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Leucadia National Corporation Announces First Quarter 2012 Results

Date : 05/04/2012 @ 5:07PM
Source : Business Wire
Stock : Leucadia National Corp. (LUK)
Quote : 32.02  0.32 (1.01%) @ 8:00PM
Leucadia share price Chart

Leucadia National Corporation Announces First Quarter 2012 Results

Leucadia (NYSE:LUK)
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Leucadia National Corporation (NYSE:LUK) today announced its operating results for the three month period ended March 31, 2012. Net income attributable to Leucadia National Corporation common shareholders for the three month periods ended March 31, 2012 and 2011 was $490,877,000 ($1.97 per diluted common share) and $10,507,000 ($.04 per diluted common share).

For more information on the Company’s results of operations for the first quarter of 2012, please see the Company’s Form 10-Q for the three months ended March 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) (Unaudited)

 

  For the Three Month

Period Ended March 31,

2012

 

2011

  Revenues and other income $ 2,424,288   $ 284,034     Net securities gains $ 424,936   $ 2,303    

Income from continuing operations before income taxes and income (losses) related to associated companies

$ 358,445 $ 79,530   Income taxes   133,517     39,053    

Income from continuing operations before income (losses) related to associated companies

224,928 40,477   Income (losses) related to associated companies, net of taxes   262,539     (28,048 )   Income from continuing operations 487,467 12,429  

Loss from discontinued operations, including gain on disposal, net of taxes

(232 ) (1,643 )   Net income 487,235 10,786   Net income attributable to the noncontrolling interest (202 ) (279 )   Net loss attributable to the redeemable noncontrolling interest   3,844        

Net income attributable to Leucadia National Corporation common shareholders

$ 490,877 $ 10,507  

Basic earnings (loss) per common share attributable to Leucadia National Corporation common shareholders:

Income from continuing operations $ 2.01 $ .05 Loss from discontinued operations, including gain on disposal       (.01 ) Net income $ 2.01   $ .04     Number of shares in calculation   244,583     244,082    

Diluted earnings (loss) per common share attributable to Leucadia National Corporation common shareholders:

Income from continuing operations $ 1.97 $ .05 Loss from discontinued operations, including gain on disposal       (.01 ) Net income $ 1.97   $ .04     Number of shares in calculation   248,945     244,620  



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