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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Aug. 31, 2017
Aug. 31, 2016
Cash flows from operating activities:    
Net earnings (loss) $ 267,635 $ (71,669)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,820 (2,888)
(Income) loss on loans to and investments in related parties (65,323) 15,862
Distributions received on investments in related parties 8,021 11,187
Other adjustments 91,313 13,359
Net change in assets and liabilities:    
Cash and securities segregated and on deposit for regulatory purposes or deposited with clearing and depository organizations (45,746) (277,019)
Receivables:    
Brokers, dealers and clearing organizations (546,424) (392,632)
Customers (448,494) 341,930
Fees, interest and other (31,877) (35,514)
Securities borrowed 0 (1,510,588)
Financial instruments owned (176,662) 2,079,134
Investments in managed funds 16,582 (132,941)
Securities purchased under agreements to resell 524,937 (248,931)
Other assets (50,147) (236,907)
Payables:    
Brokers, dealers and clearing organizations (652,668) 781,782
Customers 162,387 (31,159)
Securities loaned (68,310) (22,326)
Financial instruments sold, not yet purchased 50,267 1,269,261
Securities sold under agreements to repurchase 1,668,725 (1,824,027)
Accrued expenses and other liabilities 209,756 68,024
Net cash provided by (used in) operating activities 915,792 (206,062)
Cash flows from investing activities:    
Contributions to loans to and investments in related parties (2,916,204) (343,835)
Distributions from loans to and investments in related parties 2,729,276 485,620
Net payments on premises and equipment (53,595) (51,001)
Payment on purchase of aircraft 0 (27,500)
Proceeds from sale of aircraft 0 29,450
Deconsolidation of asset management entity 0 (39)
Cash received from contingent consideration 1,342 1,211
Net cash provided by (used in) investing activities (239,181) 93,906
Cash flows from financing activities:    
Proceeds from short-term borrowings 25,784,561 8,350,534
Payments on short-term borrowings (25,887,517) (8,229,669)
Net payments on other secured financings (203,036) (156,602)
Proceeds from issuance of long-term debt, net of issuance costs 1,030,027 239,779
Repayment of long-term debt (121,957) (373,246)
Net change in bank overdrafts (5,764) (56,126)
Net proceeds from noncontrolling interests 0 3,937
Net cash provided by (used in) financing activities 596,314 (221,393)
Effect of exchange rate changes on cash and cash equivalents 4,730 (17,471)
Net increase (decrease) in cash and cash equivalents 1,277,655 (351,020)
Cash and cash equivalents at beginning of period 3,529,069 3,510,163
Cash and cash equivalents at end of period 4,806,724 3,159,143
Cash paid (received) during the period for    
Interest 777,969 675,896
Income taxes, net $ 3,329 $ (8,011)