CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Nov. 30, 2021	Nov. 30, 2020	Nov. 30, 2019
Cash flows from operating activities:
Net earnings	$ 1,624,724	$ 874,706	$ 244,385
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	60,911	51,346	40,942
Goodwill impairment	400	3,000	0
Deferred income taxes	90,356	(17,741)	22,032
Bad debt expense	36,569	19,010	1,582
Income on loans to and investments in related parties	(205,091)	(14,329)	(85,169)
Distributions received on investments in related parties	57,346	35,949	144,320
Other adjustments	(138,264)	245,005	61,915
Net change in assets and liabilities:
Securities deposited with clearing and depository organizations	34,237	751	(169)
Receivables:
Brokers, dealers and clearing organizations	(778,371)	(1,147,961)	210,994
Customers	(328,978)	203,952	526,238
Fees, interest and other	(67,861)	(87,215)	2,111
Securities borrowed	520,455	714,664	(1,103,708)
Financial instruments owned	(1,659,697)	(1,253,249)	35,908
Securities purchased under agreements to resell	(2,552,607)	(752,171)	(1,523,222)
Other assets	2,835	145,177	(42,126)
Payables:
Brokers, dealers and clearing organizations	2,490,443	764,213	111,757
Customers	210,524	442,913	631,854
Securities loaned	(282,403)	270,261	(301,727)
Financial instruments sold, not yet purchased	1,682,645	(604,669)	1,051,600
Securities sold under agreements to repurchase	133,423	799,794	(1,122,982)
Lease liabilities	(58,007)	(46,482)	0
Accrued expenses and other liabilities	466,110	1,150,134	(126,684)
Net cash provided by (used in) operating activities	1,339,699	1,797,058	(1,220,149)
Cash flows from investing activities:
Contributions to loans to and investments in related parties	(2,270,446)	(1,569,671)	(32,669)
Capital distributions from investments and repayments of loans from related parties	2,258,844	1,491,081	24,629
Net payments on premises and equipment	(117,606)	(101,311)	(116,330)
Transfer of net assets from Jefferies Financial Group Inc.	(2,173)	0	0
Net cash used in investing activities	(131,381)	(179,901)	(124,370)
Cash flows from financing activities:
Proceeds from short-term borrowings	1,005,000	1,619,820	1,732,232
Payments on short-term borrowings	(1,556,090)	(1,368,255)	(1,597,773)
Proceeds from issuance of long-term debt, net of issuance costs	2,166,865	1,169,722	1,239,891
Repayment of long-term debt	(923,809)	(1,494,696)	(823,875)
Contributions from Jefferies Financial Group Inc.	153,557	0	0
Distributions to Jefferies Financial Group Inc.	(923,432)	(498,674)	(311,131)
Net proceeds from other secured financings	1,023,678	305,873	1,586,347
Net change in bank overdrafts	8,216	(34,663)	26,568
Proceeds from contributions of noncontrolling interests	2,892	19,405	6,600
Payments on distributions to noncontrolling interests	(15,150)	(1,694)	(2,592)
Net cash provided by (used in) financing activities	941,727	(283,162)	1,856,267
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(3,387)	18,306	(1,063)
Net increase in cash, cash equivalents and restricted cash	2,146,658	1,352,301	510,685
Cash, cash equivalents and restricted cash at beginning of period	7,682,013	6,329,712	5,819,027
Cash, cash equivalents and restricted cash at end of period	9,828,671	7,682,013	6,329,712
Cash paid during the period for:
Interest	861,168	999,576	1,480,559
Income taxes, net	$ 695,952	$ 115,053	$ 84,119