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CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2021
May 31, 2020
May 31, 2021
May 31, 2020
Revenues:        
Revenues from contracts with customers $ 1,225,658 $ 632,995 $ 2,473,171 $ 1,408,936
Principal transactions 325,059 467,283 1,116,278 839,185
Asset management fees and revenues 14,567 4,576 51,950 16,296
Interest 206,958 211,941 425,979 506,609
Other 66,769 (47,275) 127,357 (17,546)
Total revenues 1,836,696 1,267,283 4,185,507 2,746,839
Interest expense 219,278 232,916 438,723 541,776
Net revenues 1,617,418 1,034,367 3,746,784 2,205,063
Non-interest expenses:        
Compensation and benefits 789,836 571,547 1,909,730 1,206,777
Non-compensation expenses:        
Floor brokerage and clearing fees 76,617 77,619 153,197 138,199
Technology and communications 107,962 95,594 212,303 184,778
Occupancy and equipment rental 32,839 24,395 60,829 51,898
Business development 27,023 8,359 45,004 38,316
Professional services 59,780 41,994 104,068 86,659
Underwriting costs 33,031 12,485 69,167 30,014
Other 61,031 29,506 92,017 60,176
Total non-compensation expenses 398,283 289,952 736,585 590,040
Total non-interest expenses 1,188,119 861,499 2,646,315 1,796,817
Earnings before income taxes 429,299 172,868 1,100,469 408,246
Income tax expense 110,846 43,972 288,151 107,985
Net earnings 318,453 128,896 812,318 300,261
Net loss attributable to noncontrolling interests (363) (1,842) (566) (3,866)
Net earnings attributable to Jefferies Group LLC 318,816 130,738 812,884 304,127
Commissions and other fees        
Revenues:        
Revenues from contracts with customers 222,643 243,267 459,581 422,802
Investment banking        
Revenues:        
Revenues from contracts with customers $ 1,000,700 $ 387,491 $ 2,004,362 $ 979,493