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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Feb. 28, 2015
Feb. 28, 2014
Cash flows from operating activities:    
Net earnings $ 12,553us-gaap_ProfitLoss $ 115,392us-gaap_ProfitLoss
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 3,260us-gaap_DepreciationDepletionAndAmortization (3,951)us-gaap_DepreciationDepletionAndAmortization
Income on loans to and investments in related parties (20,689)jef_IncomeOnLoansToAndInvestmentsInRelatedParties (20,629)jef_IncomeOnLoansToAndInvestmentsInRelatedParties
Distributions received on investments in related parties 9,765jef_DistributionsReceivedOnInvestmentsInRelatedParties 2,388jef_DistributionsReceivedOnInvestmentsInRelatedParties
Other adjustments (62,926)us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities (3,305)us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
Net change in assets and liabilities:    
Cash and securities segregated and on deposit for regulatory purposes or deposited with clearing and depository organizations 257,319jef_DecreaseIncreaseInCashAndSecuritiesSegregatedAndOnDepositForRegulatoryPurposesOrDepositedWithClearingAndDepositoryOrganizations (183,710)jef_DecreaseIncreaseInCashAndSecuritiesSegregatedAndOnDepositForRegulatoryPurposesOrDepositedWithClearingAndDepositoryOrganizations
Receivables:    
Brokers, dealers and clearing organizations (39,313)us-gaap_IncreaseDecreaseInBrokerageReceivables (481,532)us-gaap_IncreaseDecreaseInBrokerageReceivables
Customers (93,823)jef_IncreaseDecreaseInCustomersReceivable (224,347)jef_IncreaseDecreaseInCustomersReceivable
Fees, interest and other (14,530)us-gaap_IncreaseDecreaseInOtherReceivables (35,076)us-gaap_IncreaseDecreaseInOtherReceivables
Securities borrowed 285,891us-gaap_IncreaseDecreaseInSecuritiesBorrowed (756,481)us-gaap_IncreaseDecreaseInSecuritiesBorrowed
Financial instruments owned (471,101)us-gaap_IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities (1,650,607)us-gaap_IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities
Investments in managed funds 19,686jef_IncreaseDecreaseInInvestmentsInManagedFunds 16,696jef_IncreaseDecreaseInInvestmentsInManagedFunds
Securities purchased under agreements to resell 179,290us-gaap_IncreaseDecreaseInReceivablesUnderRepurchaseAgreements (694,175)us-gaap_IncreaseDecreaseInReceivablesUnderRepurchaseAgreements
Other assets (107,685)us-gaap_IncreaseDecreaseInOtherOperatingAssets (39,193)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Payables:    
Brokers, dealers and clearing organizations 384,163us-gaap_IncreaseDecreaseInPayablesToBrokerDealers 313,997us-gaap_IncreaseDecreaseInPayablesToBrokerDealers
Customers (1,481,640)us-gaap_IncreaseDecreaseInPayablesToCustomers 461,537us-gaap_IncreaseDecreaseInPayablesToCustomers
Securities loaned 575,750us-gaap_IncreaseDecreaseInSecuritiesLoanedTransactions 572,285us-gaap_IncreaseDecreaseInSecuritiesLoanedTransactions
Financial instruments sold, not yet purchased (966,190)us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased 2,282,870us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased
Securities sold under agreements to repurchase 654,705us-gaap_IncreaseDecreaseInPayablesUnderRepurchaseAgreements (10,772)us-gaap_IncreaseDecreaseInPayablesUnderRepurchaseAgreements
Accrued expenses and other liabilities (494,018)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (297,462)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash used in operating activities (1,369,533)us-gaap_NetCashProvidedByUsedInOperatingActivities (636,075)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:    
Contributions to loans to and investments in related parties (600,844)us-gaap_PaymentsToFundLongtermLoansToRelatedParties (784,818)us-gaap_PaymentsToFundLongtermLoansToRelatedParties
Distributions from loans to and investments in related parties 558,335us-gaap_ProceedsFromCollectionOfLongtermLoansToRelatedParties 779,638us-gaap_ProceedsFromCollectionOfLongtermLoansToRelatedParties
Net payments on premises and equipment (17,381)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (40,271)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Deconsolidation of asset management entity 0jef_ProceedsFromPaymentsToAcquireAssetManagementEntity (137,856)jef_ProceedsFromPaymentsToAcquireAssetManagementEntity
Cash received from contingent consideration 996us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1 1,442us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
Net cash used in investing activities (58,894)us-gaap_NetCashProvidedByUsedInInvestingActivities (181,865)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Excess tax benefits from the issuance of share-based awards 245us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 953us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Proceeds from short-term borrowings 3,385,000us-gaap_ProceedsFromShortTermDebt 0us-gaap_ProceedsFromShortTermDebt
Payments on short-term borrowings (2,985,002)us-gaap_RepaymentsOfShortTermDebt 0us-gaap_RepaymentsOfShortTermDebt
Proceeds from secured credit facility 611,000us-gaap_ProceedsFromIssuanceOfSecuredDebt 250,000us-gaap_ProceedsFromIssuanceOfSecuredDebt
Payments on secured credit facility (576,000)us-gaap_RepaymentsOfSecuredDebt (200,000)us-gaap_RepaymentsOfSecuredDebt
Net proceeds from other secured financings 254,778us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 35,683us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Proceeds from contributions of noncontrolling interests 0us-gaap_ProceedsFromMinorityShareholders 31,075us-gaap_ProceedsFromMinorityShareholders
Net cash provided by financing activities 690,021us-gaap_NetCashProvidedByUsedInFinancingActivities 117,711us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash and cash equivalents (1,597)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 4,020us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net decrease in cash and cash equivalents (740,003)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (696,209)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 4,079,968us-gaap_CashAndCashEquivalentsAtCarryingValue 3,561,119us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 3,339,965us-gaap_CashAndCashEquivalentsAtCarryingValue 2,864,910us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid (received) during the period for:    
Interest 180,068us-gaap_InterestPaid 244,269us-gaap_InterestPaid
Income taxes paid (refunds), net $ 701us-gaap_IncomeTaxesPaidNet $ (4,836)us-gaap_IncomeTaxesPaidNet