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
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Consolidated Statements of Comprehensive Income (Unaudited)
Consolidated Statements of Comprehensive Income
| $ in thousands | Three Months Ended May 31, | Six Months Ended May 31, | ||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net earnings | $154,687 | $8,684 | $311,079 | $138,008 |
| Other comprehensive income (loss), net of tax: | ||||
| Currency translation adjustments and other (1) (3) | (4,018) | 17,150 | (4,117) | 27,366 |
| Changes in fair value related to instrument-specific credit risk (2) | (9,950) | 34,195 | (12,702) | (17,958) |
| Unrealized gains (losses) on available-for-sale securities | (328) | (292) | 1,630 | (41) |
| Total other comprehensive income (loss), net of tax | (14,296) | 51,053 | (15,189) | 9,367 |
| Comprehensive income | 140,391 | 59,737 | 295,890 | 147,375 |
| Net losses attributable to noncontrolling interests | (4,790) | (3,513) | (12,228) | (9,568) |
| Net losses attributable to redeemable noncontrolling interests | — | (198) | — | (454) |
| Preferred stock dividends | 13,741 | — | 27,930 | 2,016 |
| Comprehensive income attributable to common shareholders | $131,440 | $63,448 | $280,188 | $155,381 |
(1)Includes income tax benefit of $0.7 million for both the three and six months ended May 31, 2024, and $4.7 million and $1.4 million for the three and six months ended May 31, 2023, respectively.
(2)Includes income tax benefit of $3.9 million and $5.1 million for the three and six months ended May 31, 2024, respectively, and income tax (expense) benefit of $(11.2) million and $8.0 million for the three and six months ended May 31, 2023, respectively. Refer to Note 17, Total Equity for additional information related to fair value changes related to instrument specific-credit risk, which were reclassified to Principal transactions revenues in our Consolidated Statements of Earnings.
(3)Includes $1.6 million and $1.9 million for the three and six months ended May 31, 2024, respectively, related to currency translation adjustments attributable to noncontrolling interests.
| 4 | Jefferies Financial Group Inc. |
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