revenue, Total	-	-	-	-	-
Total Revenue	1,140.50	1,535.90	1,544.90	2,791.90	1,212.40
Cost of Revenue, Total	902.60	1,297.40	1,346.60	2,056.60	920.60
Gross Profit	237.90	238.50	198.30	735.30	291.80
Selling/General/Admin. Expenses, Total	48.40	79.90	63.90	138.70	59.50
Research & Development	22.70	47.60	45.60	49.60	18.80
Depreciation/Amortization	-	-	-	-	-
Interest Expense(Income) - Net Operating	-	-	-	-	-
Unusual Expense (Income)	-	1,049.90	0.00	0.00	-
Other Operating Expenses, Total	-1.50	31.20	12.50	-38.00	-9.40
Total Operating Expense	972.20	2,506.00	1,468.60	2,206.90	989.50
Operating Income	168.30	-970.10	76.30	585.00	222.90
Interest Income(Expense), Net Non-Operating	-	-	-	-	-
Gain (Loss) on Sale of Assets	-	0.00	-	-	-
Other, Net	1.10	-3.50	3.30	2.90	1.80
Income Before Tax	120.30	-1,028.40	32.40	494.20	179.60
Income After Tax	126.30	-1,519.50	96.40	665.40	392.80
Minority Interest	-13.80	252.40	6.70	-31.90	-15.60
Equity In Affiliates	-5.50	-382.10	-15.30	-7.40	-6.90
Net Income Before Extra. Items	107.00	-1,649.20	87.80	626.10	370.30
Accounting Change	-	-	-	-	-
Discontinued Operations	-	-	-	-	-
Extraordinary Item	-	-	-	-	-
Net Income	107.00	-1,618.40	85.10	633.90	375.80
Preferred Dividends	-	-	-	-	-
Income Available to Common Excl. Extra Items	97.10	-1,649.20	87.80	626.10	370.30
Income Available to Common Incl. Extra Items	97.10	-1,618.40	85.10	633.90	375.80
Basic Weighted Average Shares	-	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-	-
Dilution Adjustment	-	0.00	-	-	-
Diluted Weighted Average Shares	148.08	142.47	142.90	142.66	142.71
Diluted EPS Excluding Extraordinary Items	0.66	-11.58	0.61	4.39	2.59
Diluted EPS Including Extraordinary Items	-	-	-	-	-
Dividends per Share - Common Stock Primary Issue	0.15	0.62	0.63	0.91	0.28
Gross Dividends - Common Stock	-	-	-	-	-
Net Income after Stock Based Comp. Expense	-	-	-	-	-
Basic EPS after Stock Based Comp. Expense	-	-	-	-	-
Diluted EPS after Stock Based Comp. Expense	-	-	-	-	-
Depreciation, Supplemental	-	-	-	-	-
Total Special Items	-	-	-	-	-
Normalized Income Before Taxes	-	-	-	-	-
Effect of Special Items on Income Taxes	-	-	-	-	-
Income Taxes Ex. Impact of Special Items	-	-	-	-	-
Normalized Income After Taxes	-	-	-	-	-
Normalized Income Avail to Common	-	-	-	-	-
Basic Normalized EPS	-	-	-	-	-
Diluted Normalized EPS	0.66	-6.79	0.61	4.39	2.59

In Millions of USD (except for per share items)	12 months ending 2012-12-31	12 months ending 2011-12-31	12 months ending 2010-12-31	12 months ending 2009-12-31
Revenue	5,872.70	6,563.90	4,483.80	2,342.00
Other Revenue, Total	-	-	-	-
Total Revenue	5,872.70	6,563.90	4,483.80	2,342.00
Cost of Revenue, Total	4,700.60	3,953.00	3,025.10	2,030.30
Gross Profit	1,172.10	2,610.90	1,458.70	311.70
Selling/General/Admin. Expenses, Total	282.50	248.30	171.70	117.60
Research & Development	142.80	80.50	33.70	0.00
Depreciation/Amortization	-	-	-	-
Interest Expense(Income) - Net Operating	-	-	-	-
Unusual Expense (Income)	1,049.90	53.20	0.00	0.00
Other Operating Expenses, Total	6.00	34.00	-19.30	-42.00
Total Operating Expense	6,181.50	4,267.10	3,251.00	2,105.90
Operating Income	-308.80	2,296.80	1,232.80	236.10
Interest Income(Expense), Net Non-Operating	-	-	-	-
Gain (Loss) on Sale of Assets	0.00	0.00	40.70	0.00
Other, Net	2.70	-2.00	12.50	2.90
Income Before Tax	-501.80	2,602.90	1,266.40	296.50
Income After Tax	-757.70	2,195.20	983.90	274.00
Minority Interest	227.20	-193.50	0.00	0.00
Equity In Affiliates	-404.80	-	13.50	-65.50
Net Income Before Extra. Items	-935.30	2,001.70	997.40	208.50
Accounting Change	-	-	-	-
Discontinued Operations	-	-	-	-
Extraordinary Item	-	-	-	-
Net Income	-899.40	2,021.80	1,019.90	205.10
Preferred Dividends	-	-	-	-
Income Available to Common Excl. Extra Items	-935.30	2,011.40	997.40	208.50
Income Available to Common Incl. Extra Items	-899.40	2,031.50	1,019.90	205.10
Basic Weighted Average Shares	-	-	-	-
Basic EPS Excluding Extraordinary Items	-	-	-	-
Basic EPS Including Extraordinary Items	-	-	-	-
Dilution Adjustment	0.00	0.00	0.00	-
Diluted Weighted Average Shares	142.35	141.01	136.14	125.75
Diluted EPS Excluding Extraordinary Items	-6.57	14.26	7.33	1.66
Diluted EPS Including Extraordinary Items	-	-	-	-
Dividends per Share - Common Stock Primary Issue	2.16	0.84	0.51	0.26
Gross Dividends - Common Stock	-	-	-	-
Net Income after Stock Based Comp. Expense	-	-	-	-
Basic EPS after Stock Based Comp. Expense	-	-	-	-
Diluted EPS after Stock Based Comp. Expense	-	-	-	-
Depreciation, Supplemental	-	-	-	-
Total Special Items	-	-	-	-
Normalized Income Before Taxes	-	-	-	-
Effect of Special Items on Income Taxes	-	-	-	-
Income Taxes Ex. Impact of Special Items	-	-	-	-
Normalized Income After Taxes	-	-	-	-
Normalized Income Avail to Common	-	-	-	-
Basic Normalized EPS	-	-	-	-
Diluted Normalized EPS	-1.78	14.58	7.09	1.66

In Millions of USD (except for per share items)	As of 2013-03-31	As of 2012-12-31	As of 2012-09-30	As of 2012-06-30	As of 2012-03-31
Cash & Equivalents	287.20	195.20	36.30	159.20	122.30
Short Term Investments	-	-	-	-	-
Cash and Short Term Investments	287.20	195.20	36.30	159.20	122.30
Accounts Receivable - Trade, Net	272.30	329.00	285.90	310.80	247.20
Receivables - Other	-	-	-	-	-
Total Receivables, Net	272.30	329.00	285.90	310.80	247.20
Total Inventory	900.10	725.60	786.20	978.00	924.70
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	364.30	400.20	557.00	294.60	293.10
Total Current Assets	1,823.90	1,650.00	1,665.40	1,742.60	1,587.30
Property/Plant/Equipment, Total - Gross	13,207.10	13,044.70	12,683.70	12,477.80	-
Accumulated Depreciation, Total	-1,970.80	-1,837.40	-1,653.00	-1,595.70	-
Goodwill, Net	167.60	167.40	1,167.20	1,166.10	1,166.90
Intangibles, Net	124.50	129.00	133.80	137.90	143.00
Long Term Investments	131.80	135.80	517.00	531.20	530.90
Other Long Term Assets, Total	337.80	285.40	782.70	734.40	698.50
Total Assets	13,821.90	13,574.90	15,296.80	15,194.30	14,893.30
Accounts Payable	299.90	555.50	422.10	385.20	394.50
Accrued Expenses	470.50	442.60	485.20	402.10	380.60
Notes Payable/Short Term Debt	0.00	0.00	0.00	0.00	0.00
Current Port. of LT Debt/Capital Leases	0.00	94.10	369.70	369.70	87.20
Other Current liabilities, Total	331.00	289.30	437.30	377.30	522.30
Total Current Liabilities	1,101.40	1,381.50	1,714.30	1,534.30	1,384.60
Long Term Debt	3,433.00	3,960.70	3,514.30	3,614.10	3,583.80
Capital Lease Obligations	-	-	-	-	-
Total Long Term Debt	3,433.00	3,960.70	3,514.30	3,614.10	3,583.80
Total Debt	3,433.00	4,054.80	3,884.00	3,983.80	3,671.00
Deferred Income Tax	1,114.40	1,108.10	1,147.00	1,143.70	1,143.90
Minority Interest	1,154.40	1,128.20	1,352.40	1,312.50	1,293.90
Other Liabilities, Total	1,314.10	1,363.70	1,232.00	1,294.70	1,347.10
Total Liabilities	8,117.30	8,942.20	8,960.00	8,899.30	8,753.30
Redeemable Preferred Stock, Total	731.30	-	-	-	-
Preferred Stock - Non Redeemable, Net	-	-	-	-	-
Common Stock, Total	19.80	18.50	18.50	18.50	18.50
Additional Paid-In Capital	2,020.90	1,774.70	1,766.20	1,759.60	1,755.10
Retained Earnings (Accumulated Deficit)	3,291.70	3,217.70	4,925.70	4,929.40	4,760.30
Treasury Stock - Common	-307.70	-322.60	-322.60	-322.60	-323.00
Other Equity, Total	-56.10	-57.70	-51.00	-89.90	-70.90
Total Equity	5,704.60	4,632.70	6,336.80	6,295.00	6,140.00
Total Liabilities & Shareholders' Equity	13,821.90	13,574.90	15,296.80	15,194.30	14,893.30
Shares Outs - Common Stock Primary Issue	-	-	-	-	-
Total Common Shares Outstanding	153.10	142.50	142.49	142.49	142.49

In Millions of USD (except for per share items)	As of 2012-12-31	As of 2011-12-31	As of 2010-12-31	As of 2009-12-31
Cash & Equivalents	195.20	519.30	1,566.70	502.70
Short Term Investments	-	-	-	-
Cash and Short Term Investments	195.20	519.30	1,566.70	502.70
Accounts Receivable - Trade, Net	329.00	287.90	359.10	103.50
Receivables - Other	-	-	-	-
Total Receivables, Net	329.00	287.90	359.10	103.50
Total Inventory	725.60	673.80	417.30	375.20
Prepaid Expenses	-	-	-	-
Other Current Assets, Total	400.20	430.20	240.60	179.80
Total Current Assets	1,650.00	1,911.20	2,583.70	1,161.20
Property/Plant/Equipment, Total - Gross	13,044.70	11,695.60	4,936.90	3,258.10
Accumulated Depreciation, Total	-1,837.40	-1,291.50	-957.70	-665.50
Goodwill, Net	167.40	1,152.10	196.50	74.60
Intangibles, Net	129.00	147.00	175.80	114.80
Long Term Investments	135.80	526.60	600.70	403.20
Other Long Term Assets, Total	285.40	400.70	186.20	243.10
Total Assets	13,574.90	14,541.70	7,778.20	4,639.30
Accounts Payable	555.50	364.70	266.50	178.90
Accrued Expenses	442.60	384.80	266.60	155.80
Notes Payable/Short Term Debt	0.00	0.00	0.00	0.00
Current Port. of LT Debt/Capital Leases	94.10	74.80	0.00	-
Other Current liabilities, Total	289.30	677.80	495.60	235.70
Total Current Liabilities	1,381.50	1,502.10	1,028.70	570.40
Long Term Debt	3,960.70	3,608.70	1,713.10	525.00
Capital Lease Obligations	-	-	-	-
Total Long Term Debt	3,960.70	3,608.70	1,713.10	525.00
Total Debt	4,054.80	3,683.50	1,713.10	525.00
Deferred Income Tax	1,108.10	1,062.40	63.70	70.80
Minority Interest	1,128.20	1,254.70	-7.20	-5.80
Other Liabilities, Total	1,363.70	1,328.80	1,134.00	936.10
Total Liabilities	8,942.20	8,756.70	3,932.30	2,096.50
Redeemable Preferred Stock, Total	-	-	-	0.00
Preferred Stock - Non Redeemable, Net	-	-	-	-
Common Stock, Total	18.50	18.50	17.30	16.80
Additional Paid-In Capital	1,774.70	1,770.80	896.30	695.40
Retained Earnings (Accumulated Deficit)	3,217.70	4,424.30	2,924.10	1,973.10
Treasury Stock - Common	-322.60	-336.00	-37.70	-19.90
Other Equity, Total	-57.70	-95.20	45.90	-122.60
Total Equity	4,632.70	5,785.00	3,845.90	2,542.80
Total Liabilities & Shareholders' Equity	13,574.90	14,541.70	7,778.20	4,639.30
Shares Outs - Common Stock Primary Issue	-	-	-	-
Total Common Shares Outstanding	142.50	142.02	135.46	130.97

In Millions of USD (except for per share items)	3 months ending 2013-03-31	12 months ending 2012-12-31	9 months ending 2012-09-30	6 months ending 2012-06-30	3 months ending 2012-03-31
Net Income/Starting Line	120.80	-1,126.60	744.20	665.70	391.40
Depreciation/Depletion	140.60	525.80	382.30	249.40	117.30
Amortization	-	-	-	-	-
Deferred Taxes	-46.30	127.00	-352.50	-259.20	-248.50
Non-Cash Items	-10.00	1,389.30	-57.20	-47.50	-56.80
Changes in Working Capital	-230.50	-401.00	-441.30	-641.20	-332.40
Cash from Operating Activities	-25.40	514.50	275.50	-32.80	-129.00
Capital Expenditures	-230.40	-1,127.50	-793.60	-517.00	-241.10
Other Investing Cash Flow Items, Total	2.00	165.70	8.90	-3.90	-10.90
Cash from Investing Activities	-228.40	-961.80	-784.70	-520.90	-252.00
Financing Cash Flow Items	-4.10	54.60	44.90	20.40	31.00
Total Cash Dividends Paid	-22.90	-307.20	-217.80	-128.80	-39.70
Issuance (Retirement) of Stock, Net	995.00	0.00	0.00	0.00	0.00
Issuance (Retirement) of Debt, Net	-622.10	372.20	200.10	300.00	-12.50
Cash from Financing Activities	345.90	119.60	27.20	191.60	-21.20
Foreign Exchange Effects	-0.10	1.30	-0.10	-0.30	2.90
Net Change in Cash	92.00	-326.40	-482.10	-362.40	-399.30
Cash Interest Paid, Supplemental	-	207.50	-	-	-
Cash Taxes Paid, Supplemental	-	443.20	-	-	-

In Millions of USD (except for per share items)	12 months ending 2012-12-31	12 months ending 2011-12-31	12 months ending 2010-12-31	12 months ending 2009-12-31
Net Income/Starting Line	-1,126.60	1,812.60	1,019.90	205.10
Depreciation/Depletion	525.80	426.90	322.30	236.60
Amortization	-	-	-	-
Deferred Taxes	127.00	-66.60	15.20	60.80
Non-Cash Items	1,389.30	-215.60	16.30	-159.30
Changes in Working Capital	-401.00	331.50	-53.70	-157.50
Cash from Operating Activities	514.50	2,288.80	1,320.00	185.70
Capital Expenditures	-1,127.50	-880.70	-266.90	-116.30
Other Investing Cash Flow Items, Total	165.70	-4,423.70	-1,100.80	-63.00
Cash from Investing Activities	-961.80	-5,304.40	-1,367.70	-179.30
Financing Cash Flow Items	54.60	-392.60	-31.60	-4.70
Total Cash Dividends Paid	-307.20	-118.90	-68.90	-31.90
Issuance (Retirement) of Stock, Net	0.00	853.70	0.00	347.30
Issuance (Retirement) of Debt, Net	372.20	1,632.90	1,188.10	-6.40
Cash from Financing Activities	119.60	1,975.10	1,087.60	304.30
Foreign Exchange Effects	1.30	-4.60	24.10	13.00
Net Change in Cash	-326.40	-1,045.10	1,064.00	323.70
Cash Interest Paid, Supplemental	207.50	175.10	34.20	25.30
Cash Taxes Paid, Supplemental	443.20	275.30	208.30	64.80