Jefferies Financial Group Investor Day Presentation Deck
Reconciliation of Tangible Book Value (a Non-GAAP Measure)
($ Millions)
Book value (GAAP)
Intangible assets, net and goodwill
Tangible book value (non-GAAP)
As Of
12/31/2016
$10,128
($2,514)
$7,614
Note: The above tables reconcile certain Jefferies Financial Group non-GAAP financial information to their respective U.S. GAAP measures. Jefferies Financial Group believes that the disclosed non-GAAP measures and any adjustments thereto, when presented in conjunction with
comparable U.S. GAAP measures are useful to investors as they enable investors to evaluate Jefferies Financial Group results through the eyes of management. These measures should not be considered a substitute for, or superior to, measures of financial performance prepared in
accordance with U.S. GAAP.
71
JefferiesView entire presentation