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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2020
May 31, 2019
May 31, 2020
May 31, 2019
Revenues:        
Revenues $ 1,377,531 $ 1,510,371 $ 3,069,795 $ 2,705,383
Interest expense 21,160 23,138 42,714 46,156
Net revenues 1,147,589 1,101,657 2,533,917 1,930,100
Expenses:        
Compensation and benefits 598,467 510,560 1,268,660 920,152
Cost of sales 80,771 80,415 153,214 147,336
Floor brokerage and clearing fees 75,479 60,387 134,660 112,255
Depreciation and amortization 40,366 36,786 79,836 70,720
Selling, general and other expenses 249,118 229,062 546,956 450,168
Total expenses 1,065,361 940,348 2,226,040 1,746,787
Income before income taxes and income (loss) related to associated companies 82,228 161,309 307,877 183,313
Income (loss) related to associated companies (6,721) 22,170 (74,576) 49,483
Income before income taxes 75,507 183,479 233,301 232,796
Income tax provision (benefit) 31,962 (488,797) 77,735 (486,495)
Net income 43,545 672,276 155,566 719,291
Net (income) loss attributable to the noncontrolling interests 2,580 191 4,709 (875)
Net (income) loss attributable to the redeemable noncontrolling interests 198 (427) 480 (289)
Preferred stock dividends (1,404) (1,276) (2,826) (2,552)
Net income attributable to Jefferies Financial Group Inc. common shareholders $ 44,919 $ 670,764 $ 157,929 $ 715,575
Basic earnings per common share attributable to Jefferies Financial Group Inc. common shareholders:        
Net income (in dollars per share) $ 0.16 $ 2.17 $ 0.53 $ 2.29
Diluted earnings per common share attributable to Jefferies Financial Group Inc. common shareholders:        
Net income (in dollars per share) $ 0.16 $ 2.14 $ 0.53 $ 2.25
Commissions and other fees        
Revenues:        
Revenues $ 242,972 $ 167,610 $ 422,402 $ 322,560
Principal transactions        
Revenues:        
Revenues 393,338 240,189 798,202 486,371
Investment banking        
Revenues:        
Revenues 387,491 430,087 979,493 715,683
Interest income        
Revenues:        
Revenues 236,732 445,967 563,098 832,811
Manufacturing revenues        
Revenues:        
Revenues 85,379 90,237 162,986 165,662
Other        
Revenues:        
Revenues 31,619 136,281 143,614 182,296
Jefferies Group        
Revenues:        
Interest expense $ 229,942 $ 408,714 $ 535,878 $ 775,283