XML 17 R5.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2020
May 31, 2019
May 31, 2020
May 31, 2019
Statement of Comprehensive Income [Abstract]        
Net earnings $ 128,896 $ 109,819 $ 300,261 $ 156,184
Other comprehensive income (loss), net of tax:        
Currency translation adjustments and other [1] (28,526) (36,245) (37,522) (6,185)
Changes in instrument specific credit risk [2] 148,738 2,815 171,734 20,644
Cash flow hedges [3] 0 (219) 0 (470)
Unrealized gain on available-for-sale securities [4] 196 233 433 379
Total other comprehensive income (loss), net of tax [5] 120,408 (33,416) 134,645 14,368
Comprehensive income 249,304 76,403 434,906 170,552
Net earnings (loss) attributable to noncontrolling interests (1,842) (101) (3,866) 283
Comprehensive income attributable to Jefferies Group LLC $ 251,146 $ 76,504 $ 438,772 $ 170,269
[1]
The amounts include income tax benefits of approximately $8.8 million and $11.9 million during the three and six months ended May 31, 2020, respectively, and income tax benefits of $9.1 million and $1.7 million during the three and six months ended May 31, 2019, respectively.
[2]
The amounts include income tax expenses of approximately $50.7 million and $58.6 million during the three and six months ended May 31, 2020, respectively, and income tax expense of approximately $1.0 million and $7.0 million for the three and six months ended May 31, 2019. The amounts during the three and six months ended May 31, 2020 includes losses of $1.7 million and $2.0 million, respectively, net of income tax benefits of $0.4 million and $0.5 million, respectively, related to changes in instrument specific risk, which was reclassified to Principal transactions revenues in our Consolidated Statements of Earnings. The amounts during the three and six months ended May 31, 2019 include gains of $0.2 million and $0.5 million, respectively, net of taxes of $0.1 million and $0.2 million, respectively, related to changes in instrument specific risk, which was reclassified to Principal transactions revenues in our Consolidated Statements of Earnings.
[3]
The amount during the three and six months ended May 31, 2019 includes income tax benefits of $0.1 million and $0.2 million, respectively. The cash flow hedge losses of $0.2 million and $0.5 million, respectively, were reclassified to Other revenues within the Consolidated Statement of Earnings due to the sale of all of our common shares of Epic Gas Ltd. (“Epic Gas”). Refer to Note 9, Investments for further information.
[4]
The amounts include income tax expenses of $0.1 million and $0.2 million during the three and six months ended May 31, 2020, respectively, and income tax expenses of $0.1 million and $0.2 million during the three and six months ended May 31, 2019, respectively.
[5]
None of the components of other comprehensive income (loss) are attributable to noncontrolling interests.