Leucadia National Corporation Announces Nine Month 2009 Results

November 5, 2009 4:33 PM EST

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).

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        $ 280,801    $ 251,616      $ 815,467     $ 914,019
income

Net securities gains      $ 9,583      $ (65,547  )   $ (20,251  )  $ (38,220  )
(losses)

Loss from continuing
operations before income
taxes and

income related to         $ (32,062 )  $ (109,071 )   $ (244,074 )  $ (177,679 )
associated companies

Income taxes                1,680        (38,753  )     6,503         (297,814 )

Income (loss) from
continuing operations
before income

related to associated       (33,742 )    (70,318  )     (250,577 )    120,135
companies

Income related to
associated companies,       379,517      159,666        867,203       60,050
net of taxes

Income from continuing      345,775      89,348         616,626       180,185
operations

Income from discontinued    23,805       -              23,805        -
operations, net of taxes

Net income                  369,580      89,348         640,431       180,185

Net loss attributable to
the noncontrolling          619          114            784           231
interest

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    $ 1.42       $ .38          $ 2.56        $ .79
operations

Income from discontinued    .10          -              .10           -
operations

Net income                $ 1.52       $ .38          $ 2.66        $ .79

Number of shares in         243,238      232,849        240,913       228,723
calculation

Diluted earnings per
common share
attributable to

Leucadia National
Corporation common
shareholders:

Income from continuing    $ 1.40       $ .37          $ 2.51        $ .76
operations

Income from discontinued    .10          -              .10           -
operations

Net income                $ 1.50       $ .37          $ 2.61        $ .76

Number of shares in         247,711      249,452        247,946       245,499
calculation

    Source: Leucadia National Corporation

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