Consolidated Statements of Earnings (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
May 31, 2016 |
May 31, 2015 |
May 31, 2016 |
May 31, 2015 |
|
| Revenues: | ||||
| Commissions and other fees | $ 146,157 | $ 173,508 | $ 301,981 | $ 340,430 |
| Principal transactions | 318,180 | 155,962 | 214,807 | 261,439 |
| Investment banking | 253,046 | 404,262 | 483,976 | 676,257 |
| Asset management fees and investment income (loss) from managed funds | 4,336 | 5,650 | 13,866 | (4,187) |
| Interest | 220,175 | 240,552 | 442,120 | 469,422 |
| Other | (4,977) | 28,576 | (26,728) | 48,481 |
| Total revenues | 936,917 | 1,008,510 | 1,430,022 | 1,791,842 |
| Interest expense | 217,509 | 216,956 | 411,627 | 408,616 |
| Net revenues | 719,408 | 791,554 | 1,018,395 | 1,383,226 |
| Non-interest expenses: | ||||
| Compensation and benefits | 415,316 | 480,770 | 765,059 | 845,985 |
| Non-compensation expenses: | ||||
| Floor brokerage and clearing fees | 43,591 | 58,713 | 84,070 | 113,793 |
| Technology and communications | 66,499 | 72,361 | 131,488 | 144,748 |
| Occupancy and equipment rental | 24,926 | 24,420 | 49,511 | 48,604 |
| Business development | 22,587 | 26,401 | 47,441 | 48,338 |
| Professional services | 29,526 | 27,419 | 53,038 | 51,675 |
| Other | 14,366 | 16,758 | 35,067 | 32,487 |
| Total non-compensation expenses | 201,495 | 226,072 | 400,615 | 439,645 |
| Total non-interest expenses | 616,811 | 706,842 | 1,165,674 | 1,285,630 |
| Earnings (loss) before income taxes | 102,597 | 84,712 | (147,279) | 97,596 |
| Income tax expense (benefit) | 48,655 | 24,530 | (34,452) | 24,861 |
| Net earnings (loss) | 53,942 | 60,182 | (112,827) | 72,735 |
| Net earnings attributable to noncontrolling interests | 44 | 349 | 88 | 1,220 |
| Net earnings (loss) attributable to Jefferies Group LLC | $ 53,898 | $ 59,833 | $ (112,915) | $ 71,515 |