|
In 2000, Cleveland-Cliffs Inc (“Company”)
had net income of $18.1 million, or $1.73
per share (references to per share earnings
are “diluted earnings per share”)
versus net income for the year 1999 of
$4.8 million, or $.43 per share. Following
is a summary of results for the years
2000, 1999 and 1998:
| |
(In
Millions, except
per share amounts)
|
| |
2000 |
1999 |
1998 |
|
|
|
|
| Net income before
special items |
$10.1 |
$.4 |
$53.9 |
| Special items |
$8.0 |
$4.4 |
$3.5 |
| - Net income |
|
|
|
| -Amount |
$18.1 |
$4.8 |
$57.4 |
| -Per
share (basic) |
$1.74 |
$.43 |
$5.10 |
| -Per
share (diluted) |
$1.73 |
$.43 |
$5.06 |
| Average number
of shares (in thousands) |
|
|
|
| -Basic |
10,393 |
11,076 |
11,248 |
| -Diluted |
10,439 |
11,124 |
11,336 |
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