Attached files
| file | filename |
|---|---|
| 8-K - LEUCADIA NATIONAL CORPORATION 2ND QTR. 2012 FORM 8-K - Jefferies Financial Group Inc. | lnc2ndqtr2012form8k.htm |
Exhibit 99.1
August 1, 2012
FOR IMMEDIATE RELEASE
Contact: Laura Ulbrandt (212) 460-1900
LEUCADIA NATIONAL CORPORATION
ANNOUNCES SIX MONTH 2012 RESULTS
Leucadia National Corporation (LUK – NYSE) today announced its operating results for the six month period ended June 30, 2012. Net income attributable to Leucadia National Corporation common shareholders for the six month periods ended June 30, 2012 and 2011 was $293,626,000 ($1.18 per diluted common share) and $196,816,000 ($.80 per diluted common share), respectively.
For more information on the Company’s results of operations for the first half of 2012, please see the Company’s Form 10-Q for the six months ended June 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 Six Month
|
|||||||||||||||
|
Period Ended June 30,
|
Period Ended June 30,
|
|||||||||||||||
|
2012
|
2011
|
2012
|
2011
|
|||||||||||||
|
Revenues and other income
|
$ | 2,141,645 | $ | 753,441 | $ | 4,565,933 | $ | 1,037,475 | ||||||||
|
Net securities gains
|
$ | 2,526 | $ | 529,637 | $ | 427,462 | $ | 531,940 | ||||||||
|
Income from continuing operations before income taxes and
|
||||||||||||||||
|
income (losses) related to associated companies
|
$ | 71,592 | $ | 519,192 | $ | 430,037 | $ | 598,722 | ||||||||
|
Income taxes
|
33,945 | 190,108 | 167,462 | 229,161 | ||||||||||||
|
Income from continuing operations before income (losses)
|
||||||||||||||||
|
related to associated companies
|
37,647 | 329,084 | 262,575 | 369,561 | ||||||||||||
|
Income (losses) related to associated companies, net of taxes
|
(226,320 | ) | (145,796 | ) | 36,219 | (173,844 | ) | |||||||||
|
Income (loss) from continuing operations
|
(188,673 | ) | 183,288 | 298,794 | 195,717 | |||||||||||
|
Income from discontinued operations, including gain on
|
||||||||||||||||
|
disposal, net of taxes
|
905 | 3,170 | 673 | 1,527 | ||||||||||||
|
Net income (loss)
|
(187,768 | ) | 186,458 | 299,467 | 197,244 | |||||||||||
|
Net (income) loss attributable to the noncontrolling interest
|
297 | (149 | ) | 95 | (428 | ) | ||||||||||
|
Net (income) attributable to the redeemable
|
||||||||||||||||
|
noncontrolling interests
|
(9,780 | ) | – | (5,936 | ) | – | ||||||||||
|
Net income (loss) attributable to
|
||||||||||||||||
|
Leucadia National Corporation common shareholders
|
$ | (197,251 | ) | $ | 186,309 | $ | 293,626 | $ | 196,816 | |||||||
|
Basic earnings (loss) per common share attributable to
|
||||||||||||||||
|
Leucadia National Corporation common shareholders:
|
||||||||||||||||
|
Income (loss) from continuing operations
|
$ | (.81 | ) | $ | .75 | $ | 1.20 | $ | .80 | |||||||
|
Income from discontinued operations, including
|
||||||||||||||||
|
gain on disposal
|
– | .01 | – | .01 | ||||||||||||
|
Net income (loss)
|
$ | (.81 | ) | $ | .76 | $ | 1.20 | $ | .81 | |||||||
|
Number of shares in calculation
|
244,583 | 244,521 | 244,583 | 244,290 | ||||||||||||
|
Diluted earnings (loss) per common share attributable to
|
||||||||||||||||
|
Leucadia National Corporation common shareholders:
|
||||||||||||||||
|
Income (loss) from continuing operations
|
$ | (.81 | ) | $ | .74 | $ | 1.18 | $ | .79 | |||||||
|
Income from discontinued operations, including
|
||||||||||||||||
|
gain on disposal
|
– | .01 | – | .01 | ||||||||||||
|
Net income (loss)
|
$ | (.81 | ) | $ | .75 | $ | 1.18 | $ | .80 | |||||||
|
Number of shares in calculation
|
244,583 | 249,026 | 248,910 | 248,971 | ||||||||||||