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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Member's paid-in capital
Accumulated other comprehensive income (loss), net of tax
Total Jefferies Group LLC member’s equity
Noncontrolling interests
Balance, beginning of period at Nov. 30, 2018   $ 6,376,662 $ (196,169)   $ 1,911
Increase (Decrease) in Stockholders' Equity          
Net earnings (loss) $ 221,009 220,869     140
Distributions to Jefferies Financial Group Inc.   (210,434)      
Currency translation adjustments and other (34,208) [1]   (34,208)    
Changes in instrument specific credit risk 26,533 [2]   26,533    
Cash flow hedges (470) [3]   (470)    
Unrealized gain (loss) on available-for-sale securities 577 [4]   577    
Contributions         6,600
Distributions         (2,481)
Balance, end of period at Aug. 31, 2019 6,189,530 6,387,097 (203,737) $ 6,183,360 6,170
Balance, beginning of period at May. 31, 2019   6,354,613 (181,801)   6,313
Increase (Decrease) in Stockholders' Equity          
Net earnings (loss) 64,825 64,968     (143)
Distributions to Jefferies Financial Group Inc.   (32,484)      
Currency translation adjustments and other (28,023) [1]   (28,023)    
Changes in instrument specific credit risk 5,889 [2]   5,889    
Cash flow hedges 0 [3]   0    
Unrealized gain (loss) on available-for-sale securities 198 [4]   198    
Contributions         0
Distributions         0
Balance, end of period at Aug. 31, 2019 6,189,530 6,387,097 (203,737) 6,183,360 6,170
Balance, beginning of period at Nov. 30, 2019   6,329,677 (204,205)   4,275
Increase (Decrease) in Stockholders' Equity          
Net earnings (loss) 567,792 572,189     (4,397)
Distributions to Jefferies Financial Group Inc.   (286,095)      
Currency translation adjustments and other 37,438 [1]   37,438    
Changes in instrument specific credit risk 38,475 [2]   38,475    
Cash flow hedges 0 [3]   0    
Unrealized gain (loss) on available-for-sale securities 411 [4]   411    
Contributions         18,405
Distributions         (1,719)
Balance, end of period at Aug. 31, 2020 6,504,454 6,615,771 (127,881) 6,487,890 16,564
Balance, beginning of period at May. 31, 2020   6,481,740 (69,560)   17,598
Increase (Decrease) in Stockholders' Equity          
Net earnings (loss) 267,531 268,062     (531)
Distributions to Jefferies Financial Group Inc.   (134,031)      
Currency translation adjustments and other 74,960 [1]   74,960    
Changes in instrument specific credit risk (133,259) [2]   (133,259)    
Cash flow hedges 0 [3]   0    
Unrealized gain (loss) on available-for-sale securities (22) [4]   (22)    
Contributions         1,000
Distributions         (1,503)
Balance, end of period at Aug. 31, 2020 $ 6,504,454 $ 6,615,771 $ (127,881) $ 6,487,890 $ 16,564
[1]
The amounts include income tax expenses of approximately $(25.6) million and $(13.7) million during the three and nine months ended August 31, 2020, respectively, and income tax benefits of $8.9 million and $10.6 million during the three and nine months ended August 31, 2019, respectively.
[2]
The amounts include income tax benefits (expenses) of approximately $45.5 million and $(13.1) million during the three and nine months ended August 31, 2020, respectively, and income tax expenses of approximately $2.0 million and $9.0 million for the three and nine months ended August 31, 2019, respectively. The amounts during the three and nine months ended August 31, 2020 also include net gains (losses) of $0.6 million and $(0.9) million, respectively, net of income tax (expenses) benefits of $(0.2) million and $0.3 million, respectively, related to changes in instrument specific risk, which were reclassified to Principal transactions revenues in our Consolidated Statements of Earnings. The amount during the nine months ended August 31, 2019 also includes a net gain of $0.5 million, net of taxes of $0.2 million, 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 nine months ended August 31, 2019 includes income tax benefits of $0.2 million. Cash flow hedge losses of $0.5 million were reclassified to Other revenues within the Consolidated Statement of Earnings.
[4]
The amounts include income tax expenses of $0.2 million during the nine months ended August 31, 2020, and income tax expense of $0.2 million during the nine months ended August 31, 2019.