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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Feb. 28, 2013
Nov. 30, 2013
Nov. 30, 2015
Nov. 30, 2014
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:        
Goodwill impairment     $ 0 $ 54,000
Successor [Member]        
Cash flows from operating activities:        
Net earnings   $ 169,609 95,329 160,960
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:        
Depreciation and amortization   (2,509) 15,236 691
Goodwill impairment   0 0 54,000
Interest on mandatorily redeemable preferred interests of consolidated subsidiaries   3,368 0 0
Accruals related to various benefit plans and stock issuances, net of forfeiture   0 0 0
Deferred income taxes   31,284 88,796 122,195
Income on loans to and investments in related parties   (92,181) (75,717) (90,243)
Distributions received on investments in related parties   37,742 76,681 53,985
Other adjustments   (14,740) (97,804) (78,064)
Net change in assets and liabilities:        
Cash and securities segregated and on deposit for regulatory purposes or deposited with clearing and depository organizations   113,754 2,691,028 166,108
Receivables:        
Brokers, dealers and clearing organizations   506,774 576,832 11,872
Customers   (170,286) 57,837 (294,412)
Fees, interest and other   (29,388) 541 (12,062)
Securities borrowed   (41,678) (127,060) (1,497,438)
Financial instruments owned   (200,974) 2,003,978 (2,243,053)
Loans to and investments in related parties   0 0 0
Investments in managed funds   2,674 15,498 13,473
Securities purchased under agreements to resell   (156,197) 53,817 (200,568)
Other assets   47,296 (63,110) (146,114)
Payables:        
Brokers, dealers and clearing organizations   (532,255) 471,661 968,615
Customers   (224,772) (3,455,080) 1,089,423
Securities loaned   600,539 385,929 95,607
Financial instruments sold, not yet purchased   (2,511,777) (2,043,319) 1,832,930
Securities sold under agreements to repurchase   2,794,412 (650,795) (84,303)
Accrued expenses and other liabilities   414,515 (230,370) 69,459
Net cash (used in) provided by operating activities   745,210 (210,092) (6,939)
Cash flows from investing activities:        
Contributions to loans to and investments in related parties   (2,241,232) (1,438,675) (2,786,394)
Distributions from loans to and investments in related parties   2,360,691 1,384,944 2,751,384
Net payments on premises and equipment   (48,534) (68,813) (110,536)
Cash disposed in connection with disposal of reporting units, net of cash received   (4,939) 0 0
Deconsolidation of asset management entity   0 (16,512) (137,856)
Cash received from contingent consideration   3,796 4,444 6,253
Net cash (used in) provided by investing activities   69,782 (134,612) (277,149)
Cash flows from financing activities:        
Excess tax benefits from the issuance of share-based awards   3,054 749 1,921
Proceeds from short-term borrowings   13,623,650 17,263,217 18,965,163
Payments on short-term borrowings   (13,711,650) (16,964,558) (18,965,163)
Proceeds from secured credit facility   920,000 903,000 2,819,000
Payments on secured credit facility   (980,000) (1,073,000) (2,849,000)
Net proceeds from other secured financings   114,711 157,085 371,113
Net proceeds from issuance of senior notes, net of issuance costs   0 0 681,222
Repayment of long-term debt   0 (500,000) (250,000)
Proceeds from contributions of noncontrolling interests   100,210 0 39,075
Payments on mandatorily redeemable preferred interest of consolidated subsidiaries   (64) 0 0
Payments on repurchase of common stock   0 0 0
Payments on dividends   0 0 0
Proceeds from exercise of stock options, not including tax benefits   0 0 0
Payments on distributions to noncontrolling interests   (347,654) (4,982) 0
Net cash (used in) provided by financing activities   (277,743) (218,489) 813,331
Effect of changes in exchange rates on cash and cash equivalents   5,912 (6,612) (10,394)
Net (decrease) increase in cash and cash equivalents   543,161 (569,805) 518,849
Cash and cash equivalents at beginning of period   3,017,958 4,079,968 3,561,119
Cash and cash equivalents at end of period $ 3,017,958 3,561,119 3,510,163 4,079,968
Cash paid (received) during the period for:        
Interest   638,657 859,815 922,194
Income taxes, net   55,251 $ (683) $ 120,703
Predecessor [Member]        
Cash flows from operating activities:        
Net earnings 90,842      
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:        
Depreciation and amortization 17,393      
Goodwill impairment 0      
Interest on mandatorily redeemable preferred interests of consolidated subsidiaries 10,961      
Accruals related to various benefit plans and stock issuances, net of forfeiture 23,505      
Deferred income taxes 30,835      
Income on loans to and investments in related parties 0      
Distributions received on investments in related parties 0      
Other adjustments (1,154)      
Net change in assets and liabilities:        
Cash and securities segregated and on deposit for regulatory purposes or deposited with clearing and depository organizations 352,891      
Receivables:        
Brokers, dealers and clearing organizations (1,225,840)      
Customers 67,626      
Fees, interest and other (29,149)      
Securities borrowed (224,557)      
Financial instruments owned 229,394      
Loans to and investments in related parties (197,166)      
Investments in managed funds (2,213)      
Securities purchased under agreements to resell (224,418)      
Other assets (5,346)      
Payables:        
Brokers, dealers and clearing organizations (1,018,241)      
Customers (124,233)      
Securities loaned (28,138)      
Financial instruments sold, not yet purchased 2,327,667      
Securities sold under agreements to repurchase (197,493)      
Accrued expenses and other liabilities (267,336)      
Net cash (used in) provided by operating activities (394,170)      
Cash flows from investing activities:        
Contributions to loans to and investments in related parties 0      
Distributions from loans to and investments in related parties 0      
Net payments on premises and equipment (10,706)      
Cash disposed in connection with disposal of reporting units, net of cash received 0      
Deconsolidation of asset management entity 0      
Cash received from contingent consideration 1,203      
Net cash (used in) provided by investing activities (9,503)      
Cash flows from financing activities:        
Excess tax benefits from the issuance of share-based awards 5,682      
Proceeds from short-term borrowings 6,744,000      
Payments on short-term borrowings (6,794,000)      
Proceeds from secured credit facility 900,000      
Payments on secured credit facility (990,007)      
Net proceeds from other secured financings 60,000      
Net proceeds from issuance of senior notes, net of issuance costs 991,469      
Repayment of long-term debt 0      
Proceeds from contributions of noncontrolling interests 0      
Payments on mandatorily redeemable preferred interest of consolidated subsidiaries (61)      
Payments on repurchase of common stock (166,541)      
Payments on dividends (15,799)      
Proceeds from exercise of stock options, not including tax benefits 57      
Payments on distributions to noncontrolling interests (1,262)      
Net cash (used in) provided by financing activities 733,538      
Effect of changes in exchange rates on cash and cash equivalents (4,502)      
Net (decrease) increase in cash and cash equivalents 325,363      
Cash and cash equivalents at beginning of period 2,692,595 $ 3,017,958    
Cash and cash equivalents at end of period 3,017,958      
Cash paid (received) during the period for:        
Interest 178,836      
Income taxes, net $ (34,054)