2014 Q4 Form 10-Q Financial Statement

#000076406514000198 Filed on November 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $1.030B $979.7M $1.547B
YoY Change -32.03% -36.65% 0.11%
Cost Of Revenue $774.3M $723.5M $1.198B
YoY Change -184.68% -39.6% -11.04%
Gross Profit $256.0M $256.2M $348.7M
YoY Change -13.07% -26.53% 75.84%
Gross Profit Margin 24.85% 26.15% 22.55%
Selling, General & Admin $23.60M $49.70M $70.60M
YoY Change -675.61% -29.6% 10.49%
% of Gross Profit 9.22% 19.4% 20.25%
Research & Development $10.60M
YoY Change -76.75%
% of Gross Profit 3.04%
Depreciation & Amortization $73.60M $70.10M $153.1M
YoY Change -52.61% -54.21% 15.2%
% of Gross Profit 28.75% 27.36% 43.91%
Operating Expenses $4.700M $399.0M $124.7M
YoY Change -104.88% 219.97% 2.21%
Operating Profit $251.3M -$142.8M $224.0M
YoY Change -35.71% -163.75% 193.58%
Interest Expense -$48.40M -$20.00M -$44.70M
YoY Change -6.74% -55.26% -194.7%
% of Operating Profit -19.26% -19.96%
Other Income/Expense, Net $600.0K -$38.10M -$45.90M
YoY Change -700.0% -16.99% 4.56%
Pretax Income -$37.20M -$180.9M $178.1M
YoY Change -105.52% -201.57% 449.69%
Income Tax -$207.3M $84.10M $65.70M
% Of Pretax Income 36.89%
Net Earnings -$1.285B -$60.30M $117.2M
YoY Change -3068.13% -151.45% 37.72%
Net Earnings / Revenue -124.74% -6.15% 7.58%
Basic Earnings Per Share -$8.48 -$38.49 $0.68
Diluted Earnings Per Share -$7.19 -$38.49 $0.66
COMMON SHARES
Basic Shares Outstanding 153.2M shares 153.1M shares 153.0M shares
Diluted Shares Outstanding 153.1M shares 178.5M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $271.0M $244.0M $299.0M
YoY Change -19.35% -18.39% 730.56%
Cash & Equivalents $271.3M $244.0M $298.8M
Short-Term Investments
Other Short-Term Assets $107.7M $206.1M $310.6M
YoY Change -60.55% -33.64% -3.57%
Inventory $260.1M $516.7M $438.4M
Prepaid Expenses
Receivables $122.7M $166.2M $291.7M
Other Receivables $218.0M $26.00M $0.00
Total Short-Term Assets $1.425B $1.361B $1.670B
YoY Change -8.63% -18.51% 0.25%
LONG-TERM ASSETS
Property, Plant & Equipment $1.071B $3.208B $11.35B
YoY Change -42.78% -71.75% 2.94%
Goodwill $2.000M $2.000M $158.6M
YoY Change -97.32% -98.74% -86.41%
Intangibles $110.8M
YoY Change -17.19%
Long-Term Investments $4.100M $32.50M $71.50M
YoY Change -86.69% -54.55% -85.36%
Other Assets $92.90M $242.7M $196.1M
YoY Change -74.69% 23.76% 15.08%
Total Long-Term Assets $1.722B $3.451B $11.90B
YoY Change -85.08% -71.0% -12.72%
TOTAL ASSETS
Total Short-Term Assets $1.425B $1.361B $1.670B
Total Long-Term Assets $1.722B $3.451B $11.90B
Total Assets $3.147B $4.811B $13.57B
YoY Change -75.98% -64.54% -11.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $166.1M $295.8M $350.8M
YoY Change -51.92% -15.68% -16.89%
Accrued Expenses $99.40M $325.5M $404.7M
YoY Change -51.84% -19.57% -16.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $234.7M $7.900M
YoY Change -100.0% 2870.89% -97.86%
Total Short-Term Liabilities $954.5M $1.118B $1.061B
YoY Change -12.07% 5.45% -38.14%
LONG-TERM LIABILITIES
Long-Term Debt $2.827B $3.013B $3.320B
YoY Change -6.49% -9.25% -5.54%
Other Long-Term Liabilities $239.1M $296.3M $395.9M
YoY Change -36.96% -25.16% 24.26%
Total Long-Term Liabilities $3.066B $3.309B $3.716B
YoY Change -9.89% -10.95% -3.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $954.5M $1.118B $1.061B
Total Long-Term Liabilities $3.066B $3.309B $3.716B
Total Liabilities $4.882B $4.989B $6.632B
YoY Change -21.74% -24.78% -12.82%
SHAREHOLDERS EQUITY
Retained Earnings -$3.961B -$2.640B $3.483B
YoY Change -216.24% -175.78% -29.28%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $285.7M $291.6M $306.1M
YoY Change -6.48% -4.74% -5.11%
Treasury Stock Shares 6.299M shares 6.384M shares 6.421M shares
Shareholders Equity -$1.431B $30.70M $5.780B
YoY Change
Total Liabilities & Shareholders Equity $3.147B $4.811B $13.57B
YoY Change -76.02% -64.54% -11.31%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$1.285B -$60.30M $117.2M
YoY Change -3068.13% -151.45% 37.72%
Depreciation, Depletion And Amortization $73.60M $70.10M $153.1M
YoY Change -52.61% -54.21% 15.2%
Cash From Operating Activities $254.9M $227.9M $297.0M
YoY Change -44.59% -23.27% -3.67%
INVESTING ACTIVITIES
Capital Expenditures -$50.90M -$68.90M -$241.0M
YoY Change -57.37% -71.41% -12.87%
Acquisitions
YoY Change
Other Investing Activities $155.2M $9.300M $6.900M
YoY Change 265.18% 34.78% -46.09%
Cash From Investing Activities $104.3M -$59.60M -$234.1M
YoY Change -235.63% -74.54% -11.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -305.7M -273.3M -31.30M
YoY Change -8.45% 773.16% -80.96%
NET CHANGE
Cash From Operating Activities 254.9M 227.9M 297.0M
Cash From Investing Activities 104.3M -59.60M -234.1M
Cash From Financing Activities -305.7M -273.3M -31.30M
Net Change In Cash 53.50M -105.0M 31.60M
YoY Change 8.74% -432.28% -126.36%
FREE CASH FLOW
Cash From Operating Activities $254.9M $227.9M $297.0M
Capital Expenditures -$50.90M -$68.90M -$241.0M
Free Cash Flow $305.8M $296.8M $538.0M
YoY Change -47.22% -44.83% -8.02%

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CY2014Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
40700000 USD
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
39300000 USD
CY2014Q3 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
600000 USD
CY2013Q3 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-16200000 USD
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-12000000 USD
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-18800000 USD
CY2014Q3 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-20000000 USD
CY2013Q3 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
12100000 USD
us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-35100000 USD
us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-12600000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
98000000 USD
CY2013Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
75500000 USD
CY2014Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
59500000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
103900000 USD
CY2013Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
12400000 USD
CY2014Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
23300000 USD
CY2014Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.00
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.00
CY2013Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.01
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0.01
CY2013Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.01
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.01
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.00
CY2014Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0.00
CY2013Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
12900000 USD
us-gaap Dividends Preferred Stock
DividendsPreferredStock
38400000 USD
us-gaap Dividends Preferred Stock
DividendsPreferredStock
35900000 USD
CY2014Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
12800000 USD
us-gaap Dividends Stock
DividendsStock
107900000 USD
us-gaap Dividends Stock
DividendsStock
104700000 USD
CY2014Q3 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
103400000 USD
CY2013Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
132000000 USD
CY2014Q3 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
27200000 USD
CY2013Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
25100000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.21
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-38.49
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-39.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-39.05
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-38.49
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.14
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-5000000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-9900000 USD
CY2014Q3 us-gaap Equity Method Investments
EquityMethodInvestments
32500000 USD
CY2013Q4 us-gaap Equity Method Investments
EquityMethodInvestments
30800000 USD
us-gaap Exploration Expense Mining
ExplorationExpenseMining
45900000 USD
CY2014Q3 us-gaap Exploration Expense Mining
ExplorationExpenseMining
1100000 USD
CY2013Q3 us-gaap Exploration Expense Mining
ExplorationExpenseMining
10600000 USD
us-gaap Exploration Expense Mining
ExplorationExpenseMining
8700000 USD
CY2014Q3 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
62600000 USD
us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
118000000 USD
CY2013Q3 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
57600000 USD
us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
124600000 USD
CY2014Q3 us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-3100000 USD
us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-11400000 USD
us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-23300000 USD
CY2013Q3 us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
20600000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0 USD
CY2014Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0 USD
us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
0 USD
CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0 USD
CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
0 USD
CY2014Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-124600000 USD
CY2014Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-62600000 USD
CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-118000000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
129000000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
113700000 USD
CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
36000000 USD
CY2014Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
41100000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0 USD
CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0 USD
CY2014Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0 USD
CY2014Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0 USD
CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0 USD
CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
66700000 USD
CY2014Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
33000000 USD
CY2014Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
54500000 USD
CY2013Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
45100000 USD
CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
58900000 USD
CY2012Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
62400000 USD
CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
20600000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-11400000 USD
CY2014Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-3100000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-23300000 USD
CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
10300000 USD
CY2014Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
11300000 USD
CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
-11400000 USD
CY2014Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
-23300000 USD
CY2013Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
-32000000 USD
CY2012Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
-11300000 USD
CY2014Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
-20200000 USD
CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
-10300000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
89100000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
70900000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
5300000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
5600000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1400000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5300000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
5100000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
5300000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
184500000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
148300000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
95400000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
77400000 USD
CY2013Q4 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
300000 USD
CY2014Q3 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
USD
CY2013Q4 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
26900000 USD
CY2014Q3 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
17400000 USD
CY2013Q4 us-gaap Goodwill
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74500000 USD
CY2012Q4 us-gaap Goodwill
Goodwill
167400000 USD
CY2014Q3 us-gaap Goodwill
Goodwill
2000000 USD
CY2013 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2014Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
-1182200000 USD
CY2013Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
-1108700000 USD
CY2013 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
80900000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
73500000 USD
CY2013 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
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us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
1000000 USD
us-gaap Gross Profit
GrossProfit
854800000 USD
us-gaap Gross Profit
GrossProfit
282700000 USD
CY2013Q3 us-gaap Gross Profit
GrossProfit
348700000 USD
CY2014Q3 us-gaap Gross Profit
GrossProfit
127500000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
368200000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2013Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
115200000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
516900000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-7945900000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
178100000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-6943400000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
374000000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-6887200000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
111900000 USD
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.20
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.67
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-38.49
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.13
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-39.05
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-38.49
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.65
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
2000000 USD
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
2000000 USD
CY2013Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-500000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2014Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-9200000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-9800000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
69000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1012300000 USD
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
65700000 USD
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-921400000 USD
CY2013Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
74100000 USD
CY2014Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
25400000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-22500000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-117800000 USD
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-36200000 USD
us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
-98900000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10800000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
129200000 USD
CY2014Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
227000 shares
CY2013Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
200000 shares
CY2013Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-44700000 USD
CY2014Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-47400000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-134900000 USD
CY2014Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
376200000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-134500000 USD
CY2013Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
256500000 USD
CY2014Q3 us-gaap Inventory Net
InventoryNet
516700000 USD
CY2013Q4 us-gaap Inventory Net
InventoryNet
391400000 USD
CY2014Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
140500000 USD
CY2013Q4 us-gaap Inventory Work In Process Net Of Reserves
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us-gaap Profit Loss
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us-gaap Property Plant And Equipment Additions
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CY2014Q3 us-gaap Stockholders Equity
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us-gaap Tangible Asset Impairment Charges
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CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2014Q3 clf Accumulated Depreciationand Depletion Property Plantand Equipment
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CY2013Q3 clf Adjusted Ebitda
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clf Adjusted Ebitda
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582900000 USD
CY2014Q3 clf Adjusted Ebitda
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clf Adjusted Ebitda
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1045200000 USD
clf Antidilutive Incremental Common Shares Excludedand Attributableto Sharebased Payment Arrangements
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900000 shares
CY2014Q3 clf Antidilutive Incremental Common Shares Excludedand Attributableto Sharebased Payment Arrangements
AntidilutiveIncrementalCommonSharesExcludedandAttributabletoSharebasedPaymentArrangements
500000 shares
clf Asset Impairment Charges Cash Flows
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7773100000 USD
clf Asset Impairment Charges Cash Flows
AssetImpairmentChargesCashFlows
0 USD
clf Below Market Sales Contract Remaining Life
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P3Y
clf Capital Contribution By Noncontrolling Interest
CapitalContributionByNoncontrollingInterest
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clf Capital Expenditures Incurred But Not Yet Paid And Capital Lease Obligations Incurred
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-117100000 USD
clf Capital Expenditures Incurred But Not Yet Paid And Capital Lease Obligations Incurred
CapitalExpendituresIncurredButNotYetPaidAndCapitalLeaseObligationsIncurred
-47200000 USD
clf Depositary Share Interest In Share Of7 Series Mandatory Convertible Preferred Stock Class A
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0.025
CY2014Q3 clf Depositary Shares Dividends Per Share Declared
DepositarySharesDividendsPerShareDeclared
0.44
CY2013Q3 clf Depositary Shares Dividends Per Share Declared
DepositarySharesDividendsPerShareDeclared
0.44
clf Depositary Shares Dividends Per Share Declared
DepositarySharesDividendsPerShareDeclared
1.22
clf Depreciation And Depletion Expense
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423100000 USD
clf Depreciation And Depletion Expense
DepreciationAndDepletionExpense
422100000 USD
CY2013Q3 clf Depreciation And Depletion Expense
DepreciationAndDepletionExpense
148300000 USD
CY2014Q3 clf Depreciation And Depletion Expense
DepreciationAndDepletionExpense
141300000 USD
clf Ebitda
EBITDA
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CY2013Q3 clf Ebitda
EBITDA
377400000 USD
CY2014Q3 clf Ebitda
EBITDA
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clf Ebitda
EBITDA
1017500000 USD
CY2014Q3 clf Environmental Loss Contingency And Mine Reclamation And Closing Liability Current
EnvironmentalLossContingencyAndMineReclamationAndClosingLiabilityCurrent
5300000 USD
CY2013Q4 clf Environmental Loss Contingency And Mine Reclamation And Closing Liability Current
EnvironmentalLossContingencyAndMineReclamationAndClosingLiabilityCurrent
11300000 USD
CY2014Q3 clf Environmental Loss Contingency And Mine Reclamation And Closing Liability Current And Noncurrent
EnvironmentalLossContingencyAndMineReclamationAndClosingLiabilityCurrentAndNoncurrent
310700000 USD
CY2013Q4 clf Environmental Loss Contingency And Mine Reclamation And Closing Liability Current And Noncurrent
EnvironmentalLossContingencyAndMineReclamationAndClosingLiabilityCurrentAndNoncurrent
321000000 USD
CY2014Q3 clf Environmental Loss Contingency And Mine Reclamation And Closing Liability Noncurrent
EnvironmentalLossContingencyAndMineReclamationAndClosingLiabilityNoncurrent
305400000 USD
CY2013Q4 clf Environmental Loss Contingency And Mine Reclamation And Closing Liability Noncurrent
EnvironmentalLossContingencyAndMineReclamationAndClosingLiabilityNoncurrent
309700000 USD
clf Extensionof Arcelor Mittal Contract
ExtensionofArcelorMittalContract
P2Y
clf Future Below Market Sales Contracts Revenue Remainderof Current Year
FutureBelowMarketSalesContractsRevenueRemainderofCurrentYear
7800000 USD
clf Future Below Market Sales Contracts Revenue Within Five Years
FutureBelowMarketSalesContractsRevenueWithinFiveYears
53900000 USD
clf Future Below Market Sales Contracts Revenue Year One
FutureBelowMarketSalesContractsRevenueYearOne
23000000 USD
clf Future Below Market Sales Contracts Revenue Year Two
FutureBelowMarketSalesContractsRevenueYearTwo
23100000 USD
clf Impairment Charges
ImpairmentCharges
7782300000 USD
CY2013 clf Impairment Charges
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318400000 USD
CY2014Q3 clf Long Term Debt Maturities Total
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3259300000 USD
clf Management Estimate Of62 Fe
ManagementEstimateOf62Fe
0.62
CY2014Q3 clf Maximum Impairment Permittedtobe Excludedfrom Net Worth Calculationfor Debt Covenants
MaximumImpairmentPermittedtobeExcludedfromNetWorthCalculationforDebtCovenants
1000000000 USD
CY2014Q3 clf Mine Reclamation And Closing Liability Current And Noncurrent
MineReclamationAndClosingLiabilityCurrentAndNoncurrent
305100000 USD
CY2013Q4 clf Mine Reclamation And Closing Liability Current And Noncurrent
MineReclamationAndClosingLiabilityCurrentAndNoncurrent
312600000 USD
CY2013Q3 clf Percentage Of Related Party Revenue
PercentageOfRelatedPartyRevenue
0.313
CY2014Q3 clf Percentage Of Related Party Revenue
PercentageOfRelatedPartyRevenue
0.328
clf Percentage Of Related Party Revenue
PercentageOfRelatedPartyRevenue
0.308
clf Percentage Of Related Party Revenue
PercentageOfRelatedPartyRevenue
0.303
clf Percentage Of Segment Revenue
PercentageOfSegmentRevenue
1.00
CY2014Q3 clf Percentage Of Segment Revenue
PercentageOfSegmentRevenue
1.00
clf Percentage Of Segment Revenue
PercentageOfSegmentRevenue
1.00
CY2013Q3 clf Percentage Of Segment Revenue
PercentageOfSegmentRevenue
1.00
CY2014Q3 clf Preferred Shares Issued And Outstanding Value
PreferredSharesIssuedAndOutstandingValue
731300000 USD
CY2013Q4 clf Preferred Shares Issued And Outstanding Value
PreferredSharesIssuedAndOutstandingValue
731300000 USD
clf Tax Benefitof Income Not Subjectto Tax
TaxBenefitofIncomeNotSubjecttoTax
-48400000 USD
CY2014Q3 clf Total Amortization Expense Finite Lived Intangible Assets
TotalAmortizationExpenseFiniteLivedIntangibleAssets
28000000 USD
clf Trading Day Window Determining Number Of Common Shares Issuable On Conversion
TradingDayWindowDeterminingNumberOfCommonSharesIssuableOnConversion
20
clf Undistributed Earnings Losses Related To Noncontrolling Interests
UndistributedEarningsLossesRelatedToNoncontrollingInterests
20000000 USD
clf Weighted Average Number Of Shares Oustanding Depositary
WeightedAverageNumberOfSharesOustandingDepositary
0 shares
clf Weighted Average Number Of Shares Oustanding Depositary
WeightedAverageNumberOfSharesOustandingDepositary
21109000 shares
CY2013Q3 clf Weighted Average Number Of Shares Oustanding Depositary
WeightedAverageNumberOfSharesOustandingDepositary
25230000 shares
CY2014Q3 clf Weighted Average Number Of Shares Oustanding Depositary
WeightedAverageNumberOfSharesOustandingDepositary
0 shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000764065
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
153195289 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
CLIFFS NATURAL RESOURCES INC.
dei Trading Symbol
TradingSymbol
clf

Files In Submission

Name View Source Status
0000764065-14-000198-index-headers.html Edgar Link pending
0000764065-14-000198-index.html Edgar Link pending
0000764065-14-000198.txt Edgar Link pending
0000764065-14-000198-xbrl.zip Edgar Link pending
clf-20140930.xml Edgar Link completed
clf-20140930.xsd Edgar Link pending
clf-20140930_cal.xml Edgar Link unprocessable
clf-20140930_def.xml Edgar Link unprocessable
clf-20140930_lab.xml Edgar Link unprocessable
clf-20140930_pre.xml Edgar Link unprocessable
clf-201493010xq.htm Edgar Link pending
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