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GuruFocus has detected 3 Warning Signs with Cliffs Natural Resources Inc $CLF.
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Cliffs Natural Resources Inc (NYSE:CLF)
Non-Recurring Items
$167 Mil (TTM As of Dec. 2016)

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Cliffs Natural Resources Inc's non-recurring items for the three months ended in Dec. 2016 was $2 Mil. Its non-recurring items for the trailing twelve months (TTM) ended in Dec. 2016 was $167 Mil.

As of today, Cliffs Natural Resources Inc's share price is $8.52. Cliffs Natural Resources Inc's earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Dec. 2016 was $1.03. Therefore, Cliffs Natural Resources Inc's P/E (NRI) ratio for today is 8.27.


Definition

Non-Recurring Items are the incomes received or expenses incurred by the business that are not from regular operations. Examples of NRI include gains (losses) from plant shutdown, lease-breaking fees, lawsuit, write-offs, write-downs, restructuring costs or sales of an investment, discontinued operations etc.

NRI can impact a company’s reported income drastically.

Cliffs Natural Resources Inc Non-Recurring Items for the trailing twelve months (TTM) ended in Dec. 2016 was 178.9 (Mar. 2016 ) + 3.8 (Jun. 2016 ) + -18.2 (Sep. 2016 ) + 2.2 (Dec. 2016 ) = $167 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

GuruFocus lists a P/E (NRI), which is the price/earnings before NRI. We believe it more accurately reflects the valuation of the company.

Cliffs Natural Resources Inc's P/E (NRI) Ratio for today is calculated as

Cliffs Natural Resources Inc's Share Price of today is $8.52.
Cliffs Natural Resources Inc's Earnings per Share (NRI) for the trailing twelve months (TTM) ended in Dec. 2016 was 0.61 (Mar. 2016 ) + 0.07 (Jun. 2016 ) + -0.11 (Sep. 2016 ) + 0.46 (Dec. 2016 ) = $1.03.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Net Income, P/E (NRI)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Cliffs Natural Resources Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Non Operating Income 2-20989931003-327390167

Cliffs Natural Resources Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Non Operating Income 817313-27901794-182
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