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CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2018
May 31, 2017
May 31, 2018
May 31, 2017
Revenues:        
Commissions and other fees $ 158,104 $ 152,643 $ 306,006 $ 298,465
Principal transactions 137,802 280,258 355,275 502,160
Investment banking 500,297 351,863 940,288 759,884
Asset management fees 6,016 4,115 10,946 12,096
Interest 307,327 227,804 565,143 429,827
Other 47,263 22,272 65,746 46,320
Total revenues 1,156,809 1,038,955 2,243,404 2,048,752
Interest expense 334,252 259,661 599,601 473,945
Net revenues 822,557 779,294 1,643,803 1,574,807
Non-interest expenses:        
Compensation and benefits 444,094 450,522 899,727 910,694
Non-compensation expenses:        
Floor brokerage and clearing fees 46,244 47,494 90,063 93,352
Underwriting costs 13,029 0 27,304 0
Technology and communications 76,381 67,478 145,458 132,985
Occupancy and equipment rental 24,993 23,594 49,584 49,409
Business development 42,393 26,466 84,500 49,098
Professional services 35,991 26,413 66,399 58,537
Other 17,567 21,146 36,165 40,352
Total non-compensation expenses 256,598 212,591 499,473 423,733
Total non-interest expenses 700,692 663,113 1,399,200 1,334,427
Earnings before income taxes 121,865 116,181 244,603 240,380
Income tax expense 23,857 46,391 207,414 56,570
Net earnings 98,008 69,790 37,189 183,810
Net earnings attributable to noncontrolling interests 4 39 3 40
Net earnings attributable to Jefferies Group LLC $ 98,004 $ 69,751 $ 37,186 $ 183,770