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Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2015
Aug. 31, 2014
Aug. 31, 2015
Aug. 31, 2014
Revenues:        
Commissions and other fees $ 172,284 $ 159,085 $ 512,714 $ 488,526
Principal transactions (50,297) 144,354 211,142 566,133
Investment banking 389,820 467,793 1,066,077 1,213,262
Asset management fees and investment income (loss) from managed funds 4,182 8,463 (5) 15,319
Interest 230,805 249,251 700,227 782,059
Other 34,329 26,489 82,810 57,962
Total revenues 781,123 1,055,435 2,572,965 3,123,261
Interest expense 202,195 212,126 610,811 657,932
Net revenues 578,928 843,309 1,962,154 2,465,329
Non-interest expenses:        
Compensation and benefits 336,499 477,268 1,182,484 1,390,043
Non-compensation expenses:        
Floor brokerage and clearing fees 45,307 55,967 159,100 159,500
Technology and communications 89,378 67,286 234,126 201,849
Occupancy and equipment rental 25,967 28,477 74,571 81,652
Business development 30,527 27,800 78,865 79,193
Professional services 24,684 31,231 76,359 81,395
Other 19,473 19,645 51,960 54,656
Total non-compensation expenses 235,336 230,406 674,981 658,245
Total non-interest expenses 571,835 707,674 1,857,465 2,048,288
Earnings before income taxes 7,093 135,635 104,689 417,041
Income tax expense 4,609 51,762 29,470 155,962
Net earnings 2,484 83,873 75,219 261,079
Net earnings attributable to noncontrolling interests 427 312 1,647 3,760
Net earnings attributable to Jefferies Group LLC $ 2,057 $ 83,561 $ 73,572 $ 257,319