Jefferies Financial Group Inc

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

About this filing

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$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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Contents

Consolidated Statements of Earnings

	Year Ended November 30,
$ in thousands, except per share amounts	2024	2023	2022
Revenues
Investment banking ..........................................................................................................................................	$3,309,060	$2,169,366	$2,807,822
Principal transactions ......................................................................................................................................	1,816,963	1,413,283	833,757
Commissions and other fees ..........................................................................................................................	1,085,349	905,665	925,494
Asset management fees and revenues .........................................................................................................	86,106	82,574	80,264
Interest ................................................................................................................................................................	3,543,497	2,868,674	1,183,638
Other ...................................................................................................................................................................	674,094	1,837	1,318,288
Total revenues ..................................................................................................................................................	10,515,069	7,441,399	7,149,263
Interest expense ................................................................................................................................................	3,480,266	2,740,982	1,170,425
Net revenues .....................................................................................................................................................	7,034,803	4,700,417	5,978,838
Non-interest expenses
Compensation and benefits ............................................................................................................................	3,659,588	2,535,272	2,589,044
Brokerage and clearing fees ............................................................................................................................	432,721	366,702	347,805
Underwriting costs ............................................................................................................................................	68,492	61,082	42,067
Technology and communications ..................................................................................................................	546,655	477,028	444,011
Occupancy and equipment rental ...................................................................................................................	118,611	106,051	108,001
Business development .....................................................................................................................................	283,459	177,541	150,500
Professional services .......................................................................................................................................	296,204	266,447	240,978
Depreciation and amortization ........................................................................................................................	190,326	112,201	172,902
Cost of sales ......................................................................................................................................................	206,283	29,435	440,837
Other expenses ..................................................................................................................................................	226,918	214,389	387,131
Total non-interest expenses ...........................................................................................................................	6,029,257	4,346,148	4,923,276
Earnings from continuing operations before income taxes .......................................................................	1,005,546	354,269	1,055,562
Income tax expense ..........................................................................................................................................	293,194	91,881	273,852
Net earnings from continuing operations .....................................................................................................	712,352	262,388	781,710
Net earnings from discontinued operations (including gain on disposal of $3,493, $—, $—), net of income tax benefit of $17,063, $—, and $— ..............................................................................................	3,667	—	—
Net earnings ......................................................................................................................................................	716,019	262,388	781,710
Net losses attributable to noncontrolling interests .....................................................................................	(27,364)	(14,846)	(2,397)
Net losses attributable to redeemable noncontrolling interests ...............................................................	—	(454)	(1,342)
Preferred stock dividends ................................................................................................................................	74,110	14,616	8,281
Net earnings attributable to common shareholders ..................................................................................	$669,273	$263,072	$777,168
Earnings per common share
Basic from continuing operations ..................................................................................................................	$3.05	$1.12	$3.13
Diluted from continuing operations ................................................................................................................	2.96	1.10	3.06
Basic ...................................................................................................................................................................	3.08	1.12	3.13
Diluted .................................................................................................................................................................	2.99	1.10	3.06
Weighted-average common shares outstanding
Basic ...................................................................................................................................................................	217,079	232,609	247,378
Diluted .................................................................................................................................................................	223,650	236,620	255,571

47	Jefferies Financial Group Inc.

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