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CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Revenues:    
Revenues from contracts with customers $ 1,187,070 $ 1,247,513
Principal transactions 260,026 791,219
Asset management fees and revenues 39,551 37,383
Interest 212,790 219,021
Other 65,791 60,588
Total revenues 1,752,659 2,348,811
Interest expense 210,885 219,445
Net revenues 1,541,774 2,129,366
Non-interest expenses:    
Compensation and benefits 744,212 1,119,894
Non-compensation expenses:    
Floor brokerage and clearing fees 83,961 76,580
Underwriting costs 8,128 36,136
Technology and communications 119,822 104,341
Occupancy and equipment rental 30,905 27,990
Business development 27,371 17,981
Professional services 51,118 44,288
Other 39,363 30,986
Total non-compensation expenses 360,668 338,302
Total non-interest expenses 1,104,880 1,458,196
Earnings before income taxes 436,894 671,170
Income tax expense 95,751 177,305
Net earnings 341,143 493,865
Net losses attributable to noncontrolling interests (267) (203)
Net earnings attributable to Jefferies Group LLC 341,410 494,068
Commissions and other fees    
Revenues:    
Revenues from contracts with customers 229,453 236,938
Investment banking    
Revenues:    
Revenues from contracts with customers $ 945,048 $ 1,003,662