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CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Feb. 28, 2021
Feb. 29, 2020
Revenues:    
Revenues from contracts with customers $ 1,247,513 $ 775,941
Principal transactions 791,219 371,902
Asset management fees and revenues 37,383 11,720
Interest 219,021 294,668
Other 60,588 29,729
Total revenues 2,348,811 1,479,556
Interest expense 219,445 308,860
Net revenues 2,129,366 1,170,696
Non-interest expenses:    
Compensation and benefits 1,119,894 635,230
Non-compensation expenses:    
Floor brokerage and clearing fees 76,580 60,580
Technology and communications 104,341 89,184
Occupancy and equipment rental 27,990 27,503
Business development 17,981 29,957
Professional services 44,288 44,665
Underwriting costs 36,136 17,529
Other 30,986 30,670
Total non-compensation expenses 338,302 300,088
Total non-interest expenses 1,458,196 935,318
Earnings before income taxes 671,170 235,378
Income tax expense 177,305 64,013
Net earnings 493,865 171,365
Net loss attributable to noncontrolling interests (203) (2,024)
Net earnings attributable to Jefferies Group LLC 494,068 173,389
Commissions and other fees    
Revenues:    
Revenues from contracts with customers 236,938 179,535
Investment banking    
Revenues:    
Revenues from contracts with customers $ 1,003,662 $ 592,002