Change in Year End
On October 2, 2018, our Board of Directors approved a change to our fiscal year end from a calendar year basis to a fiscal year ending on November 30. Our 2018 fiscal year consists of the eleven month transition period beginning January 1, 2018 through November 30, 2018. Financial statements for 2017 continue to be presented on the basis of our previous calendar year end.
The following is selected financial data for the eleven month transition period ending November 30, 2018, and the comparable prior year period. Jefferies Group financial data is presented in each year based on the twelve months ended November 30. All other results are based on the eleven months ended November 30 for both years (in thousands, except per share amounts).
Eleven Months Ended November 30,
2018
2017 (Unaudited)
Net revenues
$
3,764,034
$
4,031,333
Total expenses
3,524,957
3,336,359
Income (loss) related to associated companies
57,023
(76,864
)
Income from continuing operations before income taxes
296,100
618,110
Income tax provision
19,008
195,550
Income from continuing operations
277,092
422,560
Income from discontinued operations, including gain on disposal, net of taxes
773,984
267,321
Net income attributable to the redeemable noncontrolling interests
(37,263
)
(78,506
)
Net income attributable to Jefferies Financial Group Inc. common shareholders
1,022,318
610,277
Basic earnings per common share attributable to Jefferies Financial Group Inc. common shareholders:
Income from continuing operations
$
0.82
$
1.14
Income from discontinued operations, including gain on disposal
2.11
0.51
Net income
$
2.93
$
1.65
Diluted earnings per common share attributable to Jefferies Financial Group Inc. common shareholders:
Income from continuing operations
$
0.81
$
1.13
Income from discontinued operations, including gain on disposal
2.09
0.50
Net income
$
2.90
$
1.63
Free historical financial statements for Jefferies Financial Group Inc..
See how revenue, income, cash flow, and balance sheet financials have changed over 23 quarters since 2019. Compare with JEF stock chart to see long term trends.
Data imported from Jefferies Financial Group Inc. SEC filings. Check original filings before making any investment decision.