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  

Copyright Business Wire 2010

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