| PROSPECTUS SUPPLEMENT | Filed pursuant to Rule 424(b)(3) | |
| (to Prospectus dated February 4, 2016) | Registration Statement No. 333-209385 |
Jefferies Group LLC
We made immaterial correcting adjustments to our historical Consolidated Statements of Cash Flows for the three months ended February 29, 2016, the year ended November 30, 2015, the nine months ended August 31, 2015, the three months ended February 28, 2015, the year ended November 30, 2014, the nine months ended November 30, 2013 and the three months ended February 28, 2013. The adjustments below relate to a classification error in the reporting of net change in bank overdrafts within our Consolidated Statements of Cash Flows. The adjustments have no effect on our Consolidated Statements of Financial Condition, the Consolidated Statements of Earnings, the Consolidated Statements of Changes in Equity or the Consolidated Statements of Comprehensive Income for these periods and are not material to our financial statements for any reported period.
The following equal and offsetting correcting adjustments were made to the net change in Accrued expenses and other liabilities and the net change in bank overdrafts for the three months ended February 29, 2016, the year ended November 30, 2015, the nine months ended August 31, 2015, the three months ended February 28, 2015, the year ended November 30, 2014, the nine months ended November 30, 2013 and the three months ended February 28, 2013.
| Successor | Predecessor | |||||||||||||||
| (in thousands) | Year Ended November 30, 2015 |
Year Ended November 30, 2014 |
Nine Months Ended November 30, 2013 |
Three Months Ended February 28, 2013 |
||||||||||||
| Increase (decrease) |
||||||||||||||||
| Net change in accrued expenses and other liabilities |
$ | (29,295 | ) | $ | (20,974 | ) | $ | 2,025 | $ | 802 | ||||||
| Net change in bank overdrafts |
29,295 | 20,974 | (2,025 | ) | (802 | ) | ||||||||||
| (in thousands) | Three Months Ended February 29, 2016 |
Three Months Ended February 28, 2015 |
Nine Months Ended August 31, 2015 |
|||||||||||||
| Increase (decrease) |
||||||||||||||||
| Net change in accrued expenses and other liabilities |
$ | 41,978 | $ | 9,467 | $ | (24,466 | ) | |||||||||
| Net change in bank overdrafts |
(41,978 | ) | (9,467 | ) | 24,466 | |||||||||||
These adjustments had similar impacts on the Net change in cash (used in) provided by operating activities and the Net change in cash (used in) provided by financing activities contained within the Consolidated Statements of Cash Flows.
The following tables set forth the adjustments and revisions to our Consolidated Statements of Cash Flows for the periods presented:
| Successor | Predecessor | |||||||||||||||||||||||||||||||
| Year Ended November 30, 2015 |
Year Ended November 30, 2014 |
Nine Months Ended November 30, 2013 |
Three Months Ended February 28, 2013 |
|||||||||||||||||||||||||||||
| As Originally Reported |
As Revised | As Originally Reported |
As Revised | As Originally Reported |
As Revised | As Originally Reported |
As Revised | |||||||||||||||||||||||||
| (in thousands) | ||||||||||||||||||||||||||||||||
| Operating activities |
||||||||||||||||||||||||||||||||
| Increase (decrease) in accrued expenses and other liabilities |
$ | (230,370 | ) | $ | (259,665 | ) | $ | 69,459 | $ | 48,485 | $ | 414,515 | $ | 416,540 | $ | (267,336 | ) | $ | (266,534 | ) | ||||||||||||
| Net cash provided by (used in) operating activities |
(210,092 | ) | (239,387 | ) | (6,939 | ) | (27,913 | ) | 745,210 | 747,235 | (394,170 | ) | (393,368 | ) | ||||||||||||||||||
| Financing activities |
||||||||||||||||||||||||||||||||
| Net change in bank overdrafts |
$ | — | $ | 29,295 | $ | — | $ | 20,974 | $ | — | $ | (2,025 | ) | $ | — | $ | (802 | ) | ||||||||||||||
| Net cash provided by (used in) financing activities |
(218,489 | ) | (189,194 | ) | 813,331 | 834,305 | (277,743 | ) | (279,768 | ) | 733,538 | 732,736 | ||||||||||||||||||||
| Three Months Ended February 29, 2016 |
Three Months Ended February 28, 2015 |
Nine Months Ended August 31, 2015 |
||||||||||||||||||||||||||||||
| As Originally Reported |
As Revised | As Originally Reported |
As Revised | As Originally Reported |
As Revised | |||||||||||||||||||||||||||
| (in thousands) | ||||||||||||||||||||||||||||||||
| Operating activities |
||||||||||||||||||||||||||||||||
| Increase (decrease) in accrued expenses and other liabilities |
$ | (247,374 | ) | $ | (205,396 | ) | $ | (494,018 | ) | $ | (484,551 | ) | $ | (204,520 | ) | $ | (228,986 | ) | ||||||||||||||
| Net cash provided by (used in) operating activities |
(1,099,977 | ) | (1,057,999 | ) | (1,369,533 | ) | (1,360,066 | ) | (608,688 | ) | (633,154 | ) | ||||||||||||||||||||
|
Financing activities |
||||||||||||||||||||||||||||||||
| Net change in bank overdrafts |
$ | — | $ | (41,978 | ) | $ | — | $ | (9,467 | ) | $ | — | $ | 24,466 | ||||||||||||||||||
| Net cash provided by (used in) financing activities |
201,557 | 159,579 | 690,021 | 680,554 | 31,233 | 55,699 | ||||||||||||||||||||||||||
This prospectus supplement is dated August 5, 2016