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 |
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(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 |