Leucadia National Corp. : Leucadia National Corporation Announces Nine Month 2011 Results
11/08/2011| 05:15pm US/Eastern
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Leucadia National Corporation (NYSE:LUK) today announced its operating
results for the nine month period ended September 30, 2011. Net loss
attributable to Leucadia National Corporation common shareholders for
the nine month period ended September 30, 2011 was $94,206,000 ($.39 per
diluted common share) compared to net income attributable to Leucadia
National Corporation common shareholders for 2010 of $244,090,000 ($1.00
per diluted common share).
For more information on the Company's results of operations for 2011,
please see the Company's Form 10-Q for the nine months ended September
30, 2011, 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 Nine Month
Period Ended September 30,
Period Ended September 30,
2011
2010
2011
2010
Revenues and other income
$
236,058
$
185,865
$
1,273,533
$
734,360
Net securities gains (losses)
$
7,275
$
(64
)
$
539,215
$
170,416
Income (loss) from continuing operations before income taxes
and income (losses) related to associated companies
$
18,830
$
(58,685
)
$
617,552
$
69,450
Income taxes
14,035
3,540
243,196
10,936
Income (loss) from continuing operations before income (losses)
related to associated companies
4,795
(62,225
)
374,356
58,514
Income (losses) related to associated companies, net of taxes
(296,812
)
324,712
(470,656
)
153,984
Income (loss) from continuing operations
(292,017
)
262,487
(96,300
)
212,498
Income from discontinued operations, including gain on
disposal, net of taxes
665
27,483
2,192
32,699
Net income (loss)
(291,352
)
289,970
(94,108
)
245,197
Net (income) loss attributable to the noncontrolling interest
330
(2,215
)
(98
)
(1,107
)
Net income (loss) attributable to
Leucadia National Corporation common shareholders
$
(291,022
)
$
287,755
$
(94,206
)
$
244,090
Basic earnings (loss) per common share attributable to
Leucadia National Corporation common shareholders:
Income (loss) from continuing operations
$
(1.19
)
$
1.08
$
(.40
)
$
.88
Income from discontinued operations, including
gain on disposal
-
.10
.01
.12
Net income (loss)
$
(1.19
)
$
1.18
$
(.39
)
$
1.00
Number of shares in calculation
244,580
243,317
244,378
243,307
Diluted earnings (loss) per common share attributable to
Leucadia National Corporation common shareholders:
Income (loss) from continuing operations
$
(1.19
)
$
1.07
$
(.40
)
$
.88
Income from discontinued operations, including
gain on disposal
-
.10
.01
.12
Net income (loss)
$
(1.19
)
$
1.17
$
(.39
)
$
1.00
Number of shares in calculation
244,580
247,572
244,378
247,589
Leucadia National Corporation Laura Ulbrandt, 212-460-1900
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