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Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2017
Aug. 31, 2016
Aug. 31, 2017
Aug. 31, 2016
Revenues:        
Commissions and other fees $ 139,082 $ 152,044 $ 437,547 $ 454,025
Principal transactions 185,215 167,483 693,242 382,290
Investment banking 475,702 294,930 1,235,586 778,906
Asset management fees and investment income from managed funds 5,465 15,877 11,694 29,743
Interest 230,496 213,716 660,323 655,836
Other 12,371 19,791 58,691 (6,937)
Total revenues 1,048,331 863,841 3,097,083 2,293,863
Interest expense 247,639 209,391 721,584 621,018
Net revenues 800,692 654,450 2,375,499 1,672,845
Non-interest expenses:        
Compensation and benefits 462,933 376,438 1,373,627 1,141,497
Non-compensation expenses:        
Floor brokerage and clearing fees 44,869 40,189 138,221 124,259
Technology and communications 72,440 64,512 205,425 196,000
Occupancy and equipment rental 27,736 24,987 77,145 74,498
Business development 23,125 20,259 72,223 67,700
Professional services 25,007 29,761 83,544 82,799
Other 22,318 17,582 62,670 52,649
Total non-compensation expenses 215,495 197,290 639,228 597,905
Total non-interest expenses 678,428 573,728 2,012,855 1,739,402
Earnings (loss) before income taxes 122,264 80,722 362,644 (66,557)
Income tax expense 38,439 39,564 95,009 5,112
Net earnings (loss) 83,825 41,158 267,635 (71,669)
Net earnings (loss) attributable to noncontrolling interests 10 (11) 50 77
Net earnings (loss) attributable to Jefferies Group LLC $ 83,815 $ 41,169 $ 267,585 $ (71,746)