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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2019
Jun. 30, 2018
May 31, 2019
Jun. 30, 2018
Revenues:        
Revenues $ 1,510,371 $ 1,243,826 $ 2,705,383 $ 2,404,937
Interest expense 23,138 24,279 46,156 45,777
Net revenues 1,101,657 911,159 1,930,100 1,806,594
Expenses:        
Compensation and benefits 510,560 478,515 920,152 968,174
Cost of sales 80,415 90,690 147,336 172,625
Floor brokerage and clearing fees 60,387 45,046 112,255 87,222
Depreciation and amortization 36,786 31,905 70,720 60,065
Selling, general and other expenses 229,062 236,562 450,168 462,906
Total expenses 940,348 906,997 1,746,787 1,796,769
Income from continuing operations before income taxes and income related to associated companies 161,309 4,162 183,313 9,825
Income related to associated companies 22,170 33,353 49,483 65,453
Income from continuing operations before income taxes 183,479 37,515 232,796 75,278
Income tax provision (benefit) (488,797) 9,598 (486,495) (38,831)
Income from continuing operations 672,276 27,917 719,291 114,109
Income from discontinued operations, net of income tax provision of $0, $31,111, $0 and $47,045 0 77,106 0 130,063
Gain on disposal of discontinued operations, net of income tax provision of $0, $229,553, $0 and $229,553 0 643,921 0 643,921
Net income 672,276 748,944 719,291 888,093
Net (income) loss attributable to the noncontrolling interests 191 (136) (875) 1,208
Net income attributable to the redeemable noncontrolling interests (427) (22,108) (289) (36,904)
Preferred stock dividends (1,276) (1,171) (2,552) (2,343)
Net income attributable to Jefferies Financial Group Inc. common shareholders $ 670,764 $ 725,529 $ 715,575 $ 850,054
Basic earnings per common share attributable to Jefferies Financial Group Inc. common shareholders:        
Income from continuing operations (in dollars per share) $ 2.17 $ 0.08 $ 2.29 $ 0.31
Income from discontinued operations (in dollars per share) 0 0.15 0 0.26
Gain on disposal of discontinued operations (in dollars per share) 0 1.82 0 1.79
Net income (in dollars per share) 2.17 2.05 2.29 2.36
Diluted earnings per common share attributable to Jefferies Financial Group Inc. common shareholders:        
Income from continuing operations (in dollars per share) 2.14 0.08 2.25 0.31
Income from discontinued operations (in dollars per share) 0 0.15 0 0.25
Gain on disposal of discontinued operations (in dollars per share) 0 1.80 0 1.77
Net income (in dollars per share) $ 2.14 $ 2.03 $ 2.25 $ 2.33
Amounts attributable to Jefferies Financial Group Inc. common shareholders:        
Income from continuing operations, net of taxes $ 670,764 $ 27,193 $ 715,575 $ 113,211
Income from discontinued operations, net of taxes 0 54,415 0 92,922
Gain on disposal of discontinued operations, net of taxes 0 643,921 0 643,921
Net income attributable to Jefferies Financial Group Inc. common shareholders 670,764 725,529 715,575 850,054
Commissions and other fees        
Revenues:        
Revenues 159,685 157,704 306,819 305,606
Principal transactions        
Revenues:        
Revenues 240,189 53,755 486,371 199,418
Investment banking        
Revenues:        
Revenues 430,087 500,297 715,683 940,288
Interest income        
Revenues:        
Revenues 445,967 327,314 832,811 602,536
Manufacturing revenues        
Revenues:        
Revenues 90,237 114,735 165,662 213,100
Other        
Revenues:        
Revenues 144,206 90,021 198,037 143,989
Jefferies Group        
Revenues:        
Interest expense $ 408,714 $ 332,667 $ 775,283 $ 598,343