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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Aug. 31, 2022
Aug. 31, 2021
Revenues:        
Revenues $ 1,836,927 $ 2,140,594 $ 5,397,874 $ 7,010,511
Interest expense 10,220 19,518 28,619 59,828
Net revenues 1,524,890 1,938,984 4,625,887 6,376,433
Expenses:        
Cost of sales 123,436 151,510 349,556 390,916
Compensation and benefits 558,462 802,243 1,926,623 2,806,028
Non-compensation expenses:        
Floor brokerage and clearing fees 84,686 68,982 262,663 222,208
Selling, general and other expenses 398,222 277,262 1,011,760 890,759
Interest expense 10,220 19,518 28,619 59,828
Depreciation and amortization 43,187 38,677 129,431 116,884
Total non-compensation expenses 536,315 404,439 1,432,473 1,289,679
Total expenses 1,218,213 1,358,192 3,708,652 4,486,623
Income before income taxes and loss related to associated companies 306,677 580,792 917,235 1,889,810
Loss related to associated companies (4,827) (27,176) (56,512) (61,270)
Income before income taxes 301,850 553,616 860,723 1,828,540
Income tax provision 105,909 145,700 219,949 484,756
Net income 195,941 407,916 640,774 1,343,784
Net loss attributable to the noncontrolling interests 1,243 1,324 1,116 2,736
Net loss attributable to the redeemable noncontrolling interests 345 68 1,241 1,071
Preferred stock dividends (2,070) (1,849) (6,211) (5,101)
Net income attributable to Jefferies Financial Group Inc. common shareholders $ 195,459 $ 407,459 $ 636,920 $ 1,342,490
Basic earnings per common share attributable to Jefferies Financial Group Inc. common shareholders:        
Net income (in dollars per share) $ 0.80 $ 1.54 $ 2.54 $ 5.05
Diluted earnings per common share attributable to Jefferies Financial Group Inc. common shareholders:        
Net income (in dollars per share) $ 0.78 $ 1.50 $ 2.48 $ 4.93
Jefferies Group        
Revenues:        
Interest expense $ 312,037 $ 201,610 $ 771,987 $ 634,078
Non-compensation expenses:        
Interest expense 312,037 201,610 771,987 634,078
Commissions and other fees        
Revenues:        
Revenues 221,397 214,363 705,419 673,756
Principal transactions        
Revenues:        
Revenues 200,889 232,110 654,633 1,513,034
Investment banking        
Revenues:        
Revenues 709,334 1,180,620 2,255,241 3,184,932
Interest income        
Revenues:        
Revenues 318,216 220,278 776,896 691,223
Other        
Revenues:        
Revenues $ 387,091 $ 293,223 $ 1,005,685 $ 947,566