Cleveland-Cliffs Inc
2000 Annual Report
 
Company Profile
Core Values
Comparative Hightlights
Letter to Our Shareholders
Management's Discussion
Financial Information
Notes to Consolidated Financial Statements
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Investments in Associated Companies
Segment Reporting
Environmental Obligations
Long-Term Debt
Lease Obligations
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Income Taxes
Fair Value of Financial Instruments
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Shareholders' Equity
Earnings Per Share
Non-Recurring Special Items
Commitments & Contingencies
Report of Ernst & Young
Quarterly Results of Operations
Cliffs Managed Mines
Eleven Year Summary
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NOTES  TO CONSOLIDATED FINANCIAL STATEMENTS

Note 12 – Earnings Per Share
The following table summarizes the computation of basic and diluted earnings per share.

  (In Millions, except per share)
  2000 1999 1998
Net income $18.1 $4.8 $57.4
Basic weighted-average shares 10.4 11.1 11.2
Effect of dilutive shares:      
    Stock options / performance shares     .1
Diluted weighted-average shares 10.4 11.1 11.3
Basic earnings per share $1.74 $.43 $5.10
Diluted earnings per share $1.73 $.43 $5.06

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