| Address:
|
200 PUBLIC SQUARE
STE. 3300 |
| City: |
CLEVELAND |
|
State: |
OH |
|
Zip Code: |
44114-2315 |
| Telephone: |
216-694-5700 |
|
Description of Business
|
Primary SIC Code:
1000 |
| (As filed with the SEC)
|
|
|
Founded in 1847, Cleveland-Cliffs is an international mining company, the
largest producer of iron ore pellets in North America and a supplier of
metallurgical coal to the global steelmaking industry. The Company operates six
iron ore mines in Michigan, Minnesota and Eastern Canada, and three coking coal
mines in West Virginia and Alabama. Cliffs also owns 80.4 percent of Portman, a
large iron ore mining company in Australia, serving the Asian iron ore markets
with direct-shipping fines and lump ore. In addition, the Company has a 30
percent interest in the Amapá Project, a Brazilian iron ore project, and a 45
percent economic interest in the Sonoma Project, an Australian coking and
thermal coal project.
Strategic Transformation
In recent years, we have undergone a strategic transformation to an
international mining company from our historic business model as a mine manager
for the integrated steel industry in North America. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 12/2009 | 1.63 | 0.088 | 28.28 | | 09/2009 | 1.20 | NA | 26.97 | | 06/2009 | 2.35 | 0.040 | 10.41 | | 03/2009 | 4.53 | NA | 4.01 | | 12/2008 | 4.76 | 0.088 | 5.38 | | 09/2008 | 5.22 | 0.088 | 10.14 | | 06/2008 | 4.16 | NA | 28.65 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2008 |
Leverage |
2008 |
| Net Inc/Comm Equity | 1.50 | Total Liab/Total Assets | 0.57 | | Net Inc/Total Assets | 0.13 | Total Liab/Inv Cap | 0.77 | | Net Inc/Inv Cap | 0.17 | Total Liab/Comm Equity | 6.84 | | Pretax Inc/Net Sales | 0.20 | Interest Coverage Ratio | 19.00 | | Net Inc/Net Sales | 0.14 | Curr Debt/Equity | 0.11 | | Cash Flow/Net Sales | 0.24 | LTD/Equity | 0.32 | | SG&A/NetSales | 0.05 | Total Debt/Equity | 0.43 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 31.67 | Quick Ratio | 0.59 | | Inventory Turnover | 7.15 | Current Ratio | 1.02 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.14 | | Net Sales/Work Cap | 214.83 | Inv/Curr Assets | 0.43 | | Net Sales/PP&E | 1.47 | | |
Income Statement (Millions) |
| |
9/30/2009
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
|
Total Revenues(Net Sales)
|
666.40
|
390.30
|
464.80
|
916.30
|
|
Cost of Goods Sold
|
563.20
|
402.00
|
422.40
|
630.40
|
|
Selling & Admin Exps
|
5.60
|
24.20
|
31.00
|
74.80
|
|
Operating Income
|
80.50
|
-17.30
|
11.40
|
147.30
|
|
Interest Exp
|
10.00
|
10.00
|
9.30
|
12.10
|
|
Pretax Income
|
81.40
|
53.10
|
2.70
|
25.50
|
|
Other Income
|
10.90
|
80.40
|
0.60
|
-109.70
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
58.80
|
45.70
|
-7.60
|
53.90
|
|
Assets
|
9/30/2009
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
|
Cash & Short Term Investments
|
359.90
|
302.10
|
127.50
|
255.90
|
|
Receivables - Total
|
170.60
|
41.90
|
79.60
|
123.30
|
|
Inventories - Total
|
395.20
|
443.60
|
423.00
|
366.60
|
|
Total Current Assets
|
1,016.30
|
949.20
|
792.50
|
861.70
|
|
Net Property, Plant & Equipment
|
2,556.30
|
2,485.40
|
2,382.40
|
2,456.10
|
|
Total Assets
|
4,511.20
|
4,296.40
|
4,025.80
|
4,111.10
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
357.00
|
392.60
|
437.30
|
490.80
|
|
Debt in Current Liabilities
|
29.80
|
NA
|
142.70
|
194.30
|
|
Total Current Liabilities
|
560.00
|
540.40
|
780.60
|
844.90
|
|
Long-Term Debt
|
525.00
|
525.00
|
531.70
|
559.30
|
|
Total Liabilities
|
2,105.50
|
2,031.30
|
2,288.20
|
2,360.40
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
1.20
|
0.40
|
6.40
|
3.30
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
16.80
|
16.80
|
16.80
|
16.80
|
|
Retained Earnings
|
1,876.40
|
1,822.90
|
1,782.70
|
1,799.90
|
|
Treasury Stock
|
-19.90
|
-19.80
|
-112.80
|
-113.80
|
|
Total Stockholders' Equity
|
2,405.70
|
2,265.10
|
1,737.60
|
1,750.50
|
|
Total Liabilities and Stockholders' Equity
|
4,511.20
|
4,296.40
|
4,025.80
|
4,110.90
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2009
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
|
Net Cash Provided by Operating Activities
|
154.90
|
-115.50
|
-44.80
|
271.00
|
|
Net Cash Provided by Investing Activities
|
-69.60
|
-48.80
|
-31.20
|
-422.40
|
|
Net Cash Provided by Financing Activities
|
-2.80
|
333.60
|
-6.50
|
-20.80
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2004 | 1,206.70 | 323.60 | -- | | 12/2005 | 1,739.50 | 277.60 | -- | | 12/2006 | 1,933.40 | 280.10 | -- | | 12/2007 | 2,275.20 | 270.00 | -- | | 12/2008 | 3,609.10 | 515.80 | 4.76 | | Growth Rates | 31.51 | 12.36 | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/09 | 409 | 117,858 | 87.16 |
|
Report Date :
3/1/2010
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