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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Member’s paid-in capital
Member’s paid-in capital
Adjustment for change in accounting principle for current expected credit losses
Accumulated other comprehensive income (loss), net of tax
Total Jefferies Group LLC member’s equity
Noncontrolling interests
Balance, beginning of period at Nov. 30, 2018   $ 6,376,662 $ 0 $ (196,169)   $ 1,911
Stockholders' Equity            
Net earnings (loss) $ 244,385 246,029       (1,644)
Contribution from Jefferies Financial Group Inc.   0        
Distributions to Jefferies Financial Group Inc.   (293,014)        
Currency translation and other adjustments 6,426 [1]     6,426    
Changes in instrument specific credit risk (13,161) [2]     (13,161)    
Cash flow hedges (470) [3]     (470)    
Pension adjustments (1,318) [4]     (1,318)    
Unrealized gain on available-for-sale securities 487     487    
Contributions           6,600
Distributions           (2,592)
Balance, end of period at Nov. 30, 2019 6,129,747 6,329,677 0 (204,205) $ 6,125,472 4,275
Stockholders' Equity            
Net earnings (loss) 874,706 879,303       (4,597)
Contribution from Jefferies Financial Group Inc.   0        
Distributions to Jefferies Financial Group Inc.   (639,652)        
Currency translation and other adjustments 37,535 [1]     37,535    
Changes in instrument specific credit risk (52,262) [2]     (52,262)    
Cash flow hedges 0 [3]     0    
Pension adjustments (2,025) [4]     (2,025)    
Unrealized gain on available-for-sale securities 372     372    
Contributions           19,405
Distributions           (1,694)
Balance, end of period at Nov. 30, 2020 6,366,132 6,569,328 $ 2,698 (220,585) 6,348,743 17,389
Stockholders' Equity            
Net earnings (loss) 1,624,724 1,618,731       5,993
Contribution from Jefferies Financial Group Inc.   153,557        
Distributions to Jefferies Financial Group Inc.   (962,923)        
Currency translation and other adjustments (9,818) [1]     (9,818)    
Changes in instrument specific credit risk (82,521) [2]     (82,521)    
Cash flow hedges 0 [3]     0    
Pension adjustments (739) [4]     (739)    
Unrealized gain on available-for-sale securities (244)     (244)    
Contributions           2,892
Distributions           (15,150)
Balance, end of period at Nov. 30, 2021 $ 7,078,608 $ 7,381,391   $ (313,907) $ 7,067,484 $ 11,124
[1] The amounts include income tax benefits (expenses) of approximately $0.6 million, $(11.9) million and $(3.2) million during the years ended November 30, 2021, 2020 and 2019, respectively.
[2] The amounts include income tax benefits of approximately $26.7 million, $16.4 million and $4.5 million for the years ended November 30, 2021, 2020 and 2019, respectively. The amounts for the years ended November 30, 2021, 2020 and 2019 include net gains (losses) of $(1.9) million, $(0.4) million and $0.4 million, respectively, net of tax benefits (expenses) of $0.6 million, $0.1 million and $(0.2) million, respectively, related to changes in instrument specific risk, which were reclassified to Principal transactions revenues within the Consolidated Statements of Earnings.
[3] The includes income tax benefits of approximately $0.2 million for the year ended 2019. The cash flow hedge loss of $0.5 million during the year ended November 30, 2019 was reclassified to Other revenues within the Consolidated Statement of Earnings.
[4] The amounts include income tax benefits of $0.2 million, $0.7 million and $0.5 million for the years ended November 30, 2021, 2020 and 2019, respectively. The amounts during the years ended November 30, 2021 and 2020, include pension net gains of $0.4 million and $0.5 million, respectively, net of tax of $0.1 million and $0.2 million, respectively, which were reclassified to Compensation and benefits expenses within the Consolidated Statements of Earnings. The amount during the year ended November 30, 2019 includes pension net gains of $0.1 million, net of negligible tax expenses, which were reclassified to Compensation and benefits expenses within the Consolidated Statements of Earnings.