-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FqjZaNcT7IrUxozUGGEkFEOBp7caaxuiYrPNcFknU6zEzO15ctA1EDOqDlbGbRmq voXPFJRWHw/6LkQVPV686A== 0000096223-08-000017.txt : 20080229 0000096223-08-000017.hdr.sgml : 20080229 20080229103300 ACCESSION NUMBER: 0000096223-08-000017 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080229 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080229 DATE AS OF CHANGE: 20080229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LEUCADIA NATIONAL CORP CENTRAL INDEX KEY: 0000096223 STANDARD INDUSTRIAL CLASSIFICATION: LUMBER & WOOD PRODUCTS (NO FURNITURE) [2400] IRS NUMBER: 132615557 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05721 FILM NUMBER: 08653255 BUSINESS ADDRESS: STREET 1: 315 PARK AVE S CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 2124601900 MAIL ADDRESS: STREET 1: 315 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10010 FORMER COMPANY: FORMER CONFORMED NAME: TALCOTT NATIONAL CORP DATE OF NAME CHANGE: 19800603 8-K 1 lnc20078k.txt LEUCADIA NATIONAL FORM 8-K 2007 PRESS RELEASE UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): February 29, 2008 LEUCADIA NATIONAL CORPORATION (Exact Name of Registrant as Specified in its Charter) NEW YORK (State or Other Jurisdiction of Incorporation) 1-5721 13-2615557 (Commission File Number) (IRS Employer Identification No.) 315 PARK AVENUE SOUTH, NEW YORK, NEW YORK 10010 (Address of Principal Executive Offices) (Zip Code) 212-460-1900 (Registrant's Telephone Number, Including Area Code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01. Other Events. The information set forth in the press release issued by Leucadia National Corporation on February 29, 2008, attached hereto as Exhibit 99.1, is incorporated herein by reference. Item 9.01(c). Exhibits. Exhibit No. Description 99.1 Press Release issued by Leucadia National Corporation on February 29, 2008 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: February 29, 2008 LEUCADIA NATIONAL CORPORATION By: /s/ Joseph A. Orlando ----------------------------- Name: Joseph A. Orlando Title: Vice President and Chief Financial Officer 3 EXHIBIT INDEX Exhibit No. Exhibit - ----------- ------- 99.1 Press Release, dated February 29, 2008 EX-99 2 lnc200710kpress.txt EXHIBIT 99.1 LEUCADIA 2007 10-K PRESS RELEASE Exhibit 99.1 February 29, 2008 FOR IMMEDIATE RELEASE Contact: Laura Ulbrandt (212) 460-1900 LEUCADIA NATIONAL CORPORATION ANNOUNCES 2007 RESULTS Leucadia National Corporation (LUK - NYSE) today announced its operating results for the year ended December 31, 2007. During 2007, the Company recorded an adjustment that reduced the deferred tax valuation allowance and credited income tax expense by $542,700,000. The adjustment results from the Company's conclusion that it is more likely than not that it will have future taxable income sufficient to realize that portion of the net deferred tax asset. Net income was $484,294,000 (including the $542,700,000 adjustment referred to above) or $2.10 per diluted common share for the year ended December 31, 2007 compared to net income of $189,399,000 or $.85 per diluted common share for the year ended December 31, 2006. Net income also included income of $3,486,000 or $.01 per diluted common share for 2007 and $59,630,000 or $.25 per diluted common share for 2006 related to discontinued operations, including gain on disposal. For more information on the adjustment described above and the Company's results of operations for 2007, please see the Company's Annual Report on Form 10-K for the year ended December 31, 2007, which was filed with the Securities and Exchange Commission today.
SUMMARY FOR LEUCADIA NATIONAL CORPORATION AND SUBSIDIARIES ---------------------------------------------------------- (In thousands, except earnings per share amounts) For the Three Month For the Year Period Ended December 31, Ended December 31, ------------------------- ------------------ 2007 2006 2007 2006 ---- ---- ---- ---- (Unaudited) Revenues and other income $ 282,557 $ 176,395 $ 1,154,895 $ 862,672 ========= ========== =========== ========= Net securities gains $ 5,854 $ 17,768 $ 95,641 $ 117,159 ========= ========== =========== ========== Income (loss) from continuing operations before income taxes and equity in income (losses) of associated companies $ (74,035) $ (13,419) $ (57,088) $ 133,820 Income tax (benefit) provision (566,712) (7,100) (559,771) 41,771 --------- ---------- ----------- ---------- Income (loss) from continuing operations before equity in income (losses) of associated companies 492,677 (6,319) 502,683 92,049 Equity in income (losses) of associated companies, net of taxes (48,132) 13,384 (21,875) 37,720 --------- ---------- ----------- ---------- Income from continuing operations 444,545 7,065 480,808 129,769 Income from discontinued operations, including gain on disposal, net of taxes 1,188 4,144 3,486 59,630 --------- ---------- ----------- ---------- Net income $ 445,733 $ 11,209 $ 484,294 $ 189,399 ========= ========== =========== ========== Basic earnings per common share: Income from continuing operations $2.00 $ .03 $2.20 $ .60 Income from discontinued operations, including gain on disposal - .02 .02 .28 ----- ----- ----- ----- Net income $2.00 $ .05 $2.22 $ .88 ===== ===== ===== ===== Number of shares in calculation 222,494 216,334 218,361 216,233 ======= ======= ======= ======= Diluted earnings per common share: Income from continuing operations $1.87 $ .03 $2.09 $ .60 Income from discontinued operations, including gain on disposal -- .02 .01 .25 ----- ----- ----- ----- Net income $1.87 $ .05 $2.10 $ .85 ===== ===== ===== ===== Number of shares in calculation 239,483 216,707 234,653 231,885 ======= ======= ======= =======
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