Leucadia National Corporation Announces Nine Month 2012 Results

Leucadia National Corporation (NYSE: LUK) today announced its operating results for the nine month period ended September 30, 2012. Net income attributable to Leucadia National Corporation common shareholders for the nine month period ended September 30, 2012 was $400,300,000 ($1.62 per diluted common share) compared to net loss attributable to Leucadia National Corporation common shareholders for 2011 of $94,206,000 ($.39 per diluted common share).

For more information on the Company’s results of operations for 2012, please see the Company’s Form 10-Q for the nine months ended September 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 Nine Month

Period Ended September 30,

Period Ended September 30,

2012
   

2011

2012
   

2011
 
Revenues and other income $ 2,187,495   $ 199,751   $ 6,682,549   $ 1,137,023  
 
Net securities gains $ 154,207   $ 7,275   $ 581,669   $ 539,215  
 
Income from continuing operations before income taxes and
income (losses) related to associated companies $ 142,136 $ 16,720 $ 574,580 $ 611,339
 
Income taxes   61,208     13,723     231,021     242,069  
 
Income from continuing operations before income (losses)
related to associated companies 80,928 2,997 343,559 369,270
 
Income (losses) related to associated companies, net of taxes   36,017     (296,812 )   72,236     (470,656 )
 
Income (loss) from continuing operations 116,945 (293,815 ) 415,795 (101,386 )
 
Income from discontinued operations, net of taxes 2,015 1,690 2,632 5,581
 
Gain (loss) on disposal of discontinued operations, net of taxes   (4,626 )   773     (4,626 )   1,697  
 
Net income (loss) 114,334 (291,352 ) 413,801 (94,108 )
 
Net (income) loss attributable to the noncontrolling interest 972 330 1,067 (98 )
 
Net (income) attributable to the redeemable
noncontrolling interests   (8,632 )       (14,568 )    
 
Net income (loss) attributable to
Leucadia National Corporation common shareholders $ 106,674   $ (291,022 ) $ 400,300   $ (94,206 )
 
Basic earnings (loss) per common share attributable to
Leucadia National Corporation common shareholders:
Income (loss) from continuing operations $ .45 $ (1.20 ) $ 1.64 $ (.42 )
Income from discontinued operations .01 .01 .01 .02
Gain (loss) on disposal of discontinued operations   (.02 )       (.01 )   .01  
Net income (loss) $ .44   $ (1.19 ) $ 1.64   $ (.39 )
 
Number of shares in calculation   244,583     244,580     244,583     244,378  
 
Diluted earnings (loss) per common share attributable to
Leucadia National Corporation common shareholders:
Income (loss) from continuing operations $ .44 $ (1.20 ) $ 1.62 $ (.42 )
Income from discontinued operations .01 .01 .01 .02
Gain (loss) on disposal of discontinued operations   (.02 )       (.01 )   .01  

Net income (loss)
$ .43   $ (1.19 ) $ 1.62   $ (.39 )
 
Number of shares in calculation   248,910     244,580     248,910     244,378  
 
 

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