For the quarter ending 2026-02-28, JEF had -$1,239,606K decrease in cash & cash equivalents over the period. -$1,802,152K in free cash flow.
| Cash Flow | 2026-02-28 | 2025-11-30 | 2025-08-31 |
|---|---|---|---|
| Net earnings | 159,346 | 211,297 | 470,748 |
| Depreciation and amortization | 41,335 | 57,472 | 144,434 |
| Deferred income taxes | - | 109,937 | - |
| Impairment of assets | 65,413 | - | - |
| Share-based compensation | 50,672 | 20,417 | 67,810 |
| Net bad debt expense | 14,427 | 7,495 | 16,931 |
| (income) losses on investments in and loans to related parties | - | 41,005 | 54,270 |
| Income on investments in and loans to related parties | 24,474 | - | - |
| Distributions received on investments in related parties | 21,173 | 33,248 | 71,368 |
| Gain on sale of subsidiaries and investments in related parties | - | 0 | 0 |
| Loss on assets held for sale | - | 0 | -12,566 |
| Other adjustments | -118,761 | -58,371 | -434,110 |
| Securities deposited with clearing and depository organizations | - | 0 | - |
| Brokerage Receivables | -547,515 | 1,447,800 | 193,514 |
| Customers Receivable | 544,527 | 411,470 | 533,734 |
| Fees, interest and other | -7,851 | 91,466 | 60,040 |
| Securities borrowed | -619,155 | 134,217 | 945,232 |
| Financial instruments owned | 357,809 | 1,734,898 | 1,712,385 |
| Securities purchased under agreements to resell | -664,567 | 596,887 | 1,664,568 |
| Other assets | 305,830 | 92,767 | 266,563 |
| Payables To Broker Dealers | -1,308,863 | 3,292,523 | -26,372 |
| Payables To Customers | 134,119 | 768,221 | 374,518 |
| Securities loaned | 149,785 | 60,515 | -62,979 |
| Financial instruments sold, not yet purchased | 1,139,710 | 1,041,272 | 1,260,915 |
| Securities sold under agreements to repurchase | -1,776,125 | 123,506 | -312,049 |
| Lease liabilities | -17,783 | -17,511 | -48,280 |
| Accrued expenses and other liabilities | -1,135,709 | 747,913 | -432,723 |
| Net cash used in operating activities from continuing operations | - | 1,964,166 | -3,459,309 |
| Net cash (used in) provided by operating activities from discontinued operations | - | -4,374 | 0 |
| Net cash used in operating activities | -1,737,291 | - | - |
| Contributions to investments in and loans to related parties | 64,830 | 486,686 | 466,338 |
| Capital distributions from investments and repayments of loans from related parties | 426 | 455,649 | 379,193 |
| Originations and purchases of automobile loans, notes and other receivables | - | 0 | 0 |
| Principal collections of automobile loans, notes and other receivables | - | 0 | 0 |
| Net payments on premises and equipment | 64,861 | 56,042 | 151,425 |
| Proceeds from assets held for sale | - | 0 | 26,843 |
| Net cash acquired in business acquisitions | - | 0 | - |
| Proceeds from sales of subsidiary and investment in related parties, net of cash of operations sold | - | 0 | 0 |
| Net cash used in investing activities | -129,265 | -87,079 | -211,727 |
| Proceeds from short-term borrowings | 2,081,271 | 3,189,692 | 7,170,583 |
| Payments on short-term borrowings | 1,916,779 | 2,673,726 | 6,363,688 |
| Proceeds from issuance of long-term debt, net of issuance costs | 2,570,746 | 2,190,304 | 3,852,721 |
| Repayment of long-term debt | 1,239,142 | 2,301,016 | 1,758,422 |
| Proceeds from conversion of common to preferred shares | - | 0 | 0 |
| Purchase of common shares for treasury | 174,303 | 29 | 58,486 |
| Dividends paid to common and preferred shareholders | 92,791 | 93,541 | 280,589 |
| Net proceeds from (payments on) other secured financings | -600,057 | 205,191 | 497,768 |
| Net change in bank overdrafts | -8,400 | 19,866 | -22,050 |
| Proceeds from contributions of noncontrolling interests | 119 | -700 | 18,909 |
| Payments on distributions to noncontrolling interests | 1,518 | 5,950 | 8,084 |
| Other | 7,956 | 3,597 | 9,573 |
| Net cash provided by financing activities from continuing operations | - | 533,688 | 3,058,235 |
| Net cash used in financing activities from discontinued operations | - | 0 | 0 |
| Net cash provided by (used in) financing activities from continuing operations | 627,102 | - | - |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | -152 | -14,909 | 17,281 |
| Net decrease in cash, cash equivalents, and restricted cash | -1,239,606 | 2,391,494 | -595,520 |
| Cash, cash equivalents, and restricted cash at beginning of period | 14,961,586 | 12,570,092 | 13,165,612 |
| Cash, cash equivalents, and restricted cash at end of period | 13,715,714 | 14,961,586 | 12,570,092 |
Jefferies Financial Group Inc. (JEF)
Jefferies Financial Group Inc. (JEF)