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Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2017
May 31, 2016
May 31, 2017
May 31, 2016
Revenues:        
Commissions and other fees $ 152,643 $ 146,157 $ 298,465 $ 301,981
Principal transactions 287,070 318,180 508,027 214,807
Investment banking 351,863 253,046 759,884 483,976
Asset management fees and investment income (loss) from managed funds (2,697) 4,336 6,229 13,866
Interest 227,804 220,175 429,827 442,120
Other 22,272 (4,977) 46,320 (26,728)
Total revenues 1,038,955 936,917 2,048,752 1,430,022
Interest expense 259,661 217,509 473,945 411,627
Net revenues 779,294 719,408 1,574,807 1,018,395
Non-interest expenses:        
Compensation and benefits 450,522 415,316 910,694 765,059
Non-compensation expenses:        
Floor brokerage and clearing fees 47,494 43,591 93,352 84,070
Technology and communications 67,478 66,499 132,985 131,488
Occupancy and equipment rental 23,594 24,926 49,409 49,511
Business development 26,466 22,587 49,098 47,441
Professional services 26,413 29,526 58,537 53,038
Other 21,146 14,366 40,352 35,067
Total non-compensation expenses 212,591 201,495 423,733 400,615
Total non-interest expenses 663,113 616,811 1,334,427 1,165,674
Earnings (loss) before income taxes 116,181 102,597 240,380 (147,279)
Income tax expense (benefit) 46,391 48,655 56,570 (34,452)
Net earnings (loss) 69,790 53,942 183,810 (112,827)
Net earnings attributable to noncontrolling interests 39 44 40 88
Net earnings (loss) attributable to Jefferies Group LLC $ 69,751 $ 53,898 $ 183,770 $ (112,915)