Leucadia National Corporation Announces 2012 Results

Leucadia National Corporation (NYSE: LUK) today announced its operating results for the year ended December 31, 2012. Net income attributable to Leucadia National Corporation common shareholders was $854,466,000 ($3.44 per diluted common share) for 2012 compared to net income of $25,231,000 ($.10 per diluted common share) for 2011.

For more information on the Company’s results of operations for 2012, please see the Company’s Annual Report on Form 10-K for the year ended December 31, 2012, which was filed with the Securities and Exchange Commission today.

SUMMARY FOR LEUCADIA NATIONAL CORPORATION AND SUBSIDIARIES
(In thousands, except per share amounts)
		For the Three Month							For the Year
		Period Ended December 31,							Ended December 31,
		2012			2011				2012				2011
Revenues and other income		$	2,511,140		$	261,599			$	9,193,689			$	1,434,622
Net securities gains		$	8,912		$	102,261			$	590,581			$	641,476
Income from continuing operations before income taxes and
income (losses) related to associated companies		$	391,940		$	66,116			$	966,520			$	677,455
Income taxes			145,473			28,247				376,494				270,316
Income from continuing operations before income (losses)
related to associated companies			246,467			37,869				590,026				407,139
Income (losses) related to associated companies, net of taxes			204,043			76,615				276,279				(394,041	)
Income from continuing operations			450,510			114,484				866,305				13,098
Income (loss) from discontinued operations, including
gain (loss) on disposal, net of taxes			330			4,580				(1,664	)			11,858
Net income			450,840			119,064				864,641				24,956
Net loss attributable to the noncontrolling interest			993			373				2,060				275
Net (income) loss attributable to the redeemable
noncontrolling interests			2,333			–				(12,235	)			–
Net income attributable to
Leucadia National Corporation common shareholders		$	454,166		$	119,437			$	854,466			$	25,231
Basic earnings (loss) per common share attributable to
Leucadia National Corporation common shareholders:
Income from continuing operations		$	1.86		$	.47			$	3.50			$	.05
Income (loss) from discontinued operations, including
gain (loss) on disposal			–			.02				(.01	)			.05
Net income		$	1.86		$	.49			$	3.49			$	.10
Number of shares in calculation			244,583			244,583				244,583				244,425
Diluted earnings (loss) per common share attributable to
Leucadia National Corporation common shareholders:
Income from continuing operations		$	1.83		$	.46			$	3.45			$	.05
Income (loss) from discontinued operations, including
gain (loss) on disposal			–			.02				(.01	)			.05
Net income		$	1.83		$	.48			$	3.44			$	.10
Number of shares in calculation			248,922			248,874				248,914				244,573

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