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CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Feb. 28, 2018
Feb. 28, 2017
Revenues:    
Commissions and other fees $ 147,902 $ 145,822
Principal transactions 217,473 221,902
Investment banking 439,991 408,021
Asset management fees 4,930 7,981
Interest 257,816 202,023
Other 18,483 24,048
Total revenues 1,086,595 1,009,797
Interest expense 265,349 214,284
Net revenues 821,246 795,513
Non-interest expenses:    
Compensation and benefits 455,633 460,172
Non-compensation expenses:    
Floor brokerage and clearing fees 43,819 45,858
Underwriting costs 14,275 0
Technology and communications 69,077 65,507
Occupancy and equipment rental 24,591 25,815
Business development 42,107 22,632
Professional services 30,408 32,124
Other 18,598 19,206
Total non-compensation expenses 242,875 211,142
Total non-interest expenses 698,508 671,314
Earnings before income taxes 122,738 124,199
Income tax expense 183,557 10,179
Net earnings (loss) (60,819) 114,020
Net earnings (loss) attributable to noncontrolling interests (1) 1
Net earnings (loss) attributable to Jefferies Group LLC $ (60,818) $ 114,019