The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Business Wire

Leucadia National Corporation Announces 2012 Results

Monday, February 25, 2013

Leucadia National Corporation Announces 2012 Results15:50 EST Monday, February 25, 2013 NEW YORK (Business Wire) -- 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   Leucadia National CorporationLaura Ulbrandt, 212-460-1900