XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2020
Aug. 31, 2019
Revenues:        
Revenues from contracts with customers $ 821,763 $ 586,876 $ 2,230,699 $ 1,636,618
Principal transactions 560,665 148,873 1,399,850 632,002
Asset management fees and revenues 6,772 4,220 23,068 16,350
Interest 195,960 383,596 702,569 1,163,022
Other 11,526 21,406 (6,020) 77,563
Total revenues 1,595,073 1,141,631 4,341,912 3,510,996
Interest expense 211,629 364,472 753,405 1,146,268
Net revenues 1,383,444 777,159 3,588,507 2,364,728
Non-interest expenses:        
Compensation and benefits 725,555 411,936 1,932,332 1,261,506
Non-compensation expenses:        
Floor brokerage and clearing fees 66,744 54,247 204,943 168,698
Technology and communications 102,635 86,649 287,413 247,464
Occupancy and equipment rental 27,053 29,300 78,951 87,587
Business development 7,637 36,526 45,953 103,430
Professional services 41,173 42,379 127,832 117,372
Underwriting costs 29,071 14,647 59,085 36,045
Other 20,175 18,400 80,351 41,828
Total non-compensation expenses 294,488 282,148 884,528 802,424
Total non-interest expenses 1,020,043 694,084 2,816,860 2,063,930
Earnings before income taxes 363,401 83,075 771,647 300,798
Income tax expense 95,870 18,250 203,855 79,789
Net earnings 267,531 64,825 567,792 221,009
Net earnings (loss) attributable to noncontrolling interests (531) (143) (4,397) 140
Net earnings attributable to Jefferies Group LLC 268,062 64,968 572,189 220,869
Commissions and other fees        
Revenues:        
Revenues from contracts with customers 204,313 171,003 627,115 493,843
Investment banking        
Revenues:        
Revenues from contracts with customers $ 615,837 $ 412,533 $ 1,595,330 $ 1,128,216