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CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Aug. 31, 2022
Aug. 31, 2021
Revenues:        
Revenues from contracts with customers $ 939,906 $ 1,397,922 $ 2,986,352 $ 3,871,093
Principal transactions 217,188 225,797 700,571 1,342,075
Asset management fees and revenues 12,696 10,309 66,376 62,259
Interest income 310,352 194,670 765,562 620,649
Other (43,418) 28,902 64,981 156,259
Total revenues 1,432,966 1,854,747 4,564,215 6,040,254
Interest expense 312,037 204,717 771,987 643,440
Net revenues 1,120,929 1,650,030 3,792,228 5,396,814
Non-interest expenses:        
Compensation and benefits 534,022 767,564 1,811,910 2,677,294
Non-compensation expenses:        
Floor brokerage and clearing fees 84,686 69,129 262,663 222,326
Underwriting costs 55,231 55,011 158,541 159,079
Technology and communications 11,672 21,474 32,991 90,641
Occupancy and equipment rental 123,878 106,793 367,465 319,096
Business development 31,048 28,590 92,592 89,419
Professional services 36,658 24,276 108,914 69,280
Other 120,590 17,472 208,078 109,489
Total non-compensation expenses 463,763 322,745 1,231,244 1,059,330
Total non-interest expenses 997,785 1,090,309 3,043,154 3,736,624
Earnings before income taxes 123,144 559,721 749,074 1,660,190
Income tax expense 57,423 140,567 200,351 428,718
Net earnings 65,721 419,154 548,723 1,231,472
Net earnings (losses) attributable to noncontrolling interests (824) (597) 741 (1,163)
Net earnings attributable to Jefferies Group LLC 66,545 419,751 547,982 1,232,635
Commissions and other fees        
Revenues:        
Revenues from contracts with customers 221,471 214,393 705,785 673,974
Investment banking        
Revenues:        
Revenues from contracts with customers $ 714,677 $ 1,180,676 $ 2,260,940 $ 3,185,038