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CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2018
Aug. 31, 2017
Aug. 31, 2018
Aug. 31, 2017
Revenues:        
Commissions and other fees $ 155,539 $ 139,082 $ 461,545 $ 437,547
Principal transactions 143,308 186,408 498,583 688,568
Investment banking 465,326 475,702 1,405,614 1,235,586
Asset management fees 5,184 4,272 16,130 16,368
Interest 305,347 230,496 870,490 660,323
Other 13,581 12,371 79,327 58,691
Total revenues 1,088,285 1,048,331 3,331,689 3,097,083
Interest expense 310,670 247,639 910,271 721,584
Net revenues 777,615 800,692 2,421,418 2,375,499
Non-interest expenses:        
Compensation and benefits 428,033 462,933 1,327,760 1,373,627
Non-compensation expenses:        
Floor brokerage and clearing fees 45,745 44,869 135,808 138,221
Underwriting costs 20,528 0 47,832 0
Technology and communications 76,877 72,440 222,335 205,425
Occupancy and equipment rental 25,559 27,736 75,143 77,145
Business development 39,733 23,125 124,233 72,223
Professional services 35,316 25,007 101,715 83,544
Other 18,723 22,318 54,888 62,670
Total non-compensation expenses 262,481 215,495 761,954 639,228
Total non-interest expenses 690,514 678,428 2,089,714 2,012,855
Earnings before income taxes 87,101 122,264 331,704 362,644
Income tax expense 26,923 38,439 234,337 95,009
Net earnings 60,178 83,825 97,367 267,635
Net earnings (loss) attributable to noncontrolling interests (4) 10 (1) 50
Net earnings attributable to Jefferies Group LLC $ 60,182 $ 83,815 $ 97,368 $ 267,585