CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Cash flows from operating activities:
Net earnings	$ 221,009	$ 97,367
Adjustments to reconcile net earnings to net cash used in operating activities:
Depreciation and amortization	24,626	10,208
Income on loans to and investments in related parties	(71,615)	(30,687)
Distributions received on investments in related parties	126,504	2,330
Other adjustments	81,362	(96,359)
Net change in assets and liabilities:
Securities deposited with clearing and depository organizations	(153)	64,890
Receivables:
Brokers, dealers and clearing organizations	268,337	(27,967)
Customers	330,869	(388,076)
Fees, interest and other	(27,007)	64,563
Securities borrowed	(1,410,295)	309,722
Financial instruments owned	(102,577)	(1,115,411)
Securities purchased under agreements to resell	(1,772,192)	(53,020)
Other assets	(74,840)	117,440
Payables:
Brokers, dealers and clearing organizations	(169,021)	(260,193)
Customers	422,840	523,611
Securities loaned	387,016	(275,629)
Financial instruments sold, not yet purchased	921,282	52,196
Securities sold under agreements to repurchase	(346,031)	1,250,575
Accrued expenses and other liabilities	(323,548)	(392,471)
Net cash used in operating activities	(1,513,434)	(146,911)
Cash flows from investing activities:
Contributions to loans to and investments in related parties	(26,849)	(1,918,500)
Distributions from loans to and investments in related parties	24,629	1,873,000
Net payments on premises and equipment	(71,392)	(52,699)
Consolidation of asset management entity	0	130
Net cash used in investing activities	(73,612)	(98,069)
Cash flows from financing activities:
Proceeds from short-term borrowings	1,418,000	616,283
Payments on short-term borrowings	(1,221,000)	(669,466)
Proceeds from issuance of long-term debt, net of issuance costs	908,332	1,321,714
Repayment of long-term debt	(756,614)	(1,025,563)
Distributions to Jefferies Financial Group Inc.	(208,647)	(218,593)
Net proceeds from other secured financings	939,953	282,714
Net change in bank overdrafts	(9,028)	2,369
Proceeds from contributions of noncontrolling interests	6,600	10
Payments on distributions to noncontrolling interests	(2,481)	0
Net cash provided by financing activities	1,075,115	309,468
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(18,243)	(16,084)
Net increase (decrease) in cash, cash equivalents and restricted cash	(530,174)	48,404
Cash, cash equivalents and restricted cash at beginning of period	5,819,027	5,642,776
Cash, cash equivalents and restricted cash at end of period	5,288,853	5,691,180
Cash paid during the period for
Interest	1,205,380	1,001,307
Income taxes, net	$ 72,925	$ 152,600