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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2022
Cash flows from operating activities:      
Net earnings $ 716,019 $ 262,388 $ 781,710
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:      
Depreciation and amortization 197,850 113,473 189,343
Deferred income taxes (4,131) 10,462 (70,396)
Share-based compensation 63,119 45,360 43,919
Net bad debt expense 52,451 67,009 46,846
(Income) losses on investments in and loans to related parties (86,466) 192,197 36,287
Distributions received on investments in related parties 60,039 58,336 82,161
Gain on sale of subsidiaries and investments in related parties (59,105) 0 (319,041)
Other adjustments 264,680 (99,784) (601,303)
Net change in assets and liabilities:      
Securities deposited with clearing and depository organizations 0 (110,198) 0
Receivables:      
Brokers, dealers and clearing organizations (287,820) (436,029) 631,672
Customers (790,292) (480,487) 384,097
Fees, interest and other (69,280) (103,870) 200,672
Securities borrowed (23,601) (1,307,125) 548,567
Financial instruments owned (2,416,306) (2,843,554) (773,523)
Securities purchased under agreements to resell (237,567) (1,263,278) 3,047,353
Other assets (339,141) (551,926) (230,722)
Payables:      
Brokers, dealers and clearing organizations (48,889) 1,054,135 (1,288,912)
Customers 113,418 83,181 (882,576)
Securities loaned 702,646 431,423 (139,557)
Financial instruments sold, not yet purchased (234,747) (8,894) 1,875,957
Securities sold under agreements to repurchase 1,427,068 3,324,482 (952,584)
Lease liabilities (65,417) (52,129) (89,689)
Accrued expenses and other liabilities 925,006 (318,798) (715,434)
Net cash (used in) provided by operating activities from continuing operations (140,466) (1,933,626) 1,804,847
Net cash (used in) provided by operating activities from discontinued operations (68,789) 0 0
Cash flows from investing activities:      
Contributions to investments in and loans to related parties (1,080,358) (251,751) (351,645)
Capital distributions from investments and repayments of loans from related parties 936,684 116,750 286,578
Originations and purchases of automobile loans, notes and other receivables (89,540) (441,583) (527,929)
Principal collections of automobile loans, notes and other receivables 83,268 350,348 434,487
Net payments on premises and equipment (250,584) (1,155) (224,301)
Proceeds from sales of subsidiaries and investments in related parties, net of expenses and cash of operations sold 610,843 0 333,149
Net cash acquired in business acquisitions 0 215,187 0
Proceeds for the sale from investments 0 0 3,588
Deconsolidation of asset management entity 0 0 (23,107)
Other 0 0 8,641
Net cash provided by (used in) investing activities from continuing operations 210,313 (12,204) (60,539)
Cash flows from financing activities:      
Proceeds from short-term borrowings 6,219,084 5,413,000 3,659,098
Payments on short-term borrowings (6,743,153) (5,010,868) (3,338,000)
Proceeds from issuance of long-term debt, net of issuance costs 5,952,286 2,209,672 1,198,565
Repayment of long-term debt (2,427,653) (1,282,369) (824,894)
Proceeds from conversion of common to preferred shares 9,844 31,500 0
Purchase of common shares for treasury (44,312) (169,402) (859,593)
Dividends paid to common and preferred shareholders (302,964) (278,595) (280,104)
Net proceeds from (payments on) other secured financings 877,962 89,073 (2,448,731)
Net change in bank overdrafts (23,933) 52,054 (14,569)
Proceeds from contributions of noncontrolling interests 10,039 0 64,880
Payments on distributions to noncontrolling interests (13,407) 0 (2,629)
Other 6,104 6,059 2,752
Net cash provided by (used in) financing activities from continuing operations 3,519,897 1,060,124 (2,843,225)
Net cash (used in) provided by financing activities from discontinued operations (170,631) 0 0
Supplemental Cash Flow Elements [Abstract]      
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (2,246) 54,911 (22,143)
Change in cash, cash equivalents, and restricted cash reclassified from (to) assets held for sale (13,224) (45,691) 0
Net increase (decrease) in cash, cash equivalents, and restricted cash 3,348,078 (830,795) (1,121,060)
Cash, cash equivalents, and restricted cash at beginning of period 9,830,758 10,707,244 11,828,304
Cash and cash equivalents at end of period 13,165,612 9,830,758 10,707,244
Cash paid during the period for:      
Interest 3,440,878 2,348,061 1,164,093
Income taxes, net 257,503 159,359 214,066
Non-cash investing activities $ 600 30,600  
Transfer from investments     $ 215,900
Conversion of preferred shares to common shares   125,000  
Shareholders      
Cash paid during the period for:      
Dividend distributions   527,000  
Noncontrolling Interest Holders      
Cash paid during the period for:      
Dividend distributions   $ 31,400