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Consolidated Statements of Financial Condition (Unaudited) (USD $)
In Thousands
Aug. 31, 2011
Nov. 30, 2010
ASSETS    
Cash and cash equivalents (including $283,968 in 2011 and $202,565 in 2010, from VIEs) $ 2,014,950 $ 2,188,998
Cash and securities segregated and on deposit for regulatory purposes or deposited with clearing and depository organizations 5,321,012 1,636,755
Financial instruments owned, at fair value, including securities pledged of $14,035,813 and $12,338,728 in 2011 and 2010, respectively:    
Corporate equity securities (including $79,927 in 2011 and $120,606 in 2010 from VIEs) 1,676,598 1,565,793
Corporate debt securities (including $300,652 in 2011 and $462,462 in 2010 from VIEs) 4,213,249 3,630,616
Government, federal agency and other sovereign obligations 5,531,554 5,191,973
Mortgage- and asset-backed securities (including $38,629 in 2011 and $43,355 in 2010 from VIEs) 4,787,608 4,921,565
Loans and other receivables (including $372,105 in 2011 and $362,465 in 2010 from VIEs) 528,681 434,573
Derivatives (including $5,147 in 2011 and $7,579 in 2010 from VIEs) 916,142 119,268
Investments, at fair value (including $1,621 in 2011 and $15,612 in 2010 from VIEs) 116,833 77,784
Physical commodities 369,281 0
Total financial instruments owned, at fair value (including $798,081 in 2011 and $1,012,079 in 2010 from VIEs) 18,139,946 15,941,572
Investments in managed funds 73,900 131,585
Other investments 572,764 220,323
Securities borrowed 7,815,663 8,152,678
Securities purchased under agreements to resell 4,505,358 3,252,322
Securities received as collateral 40,401 48,616
Receivables:    
Brokers, dealers and clearing organizations (including $177,793 in 2011 and $195,485 in 2010 from VIEs) 3,743,143 2,550,234
Customers 1,319,664 1,328,365
Fees, interest and other (including $6,763 in 2011 and $127 in 2010 from VIEs) 224,545 165,603
Premises and equipment 170,501 142,729
Goodwill 366,823 364,964
Other assets (including $446 in 2011 and $370 in 2010 from VIEs) 816,573 601,799
Total assets (including $1,267,051 in 2011 and $1,410,626 in 2010 from VIEs) 45,125,243 36,726,543
LIABILITIES AND STOCKHOLDERS' EQUITY    
Short-term borrowing 353,000 0
Financial instruments sold, not yet purchased, at fair value:    
Corporate equity securities (including $19,341 in 2011 and $2,708 in 2010 from VIEs) 1,736,221 1,638,372
Corporate debt securities (including $202,037 in 2011 and $443,100 in 2010 from VIEs) 2,472,045 2,375,925
Government, federal agency and other sovereign obligations (including $15,605 in 2011 and $0 in 2010 from VIEs) 5,278,235 4,735,288
Mortgage- and asset-backed securities 82,072 129,384
Loans (including $142,645 in 2011 and $150,100 in 2010 from VIEs) 155,646 171,278
Derivatives (including $1,241 in 2011 and $136 in 2010 from VIEs) 595,942 59,552
Total financial instruments sold, not yet purchased, at fair value (including $380,869 in 2011 and $596,044 in 2010 from VIEs) 10,320,161 9,109,799
Securities loaned 3,338,391 3,108,977
Securities sold under agreements to repurchase 10,935,811 10,684,056
Obligation to return securities received as collateral 40,401 48,616
Payables:    
Brokers, dealers and clearing organizations (including $134,477 in 2011 and $157,134 in 2010 from VIEs) 2,754,164 1,885,357
Customers 7,708,390 3,716,357
Accrued expenses and other liabilities (including $7,411 in 2011 and $94,402 in 2010 from VIEs) 1,164,164 1,142,850
Long-term debt 4,580,978 3,778,681
Mandatorily redeemable convertible preferred stock 125,000 125,000
Mandatorily redeemable preferred interest of consolidated subsidiaries (including $313,095 in 2011 and $315,885 in 2010 from VIEs) 313,095 315,885
Total liabilities (including $835,852 in 2011 and $1,163,465 in 2010 from VIEs) 41,633,555 33,915,578
STOCKHOLDERS' EQUITY    
Common stock, $.0001 par value. Authorized 500,000,000 shares; issued 203,525,528 shares in 2011 and 200,301,656 shares in 2010 20 20
Additional paid-in capital 2,227,985 2,218,123
Retained earnings 1,036,879 850,654
Treasury stock, at cost, 3,211,223 shares in 2011 and 28,607,510 shares in 2010 (56,102) (539,530)
Accumulated other comprehensive loss:    
Currency translation adjustments (25,628) (42,859)
Additional minimum pension liability (8,419) (8,419)
Total accumulated other comprehensive loss (34,047) (51,278)
Total common stockholders' equity 3,174,735 2,477,989
Noncontrolling interests 316,953 332,976
Total stockholders' equity 3,491,688 2,810,965
Total liabilities and stockholders' equity $ 45,125,243 $ 36,726,543