Leucadia National Corporation Announces Nine Month 2012 Results

  Leucadia National Corporation Announces Nine Month 2012 Results

Business Wire

NEW YORK -- November 06, 2012

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           $ 2,187,495      $ 199,751       $ 6,682,549      $ 1,137,023 
other income
                                                                            
Net securities         $ 154,207        $ 7,275         $ 581,669        $ 539,215   
gains
                                                                            
Income from
continuing
operations
before income
taxes and
income
(losses)
related to             $ 142,136         $ 16,720         $ 574,580         $ 611,339
associated
companies
                                                                            
Income taxes            61,208          13,723         231,021         242,069   
                                                                            
Income from
continuing
operations
before income
(losses)
related to
associated               80,928            2,997            343,559           369,270
companies
                                                                            
Income
(losses)
related to              36,017          (296,812 )      72,236          (470,656  )
associated
companies, net
of taxes
                                                                            
Income (loss)
from                     116,945           (293,815 )       415,795           (101,386  )
continuing
operations
                                                                            
Income from
discontinued             2,015             1,690            2,632             5,581
operations,
net of taxes
                                                                            
Gain (loss) on
disposal of
discontinued            (4,626    )      773            (4,626    )      1,697     
operations,
net of taxes
                                                                            
Net income               114,334           (291,352 )       413,801           (94,108   )
(loss)
                                                                            
Net (income)
loss
attributable             972               330              1,067             (98       )
to the
noncontrolling
interest
                                                                            
Net (income)
attributable
to the
redeemable
noncontrolling          (8,632    )      –              (14,568   )      –         
interests
                                                                            
Net income
(loss)
attributable
to
Leucadia
National
Corporation            $ 106,674        $ (291,022 )     $ 400,300        $ (94,206   )
common
shareholders
                                                                            
Basic earnings
(loss) per
common share
attributable
to
Leucadia
National
Corporation
common
shareholders:
Income (loss)
from                   $ .45             $ (1.20    )     $ 1.64            $ (.42      )
continuing
operations
Income from
discontinued             .01               .01              .01               .02
operations
Gain (loss) on
disposal of             (.02      )      –              (.01      )      .01       
discontinued
operations
Net income             $ .44            $ (1.19    )     $ 1.64           $ (.39      )
(loss)
                                                                            
Number of
shares in               244,583         244,580        244,583         244,378   
calculation
                                                                            
Diluted
earnings
(loss) per
common share
attributable
to
Leucadia
National
Corporation
common
shareholders:
Income (loss)
from                   $ .44             $ (1.20    )     $ 1.62            $ (.42      )
continuing
operations
Income from
discontinued             .01               .01              .01               .02
operations
Gain (loss) on
disposal of             (.02      )      –              (.01      )      .01       
discontinued
operations
Net income             $ .43            $ (1.19    )     $ 1.62           $ (.39      )
(loss)
                                                                            
Number of
shares in               248,910         244,580        248,910         244,378   
calculation
                                                                                        
                                                                                        

Contact:

Leucadia National Corporation
Laura Ulbrandt, 212-460-1900