<TABLE>
<CAPTION>
11-YEAR SUMMARY OF FINANCIAL AND OTHER STATISTICAL DATA Exhibit 13(j)
Cleveland-Cliffs Inc and Consolidated Subsidiaries
1993 1992 1991 1990
-----------------------------------------------------------------------------------------------------------------------------
FINANCIAL
(In Millions Except Per Share Amounts)
<S> <C> <C> <C> <C>
For The Year
Net Income (Loss):
Continuing Operations (a) $ 54.6 $ (7.9) $ 53.8 $ 73.8
Discontinued Operations - - - -
----------------------------------------------
Total 54.6 (7.9) 53.8 73.8
Net Income (Loss) Per Common Share:
Continuing Operations (a) 4.55 (.66) 4.55 6.31
Discontinued Operations - - - -
----------------------------------------------
Total 4.55 (.66) 4.55 6.31
Cash Flow (Deficit) From Continuing Operations (22.8) 26.3 92.1 22.6
Revenues From Continuing Operations 355.9 327.0 363.3 400.2
Cash Dividends:
Per Common Share 2.20 1.18 5.03 .80
Per Preferred Share - - - -
Non-Cash Dividends:
Per Common Share 1.70 (b) - - -
Capital Expenditures (c) 5.0 5.2 7.3 11.2
At Year-End
Working Capital 186.0 188.9 139.7 169.8
Total Assets 545.4 537.2 478.7 510.9
Long-Term Debt:
Consolidated 75.0 75.1 41.2 53.0
Effectively Serviced (c) 88.6 92.1 65.0 82.4
Shareholders' Equity 280.7 269.6 290.8 290.8
Book Value Per Common Share 23.27 22.47 24.40 24.88
<FN>
(a) Results have been affected by non-recurring items including net bankruptcy recoveries of $23.2
million and $47.1 million in 1993 and 1990, respectively, and a $38.7 million after-tax charge for
accounting changes in 1992. See Management's Discussion and Analysis.
(b) Non-cash distribution of 1.5 million shares ($20.4 million) of LTV Corporation common stock.
(c) Includes the Company's share of associated companies.
----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<S> <C> <C> <C> <C>
OPERATIONS
Iron Ore Production From Mines Managed by Cliffs
(Millions of Gross Tons)
United States 27.8 28.4 27.6 25.5
Canada 4.5 4.5 4.5 6.2
Australia 1.5 1.5 1.3 2.2
----------------------------------------------
Total 33.8 34.4 33.4 33.9
- -------------------------------------------------------------------------------------------------------------------------------
OTHER INFORMATION
Common Shares Outstanding (Millions):
Average For Year 12.0 12.0 11.8 11.7
At Year-End 12.1 12.0 11.9 11.7
Common Shares Sales Price Range:
High $ 37 1/2 $ 40 3/8 $ 36 1/2 $ 35
Low 28 3/4 29 1/2 25 19 5/8
Employees At Year-End (d) 5,973 6,388 6,500 6,695
<FN>
(d) Includes employees of managed mining ventures.
At December 31, 1993, the Company had 3,722 record holders of its common shares.
</TABLE>
64
<TABLE>
<CAPTION>
1989 1988 1987 1986 1985 1984 1983
- ------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
$ 62.5 $ 42.6 $ 30.2 $ (19.0) $ 28.3 $ 24.8 $ 4.8
(1.9) (3.4) (17.5) (22.7) (11.1) (0.7) .1
- ------------------------------------------------------------------------------
60.6 39.2 12.7 (41.7) 17.2 24.1 4.9
5.37 3.12 1.88 (1.94) 2.13 2.00 .39
(.17) (.26) (1.31) (1.82) (.90) (.06) -
- ------------------------------------------------------------------------------
5.20 2.86 .57 (3.76) 1.23 1.94 .39
79.8 56.1 21.1 9.1 39.7 39.3 25.7
372.4 317.5 412.0 241.0 267.9 321.3 259.8
.40 - - .35 1.00 1.00 1.00
- 2.00 2.00 2.00 .68 - -
- .79 - - - - -
14.6 8.4 2.0 3.4 4.4 10.5 4.2
104.7 45.0 220.3 110.0 114.0 77.3 72.0
415.2 390.6 665.6 527.2 511.7 481.5 500.7
71.3 119.6 153.5 80.5 35.4 50.0 62.4
93.4 145.7 183.5 305.3 200.9 234.9 297.4
226.0 168.6 395.4 325.5 363.9 316.7 307.1
19.36 14.53 21.02 22.16 25.24 25.52 24.77
- ------------------------------------------------------------------------------
31.0 31.1 27.1 10.6 12.5 12.9 9.3
8.3 7.9 7.2 2.0 2.1 2.1 1.6
2.3 2.4 2.0 - 14.7 15.3 13.1
- ------------------------------------------------------------------------------
41.6 41.4 36.3 12.6 29.3 30.3 24.0
- ------------------------------------------------------------------------------
11.6 13.2 13.4 12.4 12.4 12.4 12.4
11.7 11.6 16.4 12.4 12.4 12.4 12.4
$ 34 $ 28 $ 21 3/8 $ 19 3/8 $ 22 1/4 $ 26 $ 25 1/4
25 3/4 14 1/4 9 1/4 6 16 5/8 17 18 1/8
7,522 7,638 8,328 8,972 6,387 7,248 7,203
</TABLE>
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