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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
May 31, 2020
May 31, 2019
Net cash flows from operating activities:    
Net income $ 155,566 $ 719,291
Adjustments to reconcile net income to net cash provided by (used for) operations:    
Deferred income tax provision 25,176 40,388
Recognition of accumulated other comprehensive income lodged taxes 0 (544,583)
Depreciation and amortization of real estate, property, equipment and leasehold improvements 73,450 64,428
Other amortization 5,719 (13,669)
Share-based compensation 20,684 24,886
Provision for doubtful accounts 22,979 13,098
(Income) loss related to associated companies 100,712 (103,804)
Distributions from associated companies 51,860 150,273
Net losses related to property and equipment, and other assets 55,867 2,761
Lease expense 44,645  
Lease payments (40,949)  
Net change in:    
Securities deposited with clearing and depository organizations (61,212) (3)
Financial instruments owned, at fair value (1,763,950) 251,972
Securities borrowed 1,142,449 (1,192,513)
Securities purchased under agreements to resell (14,988) (1,253,866)
Receivables from brokers, dealers and clearing organizations (1,224,653) (680,802)
Receivables from customers of securities operations 409,989 228,412
Other receivables (8,007) (125,315)
Other assets (210,659) (137,438)
Financial instruments sold, not yet purchased, at fair value (809,728) 654,849
Securities loaned 438,246 500,307
Securities sold under agreements to repurchase 1,159,948 233,115
Payables to brokers, dealers and clearing organizations 405,873 26,872
Payables to customers of securities operations (153,116) (38,618)
Trade payables, expense accruals and other liabilities 199,297 (347,271)
Other 135,762 86,869
Net cash provided by (used for) operating activities 160,960 (1,440,361)
Net cash flows from investing activities:    
Acquisitions of property, equipment and leasehold improvements, and other assets (120,708) (102,515)
Proceeds from disposals of property and equipment, and other assets 3,351 5,860
Advances on notes, loans and other receivables (414,031) (199,276)
Collections on notes, loans and other receivables 384,528 131,249
Loans to and investments in associated companies (1,382,827) (74,105)
Capital distributions and loan repayments from associated companies 1,344,570 25,612
Purchases of investments (other than short-term) (265) (1,986)
Proceeds from maturities of investments 2,025 531,067
Proceeds from sales of investments 19,939 886,876
Net cash provided by (used for) investing activities (163,418) 1,202,782
Net cash flows from financing activities:    
Issuance of debt, net of issuance costs 1,850,147 1,230,064
Repayment of debt (1,930,381) (877,593)
Net change in other secured financings (325,234) 264,168
Net change in bank overdrafts (3,126) (14,352)
Distributions to noncontrolling interests (216) (2,481)
Contributions from noncontrolling interests 17,504 6,705
Purchase of common shares for treasury (495,253) (364,708)
Dividends paid (83,436) (74,563)
Other 575 581
Net cash provided by (used for) financing activities (969,420) 167,821
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (13,547) (3,892)
Net decrease in cash, cash equivalents and restricted cash (985,425) (73,650)
Cash, cash equivalents and restricted cash at beginning of period 8,480,435 6,012,662
Cash, cash equivalents and restricted cash at end of period $ 7,495,010 $ 5,939,012