Consolidated Statements of Financial Condition - USD ($) $ in Thousands		May 31, 2020	Nov. 30, 2019
ASSETS
Cash and cash equivalents		$ 6,883,881	$ 7,678,821
Cash and securities segregated and on deposit for regulatory purposes or deposited with clearing and depository organizations		668,925	796,797
Financial instruments owned, at fair value (including securities pledged of $12,843,162 and $12,058,522):		18,542,477	16,895,741
Loans to and investments in associated companies		1,559,793	1,652,957
Securities borrowed		6,457,035	7,624,642
Securities purchased under agreements to resell		4,284,062	4,299,598
Securities received as collateral, at fair value		9,909	9,500
Receivables		6,539,495	5,744,106
Property, equipment and leasehold improvements, net		917,686
Property, equipment and leasehold improvements, net			385,029
Intangible assets, net and goodwill		1,910,204	1,922,934
Other assets		2,509,748	2,450,109
Total assets		50,283,215	49,460,234
LIABILITIES
Short-term borrowings		656,855	548,490
Financial instruments sold, not yet purchased, at fair value		9,646,023	10,532,460
Securities loaned		1,941,468	1,525,140
Securities sold under agreements to repurchase		8,631,143	7,504,670
Other secured financings		2,746,593	3,070,611
Obligation to return securities received as collateral, at fair value		9,909	9,500
Lease liabilities		597,557	0
Payables, expense accruals and other liabilities		8,524,856	8,179,013
Long-term debt		8,020,436	8,337,061
Total liabilities	[1]	40,774,840	39,706,945
Commitments and contingencies
MEZZANINE EQUITY
Redeemable noncontrolling interests		22,262	26,605
Mandatorily redeemable convertible preferred shares		125,000	125,000
EQUITY
Common shares, par value $1 per share, authorized 600,000,000 shares; 267,111,111 and 291,644,153 shares issued and outstanding, after deducting 49,351,501 and 24,818,459 shares held in treasury		267,111	291,644
Additional paid-in capital		3,191,893	3,627,711
Accumulated other comprehensive income (loss)		(134,528)	(273,039)
Retained earnings		6,002,078	5,933,389
Total Jefferies Financial Group Inc. shareholders' equity		9,326,554	9,579,705
Noncontrolling interests		34,559	21,979
Total equity		9,361,113	9,601,684
Total		$ 50,283,215	$ 49,460,234

[1] Total assets include assets related to variable interest entities of $709.2 million and $645.8 million at May 31, 2020 and November 30, 2019, respectively, and Total liabilities include liabilities related to variable interest entities of $2,752.3 million and $3,071.1 million at May 31, 2020 and November 30, 2019, respectively. See Note 7 for additional information related to variable interest entities.