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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2020
Aug. 31, 2019
Statement of Comprehensive Income [Abstract]        
Net earnings $ 267,531 $ 64,825 $ 567,792 $ 221,009
Other comprehensive income (loss), net of tax:        
Currency translation adjustments and other [1] 74,960 (28,023) 37,438 (34,208)
Changes in instrument specific credit risk [2] (133,259) 5,889 38,475 26,533
Cash flow hedges [3] 0 0 0 (470)
Unrealized gain (loss) on available-for-sale securities [4] (22) 198 411 577
Total other comprehensive income (loss), net of tax [5] (58,321) (21,936) 76,324 (7,568)
Comprehensive income 209,210 42,889 644,116 213,441
Net earnings (loss) attributable to noncontrolling interests (531) (143) (4,397) 140
Comprehensive income attributable to Jefferies Group LLC $ 209,741 $ 43,032 $ 648,513 $ 213,301
[1]
The amounts include income tax expenses of approximately $(25.6) million and $(13.7) million during the three and nine months ended August 31, 2020, respectively, and income tax benefits of $8.9 million and $10.6 million during the three and nine months ended August 31, 2019, respectively.
[2]
The amounts include income tax benefits (expenses) of approximately $45.5 million and $(13.1) million during the three and nine months ended August 31, 2020, respectively, and income tax expenses of approximately $2.0 million and $9.0 million for the three and nine months ended August 31, 2019, respectively. The amounts during the three and nine months ended August 31, 2020 also include net gains (losses) of $0.6 million and $(0.9) million, respectively, net of income tax (expenses) benefits of $(0.2) million and $0.3 million, respectively, related to changes in instrument specific risk, which were reclassified to Principal transactions revenues in our Consolidated Statements of Earnings. The amount during the nine months ended August 31, 2019 also includes a net gain of $0.5 million, net of taxes of $0.2 million, related to changes in instrument specific risk, which was reclassified to Principal transactions revenues in our Consolidated Statements of Earnings.
[3]
The amount during the nine months ended August 31, 2019 includes income tax benefits of $0.2 million. Cash flow hedge losses of $0.5 million were reclassified to Other revenues within the Consolidated Statement of Earnings.
[4]
The amounts include income tax expenses of $0.2 million during the nine months ended August 31, 2020, and income tax expense of $0.2 million during the nine months ended August 31, 2019.
[5]
None of the components of other comprehensive income (loss) are attributable to noncontrolling interests.