Jefferies Financial Group Inc
For the period ended Nov 30, 2023. Filed Jan 26, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Jan 26, 2024
JEF$47.38-2.5%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Equity
(In thousands, except share amounts)
| Year Ended November 30, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Preferred shares $1 par value | |||
| Balance, beginning of period | $— | $— | $— |
| Conversion of 21,000,000 common shares to 42,000 preferred shares | 42 | — | — |
| Balance, end of period | $42 | $— | $— |
| Common shares $1 par value | |||
| Balance, beginning of period | $226,130 | $243,541 | $249,751 |
| Purchase of common shares for treasury | (4,887) | (25,595) | (8,643) |
| Conversion of 125,000 preferred shares to common shares | 4,654 | — | — |
| Conversion of 21,000,000 common shares to 42,000 preferred shares | (21,000) | — | — |
| Other | 5,730 | 8,184 | 2,433 |
| Balance, end of period | $210,627 | $226,130 | $243,541 |
| Additional paid-in capital | |||
| Balance, beginning of period | $1,967,781 | $2,742,244 | $2,911,223 |
| Share-based compensation expense | 45,360 | 43,919 | 78,160 |
| Change in fair value of redeemable noncontrolling interests | (390) | (1,147) | (6,216) |
| Purchase of common shares for treasury | (164,515) | (833,998) | (260,757) |
| Conversion of 125,000 preferred shares to common shares | 120,346 | — | — |
| Dividend equivalents | 24,140 | — | — |
| Conversion of 21,000,000 common shares to 42,000 preferred shares | 52,458 | — | — |
| Change in equity interest related to consolidated subsidiaries | (6,307) | — | — |
| Other | 5,986 | 16,763 | 19,834 |
| Balance, end of period | $2,044,859 | $1,967,781 | $2,742,244 |
| Accumulated other comprehensive loss, net of tax | |||
| Balance, beginning of period | $(379,419) | $(372,143) | $(288,917) |
| Other comprehensive loss, net of taxes | (16,126) | (7,276) | (83,226) |
| Balance, end of period | $(395,545) | $(379,419) | $(372,143) |
| Retained earnings | |||
| Balance, beginning of period | $8,418,354 | $7,940,113 | $6,531,836 |
| Net earnings attributable to Jefferies Financial Group Inc. | 275,670 | 777,168 | 1,667,403 |
| Dividends ($1.20, $1.20, and $0.90 per common share, respectively) | (290,135) | (298,927) | (239,211) |
| Dividends - preferred shares | (12,600) | — | — |
| Cumulative effect of change in accounting principle for current expected credit losses, net of tax | (14,813) | — | (19,915) |
| Distribution of Vitesse Energy, Inc. | (526,964) | — | — |
| Other | 332 | — | — |
| Balance, end of period | $7,849,844 | $8,418,354 | $7,940,113 |
| Total Jefferies Financial Group Inc. shareholders’ equity | $9,709,827 | $10,232,846 | $10,553,755 |
| Noncontrolling interests | |||
| Balance, beginning of period | $62,633 | $25,885 | $34,632 |
| Net earnings (losses) attributable to noncontrolling interests | (14,846) | (2,397) | 3,850 |
| Contributions | 78,247 | 64,880 | 4,325 |
| Distributions | (31,433) | (2,629) | (16,263) |
| Deconsolidation of asset management entity | (14,895) | (23,107) | — |
| Change in equity interest related to Vitesse Energy, Inc. | 6,307 | — | — |
| Conversion of redeemable noncontrolling interest to noncontrolling interest | 5,954 | — | — |
| Other | 341 | 1 | (659) |
| Balance, end of period | $92,308 | $62,633 | $25,885 |
| Total equity | $9,802,135 | $10,295,479 | $10,579,640 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.