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Schedule I (PARENT COMPANY ONLY) - CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Details) - USD ($)
$ in Thousands
12 Months Ended
Nov. 30, 2023
Nov. 30, 2022
Nov. 30, 2021
Revenues      
Total revenues $ 7,441,399 $ 7,149,263 $ 8,945,464
Interest expense 2,740,982 1,170,425 931,638
Net revenues 4,700,417 5,978,838 8,013,826
Non-interest expenses      
Total non-interest expenses 4,346,148 4,923,276 5,759,721
Earnings before income taxes 354,269 1,055,562 2,254,105
Income tax benefit 91,881 273,852 576,729
Net earnings 262,388 781,710 1,677,376
Preferred stock dividends 14,616 8,281 6,949
Net earnings attributable to Jefferies Financial Group Inc. 275,672 777,168 1,667,403
Other comprehensive income (loss), net of tax:      
Currency translation adjustments and other [1] 57,530 (53,572) (9,781)
Change in fair value related to instrument-specific credit risk [2] (77,420) 49,146 (82,521)
Minimum pension liability adjustments [3] 2,467 3,311 9,320
Unrealized gain (losses) on available-for-sale securities 1,297 (6,161) (244)
Total other comprehensive loss, net of tax [4] (16,126) (7,276) (83,226)
Comprehensive income attributable to Jefferies Financial Group Inc. common shareholders 246,946 769,892 1,584,177
Investment banking      
Revenues      
Total revenues 2,169,366 2,807,822 4,365,699
Parent company      
Revenues      
Principal transactions (95,642) (61,407) 98,373
Interest 580,485 317,020 213,910
Other (3,654) (66,539) 101,203
Total revenues 481,189 189,074 413,486
Interest expense 446,786 317,916 318,138
Net revenues 34,403 (128,842) 95,348
Non-interest expenses      
Total non-interest expenses 34,462 69,962 147,761
Earnings before income taxes (59) (198,804) (52,413)
Income tax benefit (42,322) (78,338) (11,806)
Net earnings 42,263 (120,466) (40,607)
Undistributed earnings of subsidiaries 235,425 905,915 1,714,959
Net earnings 277,688 785,449 1,674,352
Preferred stock dividends 14,616 8,281 6,949
Net earnings attributable to Jefferies Financial Group Inc. 263,072 777,168 1,667,403
Other comprehensive income (loss), net of tax:      
Currency translation adjustments and other 57,530 (53,572) (9,781)
Change in fair value related to instrument-specific credit risk (77,420) 49,146 (82,521)
Minimum pension liability adjustments 2,467 3,311 9,320
Unrealized gain (losses) on available-for-sale securities 1,297 (6,161) (244)
Total other comprehensive loss, net of tax (16,126) (7,276) (83,226)
Comprehensive income attributable to Jefferies Financial Group Inc. common shareholders $ 246,946 $ 769,892 $ 1,584,177
[1] Includes income tax benefits (expenses) of approximately $(3.1) million, $15.6 million and $0.6 million during the years ended November 30, 2023, 2022 and 2021, respectively.
[2] The amounts include income tax benefits (expenses) of approximately $29.0 million, $(15.6) million and $26.7 million for the years ended November 30, 2023, 2022 and 2021, respectively. Refer to Note 22, Accumulated Other Comprehensive Income for additional information of fair value changes related to instrument-specific risk, which were reclassified to Principal transactions revenues within the Consolidated Statements of Earnings.
[3] Refer to Note 22, Accumulated Other Comprehensive Income for additional information of pension liability adjustments that were reclassified to Compensation and benefits expenses within the Consolidated Statements of Earnings.
[4] None of the components of other comprehensive income (loss) are attributable to noncontrolling interests, redeemable noncontrolling interest or preferred stock dividends.