CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Aug. 31, 2020	Aug. 31, 2019
Cash flows from operating activities:
Net earnings	$ 567,792	$ 221,009
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	49,450	24,626
Goodwill impairment	3,000	0
(Income) loss on loans to and investments in related parties	25,524	(71,615)
Distributions received on investments in related parties	35,949	126,504
Other adjustments	218,431	81,362
Net change in assets and liabilities:
Securities deposited with clearing and depository organizations	(20,955)	(153)
Receivables:
Brokers, dealers and clearing organizations	265,354	268,337
Customers	534,057	330,869
Fees, interest and other	(25,628)	(27,007)
Securities borrowed	382,907	(1,410,295)
Financial instruments owned	(1,115,993)	(102,577)
Securities purchased under agreements to resell	(979,989)	(1,772,192)
Other assets	(235,829)	(74,840)
Payables:
Brokers, dealers and clearing organizations	(16,565)	(169,021)
Customers	128,167	422,840
Securities loaned	387,692	387,016
Financial instruments sold, not yet purchased	366,626	921,282
Securities sold under agreements to repurchase	(260,144)	(346,031)
Accrued expenses and other liabilities	835,964	(323,548)
Net cash provided by (used in) operating activities	1,145,810	(1,513,434)
Cash flows from investing activities:
Contributions to loans to and investments in related parties	(1,338,499)	(26,849)
Capital distributions from investments and repayments of loans from related parties	1,328,392	24,629
Net payments on premises and equipment	(82,651)	(71,392)
Net cash used in investing activities	(92,758)	(73,612)
Cash flows from financing activities:
Proceeds from short-term borrowings	1,563,800	1,418,000
Payments on short-term borrowings	(1,269,851)	(1,221,000)
Proceeds from issuance of long-term debt, net of issuance costs	521,170	908,332
Repayment of long-term debt	(675,909)	(756,614)
Distributions to Jefferies Financial Group Inc.	(164,644)	(208,647)
Net proceeds from other secured financings	323,899	939,953
Net change in bank overdrafts	(37,758)	(9,028)
Proceeds from contributions of noncontrolling interests	18,405	6,600
Payments on distributions to noncontrolling interests	(1,719)	(2,481)
Net cash provided by financing activities	277,393	1,075,115
Effect of exchange rate changes on cash, cash equivalents and restricted cash	19,723	(18,243)
Net increase (decrease) in cash, cash equivalents and restricted cash	1,350,168	(530,174)
Cash, cash equivalents and restricted cash at beginning of period	6,329,712	5,819,027
Cash, cash equivalents and restricted cash at end of period	7,679,880	5,288,853
Cash paid during the period for
Interest	834,180	1,205,380
Income taxes, net	$ 56,906	$ 72,925