Jefferies Financial Group Inc.
For the period ended Aug 31, 2026. Filed Oct 9, 2026.
View on SEC.govAbout this filing
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.
Aug 31, 2026 · Filed Oct 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows (Unaudited)
| Nine Months Ended August 31, | ||
|---|---|---|
| $ in thousands | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net earnings | $697,577 | $470,748 |
| Adjustments to reconcile net earnings to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 128,699 | 144,434 |
| Impairment of assets | 65,413 | — |
| Share-based compensation | 95,767 | 67,810 |
| Net bad debt expense | 30,583 | 16,931 |
| Income on investments in and loans to related parties | (99,082) | (54,270) |
| Distributions received on investments in related parties | 52,400 | 71,368 |
| Loss on assets held for sale | — | 12,566 |
| Other adjustments | 47,095 | 434,110 |
| Net change in assets and liabilities: | ||
| Receivables: | ||
| Brokers, dealers and clearing organizations | 1,210,771 | (193,514) |
| Customers | (976,898) | (533,734) |
| Fees, interest and other | (116,742) | (60,040) |
| Securities borrowed | (2,867,877) | (945,232) |
| Financial instruments owned | 416,562 | (1,712,385) |
| Securities purchased under agreements to resell | 597,100 | (1,664,568) |
| Other assets | (95,054) | (266,563) |
| Payables: | ||
| Brokers, dealers and clearing organizations | (1,769,291) | (26,372) |
| Customers | 958,673 | 374,518 |
| Securities loaned | 1,486,559 | (62,979) |
| Financial instruments sold, not yet purchased | 1,792,713 | 1,260,915 |
| Securities sold under agreements to repurchase | 771,786 | (312,049) |
| Lease liabilities | (58,788) | (48,280) |
| Accrued expenses and other liabilities | 85,540 | (432,723) |
| Net cash provided by (used in) operating activities | 2,453,506 | (3,459,309) |
| Cash flows from investing activities: | ||
| Contributions to investments in and loans to related parties | (766,395) | (466,338) |
| Capital distributions from investments and repayments of loans from related parties | 593,556 | 379,193 |
| Originations and purchases of loans, notes and other receivables | (24,782) | — |
| Principal collections of loans, notes and other receivables | 156 | — |
| Net payments on premises and equipment | (162,203) | (151,425) |
| Proceeds from assets held for sale | — | 26,843 |
| Net cash used in investing activities | (359,668) | (211,727) |
| 6 | Jefferies Financial Group Inc. |
Consolidated Statements of Cash Flows(Unaudited)
| Nine Months Ended August 31, | ||
|---|---|---|
| $ in thousands | 2026 | 2025 |
| Cash flows from financing activities: | ||
| Proceeds from short-term borrowings | 5,211,712 | 7,170,583 |
| Payments on short-term borrowings | (5,497,779) | (6,363,688) |
| Proceeds from issuance of long-term debt, net of issuance costs | 6,968,788 | 3,852,721 |
| Repayment of long-term debt | (4,397,648) | (1,758,422) |
| Purchase of common shares for treasury | (439,932) | (58,486) |
| Dividends paid to common and preferred shareholders | (276,460) | (280,589) |
| Net proceeds from (payments on) other secured financings | (539,583) | 497,768 |
| Net change in bank overdrafts | (10,278) | (22,050) |
| Proceeds from contributions of noncontrolling interests | 981 | 18,909 |
| Payments on distributions to noncontrolling interests | (7,606) | (8,084) |
| Other | 17,470 | 9,573 |
| Net cash provided by financing activities | 1,029,665 | 3,058,235 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (2,566) | 17,281 |
| Change in cash, cash equivalents, and restricted cash reclassified from (to) assets held for sale | (20,985) | — |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 3,120,937 | (595,520) |
| Cash, cash equivalents, and restricted cash at beginning of period | 14,961,586 | 13,165,612 |
| Cash, cash equivalents, and restricted cash at end of period | $18,061,538 | $12,570,092 |
| Nine Months Ended August 31, | ||
|---|---|---|
| $ in thousands | 2026 | 2025 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for: | ||
| Interest | $2,706,822 | $2,588,490 |
| Income taxes, net (1) | 209,106 | 235,549 |
(1)Includes the purchase of tax credits in the aggregate of $60.6 million and $149.7 million for the nine months ended August 31, 2026 and 2025, respectively.
Noncash investing activities:
During the nine months ended August 31, 2026, we exchanged real estate properties with a fair market value of $40.0 million.
During the nine months ended August 31, 2025, we donated land with a fair market value of $5.7 million.
Noncash financing activities:
During the nine months ended August 31, 2026,55,125 preferred shares were converted into 27,562,500 non-voting common shares.
Cash, cash equivalents and restricted cash by category in our Consolidated Statements of Financial Condition:
| August 31, | November 30, | |
|---|---|---|
| $ in thousands | 2026 | 2025 |
| Cash and cash equivalents | $16,883,584 | $14,043,889 |
| Cash on deposit for regulatory purposes with clearing and depository organizations | 1,177,954 | 917,697 |
| Total cash, cash equivalents and restricted cash | $18,061,538 | $14,961,586 |
| August 2026 Form 10-Q | 7 |
|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.