424B3 1 d237746d424b3.htm 424B3 424B3
PROSPECTUS SUPPLEMENT   Filed pursuant to Rule 424(b)(3)
(to Prospectus dated February 4, 2016)   Registration Statement No. 333-209385

Jefferies Group LLC

 

 

We made immaterial correcting adjustments to our historical Consolidated Statements of Cash Flows for the three months ended February 29, 2016, the year ended November 30, 2015, the nine months ended August 31, 2015, the three months ended February 28, 2015, the year ended November 30, 2014, the nine months ended November 30, 2013 and the three months ended February 28, 2013. The adjustments below relate to a classification error in the reporting of net change in bank overdrafts within our Consolidated Statements of Cash Flows. The adjustments have no effect on our Consolidated Statements of Financial Condition, the Consolidated Statements of Earnings, the Consolidated Statements of Changes in Equity or the Consolidated Statements of Comprehensive Income for these periods and are not material to our financial statements for any reported period.

The following equal and offsetting correcting adjustments were made to the net change in Accrued expenses and other liabilities and the net change in bank overdrafts for the three months ended February 29, 2016, the year ended November 30, 2015, the nine months ended August 31, 2015, the three months ended February 28, 2015, the year ended November 30, 2014, the nine months ended November 30, 2013 and the three months ended February 28, 2013.

 

     Successor     Predecessor  
(in thousands)    Year Ended
November 30, 2015
     Year Ended
November 30, 2014
     Nine Months Ended
November 30, 2013
    Three Months
Ended February 28,
2013
 

Increase (decrease)

          

Net change in accrued expenses and other liabilities

   $ (29,295    $ (20,974    $ 2,025      $ 802   

Net change in bank overdrafts

     29,295         20,974         (2,025     (802
(in thousands)    Three Months
Ended February 29,
2016
     Three Months
Ended February 28,
2015
     Nine Months
Ended August 31,
2015
       

Increase (decrease)

          

Net change in accrued expenses and other liabilities

   $ 41,978       $ 9,467       $ (24,466  

Net change in bank overdrafts

     (41,978      (9,467      24,466     

These adjustments had similar impacts on the Net change in cash (used in) provided by operating activities and the Net change in cash (used in) provided by financing activities contained within the Consolidated Statements of Cash Flows.


The following tables set forth the adjustments and revisions to our Consolidated Statements of Cash Flows for the periods presented:

 

    Successor     Predecessor  
    Year Ended
November 30, 2015
    Year Ended
November 30, 2014
    Nine Months Ended
November 30, 2013
    Three Months Ended
February 28, 2013
 
    As
Originally
Reported
    As Revised     As
Originally
Reported
    As Revised     As
Originally
Reported
    As Revised     As
Originally
Reported
    As Revised  
(in thousands)                                                

Operating activities

               

Increase (decrease) in accrued expenses and other liabilities

  $ (230,370   $ (259,665   $ 69,459      $ 48,485      $ 414,515      $ 416,540      $ (267,336   $ (266,534

Net cash provided by (used in) operating activities

    (210,092     (239,387     (6,939     (27,913     745,210        747,235        (394,170     (393,368
 

Financing activities

               

Net change in bank overdrafts

  $ —        $ 29,295      $ —        $ 20,974      $ —        $ (2,025   $ —        $ (802

Net cash provided by (used in) financing activities

    (218,489     (189,194     813,331        834,305        (277,743     (279,768     733,538        732,736   
    Three Months Ended
February 29, 2016
    Three Months Ended
February 28, 2015
    Nine Months Ended
August 31, 2015
       
    As
Originally
Reported
    As Revised     As
Originally
Reported
    As Revised     As
Originally
Reported
    As Revised    
(in thousands)                                      

Operating activities

             

Increase (decrease) in accrued expenses and other liabilities

  $ (247,374   $ (205,396   $ (494,018   $ (484,551   $ (204,520   $ (228,986  

Net cash provided by (used in) operating activities

    (1,099,977     (1,057,999     (1,369,533     (1,360,066     (608,688     (633,154  

 

Financing activities

             

Net change in bank overdrafts

  $ —        $ (41,978   $ —        $ (9,467   $ —        $ 24,466     

Net cash provided by (used in) financing activities

    201,557        159,579        690,021        680,554        31,233        55,699     

 

 

This prospectus supplement is dated August 5, 2016