NOTE this is not on Leucadia’s website so its a gem enjoy!
Letter from the Chairman And President: In 2013, Leucadia reported $97 million in after tax income on $1.57 per fully diluted share. included in this calculation are 11,156,460 shares issued in November 2003 for the remainder of WilTel we did not already own. WilTel is now a wholly-owned consolidated subsidiary. In 2003 Leucadia earned an anemic 4.5% return on ending equity