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Equity (Tables)
12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Schedule of Earnings Per Share

Net income (loss) per common share for all periods presented was determined in accordance with FASB ASC 260, “Earnings Per Share” (“ASC 260”), by dividing income (loss) available to shareholders by the weighted average number of shares outstanding during the three years ended December 31:

 

     2013     2012     2011  

Net (loss) income from continuing operations

     (1,564,396     (1,059,046     831,473   

Less: Net income from continuing operations attributable to noncontrolling interests

     (5,543     (23,510     (76,252

Dividends paid on preferred stock

     (127     (79,056     (78,281
  

 

 

   

 

 

   

 

 

 

Net (loss) income from continuing operations attributable to common shareholders of Mechel OAO

     (1,570,066     (1,161,612     676,940   

Total weighted average number of shares outstanding during the period

     416,270,745        416,270,745        416,270,745   
  

 

 

   

 

 

   

 

 

 

(Loss) earnings per share from continuing operations (in U.S. dollars)

     (3.77     (2.79     1.63   
  

 

 

   

 

 

   

 

 

 

 

     2013     2012     2011  

Net loss from discontinued operations

     (1,358,571     (605,839     (28,026

Less: Net loss from discontinued operations attributable to noncontrolling interests

     496        23,827        690   
  

 

 

   

 

 

   

 

 

 

Net loss from discontinued operations attributable to common shareholders of Mechel OAO

     (1,358,075     (582,012     (27,336

Total weighted average number of shares outstanding during the period

     416,270,745        416,270,745        416,270,745   
  

 

 

   

 

 

   

 

 

 

Loss per share effect of discontinued operations (in U.S. dollars)

     (3.26     (1.40     (0.07
  

 

 

   

 

 

   

 

 

 
Schedule of Total Weighted-Average Number of Common Shares Outstanding

The total weighted-average number of common shares outstanding during the period was as follows:

 

Dates outstanding

   Shares
outstanding
     Fraction of
period (days)
     Weighted-average
number of shares
 

2011:

        

Common shares: January 1 — December 31

     416,270,745         365         416,270,745   
  

 

 

       

 

 

 

Total weighted average shares outstanding during the period

     416,270,745            416,270,745   

2012:

        

Common shares: January 1 — December 31

     416,270,745         365         416,270,745   
  

 

 

       

 

 

 

Total weighted average shares outstanding during the period

     416,270,745            416,270,745   

2013:

        

Common shares: January 1 — December 31

     416,270,745         365         416,270,745   
  

 

 

       

 

 

 

Total weighted average shares outstanding during the period

     416,270,745            416,270,745