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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2020
Aug. 31, 2019
Revenues:        
Revenues $ 1,825,499 $ 1,223,156 $ 4,895,294 $ 3,928,539
Interest expense 21,512 23,663 64,226 69,819
Net revenues 1,616,170 856,778 4,150,087 2,786,878
Expenses:        
Compensation and benefits 760,837 446,882 2,029,497 1,367,034
Cost of sales 82,657 85,773 235,871 233,109
Floor brokerage and clearing fees 66,743 50,858 201,403 163,113
Depreciation and amortization 39,520 39,880 119,356 110,600
Selling, general and other expenses 237,712 268,742 784,668 718,910
Total expenses 1,208,981 915,798 3,435,021 2,662,585
Income (loss) before income taxes and income (loss) related to associated companies 407,189 (59,020) 715,066 124,293
Income (loss) related to associated companies 5,053 72,283 (69,523) 121,766
Income before income taxes 412,242 13,263 645,543 246,059
Income tax provision (benefit) 107,403 (36,131) 185,138 (522,626)
Net income 304,839 49,394 460,405 768,685
Net (income) loss attributable to the noncontrolling interests 324 116 5,033 (759)
Net (income) loss attributable to the redeemable noncontrolling interests 650 242 1,130 (47)
Preferred stock dividends (1,404) (1,275) (4,230) (3,827)
Net income attributable to Jefferies Financial Group Inc. common shareholders $ 304,409 $ 48,477 $ 462,338 $ 764,052
Basic earnings per common share attributable to Jefferies Financial Group Inc. common shareholders:        
Net income (in dollars per share) $ 1.08 $ 0.16 $ 1.58 $ 2.44
Diluted earnings per common share attributable to Jefferies Financial Group Inc. common shareholders:        
Net income (in dollars per share) $ 1.07 $ 0.15 $ 1.57 $ 2.41
Commissions and other fees        
Revenues:        
Revenues $ 204,032 $ 171,000 $ 626,434 $ 493,560
Principal transactions        
Revenues:        
Revenues 623,283 (20,920) 1,421,485 465,451
Investment banking        
Revenues:        
Revenues 615,837 410,796 1,595,330 1,126,479
Interest income        
Revenues:        
Revenues 219,843 410,467 782,941 1,243,278
Manufacturing revenues        
Revenues:        
Revenues 119,751 82,565 282,737 248,227
Other        
Revenues:        
Revenues 42,753 169,248 186,367 351,544
Jefferies Group        
Revenues:        
Interest expense $ 209,329 $ 366,378 $ 745,207 $ 1,141,661