Leucadia National Corporation Announces Six Month 2012 Results

Leucadia National Corporation (NYSE:LUK) today announced its operating results for the six month period ended June 30, 2012. Net income attributable to Leucadia National Corporation common shareholders for the six month periods ended June 30, 2012 and 2011 was $293,626,000 ($1.18 per diluted common share) and $196,816,000 ($.80 per diluted common share), respectively.

For more information on the Company’s results of operations for the first half of 2012, please see the Company’s Form 10-Q for the six months ended June 30, 2012, which was filed with the Securities and Exchange Commission today.

SUMMARY FOR LEUCADIA NATIONAL CORPORATION AND SUBSIDIARIES (In thousands, except per share amounts) (Unaudited)
			For the Three Month										For the Six Month
			Period Ended June 30,										Period Ended June 30,
				2012					2011					2012					2011
Revenues and other income			$	2,141,645				$	753,441				$	4,565,933				$	1,037,475
Net securities gains			$	2,526				$	529,637				$	427,462				$	531,940
Income from continuing operations before income taxes and income (losses) related to associated companies
			$	71,592				$	519,192				$	430,037				$	598,722
Income taxes				33,945					190,108					167,462					229,161
Income from continuing operations before income (losses) related to associated companies
				37,647					329,084					262,575					369,561
Income (losses) related to associated companies, net of taxes				(226,320	)				(145,796	)				36,219					(173,844	)
Income (loss) from continuing operations				(188,673	)				183,288					298,794					195,717
Income from discontinued operations, including gain on
disposal, net of taxes				905					3,170					673					1,527
Net income (loss)				(187,768	)				186,458					299,467					197,244
Net (income) loss attributable to the noncontrolling interest				297					(149	)				95					(428	)
Net (income) attributable to the redeemable
noncontrolling interests				(9,780	)				–					(5,936	)				–
Net income (loss) attributable to
Leucadia National Corporation common shareholders			$	(197,251	)			$	186,309				$	293,626				$	196,816
Basic earnings (loss) per common share attributable to
Leucadia National Corporation common shareholders:
Income (loss) from continuing operations			$	(.81	)			$	.75				$	1.20				$	.80
Income from discontinued operations, including
gain on disposal				–					.01					–					.01
Net income (loss)			$	(.81	)			$	.76				$	1.20				$	.81
Number of shares in calculation				244,583					244,521					244,583					244,290
Diluted earnings (loss) per common share attributable to Leucadia National Corporation common shareholders:
Income (loss) from continuing operations			$	(.81	)			$	.74				$	1.18				$	.79
Income from discontinued operations, including
gain on disposal				–					.01					–					.01
Net income (loss)			$	(.81	)			$	.75				$	1.18				$	.80
Number of shares in calculation				244,583					249,026					248,910					248,971

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