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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
12 Months Ended
Nov. 30, 2022
Nov. 30, 2021
[1]
Nov. 30, 2020
[1]
Revenues      
Revenues $ 7,149,263 $ 8,945,464 $ 6,880,447
Interest expense 1,170,425 931,638 1,029,926
Net revenues 5,978,838 8,013,826 5,850,521
Non-interest expenses      
Compensation and benefits 2,589,044 3,554,760 2,944,071
Floor brokerage and clearing fees 347,805 301,860 266,592
Underwriting costs 42,067 117,572 95,636
Technology and communications 444,011 388,134 335,065
Occupancy and equipment rental 108,001 106,254 95,754
Business development 150,500 109,772 70,797
Professional services 240,978 215,761 176,280
Depreciation and amortization 172,902 157,420 158,439
Cost of sales 440,837 470,870 338,588
Other expenses 387,131 337,318 302,216
Total non-interest expenses 4,923,276 5,759,721 4,783,438
Earnings before income taxes 1,055,562 2,254,105 1,067,083
Income tax expense 273,852 576,729 298,673
Net earnings 781,710 1,677,376 768,410
Net earnings (loss) attributable to noncontrolling interests (2,397) 3,850 (5,271)
Net loss attributable to redeemable noncontrolling interests (1,342) (826) (1,558)
Preferred stock dividends 8,281 6,949 5,634
Net earnings attributable to Jefferies Financial Group Inc. $ 777,168 $ 1,667,403 $ 769,605
Basic earnings per common share (in USD per share) $ 3.13 $ 6.29 $ 2.68
Diluted earnings per common share (in USD per share) $ 3.06 $ 6.13 $ 2.65
Investment banking      
Revenues      
Revenues $ 2,807,822 $ 4,365,699 $ 2,501,494
Principal transactions      
Revenues      
Revenues 833,757 1,617,336 1,928,143
Commissions and other fees      
Revenues      
Revenues 925,494 896,015 822,248
Asset management fees      
Revenues      
Revenues 80,264 72,084 34,209
Interest      
Revenues      
Revenues 1,183,638 956,318 1,009,548
Other contracts with customers      
Revenues      
Revenues $ 1,318,288 $ 1,038,012 $ 584,805
[1] See Note 1 for a description of financial statement presentation changes made as a result of our Merger with Jefferies Group.