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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