Leucadia National Corporation Announces Nine Month 2009 Results
- Press Release
- Source: Leucadia National Corporation
- On 4:33 pm EST, Thursday November 5, 2009
NEW YORK--(BUSINESS WIRE)--Leucadia National Corporation (LUK – NYSE) today announced its operating results for the nine month period ended September 30, 2009. Net income attributable to Leucadia National Corporation common shareholders for the nine month periods ended September 30, 2009 and 2008 was $641,215,000 ($2.61 per diluted common share) and $180,416,000 ($.76 per diluted common share), respectively. Net income attributable to Leucadia National Corporation common shareholders for 2009 included income from discontinued operations of $23,805,000 ($.10 per diluted common share).
Related Quotes
| Symbol | Price | Change |
|---|---|---|
| LUK | 22.09 | +0.10 |
For more information on the Company’s results of operations for 2009, please see the Company’s Form 10-Q for the nine months ended September 30, 2009, 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, | |||||||||||||||
| 2009 | 2008 | 2009 | 2008 | |||||||||||||
| Revenues and other income | $ | 280,801 | $ | 251,616 | $ | 815,467 | $ | 914,019 | ||||||||
| Net securities gains (losses) | $ | 9,583 | $ | (65,547 | ) | $ | (20,251 | ) | $ | (38,220 | ) | |||||
| Loss from continuing operations before income taxes and | ||||||||||||||||
| income related to associated companies | $ | (32,062 | ) | $ | (109,071 | ) | $ | (244,074 | ) | $ | (177,679 | ) | ||||
| Income taxes | 1,680 | (38,753 | ) | 6,503 | (297,814 | ) | ||||||||||
| Income (loss) from continuing operations before income | ||||||||||||||||
| related to associated companies | (33,742 | ) | (70,318 | ) | (250,577 | ) | 120,135 | |||||||||
| Income related to associated companies, net of taxes | 379,517 | 159,666 | 867,203 | 60,050 | ||||||||||||
| Income from continuing operations | 345,775 | 89,348 | 616,626 | 180,185 | ||||||||||||
| Income from discontinued operations, net of taxes | 23,805 | – | 23,805 | – | ||||||||||||
| Net income | 369,580 | 89,348 | 640,431 | 180,185 | ||||||||||||
| Net loss attributable to the noncontrolling interest | 619 | 114 | 784 | 231 | ||||||||||||
| Net income attributable to Leucadia National Corporation | ||||||||||||||||
| common shareholders | $ | 370,199 | $ | 89,462 | $ | 641,215 | $ | 180,416 | ||||||||
| Basic earnings per common share attributable to | ||||||||||||||||
| Leucadia National Corporation common shareholders: | ||||||||||||||||
| Income from continuing operations | $ | 1.42 | $ | .38 | $ | 2.56 | $ | .79 | ||||||||
| Income from discontinued operations | .10 | – | .10 | – | ||||||||||||
| Net income | $ | 1.52 | $ | .38 | $ | 2.66 | $ | .79 | ||||||||
| Number of shares in calculation | 243,238 | 232,849 | 240,913 | 228,723 | ||||||||||||
| Diluted earnings per common share attributable to | ||||||||||||||||
| Leucadia National Corporation common shareholders: | ||||||||||||||||
| Income from continuing operations | $ | 1.40 | $ | .37 | $ | 2.51 | $ | .76 | ||||||||
| Income from discontinued operations | .10 | – | .10 | – | ||||||||||||
| Net income | $ | 1.50 | $ | .37 | $ | 2.61 | $ | .76 | ||||||||
| Number of shares in calculation | 247,711 | 249,452 | 247,946 | 245,499 | ||||||||||||
Contact:
Leucadia National Corporation
Laura Ulbrandt, 212-460-1900
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