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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2021
May 31, 2020
May 31, 2021
May 31, 2020
Statement of Comprehensive Income [Abstract]        
Net earnings $ 318,453 $ 128,896 $ 812,318 $ 300,261
Other comprehensive income (loss), net of tax:        
Currency translation and other adjustments [1] 3,482 (28,526) 14,421 (37,522)
Changes in instrument specific credit risk [2] (21,585) 148,738 (91,021) 171,734
Unrealized gains (losses) on available-for-sale securities (27) 196 (87) 433
Total other comprehensive income (loss), net of tax [3] (18,130) 120,408 (76,687) 134,645
Comprehensive income 300,323 249,304 735,631 434,906
Net loss attributable to noncontrolling interests (363) (1,842) (566) (3,866)
Comprehensive income attributable to Jefferies Group LLC $ 300,686 $ 251,146 $ 736,197 $ 438,772
[1] The amounts include income tax expenses of approximately $1.3 million and $4.5 million during the three and six months ended May 31, 2021, respectively, and income tax benefits of $8.8 million and $11.9 million during the three and six months ended May 31, 2020, respectively.
[2] The amounts include income tax benefits of approximately $7.1 million and $29.4 million during the three and six months ended May 31, 2021, respectively, and income tax expenses of $50.7 million and $58.6 million during the three and six months ended May 31, 2020, respectively. The amounts during the three and six months ended May 31, 2021 also includes net losses of $2.7 million and $2.9 million, respectively, net of income tax benefits of $0.8 million and $0.9 million, respectively, related to changes in instrument specific credit risk, which were reclassified to Principal transactions revenues in our Consolidated Statements of Earnings. The amounts during the three and six months ended May 31, 2020 includes net losses of $1.7 million and $2.0 million, respectively, net of income tax benefits of $0.4 million and $0.5 million, respectively, related to changes in instrument specific credit risk, which were reclassified to Principal transactions revenues in our Consolidated Statements of Earnings.
[3] None of the components of other comprehensive income (loss) are attributable to noncontrolling interests.