Attached files
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| 8-K - LEUCADIA NATIONAL CORPORATION 2012 YEAR END FORM 8-K - Jefferies Financial Group Inc. | lnc2012yearendform8k.htm |
Exhibit 99.1
February 25, 2013
FOR IMMEDIATE RELEASE
Contact: Laura Ulbrandt (212) 460-1900
LEUCADIA NATIONAL CORPORATION
ANNOUNCES 2012 RESULTS
New York, 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)
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For the Three Month
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For the Year
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Period Ended December 31,
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Ended December 31,
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2012
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2011
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2012
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2011
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Revenues and other income
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$ | 2,511,140 | $ | 261,599 | $ | 9,193,689 | $ | 1,434,622 | ||||||||
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Net securities gains
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$ | 8,912 | $ | 102,261 | $ | 590,581 | $ | 641,476 | ||||||||
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Income from continuing operations before income taxes and
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income (losses) related to associated companies
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$ | 391,940 | $ | 66,116 | $ | 966,520 | $ | 677,455 | ||||||||
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Income taxes
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145,473 | 28,247 | 376,494 | 270,316 | ||||||||||||
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Income from continuing operations before income (losses)
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related to associated companies
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246,467 | 37,869 | 590,026 | 407,139 | ||||||||||||
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Income (losses) related to associated companies, net of taxes
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204,043 | 76,615 | 276,279 | (394,041 | ) | |||||||||||
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Income from continuing operations
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450,510 | 114,484 | 866,305 | 13,098 | ||||||||||||
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Income (loss) from discontinued operations, including
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gain (loss) on disposal, net of taxes
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330 | 4,580 | (1,664 | ) | 11,858 | |||||||||||
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Net income
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450,840 | 119,064 | 864,641 | 24,956 | ||||||||||||
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Net loss attributable to the noncontrolling interest
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993 | 373 | 2,060 | 275 | ||||||||||||
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Net (income) loss attributable to the redeemable
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noncontrolling interests
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2,333 | – | (12,235 | ) | – | |||||||||||
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Net income attributable to
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Leucadia National Corporation common shareholders
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$ | 454,166 | $ | 119,437 | $ | 854,466 | $ | 25,231 | ||||||||
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Basic earnings (loss) per common share attributable to
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Leucadia National Corporation common shareholders:
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Income from continuing operations
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$ | 1.86 | $ | .47 | $ | 3.50 | $ | .05 | ||||||||
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Income (loss) from discontinued operations, including
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gain (loss) on disposal
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– | .02 | (.01 | ) | .05 | |||||||||||
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Net income
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$ | 1.86 | $ | .49 | $ | 3.49 | $ | .10 | ||||||||
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Number of shares in calculation
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244,583 | 244,583 | 244,583 | 244,425 | ||||||||||||
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Diluted earnings (loss) per common share attributable to
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Leucadia National Corporation common shareholders:
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Income from continuing operations
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$ | 1.83 | $ | .46 | $ | 3.45 | $ | .05 | ||||||||
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Income (loss) from discontinued operations, including
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gain (loss) on disposal
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– | .02 | (.01 | ) | .05 | |||||||||||
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Net income
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$ | 1.83 | $ | .48 | $ | 3.44 | $ | .10 | ||||||||
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Number of shares in calculation
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248,922 | 248,874 | 248,914 | 244,573 | ||||||||||||