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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Net cash flows from operating activities:    
Net income $ 640,774 $ 1,343,784
Adjustments to reconcile net income to net cash provided by operations:    
Deferred income tax benefit (47,003) (32,865)
Depreciation and amortization 133,081 125,957
Share-based compensation 32,960 71,219
Provision for doubtful accounts 31,246 48,091
(Income) loss related to associated companies 19,655 (125,962)
Distributions from associated companies 73,405 49,068
Gain on sale of subsidiaries (144,301) 0
Net change in:    
Securities deposited with clearing and depository organizations 0 34,237
Financial instruments owned, at fair value (467,219) (1,603,274)
Securities borrowed (226,045) 724,187
Securities purchased under agreements to resell 3,490,151 (2,911,738)
Receivables from brokers, dealers and clearing organizations 974,330 264,375
Receivables from customers of securities operations 148,994 (581,647)
Other receivables 9,390 (107,228)
Other assets (78,756) (86,865)
Financial instruments sold, not yet purchased, at fair value (70,700) 2,724,767
Securities loaned (191,463) (48,397)
Securities sold under agreements to repurchase (843,502) (748,003)
Payables to brokers, dealers and clearing organizations 516,573 708,810
Payables to customers of securities operations (792,280) 39,890
Lease liabilities (59,677) (46,991)
Trade payables, expense accruals and other liabilities (1,099,640) 302,689
Other (602,781) (57,559)
Net cash provided by operating activities 1,447,192 86,545
Net cash flows from investing activities:    
Acquisitions of property, equipment and leasehold improvements, and other assets (131,994) (115,998)
Proceeds from Divestiture of Businesses, Net of Cash Divested 209,274 0
Advances on notes, loans and other receivables (413,490) (454,916)
Collections on notes, loans and other receivables 344,207 294,675
Loans to and investments in associated companies (370,665) (2,291,788)
Capital distributions and loan repayments from associated companies 265,651 2,308,786
Deconsolidation of asset management entity (21,221) 0
Other 12,128 2,575
Net cash used for investing activities (106,110) (256,666)
Net cash flows from financing activities:    
Issuance of debt, net of issuance costs 3,792,858 1,465,707
Repayment of debt (3,200,762) (1,580,894)
Net change in other secured financings (2,332,733) 1,051,357
Net change in bank overdrafts (5,238) (6,350)
Distributions to noncontrolling interests 0 (15,997)
Contributions from noncontrolling interests 64,298 3,590
Purchase of common shares for treasury (738,572) (181,866)
Dividends paid (211,774) (161,330)
Other 2,187 1,631
Net cash provided by (used for) financing activities (2,629,736) 575,848
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (20,183) 1,704
Net increase (decrease) in cash, cash equivalents and restricted cash (1,308,837) 407,431
Cash, cash equivalents and restricted cash at beginning of period 11,828,304 9,664,972
Cash, cash equivalents and restricted cash at end of period $ 10,519,467 $ 10,072,403