2022 Q1 Form 10-Q Financial Statement

#000009622322000018 Filed on April 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $1.943B $2.704B
YoY Change -28.14% 59.76%
Cost Of Revenue $95.67M $95.56M
YoY Change 0.12% 31.91%
Gross Profit $1.847B $2.608B
YoY Change -29.18% 61.01%
Gross Profit Margin 95.08% 96.47%
Selling, General & Admin $1.075B $1.445B
YoY Change -25.58% 49.23%
% of Gross Profit 58.2% 55.39%
Research & Development $107.0M
YoY Change
% of Gross Profit 5.79%
Depreciation & Amortization $45.94M $38.77M
YoY Change 18.5% -1.78%
% of Gross Profit 2.49% 1.49%
Operating Expenses $1.121B $1.483B
YoY Change -24.43% 47.23%
Operating Profit $726.3M $1.125B
YoY Change -35.43% 83.67%
Interest Expense $9.088M $20.37M
YoY Change -55.38% -5.51%
% of Operating Profit 1.25% 1.81%
Other Income/Expense, Net $62.47M
YoY Change
Pretax Income $392.3M $800.8M
YoY Change -51.01% 407.49%
Income Tax $64.40M $218.2M
% Of Pretax Income 16.41% 27.25%
Net Earnings $328.0M $582.5M
YoY Change -43.7% 415.48%
Net Earnings / Revenue 16.88% 21.55%
Basic Earnings Per Share $1.26 $2.17
Diluted Earnings Per Share $1.23 $2.13
COMMON SHARES
Basic Shares Outstanding 257.6M shares 266.4M shares
Diluted Shares Outstanding 266.6M shares 272.9M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.501B $8.649B
YoY Change -1.71% 28.88%
Cash & Equivalents $8.501B $8.649B
Short-Term Investments
Other Short-Term Assets $838.1M $615.0M
YoY Change 36.28%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $17.61B $16.52B
YoY Change 6.62% 18.47%
LONG-TERM ASSETS
Property, Plant & Equipment $909.6M $896.0M
YoY Change 1.51% -3.55%
Goodwill $1.746B $1.750B
YoY Change -0.24% 0.62%
Intangibles $149.0M $164.3M
YoY Change -9.32% -8.1%
Long-Term Investments $1.803B $1.689B
YoY Change 6.77% 8.09%
Other Assets $838.1M $615.0M
YoY Change 36.28% -17.12%
Total Long-Term Assets $42.42B $40.35B
YoY Change 5.14% 6.65%
TOTAL ASSETS
Total Short-Term Assets $17.61B $16.52B
Total Long-Term Assets $42.42B $40.35B
Total Assets $60.04B $56.87B
YoY Change 5.57% 9.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.660B $10.62B
YoY Change -18.48% 12.45%
Accrued Expenses $543.1M $580.0M
YoY Change -6.36% -4.45%
Deferred Revenue
YoY Change
Short-Term Debt $467.9M $882.9M
YoY Change -47.01% 41.69%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $28.24B $21.81B
YoY Change 29.46% 3.92%
LONG-TERM LIABILITIES
Long-Term Debt $12.57B $12.88B
YoY Change -2.35% 11.99%
Other Long-Term Liabilities $14.71B $12.37B
YoY Change 18.95% 25.22%
Total Long-Term Liabilities $12.57B $25.25B
YoY Change -50.2% 18.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.24B $21.81B
Total Long-Term Liabilities $12.57B $25.25B
Total Liabilities $49.35B $46.93B
YoY Change 5.14% 11.11%
SHAREHOLDERS EQUITY
Retained Earnings $8.190B $7.041B
YoY Change 16.31% 17.35%
Common Stock $2.631B $3.051B
YoY Change -13.77% -15.41%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 76.29M shares 69.76M shares
Shareholders Equity $10.49B $9.746B
YoY Change
Total Liabilities & Shareholders Equity $60.04B $56.87B
YoY Change 5.57% 9.83%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $328.0M $582.5M
YoY Change -43.7% 415.48%
Depreciation, Depletion And Amortization $45.94M $38.77M
YoY Change 18.5% -1.78%
Cash From Operating Activities -$1.215B -$1.496B
YoY Change -18.76% 62.94%
INVESTING ACTIVITIES
Capital Expenditures -$27.63M -$24.20M
YoY Change 14.17% -60.33%
Acquisitions
YoY Change
Other Investing Activities -$7.000K $476.0K
YoY Change -101.47% -118.59%
Cash From Investing Activities -$105.1M -$32.34M
YoY Change 224.92% -34.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $338.1M $130.1M
YoY Change 159.85% -58.06%
Debt Paid & Issued, Net $210.6M
YoY Change
Cash From Financing Activities -$1.083B $1.070B
YoY Change -201.28% -438.32%
NET CHANGE
Cash From Operating Activities -$1.215B -$1.496B
Cash From Investing Activities -$105.1M -$32.34M
Cash From Financing Activities -$1.083B $1.070B
Net Change In Cash -$2.404B -$454.7M
YoY Change 428.71% -64.65%
FREE CASH FLOW
Cash From Operating Activities -$1.215B -$1.496B
Capital Expenditures -$27.63M -$24.20M
Free Cash Flow -$1.188B -$1.472B
YoY Change -19.3% 71.71%

Facts In Submission

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CY2022Q1 us-gaap Nature Of Operations
NatureOfOperations
Nature of Operations<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Jefferies Financial Group Inc. ("Jefferies," "we," "our" or the "Company") is engaged in investment banking and capital markets, and asset management. Our strategy focuses on continuing to build out our investment banking effort, enhancing our capital markets businesses and further developing our Leucadia Asset Management alternative asset management platform, while returning excess capital to shareholders. Jefferies Group LLC ("Jefferies Group"), our largest subsidiary, was established in 1962 and is the largest independent U.S.-headquartered global full-service integrated investment banking and securities firm. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Jefferies Group operates in two business segments: Investment Banking and Capital Markets, and Asset Management. Investment Banking and Capital Markets includes investment banking, capital markets and other related services. Investment banking provides underwriting and financial advisory services to clients across most industry sectors in the Americas, Europe, the Middle East and Africa, and Asia Pacific. Capital markets businesses operate across the spectrum of equities and fixed income products.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Within Asset Management, we manage, invest in and provide services to a diverse group of alternative asset management platforms across a spectrum of investment strategies and asset classes. Asset Management offers institutional clients an innovative range of investment strategies through its affiliated managers.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We own a legacy portfolio of businesses and investments that we historically denominated as our "Merchant Banking" business and are reflected in our consolidated results as consolidated subsidiaries, equity investments, securities or in other ways. We are well along in the process of liquidating this portfolio, with the intention of selling to third parties, distributing to shareholders or transferring the balance of this portfolio to our Asset Management reportable segment over the next few years. Our Merchant Banking reportable segment primarily includes Linkem (fixed wireless broadband services in Italy); Vitesse Energy, LLC ("Vitesse Energy") (oil and gas production and development); real estate, primarily HomeFed LLC ("HomeFed"); Idaho Timber (manufacturing) and FXCM Group, LLC ("FXCM") (provider of online foreign exchange trading services). </span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">On December 1, 2021, we made a $477 million contribution of net assets, including both Merchant Banking and Asset Management investments, to Jefferies Group. The transferred Merchant Banking investments are now being managed by a different management team, while the Asset Management investments continue to be managed by the co-Presidents of Asset Management who oversee all asset management activities across the Company. As a result, we transferred $194 million of net assets out of our Merchant Banking segment: $139 million of these net assets, including $48 million of net assets relating to Foursight Capital LLC ("Foursight"), were transferred into our Investment Banking and Capital Markets segment; the remaining $55 million of net assets transferred are now managed by the co-Presidents of Asset Management and are included in our Asset Management segment. Prior year amounts have been reclassified to conform to current segment reporting.</span></div>
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
The preparation of these financial statements in accordance with accounting principles generally accepted in the United States of America ("GAAP") requires us to make estimates and assumptions that affect the reported amounts in the financial statements and disclosures of contingent assets and liabilities. On an ongoing basis, we evaluate all of these estimates and assumptions.
CY2022Q1 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
5100000000 USD
CY2021Q4 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
4900000000 USD
CY2022Q1 us-gaap Receivables From Customers
ReceivablesFromCustomers
1900000000 USD
CY2021Q4 us-gaap Receivables From Customers
ReceivablesFromCustomers
1620000000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
75999000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
53926000 USD
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
9001000 USD
CY2021Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3267000 USD
CY2022Q1 jef Accounts Receivable Allowance For Credit Loss Writeoff Net Of Recoveries
AccountsReceivableAllowanceForCreditLossWriteoffNetOfRecoveries
5631000 USD
CY2021Q1 jef Accounts Receivable Allowance For Credit Loss Writeoff Net Of Recoveries
AccountsReceivableAllowanceForCreditLossWriteoffNetOfRecoveries
7320000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
79369000 USD
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
76392000 USD
CY2022Q1 jef Other Investments Carrying Value
OtherInvestmentsCarryingValue
91800000 USD
CY2021Q4 jef Other Investments Carrying Value
OtherInvestmentsCarryingValue
119400000 USD
CY2022Q1 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
CY2021Q1 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 USD
CY2022Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3200000 USD
CY2021Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1900000 USD
CY2022Q1 srt Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
4640000000 USD
CY2021Q4 srt Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
5820000000 USD
CY2022Q1 srt Payables To Customers
PayablesToCustomers
4020000000.00 USD
CY2021Q4 srt Payables To Customers
PayablesToCustomers
4460000000 USD
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
321015000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
242027000 USD
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
16715000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
20350000 USD
CY2022Q1 jef Non Cash Financing Purchase Of Common Shares For Treasury Settled After Current Period End Date
NonCashFinancingPurchaseOfCommonSharesForTreasurySettledAfterCurrentPeriodEndDate
26100000 USD
CY2022Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
3246638000 USD
CY2022Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
3246638000 USD
CY2022Q1 jef Financial Instruments Owned At Fair Value Excluding Investments At Fair Value Based On Nav
FinancialInstrumentsOwnedAtFairValueExcludingInvestmentsAtFairValueBasedOnNAV
20473529000 USD
CY2022Q1 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
22480000 USD
CY2022Q1 us-gaap Securities Received As Collateral
SecuritiesReceivedAsCollateral
973000 USD
CY2022Q1 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
3486083000 USD
CY2022Q1 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
3486083000 USD
CY2022Q1 us-gaap Financial Instruments Sold Not Yet Purchased At Fair Value
FinancialInstrumentsSoldNotYetPurchasedAtFairValue
14713872000 USD
CY2022Q1 jef Other Secured Financings Fair Value
OtherSecuredFinancingsFairValue
158008000 USD
CY2022Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1762163000 USD
CY2022Q1 us-gaap Obligation To Return Securities Received As Collateral
ObligationToReturnSecuritiesReceivedAsCollateral
973000 USD
CY2021Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
3305756000 USD
CY2021Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
3305756000 USD
CY2021Q4 jef Financial Instruments Owned At Fair Value Excluding Investments At Fair Value Based On Nav
FinancialInstrumentsOwnedAtFairValueExcludingInvestmentsAtFairValueBasedOnNAV
18802730000 USD
CY2021Q4 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
30842000 USD
CY2021Q4 us-gaap Securities Received As Collateral
SecuritiesReceivedAsCollateral
7289000 USD
CY2021Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
3702200000 USD
CY2021Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
3702200000 USD
CY2021Q4 us-gaap Financial Instruments Sold Not Yet Purchased At Fair Value
FinancialInstrumentsSoldNotYetPurchasedAtFairValue
11699467000 USD
CY2021Q4 jef Other Secured Financings Fair Value
OtherSecuredFinancingsFairValue
102788000 USD
CY2021Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1843598000 USD
CY2021Q4 us-gaap Obligation To Return Securities Received As Collateral
ObligationToReturnSecuritiesReceivedAsCollateral
7289000 USD
CY2022Q1 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments
66867000 USD
CY2021Q4 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments
53905000 USD
CY2022Q1 jef Fair Value Liabilities Measured On Recurring Basis Still Held Change In Unrealized Gain Loss Included In Other Comprehensive Income
FairValueLiabilitiesMeasuredOnRecurringBasisStillHeldChangeInUnrealizedGainLossIncludedInOtherComprehensiveIncome
32100000 USD
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
64800000 USD
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
40500000 USD
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
72600000 USD
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
72100000 USD
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
21600000 USD
CY2022Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
161400000 USD
CY2021Q1 jef Fair Value Liabilities Measured On Recurring Basis Still Held Change In Unrealized Gain Loss Included In Other Comprehensive Income
FairValueLiabilitiesMeasuredOnRecurringBasisStillHeldChangeInUnrealizedGainLossIncludedInOtherComprehensiveIncome
-40900000 USD
CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
75800000 USD
CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
68900000 USD
CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
236700000 USD
CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
13300000 USD
CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
102200000 USD
CY2021Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-72100000 USD
CY2022Q1 jef Excluded Securities From Unobservable Quantitative Information Assets
ExcludedSecuritiesFromUnobservableQuantitativeInformationAssets
45000000 USD
CY2021Q4 jef Excluded Securities From Unobservable Quantitative Information Assets
ExcludedSecuritiesFromUnobservableQuantitativeInformationAssets
40800000 USD
CY2022Q1 jef Excluded Securitiesfrom Unobservable Quantitative Information Liabilities
ExcludedSecuritiesfromUnobservableQuantitativeInformationLiabilities
13400000 USD
CY2021Q4 jef Excluded Securitiesfrom Unobservable Quantitative Information Liabilities
ExcludedSecuritiesfromUnobservableQuantitativeInformationLiabilities
2200000 USD
CY2022Q1 us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
-2287000 USD
CY2021Q1 us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
10696000 USD
CY2022Q1 jef Fair Value Option Credit Risk Gains Losses On Loans
FairValueOptionCreditRiskGainsLossesOnLoans
1548000 USD
CY2021Q1 jef Fair Value Option Credit Risk Gains Losses On Loans
FairValueOptionCreditRiskGainsLossesOnLoans
0 USD
CY2022Q1 us-gaap Fair Value Option Aggregate Differences Loans And Long Term Receivables
FairValueOptionAggregateDifferencesLoansAndLongTermReceivables
5533863000 USD
CY2021Q4 us-gaap Fair Value Option Aggregate Differences Loans And Long Term Receivables
FairValueOptionAggregateDifferencesLoansAndLongTermReceivables
5600648000 USD
CY2022Q1 jef Fair Value Option Loans Held As Assets Aggregate Amount In Nonaccrual Status And Or90 Days Or Greater Past Due Aggregated Difference
FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatusAndOr90DaysOrGreaterPastDueAggregatedDifference
51601000 USD
CY2021Q4 jef Fair Value Option Loans Held As Assets Aggregate Amount In Nonaccrual Status And Or90 Days Or Greater Past Due Aggregated Difference
FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatusAndOr90DaysOrGreaterPastDueAggregatedDifference
64203000 USD
CY2022Q1 jef Fair Value Option Aggregate Differences Longterm Debt And Shortterm Borrowing
FairValueOptionAggregateDifferencesLongtermDebtAndShorttermBorrowing
107282000 USD
CY2021Q4 jef Fair Value Option Aggregate Differences Longterm Debt And Shortterm Borrowing
FairValueOptionAggregateDifferencesLongtermDebtAndShorttermBorrowing
-38391000 USD
CY2022Q1 jef Fair Value Option Aggregate Differences Other Secured Financings
FairValueOptionAggregateDifferencesOtherSecuredFinancings
3432000 USD
CY2021Q4 jef Fair Value Option Aggregate Differences Other Secured Financings
FairValueOptionAggregateDifferencesOtherSecuredFinancings
3432000 USD
CY2022Q1 us-gaap Fair Value Option Loans Held As Assets90 Days Or More Past Due Aggregate Difference
FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference
16800000 USD
CY2021Q4 us-gaap Fair Value Option Loans Held As Assets90 Days Or More Past Due Aggregate Difference
FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference
19700000 USD
CY2022Q1 jef Fair Value Option Loans Held As Assets Aggregate Amount In Nonaccrual Status And Or90 Days Or Greater Past Due
FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatusAndOr90DaysOrGreaterPastDue
42000000 USD
CY2021Q4 jef Fair Value Option Loans Held As Assets Aggregate Amount In Nonaccrual Status And Or90 Days Or Greater Past Due
FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatusAndOr90DaysOrGreaterPastDue
56900000 USD
CY2022Q1 us-gaap Fair Value Option Loans Held As Assets90 Days Or More Past Due
FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
11900000 USD
CY2021Q4 us-gaap Fair Value Option Loans Held As Assets90 Days Or More Past Due
FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
23500000 USD
CY2022Q1 us-gaap Derivative Assets
DerivativeAssets
437453000 USD
CY2022Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
943210000 USD
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
570472000 USD
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1412176000 USD
CY2022Q1 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
6544000 USD
CY2021Q1 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
3020000 USD
CY2022Q1 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
142096000 USD
CY2021Q1 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-102520000 USD
CY2022Q1 jef Otc Derivative Assets Having Maturity Period Of Zero To Twelve Months
OtcDerivativeAssetsHavingMaturityPeriodOfZeroToTwelveMonths
494814000 USD
CY2022Q1 jef Otc Derivative Assets Having Maturity Period Of One To Five Years
OtcDerivativeAssetsHavingMaturityPeriodOfOneToFiveYears
208208000 USD
CY2022Q1 jef Otc Derivative Assets Having Maturity Period Of Greater Than Five Years
OtcDerivativeAssetsHavingMaturityPeriodOfGreaterThanFiveYears
84444000 USD
CY2022Q1 jef Otc Derivative Assets Cross Maturity Netting
OtcDerivativeAssetsCrossMaturityNetting
62528000 USD
CY2022Q1 jef Consolidated Otc Derivative Assets Net Of Crossmaturity Netting
ConsolidatedOtcDerivativeAssetsNetOfCrossmaturityNetting
724938000 USD
CY2022Q1 jef Derivative Assets Cross Product Counterparty Netting
DerivativeAssetsCrossProductCounterpartyNetting
8869000 USD
CY2022Q1 jef Otc Derivative Assets Included In Financial Instruments Owned
OtcDerivativeAssetsIncludedInFinancialInstrumentsOwned
716069000 USD
CY2022Q1 jef Exchange Traded Derivative Assets And Other Credit Agreements
ExchangeTradedDerivativeAssetsAndOtherCreditAgreements
226900000 USD
CY2022Q1 jef Cash Collateral Received
CashCollateralReceived
505500000 USD
CY2022Q1 jef Otc Derivative Liabilities Having Maturity Period Of Zero To Twelve Months
OtcDerivativeLiabilitiesHavingMaturityPeriodOfZeroToTwelveMonths
518064000 USD
CY2022Q1 jef Otc Derivative Liabilities Having Maturity Period Of One To Five Years
OtcDerivativeLiabilitiesHavingMaturityPeriodOfOneToFiveYears
1001015000 USD
CY2022Q1 jef Otc Derivative Liabilities Having Maturity Period Of Greater Than Five Years
OtcDerivativeLiabilitiesHavingMaturityPeriodOfGreaterThanFiveYears
233476000 USD
CY2022Q1 jef Otc Derivative Liabilities Cross Maturity Netting
OtcDerivativeLiabilitiesCrossMaturityNetting
62528000 USD
CY2022Q1 jef Consolidated Otc Derivative Liabilities Net Of Crossmaturity Netting
ConsolidatedOtcDerivativeLiabilitiesNetOfCrossmaturityNetting
1690027000 USD
CY2022Q1 jef Derivative Liabilities Cross Product Counterparty Netting
DerivativeLiabilitiesCrossProductCounterpartyNetting
8869000 USD
CY2022Q1 jef Otc Derivative Liabilities Included In Financial Instruments Sold Not Yet Purchased
OtcDerivativeLiabilitiesIncludedInFinancialInstrumentsSoldNotYetPurchased
1681158000 USD
CY2022Q1 jef Exchange Traded Derivative Liabilities And Other Credit Agreements
ExchangeTradedDerivativeLiabilitiesAndOtherCreditAgreements
7000000 USD
CY2022Q1 jef Cash Collateral Pledged
CashCollateralPledged
744900000 USD
CY2022Q1 jef Fair Value Of Otc Derivatives Assets Counterparty Credit Quality
FairValueOfOtcDerivativesAssetsCounterpartyCreditQuality
467918000 USD
CY2022Q1 jef Fair Value Of Otc Derivatives Assets Counterparty Credit Quality Bbb Minus To Bbb Plus
FairValueOfOtcDerivativesAssetsCounterpartyCreditQualityBbbMinusToBbbPlus
15109000 USD
CY2022Q1 jef Fair Value Of Otc Derivatives Assets Counterparty Credit Quality Bb Plus Or Lower
FairValueOfOtcDerivativesAssetsCounterpartyCreditQualityBbPlusOrLower
119477000 USD
CY2022Q1 jef Fair Value Of Over Counter Derivatives Assets Counterparty Credit Quality Unrated
FairValueOfOverCounterDerivativesAssetsCounterpartyCreditQualityUnrated
113565000 USD
CY2022Q1 jef Otc Derivative Assets Included In Financial Instruments Owned
OtcDerivativeAssetsIncludedInFinancialInstrumentsOwned
716069000 USD
CY2022Q1 us-gaap Obligation To Return Securities Received As Collateral
ObligationToReturnSecuritiesReceivedAsCollateral
973000 USD
CY2022Q1 us-gaap Secured Borrowings Gross Including Not Subject To Master Netting Arrangement
SecuredBorrowingsGrossIncludingNotSubjectToMasterNettingArrangement
21111694000 USD
CY2022Q1 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
642000000.0 USD
CY2021Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
821500000 USD
CY2022Q1 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
313700000 USD
CY2021Q4 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
160500000 USD
CY2022Q1 jef Collateral Received Aggregate Fair Value
CollateralReceivedAggregateFairValue
117600000 USD
CY2021Q4 jef Collateral Received Aggregate Fair Value
CollateralReceivedAggregateFairValue
369300000 USD
CY2022Q1 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
446000000.0 USD
CY2021Q4 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
1030400000 USD
CY2022Q1 us-gaap Securities Loaned Including Not Subject To Master Netting Arrangement And Assets Other Than Securities Transferred
SecuritiesLoanedIncludingNotSubjectToMasterNettingArrangementAndAssetsOtherThanSecuritiesTransferred
1808896000 USD
CY2022Q1 us-gaap Financial Assets Sold Under Agreements To Repurchase Gross Including Not Subject To Master Netting Arrangement
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement
19301825000 USD
CY2021Q4 us-gaap Securities Loaned Including Not Subject To Master Netting Arrangement And Assets Other Than Securities Transferred
SecuritiesLoanedIncludingNotSubjectToMasterNettingArrangementAndAssetsOtherThanSecuritiesTransferred
1525721000 USD
CY2021Q4 us-gaap Financial Assets Sold Under Agreements To Repurchase Gross Including Not Subject To Master Netting Arrangement
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement
16019400000 USD
CY2021Q4 us-gaap Obligation To Return Securities Received As Collateral
ObligationToReturnSecuritiesReceivedAsCollateral
7289000 USD
CY2021Q4 us-gaap Secured Borrowings Gross Including Not Subject To Master Netting Arrangement
SecuredBorrowingsGrossIncludingNotSubjectToMasterNettingArrangement
17552410000 USD
CY2022Q1 us-gaap Securities Loaned Including Not Subject To Master Netting Arrangement And Assets Other Than Securities Transferred
SecuritiesLoanedIncludingNotSubjectToMasterNettingArrangementAndAssetsOtherThanSecuritiesTransferred
1808896000 USD
CY2022Q1 us-gaap Financial Assets Sold Under Agreements To Repurchase Gross Including Not Subject To Master Netting Arrangement
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement
19301825000 USD
CY2022Q1 us-gaap Obligation To Return Securities Received As Collateral
ObligationToReturnSecuritiesReceivedAsCollateral
973000 USD
CY2022Q1 us-gaap Secured Borrowings Gross Including Not Subject To Master Netting Arrangement
SecuredBorrowingsGrossIncludingNotSubjectToMasterNettingArrangement
21111694000 USD
CY2021Q4 us-gaap Securities Loaned Including Not Subject To Master Netting Arrangement And Assets Other Than Securities Transferred
SecuritiesLoanedIncludingNotSubjectToMasterNettingArrangementAndAssetsOtherThanSecuritiesTransferred
1525721000 USD
CY2021Q4 us-gaap Financial Assets Sold Under Agreements To Repurchase Gross Including Not Subject To Master Netting Arrangement
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement
16019400000 USD
CY2021Q4 us-gaap Obligation To Return Securities Received As Collateral
ObligationToReturnSecuritiesReceivedAsCollateral
7289000 USD
CY2021Q4 us-gaap Secured Borrowings Gross Including Not Subject To Master Netting Arrangement
SecuredBorrowingsGrossIncludingNotSubjectToMasterNettingArrangement
17552410000 USD
CY2022Q1 us-gaap Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged
34590000000 USD
CY2021Q4 us-gaap Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged
31970000000 USD
CY2022Q1 us-gaap Securities Borrowed Gross
SecuritiesBorrowedGross
7110757000 USD
CY2022Q1 us-gaap Securities Borrowed Liability
SecuritiesBorrowedLiability
0 USD
CY2022Q1 us-gaap Securities Borrowed
SecuritiesBorrowed
7110757000 USD
CY2022Q1 us-gaap Securities Borrowed Collateral Obligation To Return Cash
SecuritiesBorrowedCollateralObligationToReturnCash
666368000 USD
CY2022Q1 us-gaap Securities Borrowed Collateral Obligation To Return Securities
SecuritiesBorrowedCollateralObligationToReturnSecurities
1374501000 USD
CY2022Q1 us-gaap Securities Borrowed Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesBorrowedOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
5069888000 USD
CY2022Q1 us-gaap Securities Purchased Under Agreements To Resell Gross
SecuritiesPurchasedUnderAgreementsToResellGross
16925395000 USD
CY2022Q1 us-gaap Securities Purchased Under Agreements To Resell Liability
SecuritiesPurchasedUnderAgreementsToResellLiability
10368182000 USD
CY2022Q1 us-gaap Securities Purchased Under Agreements To Resell
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