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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
12 Months Ended
Nov. 30, 2020
Nov. 30, 2019
Nov. 30, 2018
Revenues:      
Revenues from contracts with customers: $ 3,333,939 $ 2,222,257 $ 2,594,887
Principal transactions 1,867,013 769,258 524,296
Asset management fees and revenues 28,694 20,285 21,214
Interest 894,215 1,496,529 1,207,095
Other 37,632 93,422 103,359
Total revenues 6,152,306 4,584,532 4,429,632
Interest expense 954,829 1,472,002 1,246,256
Net revenues 5,197,477 3,112,530 3,183,376
Non-interest expenses:      
Compensation and benefits 2,792,575 1,684,054 1,736,264
Non-compensation expenses:      
Floor brokerage and clearing fees 270,132 227,471 189,068
Technology and communications 386,830 335,395 305,655
Occupancy and equipment rental 107,180 119,472 100,952
Business development 67,603 138,158 163,756
Professional services 179,888 162,668 139,885
Underwriting costs 95,636 50,662 64,317
Other 120,179 69,981 73,812
Total non-compensation expenses 1,227,448 1,103,807 1,037,445
Total non-interest expenses 4,020,023 2,787,861 2,773,709
Earnings before income taxes 1,177,454 324,669 409,667
Income tax expense 302,748 80,284 250,650
Net earnings 874,706 244,385 159,017
Net earnings (loss) attributable to noncontrolling interests (4,597) (1,644) 256
Net earnings attributable to Jefferies Group LLC 879,303 246,029 158,761
Commissions and other fees      
Revenues:      
Revenues from contracts with customers: 823,258 676,309 663,465
Investment banking      
Revenues:      
Revenues from contracts with customers: $ 2,501,494 $ 1,528,729 $ 1,910,203