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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2019
Sep. 30, 2018
Aug. 31, 2019
Sep. 30, 2018
Revenues:        
Revenues $ 1,223,156 $ 1,458,977 $ 3,928,539 $ 3,863,914
Interest expense 23,663 28,837 69,819 74,614
Net revenues 856,778 1,150,846 2,786,878 2,957,440
Expenses:        
Compensation and benefits 446,882 461,265 1,367,034 1,429,439
Cost of sales 85,773 84,876 233,109 257,501
Floor brokerage and clearing fees 50,858 44,570 163,113 131,792
Depreciation and amortization 39,880 32,295 110,600 92,360
Selling, general and other expenses 268,742 245,178 718,910 708,084
Total expenses 915,798 897,021 2,662,585 2,693,790
Income (loss) from continuing operations before income taxes and income related to associated companies (59,020) 253,825 124,293 263,650
Income related to associated companies 72,283 18,867 121,766 84,320
Income from continuing operations before income taxes 13,263 272,692 246,059 347,970
Income tax provision (benefit) (36,131) 90,391 (522,626) 51,560
Income from continuing operations 49,394 182,301 768,685 296,410
Income from discontinued operations, net of income tax provision of $0, $0, $0 and $47,045 0 0 0 130,063
Gain on disposal of discontinued operations, net of income tax provision of $0, $0, $0 and $229,553 0 0 0 643,921
Net income 49,394 182,301 768,685 1,070,394
Net (income) loss attributable to the noncontrolling interests 116 12,000 (759) 13,208
Net (income) loss attributable to the redeemable noncontrolling interests 242 (390) (47) (37,294)
Preferred stock dividends (1,275) (1,276) (3,827) (3,619)
Net income attributable to Jefferies Financial Group Inc. common shareholders $ 48,477 $ 192,635 $ 764,052 $ 1,042,689
Basic earnings per common share attributable to Jefferies Financial Group Inc. common shareholders:        
Income from continuing operations (in dollars per share) $ 0.16 $ 0.56 $ 2.44 $ 0.86
Income from discontinued operations (in dollars per share) 0 0 0 0.26
Gain on disposal of discontinued operations (in dollars per share) 0 0 0 1.82
Net income (in dollars per share) 0.16 0.56 2.44 2.94
Diluted earnings per common share attributable to Jefferies Financial Group Inc. common shareholders:        
Income from continuing operations (in dollars per share) 0.15 0.55 2.41 0.85
Income from discontinued operations (in dollars per share) 0 0 0 0.26
Gain on disposal of discontinued operations (in dollars per share) 0 0 0 1.80
Net income (in dollars per share) $ 0.15 $ 0.55 $ 2.41 $ 2.91
Amounts attributable to Jefferies Financial Group Inc. common shareholders:        
Income from continuing operations, net of taxes $ 48,477 $ 192,635 $ 764,052 $ 305,846
Income from discontinued operations, net of taxes 0 0 0 92,922
Gain on disposal of discontinued operations, net of taxes 0 0 0 643,921
Net income attributable to Jefferies Financial Group Inc. common shareholders 48,477 192,635 764,052 1,042,689
Commissions and other fees        
Revenues:        
Revenues 171,000 162,578 493,560 481,672
Principal transactions        
Revenues:        
Revenues (20,920) 116,204 465,451 315,622
Investment banking        
Revenues:        
Revenues 410,796 460,043 1,126,479 1,400,331
Interest income        
Revenues:        
Revenues 410,467 336,736 1,243,278 939,272
Manufacturing revenues        
Revenues:        
Revenues 82,565 94,029 248,227 307,129
Other        
Revenues:        
Revenues 169,248 289,387 351,544 419,888
Jefferies Group        
Revenues:        
Interest expense $ 366,378 $ 308,131 $ 1,141,661 $ 906,474