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Consolidated Statements of Earnings - USD ($)
$ in Thousands
12 Months Ended
Nov. 30, 2016
Nov. 30, 2015
Nov. 30, 2014
Revenues:      
Commissions and other fees $ 611,574 $ 659,002 $ 668,801
Principal transactions 519,652 172,608 532,292
Investment banking 1,193,973 1,439,007 1,529,274
Asset management fees and investment income from managed funds 31,062 8,015 17,047
Interest 857,838 922,189 1,019,970
Other 19,724 74,074 78,881
Total revenues 3,233,823 3,274,895 3,846,265
Interest expense 819,209 799,654 856,127
Net revenues 2,414,614 2,475,241 2,990,138
Non-interest expenses:      
Compensation and benefits 1,568,948 1,467,131 1,698,530
Non-compensation expenses:      
Floor brokerage and clearing fees 167,205 199,780 215,329
Technology and communications 262,396 313,044 268,212
Occupancy and equipment rental 101,133 101,138 107,767
Business development 93,105 105,963 106,984
Professional services 112,562 103,972 109,601
Bad debt provision 7,365 (396) 55,355
Goodwill impairment 0 0 54,000
Other 71,928 70,382 71,339
Total non-compensation expenses 815,694 893,883 988,587
Total non-interest expenses 2,384,642 2,361,014 2,687,117
Income before income tax expense 29,972 114,227 303,021
Income tax expense 14,566 18,898 142,061
Net earnings 15,406 95,329 160,960
Net earnings (loss) attributable to noncontrolling interests (28) 1,795 3,400
Net earnings attributable to Jefferies Group LLC $ 15,434 $ 93,534 $ 157,560