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Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May. 31, 2015
May. 31, 2014
May. 31, 2015
May. 31, 2014
Revenues:        
Commissions $ 173,508 $ 167,378 $ 340,430 $ 329,441
Principal transactions 155,962 183,416 261,439 421,779
Investment banking 404,262 331,149 676,257 745,469
Asset management fees and investment income (loss) from managed funds 5,650 (3,101) (4,187) 6,856
Interest 240,552 283,540 469,422 532,808
Other 28,576 8,404 48,481 31,473
Total revenues 1,008,510 970,786 1,791,842 2,067,826
Interest expense 216,956 247,794 408,616 445,806
Net revenues 791,554 722,992 1,383,226 1,622,020
Non-interest expenses:        
Compensation and benefits 480,770 404,876 845,985 912,775
Non-compensation expenses:        
Floor brokerage and clearing fees 58,713 54,020 113,793 103,533
Technology and communications 72,361 70,257 144,748 134,563
Occupancy and equipment rental 24,420 26,673 48,604 53,175
Business development 26,401 24,917 48,338 51,393
Professional services 27,419 25,345 51,675 50,164
Other 16,758 17,767 32,487 35,011
Total non-compensation expenses 226,072 218,979 439,645 427,839
Total non-interest expenses 706,842 623,855 1,285,630 1,340,614
Earnings before income taxes 84,712 99,137 97,596 281,406
Income tax expense 24,530 37,323 24,861 104,200
Net earnings 60,182 61,814 72,735 177,206
Net earnings attributable to noncontrolling interests 349 488 1,220 3,448
Net earnings attributable to Jefferies Group LLC $ 59,833 $ 61,326 $ 71,515 $ 173,758