Jefferies Financial Group Inc
For the period ended May 31, 2024. Filed Jul 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 31, 2024 · Filed Jul 9, 2024
JEF$49.39+4.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Equity (Unaudited)
Consolidated Statements of Changes in Equity
| $ in thousands, except share amounts | Three Months Ended May 31, | Six Months Ended May 31, | ||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Preferred shares $1 par value | ||||
| Balance, beginning of period | $42 | $— | $42 | $— |
| Balance, end of period | $42 | $— | $42 | $— |
| Common shares $1 par value | ||||
| Balance, beginning of period | $212,001 | $233,528 | $210,627 | $226,130 |
| Purchase of common shares for treasury | (15) | (2,174) | (1,082) | (4,748) |
| Conversion of 125,000 preferred shares to common shares | — | — | — | 4,654 |
| Other | 67 | 57 | 2,508 | 5,375 |
| Balance, end of period | $212,053 | $231,411 | $212,053 | $231,411 |
| Additional paid-in capital: | ||||
| Balance, beginning of period | $2,026,584 | $2,012,206 | $2,044,859 | $1,967,781 |
| Share-based compensation expense | 14,357 | 10,492 | 34,572 | 24,218 |
| Change in fair value of redeemable noncontrolling interests | — | (198) | — | (390) |
| Purchase of common shares for treasury | (931) | (64,966) | (42,897) | (160,244) |
| Conversion of 125,000 preferred shares to common shares | — | — | — | 120,346 |
| Dividend equivalents | 4,926 | 4,334 | 9,680 | 15,186 |
| Change in equity interest related to consolidated subsidiaries | — | (602) | — | (6,307) |
| Other | 6,213 | 4,264 | 4,935 | 4,940 |
| Balance, end of period | $2,051,149 | $1,965,530 | $2,051,149 | $1,965,530 |
| Accumulated other comprehensive loss, net of tax: | ||||
| Balance, beginning of period | $(396,438) | $(421,105) | $(395,545) | $(379,419) |
| Other comprehensive income (loss), net of tax | (14,296) | 51,053 | (15,189) | 9,367 |
| Balance, end of period | $(410,734) | $(370,052) | $(410,734) | $(370,052) |
| Retained earnings | ||||
| Balance, beginning of period | $7,937,908 | $7,930,615 | $7,849,844 | $8,418,354 |
| Net earnings attributable to Jefferies Financial Group Inc. | 159,478 | 12,396 | 323,308 | 146,015 |
| Dividends - common shares ($0.30, $0.30, $0.60, and $0.60 per share) | (68,540) | (74,263) | (136,903) | (153,884) |
| Dividends - preferred shares | (6,300) | — | (12,600) | — |
| Cumulative effect of change in accounting principle for current expected credit losses, net of tax | — | — | (644) | (14,831) |
| Distribution of Vitesse Energy, Inc. | — | — | — | (526,964) |
| Other | — | 18 | (459) | 76 |
| Balance, end of period | $8,022,546 | $7,868,766 | $8,022,546 | $7,868,766 |
| Total Jefferies Financial Group Inc. shareholders’ equity | $9,875,056 | $9,695,655 | $9,875,056 | $9,695,655 |
| Noncontrolling interests: | ||||
| Balance, beginning of period | $87,372 | $56,185 | $92,308 | $62,633 |
| Net losses attributable to noncontrolling interests | (4,790) | (3,513) | (12,228) | (9,568) |
| Contributions | 5 | 14,881 | 9,321 | 35,454 |
| Distributions | (3,563) | — | (10,689) | (31,433) |
| Change in equity interest related to Vitesse Energy, Inc. | — | — | — | 6,307 |
| Conversion of Vitesse Energy, Inc. redeemable noncontrolling interest to noncontrolling interest | — | — | — | 4,558 |
| Conversion of redeemable noncontrolling interest to noncontrolling interest | — | 1,396 | — | 1,396 |
| Other | (1,894) | 646 | (1,582) | 248 |
| Balance, end of period | $77,130 | $69,595 | $77,130 | $69,595 |
| Total equity | $9,952,186 | $9,765,250 | $9,952,186 | $9,765,250 |
| May 2024 Form 10-Q | 5 |
|---|
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