Leucadia National Corporation Announces 2009 Results
finance.yahoo.com
February 26, 2010
NEW YORK--(BUSINESS WIRE)--Leucadia National Corporation (NYSE:LUK) today announced its operating results for the year ended December 31, 2009. Net income attributable to Leucadia National Corporation common shareholders was $550,280,000 or $2.25 per diluted common share for the year ended December 31, 2009 as compared to net loss of $(2,535,425,000) or $(11.00) per diluted common share for the year ended December 31, 2008. Net income attributable to Leucadia National Corporation common shareholders for 2009 and net loss for 2008 also included income from discontinued operations of $26,475,000 or $.11 per diluted common share and $43,886,000 or $.19 per diluted common share, respectively. Included in the 2008 loss was a charge to income tax expense of $1,672,100,000 that increased the deferred tax valuation allowance to reserve for substantially all of the net deferred tax asset (which includes the Company’s net operating loss carryforwards). |
