Leucadia National Corporation Announces 2012 Results

  Leucadia National Corporation Announces 2012 Results

Business Wire

NEW YORK -- February 25, 2013

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       $  2,511,140    $ 261,599     $ 9,193,689    $ 1,434,622 
other income
                                                                 
Net securities     $  8,912        $ 102,261     $ 590,581      $ 641,476   
gains
                                                                 
Income from
continuing
operations
before income
taxes and
income (losses)
related to         $  391,940      $ 66,116      $ 966,520       $ 677,455
associated
companies
                                                                 
Income taxes         145,473       28,247       376,494       270,316   
                                                                 
Income from
continuing
operations
before income
(losses)
related to
associated            246,467        37,869        590,026         407,139
companies
                                                                 
Income (losses)
related to
associated           204,043       76,615       276,279       (394,041  )
companies, net
of taxes
                                                                 
Income from
continuing            450,510        114,484       866,305         13,098
operations
                                                                 
Income (loss)
from
discontinued
operations,
including
gain (loss) on
disposal, net of     330           4,580        (1,664    )    11,858    
taxes
                                                                 
Net income            450,840        119,064       864,641         24,956
                                                                 
Net loss
attributable to
the                   993            373           2,060           275
noncontrolling
interest
                                                                 
Net (income)
loss
attributable to
the redeemable
noncontrolling       2,333         –            (12,235   )    –         
interests
                                                                 
Net income
attributable to
Leucadia
National
Corporation        $  454,166      $ 119,437     $ 854,466      $ 25,231    
common
shareholders
                                                                 
Basic earnings
(loss) per
common share
attributable to
Leucadia
National
Corporation
common
shareholders:
Income from
continuing         $  1.86         $ .47         $ 3.50          $ .05
operations
Income (loss)
from
discontinued
operations,
including
gain (loss) on       –             .02          (.01      )    .05       
disposal
Net income         $  1.86         $ .49         $ 3.49         $ .10       
                                                                 
Number of shares     244,583       244,583      244,583       244,425   
in calculation
                                                                 
Diluted earnings
(loss) per
common share
attributable to
Leucadia
National
Corporation
common
shareholders:
Income from
continuing         $  1.83         $ .46         $ 3.45          $ .05
operations
Income (loss)
from
discontinued
operations,
including
gain (loss) on       –             .02          (.01      )    .05       
disposal
Net income         $  1.83         $ .48         $ 3.44         $ .10       
                                                                 
Number of shares     248,922       248,874      248,914       244,573   
in calculation

Contact:

Leucadia National Corporation
Laura Ulbrandt, 212-460-1900
 
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