-----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, MxDQ4ptNvnJiPYEn6BL7EYO63EVyL8G05arx5UfEe0jXAQ3Be1+N3Pzp6IdRkxo9 /jQ6VO1ISCGtXXnMI7xDkA== 0000096223-08-000040.txt : 20080807 0000096223-08-000040.hdr.sgml : 20080807 20080807165833 ACCESSION NUMBER: 0000096223-08-000040 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080807 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080807 DATE AS OF CHANGE: 20080807 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: 08999343 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 lnc2ndqtr08form8k.txt LEUCADIA NATIONAL CORPORATION 2ND QTR. 08 FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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): August 7, 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 August 7, 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 August 7, 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: August 7, 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 August 7, 2008 4 EX-99 2 lnc2ndqtrpressrel.txt LEUCADIA NATIONAL 2ND QTR 2008 PRESS RELEASE Exhibit 99.1 August 7, 2008 FOR IMMEDIATE RELEASE Contact: Laura Ulbrandt (212) 460-1900 LEUCADIA NATIONAL CORPORATION ANNOUNCES SIX MONTH 2008 RESULTS Leucadia National Corporation (LUK - NYSE) today announced its operating results for the six month period ended June 30, 2008. During 2008, the Company recorded an adjustment that reduced the deferred tax valuation allowance and credited income tax expense by $222,200,000. 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 $90,954,000 or $.39 per diluted common share for the six month period ended June 30, 2008 compared to net income of $34,673,000 or $.16 per diluted common share for the six month period ended June 30, 2007. For more information on the Company's results of operations for the first half of 2008, please see the Company's Form 10-Q for the six months ended June 30, 2008, which was filed with the Securities and Exchange Commission today. SUMMARY FOR LEUCADIA NATIONAL CORPORATION AND SUBSIDIARIES (In thousands, except earnings per share amounts) (Unaudited)
For the Three Month For the Six Month Period Ended June 30, Period Ended June 30, --------------------- --------------------- 2008 2007 2008 2007 ---- ---- ---- ---- Revenues and other income $ 337,554 $ 344,004 $ 662,403 $ 541,189 ========= ========= ========= ========= Net securities gains $ 19,045 $ 50,240 $ 27,327 $ 66,161 ========= ========= ========= ========= Income (loss) from continuing operations before income taxes and income (loss) related to associated companies $ (35,698) $ 36,611 $ (68,491) $ 27,815 Income taxes (247,711) 14,850 (259,061) 11,118 --------- --------- --------- --------- Income from continuing operations before income (loss) related to associated companies 212,013 21,761 190,570 16,697 Income (loss) related to associated companies, net of taxes (25,235) 4,554 (99,616) 17,479 --------- --------- --------- --------- Income from continuing operations 186,778 26,315 90,954 34,176 Income (loss) from discontinued operations, including gain (loss) on disposal, net of taxes -- (16) -- 497 --------- --------- --------- --------- Net income $ 186,778 $ 26,299 $ 90,954 $ 34,673 ========= ========= ========= ========= Basic earnings (loss) per common share: Income from continuing operations $ .81 $ .12 $ .40 $ .16 Income (loss) from discontinued operations, including gain (loss) on disposal -- -- -- -- ----- ------ ------ ------ Net income $ .81 $ .12 $ .40 $ .16 ===== ====== ====== ====== Number of shares in calculation 230,235 216,596 226,952 216,491 ======= ======= ======= ======= Diluted earnings (loss) per common share: Income from continuing operations $ .76 $ .12 $ .39 $ .16 Income (loss) from discontinued operations, including gain (loss) on disposal -- -- -- -- ----- ------ ------ ------ Net income $ .76 $ .12 $ .39 $ .16 ===== ====== ====== ====== Number of shares in calculation 247,234 217,229 243,827 216,912 ======= ======= ======= =======
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