Jefferies Financial Group Inc

For the period ended Nov 30, 2024. Filed Jan 28, 2025.

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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.

FY2024 · Filed Jan 28, 2025

JEF$47.38-2.5%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Changes in Equity

$ in thousands, except share amounts	Year Ended November 30,
	2024	2023	2022
Preferred shares $1 par value
Balance, beginning of period ...........................................................................................................................	$42	$—	$—
Conversion of common shares to preferred shares .................................................................................	13	42	—
Balance, end of period .....................................................................................................................................	$55	$42	$—
Common shares $1 par value
Balance, beginning of period ...........................................................................................................................	$210,627	$226,130	$243,541
Purchase of common shares for treasury ..................................................................................................	(1,089)	(4,887)	(25,595)
Conversion of 125,000 preferred shares to common shares ..................................................................	—	4,654	—
Conversion of common shares to preferred shares .................................................................................	(6,562)	(21,000)	—
Other .................................................................................................................................................................	2,528	5,730	8,184
Balance, end of period .....................................................................................................................................	$205,504	$210,627	$226,130
Additional paid-in capital
Balance, beginning of period ...........................................................................................................................	$2,044,859	$1,967,781	$2,742,244
Share-based compensation expense ..........................................................................................................	63,119	45,360	43,919
Change in fair value of redeemable noncontrolling interests ..................................................................	—	(390)	(1,147)
Purchase of common shares for treasury ..................................................................................................	(43,223)	(164,515)	(833,998)
Conversion of 125,000 preferred shares to common shares ..................................................................	—	120,346	—
Dividend equivalents ......................................................................................................................................	19,016	24,140	—
Conversion of common shares to preferred shares .................................................................................	16,393	52,458	—
Change in equity interest related to consolidated subsidiaries ..............................................................	(2,631)	(6,307)	—
Other .................................................................................................................................................................	6,666	5,986	16,763
Balance, end of period .....................................................................................................................................	$2,104,199	$2,044,859	$1,967,781
Accumulated other comprehensive loss, net of tax
Balance, beginning of period ...........................................................................................................................	$(395,545)	$(379,419)	$(372,143)
Other comprehensive loss, net of tax ..........................................................................................................	(27,586)	(16,126)	(7,276)
Balance, end of period .....................................................................................................................................	$(423,131)	$(395,545)	$(379,419)
Retained earnings
Balance, beginning of period ...........................................................................................................................	$7,849,844	$8,418,354	$7,940,113
Net earnings attributable to Jefferies Financial Group Inc. .....................................................................	743,383	275,670	777,168
Dividends - common shares ($1.30, $1.20, and $1.20 per share) ...........................................................	(290,086)	(290,135)	(298,927)
Dividends - preferred shares .........................................................................................................................	(31,894)	(12,600)	—
Cumulative effect of change in accounting principle for current expected credit losses, net of tax	(644)	(14,813)	—
Distribution of Vitesse Energy, Inc. ..............................................................................................................	—	(526,964)	—
Other .................................................................................................................................................................	(458)	332	—
Balance, end of period .....................................................................................................................................	$8,270,145	$7,849,844	$8,418,354
Total Jefferies Financial Group Inc. shareholders' equity .........................................................................	$10,156,772	$9,709,827	$10,232,846
Noncontrolling interests
Balance, beginning of period ...........................................................................................................................	$92,308	$62,633	$25,885
Net losses attributable to noncontrolling interests ...................................................................................	(27,364)	(14,846)	(2,397)
Contributions ...................................................................................................................................................	10,039	78,247	64,880
Distributions ....................................................................................................................................................	(13,407)	(31,433)	(2,629)
Deconsolidation of asset management company ....................................................................................	—	(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 .................................................................................................................................................................	6,639	341	1
Balance, end of period .....................................................................................................................................	$68,215	$92,308	$62,633
Total equity ........................................................................................................................................................	$10,224,987	$9,802,135	$10,295,479

49	Jefferies Financial Group Inc.

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