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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
12 Months Ended
Nov. 30, 2021
Nov. 30, 2020
Nov. 30, 2019
Revenues:      
Revenues from contracts with customers: $ 5,276,691 $ 3,333,939 $ 2,222,257
Principal transactions 1,505,618 1,867,013 769,258
Asset management fees and revenues 71,571 28,694 20,285
Interest 847,969 894,215 1,496,529
Other 219,762 37,632 93,422
Total revenues 7,907,287 6,152,306 4,584,532
Interest expense 863,464 954,829 1,472,002
Net revenues 7,043,823 5,197,477 3,112,530
Non-interest expenses:      
Compensation and benefits 3,373,629 2,792,575 1,684,054
Non-compensation expenses:      
Floor brokerage and clearing fees 301,978 270,132 227,471
Underwriting costs 117,572 95,636 50,662
Technology and communications 434,359 386,830 335,395
Occupancy and equipment rental 118,961 107,180 119,472
Business development 111,540 67,603 138,158
Professional services 223,797 179,888 162,668
Other 178,034 120,179 69,981
Total non-compensation expenses 1,486,241 1,227,448 1,103,807
Total non-interest expenses 4,859,870 4,020,023 2,787,861
Earnings before income taxes 2,183,953 1,177,454 324,669
Income tax expense 559,229 302,748 80,284
Net earnings 1,624,724 874,706 244,385
Net earnings (losses) attributable to noncontrolling interests 5,993 (4,597) (1,644)
Net earnings attributable to Jefferies Group LLC 1,618,731 879,303 246,029
Commissions and other fees      
Revenues:      
Revenues from contracts with customers: 896,312 823,258 676,309
Investment banking      
Revenues:      
Revenues from contracts with customers: $ 4,366,055 $ 2,501,494 $ 1,528,729