Leucadia National Corporation Announces Nine Month 2013 Results

Leucadia National Corporation (NYSE:LUK) today announced its operating results for the nine month period ended September 30, 2013. Net income attributable to Leucadia National Corporation common shareholders for the nine month periods ended September 30, 2013 and 2012 was $360,686,000 ($1.06 per diluted common share) and $400,300,000 ($1.62 per diluted common share), respectively. These results reflect the inclusion of the operations of Jefferies Group LLC and its subsidiaries since its acquisition on March 1, 2013.

For more information on the Company’s results of operations for 2013, please see the Company’s Form 10-Q for the nine months ended September 30, 2013, which will be 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,

2013
 

2012

2013
 

2012
 
Net revenues $ 2,565,076   $ 2,216,920   $ 7,596,981   $ 6,722,138  
 
Net realized securities gains $ 4,987   $ 154,207   $ 244,378   $ 581,669  
 
Income from continuing operations before income taxes
and income related to associated companies $ 2,517 $ 171,561 $ 365,934 $ 614,169
 
Income related to associated companies   23,889     24,274     89,560     65,802  
 
Income from continuing operations before income taxes 26,406 195,835 455,494 679,971
 
Income tax provision   16,183     78,890     86,258     264,176  
 
Income from continuing operations 10,223 116,945 369,236 415,795
 
Income (loss) from discontinued operations, including gain (loss)
on disposal, net of taxes   4,160     (2,611 )   3,972     (1,994 )
 
Net income 14,383 114,334 373,208 413,801
 
Net (income) loss attributable to the noncontrolling interest (253 ) 972 1,098 1,067
 
Net income attributable to the redeemable noncontrolling interests (10,132 ) (8,632 ) (11,239 ) (14,568 )
 
Preferred stock dividends   (1,027 )       (2,381 )    
 
Net income attributable to
Leucadia National Corporation common shareholders $ 2,971   $ 106,674   $ 360,686   $ 400,300  
 
Basic earnings (loss) per common share attributable to
Leucadia National Corporation common shareholders:
Income (loss) from continuing operations $ $ .45 $ 1.07 $ 1.64
Income (loss) from discontinued operations, including
gain (loss) on disposal   .01     (.01 )   .01      
Net income $ .01   $ .44   $ 1.08   $ 1.64  
 
Number of shares in calculation   367,641     244,583     331,091     244,583  
 
Diluted earnings (loss) per common share attributable to
Leucadia National Corporation common shareholders:
Income (loss) from continuing operations $ $ .44 $ 1.05 $ 1.62
Income (loss) from discontinued operations, including
gain (loss) on disposal   .01     (.01 )   .01      
Net income $ .01   $ .43   $ 1.06   $ 1.62  
 
Number of shares in calculation   367,687     248,910     338,897     248,910  

Copyright Business Wire 2010

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