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CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2022
May 31, 2021
May 31, 2022
May 31, 2021
Revenues:        
Revenues from contracts with customers $ 859,376 $ 1,225,658 $ 2,046,446 $ 2,473,171
Principal transactions 223,357 325,059 483,383 1,116,278
Asset management fees and revenues 14,129 14,567 53,680 51,950
Interest income 242,420 206,958 455,210 425,979
Other 42,608 66,769 108,399 127,357
Total revenues 1,378,590 1,836,696 3,131,249 4,185,507
Interest expense 249,065 219,278 459,950 438,723
Net revenues 1,129,525 1,617,418 2,671,299 3,746,784
Non-interest expenses:        
Compensation and benefits 533,676 789,836 1,277,888 1,909,730
Non-compensation expenses:        
Floor brokerage and clearing fees 94,016 76,617 177,977 153,197
Underwriting costs 13,191 33,031 21,319 69,167
Technology and communications 123,765 107,962 243,587 212,303
Occupancy and equipment rental 30,639 32,839 61,544 60,829
Business development 44,885 27,023 72,256 45,004
Professional services 52,192 59,780 103,310 104,068
Other 48,125 61,031 87,488 92,017
Total non-compensation expenses 406,813 398,283 767,481 736,585
Total non-interest expenses 940,489 1,188,119 2,045,369 2,646,315
Earnings before income taxes 189,036 429,299 625,930 1,100,469
Income tax expense 47,177 110,846 142,928 288,151
Net earnings 141,859 318,453 483,002 812,318
Net earnings (losses) attributable to noncontrolling interests 1,832 (363) 1,565 (566)
Net earnings attributable to Jefferies Group LLC 140,027 318,816 481,437 812,884
Commissions and other fees        
Revenues:        
Revenues from contracts with customers 254,861 222,643 484,314 459,581
Investment banking        
Revenues:        
Revenues from contracts with customers $ 601,215 $ 1,000,700 $ 1,546,263 $ 2,004,362