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CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2019
Aug. 31, 2018
Aug. 31, 2019
Aug. 31, 2018
Revenues:        
Revenue from contracts with customers $ 586,876 $ 633,210 $ 1,636,618 $ 1,903,938
Principal transactions 148,873 143,308 632,002 498,583
Interest 383,596 305,347 1,163,022 870,490
Other 22,286 6,420 79,354 58,678
Total revenues 1,141,631 1,088,285 3,510,996 3,331,689
Interest expense 364,472 310,670 1,146,268 910,271
Net revenues 777,159 777,615 2,364,728 2,421,418
Non-interest expenses:        
Compensation and benefits 411,936 428,033 1,261,506 1,327,760
Non-compensation expenses:        
Floor brokerage and clearing fees 54,247 45,745 168,698 135,808
Technology and communications 86,649 76,877 247,464 222,335
Occupancy and equipment rental 29,300 25,559 87,587 75,143
Business development 36,526 39,733 103,430 124,233
Professional services 42,379 35,316 117,372 101,715
Underwriting costs 14,647 20,528 36,045 47,832
Other 18,400 18,723 41,828 54,888
Total non-compensation expenses 282,148 262,481 802,424 761,954
Total non-interest expenses 694,084 690,514 2,063,930 2,089,714
Earnings before income taxes 83,075 87,101 300,798 331,704
Income tax expense 18,250 26,923 79,789 234,337
Net earnings 64,825 60,178 221,009 97,367
Net earnings (loss) attributable to noncontrolling interests (143) (4) 140 (1)
Net earnings attributable to Jefferies Group LLC 64,968 60,182 220,869 97,368
Commissions and other fees        
Revenues:        
Revenue from contracts with customers 171,003 162,700 493,843 482,194
Investment banking        
Revenues:        
Revenue from contracts with customers 412,533 465,326 1,128,216 1,405,614
Asset management fees        
Revenues:        
Revenue from contracts with customers $ 3,340 $ 5,184 $ 14,559 $ 16,130