Cliffs Natural Resources Inc.

(NYSE:CLF)

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Quarterly Data
Annual Data
Note: All numbers in thousands

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Assets
Current Assets
Cash & Equivalents	388,300	320,400	186,500	157,100
Restricted Cash	—	—	—	—
Marketable Securities	—	—	—	—
Accounts Receivable	137,800	291,900	92,500	84,900
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	137,800	291,900	92,500	84,900
Raw Materials	—	—	—	—
Work in Progress	—	105,700	104,600	89,100
Purchased Components	—	—	—	—
Finished Goods	—	361,100	285,200	152,800
Other Inventories	413,900	81,600	75,200	77,000
Inventories Adjustments and Allowances	—	—	—	—
Inventories	413,900	548,400	465,000	318,900
Prepaid Expenses	—	—	—	—
Current Deferred Income Taxes	140,200	—	24,400	19,700
Other Current Assets	132,000	282,400	192,900	174,000
Total Current Assets	1,212,200	1,443,100	961,300	754,600
Land and Improvements	—	—	—	10,100
Building and Improvements	—	—	—	57,300
Machinery Furniture and Equipment	—	—	—	699,100
Construction in Progress	—	—	—	123,200
Other Fixed Assets	2,948,800	2,422,200	2,205,200	1,265,100
Total Fixed Assets	2,948,800	2,422,200	2,205,200	2,154,800
Gross Fixed Assets	2,948,800	2,422,200	2,205,200	2,154,800
Accumulated Depreciation and Depletion	429,900	330,900	330,900	330,900
Net Fixed Assets	2,518,900	2,091,300	1,874,300	1,823,900
Intangibles	91,500	—	—	—
Cost in Excess	21,300	—	—	—
Non Current Deferred Income Taxes	—	42,200	40,400	42,100
Other Non Current Assets	465,300	470,300	425,000	455,200
Total Non Current Assets	3,097,000	2,603,800	2,339,700	2,321,200
Total Assets	4,309,200	4,046,900	3,301,000	3,075,800
Liabilities
Current Liabilities
Accounts Payable	—	172,500	148,500	149,900
Notes Payable	—	—	—	—
Short Term Debt	—	—	—	—
Accrued Expenses	—	71,200	54,800	50,100
Accrued Liabilities	—	67,700	59,300	73,200
Deferred Revenues	—	9,000	14,800	28,400
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	—	194,900	107,200	98,000
Total Current Liabilities	1,143,800	515,300	384,600	399,600
Non Current Liabilities
Long Term Debt	525,000	685,000	600,000	440,000
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	198,400	238,500	193,700	189,000
Other Non Current Liabilities	684,300	757,200	632,400	631,000
Minority Interest Liabilities	69,200	187,100	133,000	117,800
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	3,165,200	2,402,700	2,054,400	1,912,100
Total Liabilities	3,165,200	1,887,400	1,669,800	1,512,500
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	1,688,300	1,644,200	1,246,600	1,163,700
Common Par	—	16,800	16,800	16,800
Additional Paid in Capital	—	149,600	122,400	116,600
Cumulative Translation Adjustment	—	—	—	96,500
Retained Earnings	—	1,589,500	1,324,900	1,316,200
Treasury Stock	—	-172,500	-237,700	-255,600
Other Equity Adjustments	1,688,300	60,800	20,200	-126,800
Total Capitalization	2,213,300	2,329,200	1,846,600	1,603,700
Cash Flow	—	576,700	374,100	372,000
Working Capital	1,212,200	927,800	576,700	355,000
Free Cash Flow	—	5,600	-163,200	-280,800
Invested Capital	2,213,300	2,329,200	1,846,600	1,603,700
Total Equity	1,688,300	1,644,200	1,246,600	1,163,700
Total Liabilities and Stock Equity	4,853,500	4,046,900	3,301,000	3,075,800

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Assets
Current Assets
Cash & Equivalents	157,100	351,700	192,800	216,900
Restricted Cash	—	—	—	—
Marketable Securities	—	—	9,900	182,700
Accounts Receivable	84,900	28,300	53,700	54,100
Loans Receivable	—	—	—	—
Other Receivable	—	19,600	5,400	3,500
Receivables	84,900	47,900	59,100	57,600
Raw Materials	—	—	—	—
Work in Progress	89,100	50,600	56,700	15,800
Purchased Components	—	—	—	—
Finished Goods	152,800	150,300	119,100	108,200
Other Inventories	77,000	77,500	70,500	59,600
Inventories Adjustments and Allowances	—	—	—	—
Inventories	318,900	278,400	246,300	183,600
Prepaid Expenses	—	—	—	—
Current Deferred Income Taxes	19,700	9,700	12,100	41,500
Other Current Assets	174,000	94,600	115,800	51,500
Total Current Assets	754,600	782,300	636,000	733,800
Land and Improvements	10,100	—	421,800	—
Building and Improvements	57,300	—	—	—
Machinery Furniture and Equipment	699,100	—	557,500	416,500
Construction in Progress	123,200	—	—	—
Other Fixed Assets	1,265,100	1,107,300	—	20,900
Total Fixed Assets	2,154,800	1,107,300	979,300	437,400
Gross Fixed Assets	2,154,800	1,107,300	979,300	437,400
Accumulated Depreciation and Depletion	330,900	222,400	176,500	153,500
Net Fixed Assets	1,823,900	884,900	802,800	283,900
Intangibles	—	—	13,900	12,600
Cost in Excess	—	—	—	—
Non Current Deferred Income Taxes	42,100	107,000	53,800	44,200
Other Non Current Assets	455,200	165,500	240,200	86,600
Total Non Current Assets	2,321,200	1,157,400	1,110,700	427,300
Total Assets	3,075,800	1,939,700	1,746,700	1,161,100
Liabilities
Current Liabilities
Accounts Payable	149,900	139,000	122,900	73,300
Notes Payable	—	—	—	—
Short Term Debt	—	—	—	—
Accrued Expenses	50,100	28,100	28,900	21,700
Accrued Liabilities	73,200	48,000	47,400	41,300
Deferred Revenues	28,400	62,600	—	—
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	98,000	97,200	163,500	120,800
Total Current Liabilities	399,600	374,900	362,700	257,100
Non Current Liabilities
Long Term Debt	440,000	—	—	—
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	189,000	117,900	116,700	—
Other Non Current Liabilities	631,000	443,000	371,500	277,500
Minority Interest Liabilities	117,800	85,800	71,700	30,000
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	1,912,100	1,193,900	1,095,100	737,100
Total Liabilities	1,512,500	819,000	732,400	480,000
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	1,163,700	745,800	651,600	424,000
Common Par	16,800	16,800	16,800	16,800
Additional Paid in Capital	116,600	103,200	93,900	86,300
Cumulative Translation Adjustment	96,500	9,600	—	—
Retained Earnings	1,316,200	1,078,500	824,200	565,300
Treasury Stock	-255,600	-282,800	-164,300	-169,400
Other Equity Adjustments	-126,800	-179,500	-119,000	-75,000
Total Capitalization	1,603,700	745,800	651,600	424,000
Cash Flow	372,000	357,800	319,600	347,600
Working Capital	355,000	407,400	273,300	476,700
Free Cash Flow	-280,800	270,100	394,800	-201,200
Invested Capital	1,603,700	745,800	651,600	424,000
Total Equity	1,163,700	745,800	651,600	424,000
Total Liabilities and Stock Equity	3,075,800	1,939,700	1,746,700	1,161,100