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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
12 Months Ended
Nov. 30, 2019
Nov. 30, 2018
Nov. 30, 2017
Revenues:      
Revenue from contracts with customers $ 2,222,257 $ 2,594,887  
Principal transactions 769,258 524,296 $ 796,633
Asset management fees and revenues 20,285 21,214 20,490
Interest 1,496,529 1,207,095 905,601
Other 93,422 103,359 74,553
Total revenues 4,584,532 4,429,632 4,178,582
Interest expense 1,472,002 1,246,256 980,473
Net revenues 3,112,530 3,183,376 3,198,109
Non-interest expenses:      
Compensation and benefits 1,684,054 1,736,264 1,829,096
Non-compensation expenses:      
Floor brokerage and clearing fees 227,471 189,068 179,478
Technology and communications 335,395 305,655 279,242
Occupancy and equipment rental 119,472 100,952 102,904
Business development 138,158 163,756 99,884
Professional services 162,668 139,885 114,711
Underwriting costs 50,662 64,317 0
Other 69,981 73,812 87,870
Total non-compensation expenses 1,103,807 1,037,445 864,089
Total non-interest expenses 2,787,861 2,773,709 2,693,185
Earnings before income taxes 324,669 409,667 504,924
Income tax expense 80,284 250,650 147,340
Net earnings 244,385 159,017 357,584
Net earnings (loss) attributable to noncontrolling interests (1,644) 256 86
Net earnings attributable to Jefferies Group LLC 246,029 158,761 357,498
Commissions and other fees      
Revenues:      
Revenue from contracts with customers 676,309 663,465 617,020
Investment banking      
Revenues:      
Revenue from contracts with customers $ 1,528,729 $ 1,910,203 $ 1,764,285