 |
|
2003 |
2002 |
 |
| Financial (In Millions Except Per Share Amounts) |
|
|
|
| For the Year: |
|
|
| |
Revenues from Iron Ore Sales and Services |
$825.1 |
$586.4 |
| |
Sales Margin (Loss): |
|
|
| |
Total |
(9.9) |
3.7 |
| |
Excluding Costs of Production Curtailments |
1.2 |
24.3 |
| |
(Loss) from Continuing Operations |
(34.9) |
(66.4) |
| |
(Loss) from Discontinued Operation |
|
(108.5) |
| |
Extraordinary Gain |
2.2 |
|
| |
Cumulative Effect of Accounting Changes |
|
(13.4) |
 |
| |
Net (Loss): |
|
|
| |
Amount |
(32.7) |
(188.3) |
| |
Per Share |
(3.19) |
(18.62) |
|
|
| |
At December 31: |
|
|
| |
Cash and Cash Equivalents |
67.8 |
61.8 |
| |
Less Debt |
(25.0) |
(55.0) |
|
| |
Net Cash |
42.8 |
6.8 |
|
|
| |
Shareholders' Equity |
228.1 |
79.3 |
| |
Per Common Share: |
|
|
| |
Book Value |
21.73 |
7.84 |
| |
Market Value
|
50.95 |
19.85 |
|
Iron Ore Sales and Production
(Millions of Gross Tons) |
|
|
|
| Cliffs' Sales |
19.2 |
14.7 |
| Production At Cliffs' Mines: |
|
|
| |
Cliffs' Share |
18.1 |
14.7 |
| |
Partners' Share |
12.2 |
13.2 |
|
| |
Total Production |
30.3 |
27.9 |
|
|
