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Press release from Business Wire

Leucadia National Corporation Announces Six Month 2013 Results

Tuesday, August 06, 2013

Leucadia National Corporation Announces Six Month 2013 Results

08:58 EDT Tuesday, August 06, 2013

NEW YORK (Business Wire) -- Leucadia National Corporation (NYSE: LUK) today announced its operating results for the six month period ended June 30, 2013. Net income attributable to Leucadia National Corporation common shareholders for the six month periods ended June 30, 2013 and 2012 was $357,715,000 ($1.10 per diluted common share) and $293,626,000 ($1.18 per diluted common share), respectively. These results reflect the inclusion of the operations of Jefferies Group LLC and its subsidiaries commencing with the quarter ending June 30, 2013.

For more information on the Company's results of operations for the first half of 2013, please see the Company's Form 10-Q for the six months ended June 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 Six Month
Period Ended June 30, Period Ended June 30,
  2013       2012     2013       2012  
 
Net revenues $ 2,705,150   $ 1,746,041   $ 5,031,905   $ 4,505,218  
 
Realized security gains $ 9,500   $ 2,526   $ 239,391   $ 427,462  
 
Income (loss) from continuing operations before income taxes
and income related to associated companies $ 45,448 $ (287,700 ) $ 363,417 $ 442,608
 
Income related to associated companies   34,863     13,536     65,671     41,528  
 
Income (loss) from continuing operations before income taxes 80,311 (274,164 ) 429,088 484,136
 
Income tax provision (benefit)   22,068     (87,508 )   70,075     185,286  
 
Income (loss) from continuing operations 58,243 (186,656 ) 359,013 298,850
 
Income (loss) from discontinued operations, including gain on
disposal, net of taxes   293     (1,112 )   (188 )   617  
 
Net income (loss) 58,536 (187,768 ) 358,825 299,467
 
Net loss attributable to the noncontrolling interest 729 297 1,351 95
 
Net income attributable to the redeemable noncontrolling interests (5,638 ) (9,780 ) (1,107 ) (5,936 )
 
Preferred stock dividends   (1,015 )       (1,354 )    
 
Net income (loss) attributable to
Leucadia National Corporation common shareholders $ 52,612   $ (197,251 ) $ 357,715   $ 293,626  
 
Basic earnings (loss) per common share attributable to
Leucadia National Corporation common shareholders:
Income (loss) from continuing operations $ .14 $ (.80 ) $ 1.12 $ 1.20
Income (loss) from discontinued operations, including
gain on disposal       (.01 )        
Net income (loss) $ .14   $ (.81 ) $ 1.12   $ 1.20  
 
Number of shares in calculation   367,752     244,583     315,375     244,583  
 
Diluted earnings (loss) per common share attributable to
Leucadia National Corporation common shareholders:
Income (loss) from continuing operations $ .14 $ (.80 ) $ 1.10 $ 1.18
Income (loss) from discontinued operations, including
gain on disposal       (.01 )        
Net income (loss) $ .14   $ (.81 ) $ 1.10   $ 1.18  
 
Number of shares in calculation   367,837     244,583     322,697     248,910  

Leucadia National Corporation
Laura Ulbrandt, 212-460-1900

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