NEW YORK--(BUSINESS WIRE)--
Leucadia National Corporation (NYSE:LUK) today announced its operating
results for the nine month period ended September 30, 2013. Net income
attributable to Leucadia National Corporation common shareholders for
the nine month periods ended September 30, 2013 and 2012 was
$360,686,000 ($1.06 per diluted common share) and $400,300,000 ($1.62
per diluted common share), respectively. These results reflect the
inclusion of the operations of Jefferies Group LLC and its subsidiaries
since its acquisition on March 1, 2013.
For more information on the Company’s results of operations for 2013,
please see the Company’s Form 10-Q for the nine months ended September
30, 2013, which will be 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, |
| | 2013 |
| 2012 | | 2013 |
| 2012 |
| | | | | | | |
|
|
Net revenues
| | $ | 2,565,076 |
| | $ | 2,216,920 |
| | $ | 7,596,981 |
| | $ | 6,722,138 |
|
| | | | | | | |
|
|
Net realized securities gains
| | $ | 4,987 |
| | $ | 154,207 |
| | $ | 244,378 |
| | $ | 581,669 |
|
| | | | | | | |
|
|
Income from continuing operations before income taxes
| | | | | | | | |
|
and income related to associated companies
| |
$
|
2,517
| | |
$
|
171,561
| | |
$
|
365,934
| | |
$
|
614,169
| |
| | | | | | | |
|
|
Income related to associated companies
| |
| 23,889 |
| |
| 24,274 |
| |
| 89,560 |
| |
| 65,802 |
|
| | | | | | | |
|
|
Income from continuing operations before income taxes
| | |
26,406
| | | |
195,835
| | | |
455,494
| | | |
679,971
| |
| | | | | | | |
|
|
Income tax provision
| |
| 16,183 |
| |
| 78,890 |
| |
| 86,258 |
| |
| 264,176 |
|
| | | | | | | |
|
|
Income from continuing operations
| | |
10,223
| | | |
116,945
| | | |
369,236
| | | |
415,795
| |
| | | | | | | |
|
|
Income (loss) from discontinued operations, including gain (loss)
| | | | | | | | |
|
on disposal, net of taxes
| |
| 4,160 |
| |
| (2,611 | ) | |
| 3,972 |
| |
| (1,994 | ) |
| | | | | | | |
|
|
Net income
| | |
14,383
| | | |
114,334
| | | |
373,208
| | | |
413,801
| |
| | | | | | | |
|
|
Net (income) loss attributable to the noncontrolling interest
| | |
(253
|
)
| | |
972
| | | |
1,098
| | | |
1,067
| |
| | | | | | | |
|
|
Net income attributable to the redeemable noncontrolling interests
| | |
(10,132
|
)
| | |
(8,632
|
)
| | |
(11,239
|
)
| | |
(14,568
|
)
|
| | | | | | | |
|
|
Preferred stock dividends
| |
| (1,027 | ) | |
| – |
| |
| (2,381 | ) | |
| – |
|
| | | | | | | |
|
|
Net income attributable to
| | | | | | | | |
| Leucadia National Corporation common shareholders
| | $ | 2,971 |
| | $ | 106,674 |
| | $ | 360,686 |
| | $ | 400,300 |
|
| | | | | | | |
|
|
Basic earnings (loss) per common share attributable to
| | | | | | | | |
| Leucadia National Corporation common shareholders:
| | | | | | | | |
|
Income (loss) from continuing operations
| |
$
|
–
| | |
$
|
.45
| | |
$
|
1.07
| | |
$
|
1.64
| |
|
Income (loss) from discontinued operations, including
| | | | | | | | |
|
gain (loss) on disposal
| |
| .01 |
| |
| (.01 | ) | |
| .01 |
| |
| – |
|
|
Net income
| | $ | .01 |
| | $ | .44 |
| | $ | 1.08 |
| | $ | 1.64 |
|
| | | | | | | |
|
|
Number of shares in calculation
| |
| 367,641 |
| |
| 244,583 |
| |
| 331,091 |
| |
| 244,583 |
|
| | | | | | | |
|
|
Diluted earnings (loss) per common share attributable to
| | | | | | | | |
| Leucadia National Corporation common shareholders:
| | | | | | | | |
|
Income (loss) from continuing operations
| |
$
|
–
| | |
$
|
.44
| | |
$
|
1.05
| | |
$
|
1.62
| |
|
Income (loss) from discontinued operations, including
| | | | | | | | |
|
gain (loss) on disposal
| |
| .01 |
| |
| (.01 | ) | |
| .01 |
| |
| – |
|
|
Net income
| | $ | .01 |
| | $ | .43 |
| | $ | 1.06 |
| | $ | 1.62 |
|
| | | | | | | |
|
|
Number of shares in calculation
| |
| 367,687 |
| |
| 248,910 |
| |
| 338,897 |
| |
| 248,910 |
|
Leucadia National Corporation
Laura Ulbrandt, 212-460-1900
Source: Leucadia National Corporation