2023 Q2 Form 10-Q Financial Statement

#000009622323000026 Filed on July 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 Q2
Revenue $1.658B $1.618B
YoY Change 2.49% -25.3%
Cost Of Revenue $712.5M $130.4M
YoY Change 446.21% -9.31%
Gross Profit $946.0M $1.488B
YoY Change -36.41% -26.44%
Gross Profit Margin 57.04% 91.94%
Selling, General & Admin $787.7M $906.8M
YoY Change -13.13% -65.35%
% of Gross Profit 83.27% 60.95%
Research & Development $118.9M $111.1M
YoY Change 7.04%
% of Gross Profit 12.57% 7.47%
Depreciation & Amortization $25.87M $40.31M
YoY Change -35.83% 2.2%
% of Gross Profit 2.73% 2.71%
Operating Expenses $920.7M $947.1M
YoY Change -2.78% -64.86%
Operating Profit $25.22M $540.6M
YoY Change -95.34% -180.33%
Interest Expense $613.6M $9.311M
YoY Change 6489.75% -53.31%
% of Operating Profit 2432.98% 1.72%
Other Income/Expense, Net $50.96M $76.39M
YoY Change -33.29%
Pretax Income $17.92M $166.5M
YoY Change -89.24% -64.88%
Income Tax $9.235M $49.68M
% Of Pretax Income 51.54% 29.83%
Net Earnings $12.39M $116.9M
YoY Change -89.4% -66.93%
Net Earnings / Revenue 0.75% 7.22%
Basic Earnings Per Share $0.05 $0.46
Diluted Earnings Per Share $0.05 $0.45
COMMON SHARES
Basic Shares Outstanding 242.6M shares 249.1M shares
Diluted Shares Outstanding 245.4M shares 252.0M shares

Balance Sheet

Concept 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.005B $8.523B
YoY Change -6.08% 0.95%
Cash & Equivalents $8.005B $8.523B
Short-Term Investments
Other Short-Term Assets $1.068B $962.6M
YoY Change 10.95% 6.79%
Inventory
Prepaid Expenses
Receivables $2.852B
Other Receivables $520.4M
Total Short-Term Assets $12.44B $18.80B
YoY Change -33.81% 7.59%
LONG-TERM ASSETS
Property, Plant & Equipment $907.2M $891.1M
YoY Change 1.81% -1.32%
Goodwill $1.738B $1.740B
YoY Change -0.09% -0.67%
Intangibles $134.9M $145.3M
YoY Change -7.12% -9.75%
Long-Term Investments $35.01B $1.804B
YoY Change 1841.32% 4.36%
Other Assets $962.6M
YoY Change
Total Long-Term Assets $41.30B $38.41B
YoY Change 7.51% -5.16%
TOTAL ASSETS
Total Short-Term Assets $12.44B $18.80B
Total Long-Term Assets $41.30B $38.41B
Total Assets $53.74B $57.21B
YoY Change -6.07% -1.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.554B $8.500B
YoY Change -11.13% -10.92%
Accrued Expenses $2.525B $516.4M
YoY Change 388.94% -9.45%
Deferred Revenue $26.40M
YoY Change
Short-Term Debt $23.32B $354.2M
YoY Change 6485.47% -25.57%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $33.40B $33.08B
YoY Change 0.99% 3.64%
LONG-TERM LIABILITIES
Long-Term Debt $10.57B $11.67B
YoY Change -9.44% -10.75%
Other Long-Term Liabilities $11.74B $13.67B
YoY Change -14.12% 14.14%
Total Long-Term Liabilities $10.57B $11.67B
YoY Change -9.44% -10.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $33.40B $33.08B
Total Long-Term Liabilities $10.57B $11.67B
Total Liabilities $44.04B $46.70B
YoY Change -5.69% -2.14%
SHAREHOLDERS EQUITY
Retained Earnings $7.869B $8.228B
YoY Change -4.37% 12.1%
Common Stock $2.197B $2.389B
YoY Change -8.03% -22.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 84.14M shares
Shareholders Equity $9.696B $10.30B
YoY Change
Total Liabilities & Shareholders Equity $53.74B $57.21B
YoY Change -6.07% -1.32%

Cashflow Statement

Concept 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $12.39M $116.9M
YoY Change -89.4% -66.93%
Depreciation, Depletion And Amortization $25.87M $40.31M
YoY Change -35.83% 2.2%
Cash From Operating Activities $417.2M $1.225B
YoY Change -65.94% 138.13%
INVESTING ACTIVITIES
Capital Expenditures $25.06M -$57.13M
YoY Change -143.87% 75.44%
Acquisitions
YoY Change
Other Investing Activities -$56.14M -$71.27M
YoY Change -21.22% 11.45%
Cash From Investing Activities -$81.20M -$128.4M
YoY Change -36.76% 33.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$114.1M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 57.13M -972.8M
YoY Change -105.87% 231.19%
NET CHANGE
Cash From Operating Activities 417.2M 1.225B
Cash From Investing Activities -81.20M -128.4M
Cash From Financing Activities 57.13M -972.8M
Net Change In Cash 393.1M 123.6M
YoY Change 218.07% -0.4%
FREE CASH FLOW
Cash From Operating Activities $417.2M $1.225B
Capital Expenditures $25.06M -$57.13M
Free Cash Flow $392.1M $1.282B
YoY Change -69.41% 134.4%

Facts In Submission

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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
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OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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OtherComprehensiveIncomeLossChangesinInstrumentSpecificCreditRiskTax
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us-gaap Common Stock Dividends Per Share Declared
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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ShareBasedCompensation
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DistributionsReceivedOnInvestmentsInRelatedParties
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us-gaap Net Cash Provided By Used In Financing Activities
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jef Capital Distributions Spinoff Transaction
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us-gaap Prior Period Reclassification Adjustment Description
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Reclassifications to Consolidated Financial StatementsWe have made certain reclassifications within our Consolidated Statements of Financial Condition and Consolidated Statements of Earnings in connection with the merger of Jefferies Group into Jefferies Financial Group Inc. This streamlines our financial statements and better aligns the presentation of our firm with our strategy of building our investment banking and capital markets and asset management businesses and reducing our legacy merchant banking portfolio. The reclassifications including, but not limited to, the presentation of equity method earnings and interest expense within the financial statements, conform to the presentation utilized in the historical Jefferies Group consolidated financial statements prior to the merger. Additionally, the presentation of asset management fees and revenues and selling, general and other expenses has been disaggregated to provide additional financial statement line item categories on the face of the Consolidated Statements of Earnings. These reclassifications have no effect on our consolidated net earnings, comprehensive income, total assets, total liabilities or total equity. These reclassifications have no effect on the net change in cash, cash equivalents and restricted cash. Historical periods have been recast to conform to these reclassifications.
CY2022Q2 us-gaap Principal Transactions Revenue
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us-gaap Principal Transactions Revenue
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CY2023Q2 jef Exchange Agreement Voting Common Stock To Preferred Stock Ratio
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CY2023Q2 jef Exchange Agreement Number Of Preferred Stock Maximum
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CY2023Q2 us-gaap Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
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2623164000 usd
CY2023Q2 jef Financial Instruments Ownedat Fair Value Excluding Investmentsat Net Asset Value
FinancialInstrumentsOwnedatFairValueExcludingInvestmentsatNetAssetValue
19779742000 usd
CY2023Q2 jef Cash And Securities Segregated Under Federal And Other Regulations Fair Value Disclosure
CashAndSecuritiesSegregatedUnderFederalAndOtherRegulationsFairValueDisclosure
155508000 usd
CY2023Q2 us-gaap Securities Received As Collateral
SecuritiesReceivedAsCollateral
9486000 usd
CY2023Q2 us-gaap Derivative Liability Fair Value Gross Asset And Right To Reclaim Cash Offset
DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset
2430547000 usd
CY2023Q2 us-gaap Derivative Liability Fair Value Gross Asset And Right To Reclaim Cash Offset
DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset
2430547000 usd
CY2023Q2 us-gaap Financial Instruments Sold Not Yet Purchased At Fair Value
FinancialInstrumentsSoldNotYetPurchasedAtFairValue
11735054000 usd
CY2023Q2 us-gaap Secured Debt Other
SecuredDebtOther
1712000 usd
CY2023Q2 us-gaap Obligation To Return Securities Received As Collateral
ObligationToReturnSecuritiesReceivedAsCollateral
9486000 usd
CY2022Q4 us-gaap Derivative Asset Fair Value Gross Liability And Obligation To Return Cash Offset
DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset
3093244000 usd
CY2022Q4 jef Financial Instruments Ownedat Fair Value Excluding Investmentsat Net Asset Value
FinancialInstrumentsOwnedatFairValueExcludingInvestmentsatNetAssetValue
17372332000 usd
CY2022Q4 us-gaap Securities Received As Collateral
SecuritiesReceivedAsCollateral
100362000 usd
CY2022Q4 us-gaap Derivative Liability Fair Value Gross Asset And Right To Reclaim Cash Offset
DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset
2732165000 usd
CY2022Q4 us-gaap Derivative Liability Fair Value Gross Asset And Right To Reclaim Cash Offset
DerivativeLiabilityFairValueGrossAssetAndRightToReclaimCashOffset
2732165000 usd
CY2022Q4 us-gaap Financial Instruments Sold Not Yet Purchased At Fair Value
FinancialInstrumentsSoldNotYetPurchasedAtFairValue
11056477000 usd
CY2022Q4 us-gaap Secured Debt Other
SecuredDebtOther
1712000 usd
CY2022Q4 us-gaap Obligation To Return Securities Received As Collateral
ObligationToReturnSecuritiesReceivedAsCollateral
100362000 usd
CY2022Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1583828000 usd
CY2022Q4 us-gaap Alternative Investment
AlternativeInvestment
1293964000 usd
CY2022Q4 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments
90855000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
41300000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
30900000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
92700000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
71900000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
16600000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
44800000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
67100000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
48800000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
73500000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
23400000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
28600000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
26200000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
42300000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
11300000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
89200000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
26500000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
30400000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
159200000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
60300000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
25000000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
117800000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
44000000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
44000000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
51500000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
332300000 usd
CY2023Q2 jef Fair Value Measurementwith Unobservable Inputs Reconciliations Recurring Basis Asset Exclusion Value
FairValueMeasurementwithUnobservableInputsReconciliationsRecurringBasisAssetExclusionValue
79200000 usd
CY2022Q4 jef Fair Value Measurementwith Unobservable Inputs Reconciliations Recurring Basis Asset Exclusion Value
FairValueMeasurementwithUnobservableInputsReconciliationsRecurringBasisAssetExclusionValue
80200000 usd
CY2023Q2 jef Fair Value Measurementwith Unobservable Inputs Reconciliations Recurring Basis Liability Exclusion Value
FairValueMeasurementwithUnobservableInputsReconciliationsRecurringBasisLiabilityExclusionValue
9300000 usd
CY2022Q4 jef Fair Value Measurementwith Unobservable Inputs Reconciliations Recurring Basis Liability Exclusion Value
FairValueMeasurementwithUnobservableInputsReconciliationsRecurringBasisLiabilityExclusionValue
9600000 usd
CY2023Q2 us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
-23439000 usd
CY2022Q2 us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
-1478000 usd
us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
-6651000 usd
us-gaap Fair Value Option Credit Risk Gains Losses On Assets
FairValueOptionCreditRiskGainsLossesOnAssets
-1294000 usd
CY2023Q2 us-gaap Fair Value Option Aggregate Differences Loans And Long Term Receivables
FairValueOptionAggregateDifferencesLoansAndLongTermReceivables
1837270000 usd
CY2022Q4 us-gaap Fair Value Option Aggregate Differences Loans And Long Term Receivables
FairValueOptionAggregateDifferencesLoansAndLongTermReceivables
2144632000 usd
CY2023Q2 us-gaap Fair Value Option Loans Held As Assets Aggregate Amount In Nonaccrual Status Aggregated Difference
FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatusAggregatedDifference
227075000 usd
CY2022Q4 us-gaap Fair Value Option Loans Held As Assets Aggregate Amount In Nonaccrual Status Aggregated Difference
FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatusAggregatedDifference
181766000 usd
CY2023Q2 jef Fair Value Option Aggregate Differences Longterm And Short Term Debt Instruments
FairValueOptionAggregateDifferencesLongtermAndShortTermDebtInstruments
351773000 usd
CY2022Q4 jef Fair Value Option Aggregate Differences Longterm And Short Term Debt Instruments
FairValueOptionAggregateDifferencesLongtermAndShortTermDebtInstruments
369990000 usd
CY2023Q2 jef Fair Value Option Aggregate Differences Other Secured Financings
FairValueOptionAggregateDifferencesOtherSecuredFinancings
3563000 usd
CY2022Q4 jef Fair Value Option Aggregate Differences Other Secured Financings
FairValueOptionAggregateDifferencesOtherSecuredFinancings
3563000 usd
CY2023Q2 us-gaap Fair Value Option Loans Held As Assets90 Days Or More Past Due Aggregate Difference
FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference
65000000 usd
CY2022Q4 us-gaap Fair Value Option Loans Held As Assets90 Days Or More Past Due Aggregate Difference
FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference
83400000 usd
CY2023Q2 us-gaap Fair Value Option Loans Held As Assets Aggregate Amount In Nonaccrual Status
FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus
57400000 usd
CY2022Q4 us-gaap Fair Value Option Loans Held As Assets Aggregate Amount In Nonaccrual Status
FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus
69200000 usd
CY2023Q2 us-gaap Fair Value Option Loans Held As Assets90 Days Or More Past Due
FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
31500000 usd
CY2022Q4 us-gaap Fair Value Option Loans Held As Assets90 Days Or More Past Due
FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
65100000 usd
CY2023Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
0 usd
CY2022Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
37000000 usd
CY2023Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
-80300000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
-113500000 usd
CY2023Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
-71600000 usd
us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
-79900000 usd
CY2022Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
0 usd
us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
0 usd
CY2023Q2 us-gaap Financial Instruments Owned Derivatives And Other Contractual Agreements At Fair Value
FinancialInstrumentsOwnedDerivativesAndOtherContractualAgreementsAtFairValue
496053000 usd
CY2023Q2 us-gaap Financial Instruments Sold Not Yet Purchased Derivatives And Other Contracts
FinancialInstrumentsSoldNotYetPurchasedDerivativesAndOtherContracts
1311860000 usd
CY2022Q4 us-gaap Financial Instruments Owned Derivatives And Other Contractual Agreements At Fair Value
FinancialInstrumentsOwnedDerivativesAndOtherContractualAgreementsAtFairValue
349166000 usd
CY2022Q4 us-gaap Financial Instruments Sold Not Yet Purchased Derivatives And Other Contracts
FinancialInstrumentsSoldNotYetPurchasedDerivativesAndOtherContracts
1512697000 usd
CY2023Q2 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
-14032000 usd
CY2022Q2 us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
4626000 usd
us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
-25341000 usd
us-gaap Gain Loss On Fair Value Hedges Recognized In Earnings
GainLossOnFairValueHedgesRecognizedInEarnings
11170000 usd
CY2023Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-156100000 usd
CY2022Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-243964000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-135665000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-101868000 usd
CY2023Q2 jef Otc Derivative Assets Having Maturity Period Of Zero To Twelve Months
OtcDerivativeAssetsHavingMaturityPeriodOfZeroToTwelveMonths
319666000 usd
CY2023Q2 jef Otc Derivative Assets Having Maturity Period Of One To Five Years
OtcDerivativeAssetsHavingMaturityPeriodOfOneToFiveYears
792945000 usd
CY2023Q2 jef Otc Derivative Assets Having Maturity Period Of Greater Than Five Years
OtcDerivativeAssetsHavingMaturityPeriodOfGreaterThanFiveYears
45762000 usd
CY2023Q2 jef Otc Derivative Assets Cross Maturity Netting
OtcDerivativeAssetsCrossMaturityNetting
-194815000 usd
CY2023Q2 jef Consolidated Otc Derivative Assets Net Of Crossmaturity Netting
ConsolidatedOtcDerivativeAssetsNetOfCrossmaturityNetting
963558000 usd
CY2023Q2 jef Derivative Assets Cross Product Counterparty Netting
DerivativeAssetsCrossProductCounterpartyNetting
52067000 usd
CY2023Q2 jef Otc Derivative Assets Included In Financial Instruments Owned
OtcDerivativeAssetsIncludedInFinancialInstrumentsOwned
911491000 usd
CY2023Q2 jef Exchange Traded Derivative Assets
ExchangeTradedDerivativeAssets
329200000 usd
CY2023Q2 jef Cash Collateral Received
CashCollateralReceived
744600000 usd
CY2023Q2 jef Otc Derivative Liabilities Having Maturity Period Of Zero To Twelve Months
OtcDerivativeLiabilitiesHavingMaturityPeriodOfZeroToTwelveMonths
419993000 usd
CY2023Q2 jef Otc Derivative Liabilities Having Maturity Period Of One To Five Years
OtcDerivativeLiabilitiesHavingMaturityPeriodOfOneToFiveYears
1098660000 usd
CY2023Q2 jef Otc Derivative Liabilities Having Maturity Period Of Greater Than Five Years
OtcDerivativeLiabilitiesHavingMaturityPeriodOfGreaterThanFiveYears
564118000 usd
CY2023Q2 jef Otc Derivative Liabilities Cross Maturity Netting
OtcDerivativeLiabilitiesCrossMaturityNetting
-194815000 usd
CY2023Q2 jef Consolidated Otc Derivative Liabilities Net Of Cross Maturity Netting
ConsolidatedOtcDerivativeLiabilitiesNetOfCrossMaturityNetting
1887956000 usd
CY2023Q2 jef Derivative Liabilities Cross Product Counterparty Netting
DerivativeLiabilitiesCrossProductCounterpartyNetting
52067000 usd
CY2023Q2 jef Otc Derivative Liabilities Included In Financial Instruments Sold Not Yet Purchased
OtcDerivativeLiabilitiesIncludedInFinancialInstrumentsSoldNotYetPurchased
1835889000 usd
CY2023Q2 jef Exchange Traded Derivative Liabilities
ExchangeTradedDerivativeLiabilities
27900000 usd
CY2023Q2 jef Cash Collateral Pledge
CashCollateralPledge
552000000 usd
CY2023Q2 jef Fair Value Of Over Counter Derivatives Assets Counterparty Credit Qualitya Or Higher
FairValueOfOverCounterDerivativesAssetsCounterpartyCreditQualityaOrHigher
604016000 usd
CY2023Q2 jef Fair Value Of Over Counter Derivatives Assets Counterparty Credit Quality Bbb To Bbb
FairValueOfOverCounterDerivativesAssetsCounterpartyCreditQualityBbbToBbb
68547000 usd
CY2023Q2 jef Fair Value Of Over Counter Derivatives Assets Counterparty Credit Quality Bb Or Lower
FairValueOfOverCounterDerivativesAssetsCounterpartyCreditQualityBbOrLower
136146000 usd
CY2023Q2 jef Fair Value Of Over Counter Derivatives Assets Counterparty Credit Quality Unrated
FairValueOfOverCounterDerivativesAssetsCounterpartyCreditQualityUnrated
102782000 usd
CY2023Q2 jef Otc Derivative Assets Included In Financial Instruments Owned
OtcDerivativeAssetsIncludedInFinancialInstrumentsOwned
911491000 usd
CY2023Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
117500000 usd
CY2022Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
226500000 usd
CY2023Q2 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
57700000 usd
CY2022Q4 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
168800000 usd
CY2023Q2 jef Collateral Received Aggregate Fair Value
CollateralReceivedAggregateFairValue
157000000.0 usd
CY2022Q4 jef Collateral Received Aggregate Fair Value
CollateralReceivedAggregateFairValue
177400000 usd
CY2023Q2 jef Additional Collateral Required In The Event Of Credit Rating Downgrade Aggregate Fair Value
AdditionalCollateralRequiredInTheEventOfCreditRatingDowngradeAggregateFairValue
216800000 usd
CY2022Q4 jef Additional Collateral Required In The Event Of Credit Rating Downgrade Aggregate Fair Value
AdditionalCollateralRequiredInTheEventOfCreditRatingDowngradeAggregateFairValue
235000000.0 usd
CY2023Q2 us-gaap Securities Loaned Including Not Subject To Master Netting Arrangement And Assets Other Than Securities Transferred
SecuritiesLoanedIncludingNotSubjectToMasterNettingArrangementAndAssetsOtherThanSecuritiesTransferred
1221523000 usd
CY2023Q2 us-gaap Financial Assets Sold Under Agreements To Repurchase Gross Including Not Subject To Master Netting Arrangement
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement
16881617000 usd
CY2023Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
9486000 usd
CY2023Q2 us-gaap Secured Borrowings Gross Including Not Subject To Master Netting Arrangement
SecuredBorrowingsGrossIncludingNotSubjectToMasterNettingArrangement
18112626000 usd
CY2022Q4 us-gaap Securities Loaned Including Not Subject To Master Netting Arrangement And Assets Other Than Securities Transferred
SecuritiesLoanedIncludingNotSubjectToMasterNettingArrangementAndAssetsOtherThanSecuritiesTransferred
1366025000 usd
CY2022Q4 us-gaap Financial Assets Sold Under Agreements To Repurchase Gross Including Not Subject To Master Netting Arrangement
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement
13603033000 usd
CY2022Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
100362000 usd
CY2022Q4 us-gaap Secured Borrowings Gross Including Not Subject To Master Netting Arrangement
SecuredBorrowingsGrossIncludingNotSubjectToMasterNettingArrangement
15069420000 usd
CY2023Q2 us-gaap Securities Loaned Including Not Subject To Master Netting Arrangement And Assets Other Than Securities Transferred
SecuritiesLoanedIncludingNotSubjectToMasterNettingArrangementAndAssetsOtherThanSecuritiesTransferred
1221523000 usd
CY2023Q2 us-gaap Financial Assets Sold Under Agreements To Repurchase Gross Including Not Subject To Master Netting Arrangement
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement
16881617000 usd
CY2023Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
9486000 usd
CY2023Q2 us-gaap Secured Borrowings Gross Including Not Subject To Master Netting Arrangement
SecuredBorrowingsGrossIncludingNotSubjectToMasterNettingArrangement
18112626000 usd
CY2022Q4 us-gaap Securities Loaned Including Not Subject To Master Netting Arrangement And Assets Other Than Securities Transferred
SecuritiesLoanedIncludingNotSubjectToMasterNettingArrangementAndAssetsOtherThanSecuritiesTransferred
1366025000 usd
CY2022Q4 us-gaap Financial Assets Sold Under Agreements To Repurchase Gross Including Not Subject To Master Netting Arrangement
FinancialAssetsSoldUnderAgreementsToRepurchaseGrossIncludingNotSubjectToMasterNettingArrangement
13603033000 usd
CY2022Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
100362000 usd
CY2022Q4 us-gaap Secured Borrowings Gross Including Not Subject To Master Netting Arrangement
SecuredBorrowingsGrossIncludingNotSubjectToMasterNettingArrangement
15069420000 usd
CY2023Q2 us-gaap Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged
31580000000 usd
CY2022Q4 us-gaap Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged
FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged
26820000000 usd
CY2023Q2 us-gaap Securities Borrowed Gross
SecuritiesBorrowedGross
7157146000 usd
CY2023Q2 us-gaap Securities Borrowed Liability
SecuritiesBorrowedLiability
0 usd
CY2023Q2 us-gaap Securities Borrowed
SecuritiesBorrowed
7157146000 usd
CY2023Q2 us-gaap Securities Borrowed Collateral Obligation To Return Cash
SecuritiesBorrowedCollateralObligationToReturnCash
251622000 usd
CY2023Q2 us-gaap Securities Borrowed Collateral Obligation To Return Securities
SecuritiesBorrowedCollateralObligationToReturnSecurities
1310861000 usd
CY2023Q2 us-gaap Securities Borrowed Amount Offset Against Collateral
SecuritiesBorrowedAmountOffsetAgainstCollateral
5594663000 usd
CY2023Q2 us-gaap Securities Purchased Under Agreements To Resell Gross
SecuritiesPurchasedUnderAgreementsToResellGross
12811024000 usd
CY2023Q2 us-gaap Securities Purchased Under Agreements To Resell Liability
SecuritiesPurchasedUnderAgreementsToResellLiability
7370112000 usd
CY2023Q2 us-gaap Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
5440912000 usd
CY2023Q2 us-gaap Securities Purchased Under Agreements To Resell Not Offset Policy Election Deduction
SecuritiesPurchasedUnderAgreementsToResellNotOffsetPolicyElectionDeduction
991898000 usd
CY2023Q2 us-gaap Securities Purchased Under Agreements To Resell Fair Value Of Collateral
SecuritiesPurchasedUnderAgreementsToResellFairValueOfCollateral
4395682000 usd
CY2023Q2 us-gaap Securities Purchased Under Agreements To Resell Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesPurchasedUnderAgreementsToResellOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
53332000 usd
CY2023Q2 us-gaap Securities Loaned Gross
SecuritiesLoanedGross
1221523000 usd
CY2023Q2 us-gaap Securities Loaned Asset
SecuritiesLoanedAsset
0 usd
CY2023Q2 us-gaap Securities Loaned
SecuritiesLoaned
1221523000 usd
CY2023Q2 us-gaap Securities Loaned Collateral Right To Reclaim Cash
SecuritiesLoanedCollateralRightToReclaimCash
251622000 usd
CY2023Q2 us-gaap Securities Loaned Collateral Right To Reclaim Securities
SecuritiesLoanedCollateralRightToReclaimSecurities
957913000 usd
CY2023Q2 us-gaap Securities Loaned Amount Offset Against Collateral
SecuritiesLoanedAmountOffsetAgainstCollateral
11988000 usd
CY2023Q2 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
16881617000 usd
CY2023Q2 us-gaap Securities Sold Under Agreements To Repurchase Asset
SecuritiesSoldUnderAgreementsToRepurchaseAsset
7370112000 usd
CY2023Q2 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
9511505000 usd
CY2023Q2 us-gaap Securities Sold Under Agreements To Resell Not Offset Policy Election Deduction
SecuritiesSoldUnderAgreementsToResellNotOffsetPolicyElectionDeduction
991898000 usd
CY2023Q2 us-gaap Securities Sold Under Agreements To Repurchase Fair Value Of Collateral
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CY2022Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
116500000 usd
CY2023Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
276300000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
276500000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
37900000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
49700000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
114000000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.298
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.204
CY2023Q2 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
11657200000 usd
CY2023Q2 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
385900000 usd
CY2023Q2 jef Contractual Obligation Duein Thirdand Fourth Year
ContractualObligationDueinThirdandFourthYear
660600000 usd
CY2023Q2 jef Contractual Obligation Dueinfifthand Sixth Year
ContractualObligationDueinfifthandSixthYear
10300000 usd
CY2023Q2 jef Contractual Obligation Due After Sixth Year
ContractualObligationDueAfterSixthYear
205100000 usd
CY2023Q2 us-gaap Contractual Obligation
ContractualObligation
12919100000 usd
CY2023Q2 jef Guarantee Obligations Maximum Exposure Fair Value
GuaranteeObligationsMaximumExposureFairValue
606700000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q2 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
1037600000 usd
CY2022Q2 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
1338100000 usd
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
2321100000 usd
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
3030900000 usd
CY2023Q2 jef Ninterest Expense Including Rounding Difference
NinterestExpenseIncludingRoundingDifference
1019700000 usd
CY2022Q2 jef Ninterest Expense Including Rounding Difference
NinterestExpenseIncludingRoundingDifference
1171500000 usd
jef Ninterest Expense Including Rounding Difference
NinterestExpenseIncludingRoundingDifference
2145200000 usd
jef Ninterest Expense Including Rounding Difference
NinterestExpenseIncludingRoundingDifference
2472000000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
17900000 usd
CY2022Q2 jef Income Loss From Continuing Operations Before Income Taxes Noncontrolling Interest Including Rounding Difference
IncomeLossFromContinuingOperationsBeforeIncomeTaxesNoncontrollingInterestIncludingRoundingDifference
166600000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
175900000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
558900000 usd
CY2023Q2 us-gaap Assets
Assets
53740000000 usd
CY2022Q4 us-gaap Assets
Assets
51057700000 usd
CY2023Q2 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
1037600000 usd
CY2022Q2 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
1338100000 usd
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
2321100000 usd
us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
3030900000 usd

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