CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	May 31, 2022	May 31, 2021
Cash flows from operating activities:
Net earnings	$ 483,002	$ 812,318
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	47,875	38,288
Goodwill impairment	0	400
Bad debt expense	17,731	39,785
Income on loans to and investments in related parties	(88,585)	(121,418)
Distributions received on investments in related parties	29,149	0
Other adjustments	(449,944)	(76,260)
Net change in assets and liabilities:
Securities deposited with clearing and depository organizations	0	(23,788)
Receivables:
Brokers, dealers and clearing organizations	(1,053,046)	(605,719)
Customers	(477,529)	(834,887)
Fees, interest and other	94,898	(50,368)
Securities borrowed	84,150	219,788
Financial instruments owned	(417,460)	(1,706,903)
Securities purchased under agreements to resell	2,875,162	(1,811,829)
Other assets	(150,938)	(82,185)
Payables:
Brokers, dealers and clearing organizations	(1,025,422)	2,018,934
Customers	(743,250)	(60,744)
Securities loaned	360,152	461,500
Financial instruments sold, not yet purchased	1,964,137	1,923,703
Securities sold under agreements to repurchase	(262,132)	(1,244,181)
Lease liabilities	(39,456)	(24,242)
Accrued expenses and other liabilities	(1,247,900)	(25,350)
Net cash provided by (used in) operating activities	594	(1,153,158)
Cash flows from investing activities:
Contributions to loans to and investments in related parties	(293,033)	(1,984,863)
Capital distributions from investments and repayments of loans from related parties	265,923	2,004,357
Originations and purchases of automobile loans	(282,877)	0
Principal collections of automobile loans	208,227	0
Net payments on premises and equipment	(43,614)	(40,858)
Deconsolidation of asset management entity	(21,221)	0
Transfer of net assets from Jefferies Financial Group Inc.	0	(2,173)
Net cash used in investing activities	(166,595)	(23,537)
Cash flows from financing activities:
Proceeds from short-term borrowings	1,772,000	567,000
Payments on short-term borrowings	(1,627,000)	(905,090)
Proceeds from issuance of long-term debt, net of issuance costs	504,209	535,569
Repayment of long-term debt	(223,880)	(46,350)
Contributions from Jefferies Financial Group Inc.	60,332	153,557
Distributions to Jefferies Financial Group Inc.	(363,753)	(554,148)
Net proceeds from (payments on) other secured financings	(1,821,202)	765,121
Net change in bank overdrafts	(12,682)	49,187
Proceeds from contributions of noncontrolling interests	28,210	2,595
Payments on distributions to noncontrolling interests	0	(13,266)
Net cash provided by (used in) financing activities	(1,683,766)	554,175
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(9,795)	4,755
Net decrease in cash, cash equivalents and restricted cash	(1,859,562)	(617,765)
Cash, cash equivalents and restricted cash at beginning of period	9,828,671	7,682,013
Cash, cash equivalents and restricted cash at end of period	7,969,109	7,064,248
Cash paid during the period for
Interest	533,408	406,539
Income taxes, net	$ 89,494	$ 330,002