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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Cash flows from operating activities:    
Net earnings $ 548,723 $ 1,231,472
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 71,720 58,417
Goodwill impairment 0 400
Bad debt expense 30,779 39,410
Income on loans to and investments in related parties (36,857) (145,552)
Distributions received on investments in related parties 61,259 0
Other adjustments (598,184) (69,122)
Net change in assets and liabilities:    
Securities deposited with clearing and depository organizations 0 34,237
Receivables:    
Brokers, dealers and clearing organizations 974,330 259,989
Customers 148,994 (584,407)
Fees, interest and other 18,909 (81,036)
Securities borrowed (226,045) 724,187
Financial instruments owned (515,020) (1,490,030)
Securities purchased under agreements to resell 3,490,151 (2,911,738)
Other assets (81,594) (68,847)
Payables:    
Brokers, dealers and clearing organizations 515,322 707,376
Customers (791,735) 40,718
Securities loaned (191,463) (48,397)
Financial instruments sold, not yet purchased (77,040) 2,710,110
Securities sold under agreements to repurchase (843,502) (748,003)
Lease liabilities (57,595) (42,148)
Accrued expenses and other liabilities (1,031,965) 247,726
Net cash provided by (used in) operating activities 1,409,187 (135,238)
Cash flows from investing activities:    
Contributions to loans to and investments in related parties (300,712) (2,250,509)
Capital distributions from investments and repayments of loans from related parties 273,726 2,257,245
Originations and purchases of automobile loans (408,515) 0
Principal collections of automobile loans 312,187 0
Net payments on premises and equipment (69,536) (81,419)
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 (214,071) (76,856)
Cash flows from financing activities:    
Proceeds from short-term borrowings 2,849,000 646,000
Payments on short-term borrowings (2,499,000) (1,097,090)
Proceeds from issuance of long-term debt, net of issuance costs 869,028 582,190
Repayment of long-term debt (683,762) (102,690)
Contributions from Jefferies Financial Group Inc. 60,332 153,557
Distributions to Jefferies Financial Group Inc. (433,767) (713,557)
Net proceeds from (payments on) other secured financings (2,332,733) 779,516
Net change in bank overdrafts (7,624) (6,350)
Proceeds from contributions of noncontrolling interests 29,219 2,595
Payments on distributions to noncontrolling interests 0 (14,883)
Net cash provided by (used in) financing activities (2,149,307) 229,288
Effect of exchange rate changes on cash, cash equivalents and restricted cash (20,183) 1,704
Net increase (decrease) in cash, cash equivalents and restricted cash (974,374) 18,898
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 8,854,297 7,700,911
Cash paid during the period for    
Interest 862,974 695,642
Income taxes, net $ 96,677 $ 489,842