Jefferies Financial Group Inc
For the period ended Aug 31, 2024. Filed Oct 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.
Aug 31, 2024 · Filed Oct 9, 2024
JEF$48.06-2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Earnings (Unaudited)
Consolidated Statements of Earnings
| $ In thousands, except per share amounts | Three Months Ended August 31, | Nine Months Ended August 31, | ||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | ||||
| Investment banking | $927,094 | $600,190 | $2,344,743 | $1,595,463 |
| Principal transactions | 324,501 | 353,373 | 1,381,432 | 1,171,578 |
| Commissions and other fees | 270,643 | 223,712 | 787,968 | 672,294 |
| Asset management fees and revenues | 11,986 | 14,812 | 74,126 | 67,731 |
| Interest | 936,786 | 898,040 | 2,636,002 | 2,062,104 |
| Other | 124,579 | (49,212) | 439,556 | (96,509) |
| Total revenues | 2,595,589 | 2,040,915 | 7,663,827 | 5,472,661 |
| Interest expense | 912,037 | 858,806 | 2,585,627 | 1,969,450 |
| Net revenues | 1,683,552 | 1,182,109 | 5,078,200 | 3,503,211 |
| Non-interest expenses | ||||
| Compensation and benefits | 889,098 | 644,059 | 2,677,962 | 1,922,985 |
| Brokerage and clearing fees | 101,119 | 91,226 | 321,325 | 268,292 |
| Underwriting costs | 14,017 | 14,877 | 51,053 | 41,253 |
| Technology and communications | 136,953 | 122,579 | 409,703 | 354,900 |
| Occupancy and equipment rental | 30,078 | 27,711 | 87,558 | 79,421 |
| Business development | 68,152 | 41,467 | 194,433 | 121,892 |
| Professional services | 64,630 | 64,897 | 217,967 | 195,572 |
| Depreciation and amortization | 45,977 | 25,288 | 139,125 | 83,890 |
| Cost of sales | 37,400 | 1,618 | 109,533 | 6,148 |
| Other expenses | 43,441 | 57,316 | 168,858 | 161,850 |
| Total non-interest expenses | 1,430,865 | 1,091,038 | 4,377,517 | 3,236,203 |
| Earnings from continuing operations before income taxes | 252,687 | 91,071 | 700,683 | 267,008 |
| Income tax expense | 78,011 | 37,124 | 207,077 | 75,053 |
| Net earnings from continuing operations | 174,676 | 53,947 | 493,606 | 191,955 |
| Net earnings (losses) from discontinued operations (including gain on disposal of $2,839, $—, $2,839, $—), net of income tax benefit of $9,145, $—, $12,321, and $— | 6,363 | — | (1,488) | — |
| Net earnings | 181,039 | 53,947 | 492,118 | 191,955 |
| Net losses attributable to noncontrolling interests | (6,874) | (3,772) | (19,102) | (13,340) |
| Net losses attributable to redeemable noncontrolling interests | — | — | — | (454) |
| Preferred stock dividends | 20,785 | 6,300 | 48,501 | 8,316 |
| Net earnings attributable to common shareholders | $167,128 | $51,419 | $462,719 | $197,433 |
| Earnings per common share | ||||
| Basic from continuing operations | $0.75 | $0.22 | $2.12 | $0.83 |
| Diluted from continuing operations | 0.72 | 0.22 | 2.06 | 0.82 |
| Basic | 0.78 | 0.22 | 2.12 | 0.83 |
| Diluted | 0.75 | 0.22 | 2.06 | 0.82 |
| Weighted-average common share shares outstanding | ||||
| Basic | 214,452 | 228,353 | 218,106 | 236,666 |
| Diluted | 221,699 | 232,041 | 224,180 | 240,658 |
| August 2024 Form 10-Q | 3 |
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