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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Feb. 29, 2016
Feb. 28, 2015
Cash flows from operating activities:    
Net earnings (loss) $ (166,769) $ 12,553
Adjustments to reconcile net earnings (loss) to net cash used in operating activities:    
Depreciation and amortization (2,735) 3,327
(Income) loss on loans to and investments in related parties 23,416 (20,689)
Distributions received on investments in related parties 0 9,765
Other adjustments 8,670 (62,770)
Net change in assets and liabilities:    
Cash and securities segregated and on deposit for regulatory purposes or deposited with clearing and depository organizations 70,939 257,319
Receivables:    
Brokers, dealers and clearing organizations (211,449) (39,313)
Customers 13,863 (93,823)
Fees, interest and other (15,898) (14,530)
Securities borrowed (385,463) 285,891
Financial instruments owned 2,830,082 (471,101)
Investments in managed funds 1,551 19,686
Securities purchased under agreements to resell 298,260 179,290
Other assets (392,950) (107,908)
Payables:    
Brokers, dealers and clearing organizations (1,477,131) 384,163
Customers (180,980) (1,481,640)
Securities loaned (295,559) 575,750
Financial instruments sold, not yet purchased 750,826 (966,190)
Securities sold under agreements to repurchase (1,721,276) 654,705
Accrued expenses and other liabilities (247,374) (494,018)
Net cash used in operating activities (1,099,977) (1,369,533)
Cash flows from investing activities:    
Contributions to loans to and investments in related parties (141,735) (600,844)
Distributions from loans to and investments in related parties 188,108 558,335
Net payments on premises and equipment (20,958) (17,381)
Payment on purchase of aircraft (27,500) 0
Deconsolidation of asset management entity (39) 0
Cash received from contingent consideration 466 996
Net cash used in investing activities (1,658) (58,894)
Cash flows from financing activities:    
Excess tax benefits from the issuance of share-based awards 162 245
Proceeds from short-term borrowings 1,397,552 3,385,000
Payments on short-term borrowings (1,396,326) (2,985,002)
Proceeds from secured credit facility 0 611,000
Payments on secured credit facility 0 (576,000)
Net proceeds from other secured financings 134,435 254,778
Net proceeds from issuance of structured notes, net of issuance costs 43,538 0
Net proceeds from issuance of secured notes, net of issuance costs 22,196 0
Net cash provided by financing activities 201,557 690,021
Effect of exchange rate changes on cash and cash equivalents (10,448) (1,597)
Net decrease in cash and cash equivalents (910,526) (740,003)
Cash and cash equivalents at beginning of period 3,510,163 4,079,968
Cash and cash equivalents at end of period 2,599,637 3,339,965
Cash paid (received) during the period for:    
Interest 188,217 180,068
Income taxes, net $ (7,450) $ 701