Revenues from Contracts with Customers (Tables)

6 Months Ended

May 31, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table presents our total revenues separated for our revenues from contracts with customers and our other sources of revenues (in thousands):

	For the Three Months Ended				For the Six Months Ended
	May 31, 2019		June 30, 2018		May 31, 2019		June 30, 2018
Revenues from contracts with customers:
Commissions and other fees	$	159,685	$	157,704	$	306,819	$	305,606
Investment banking	430,087		500,297		715,683		940,288
Manufacturing revenues	90,237		114,735		165,662		213,100
Other	70,197		61,817		132,029		103,975
Total revenue from contracts with customers	750,206		834,553		1,320,193		1,562,969
Other sources of revenue:
Principal transactions	240,189		53,755		486,371		199,418
Interest income	445,967		327,314		832,811		602,536
Other	74,009		28,204		66,008		40,014
Total revenue from other sources	760,165		409,273		1,385,190		841,968
Total revenues	$	1,510,371	$	1,243,826	$	2,705,383	$	2,404,937

The following presents our revenues from contracts with customers disaggregated by major business activity and primary geographic regions (in thousands):

	Reportable Segments
Major Business Activity:	Jefferies Group		Merchant Banking		Corporate		Consolidation Adjustments			Total
Three months ended May 31, 2019
Jefferies Group:
Equities (1)	$	164,361	$	—	$	—	$	(88	)	$	164,273
Fixed Income (1)	3,529		—		—		—			3,529
Investment Banking - Capital markets	251,533		—		—		—			251,533
Investment Banking - Advisory	178,554		—		—		—			178,554
Asset Management	4,550		—		—		—			4,550
Manufacturing revenues	—		90,237		—		—			90,237
Oil and gas revenues	—		47,652		—		—			47,652
Other revenues	—		9,878		—		—			9,878
Total revenues from contracts with customers	$	602,527	$	147,767	$	—	$	(88	)	$	750,206
Primary Geographic Region:
Americas	$	491,366	$	147,505	$	—	$	(88	)	$	638,783
Europe, Middle East and Africa	92,560		223		—		—			92,783
Asia	18,601		39		—		—			18,640
Total revenues from contracts with customers	$	602,527	$	147,767	$	—	$	(88	)	$	750,206
Three months ended June 30, 2018
Jefferies Group:
Equities (1)	$	160,360	$	—	$	—	$	(400	)	$	159,960
Fixed Income (1)	4,546		—		—		—			4,546
Investment Banking - Capital markets	283,315		—		—		—			283,315
Investment Banking - Advisory	216,982		—		—		—			216,982
Asset Management	6,016		—		—		—			6,016
Manufacturing revenues	—		114,735		—		—			114,735
Oil and gas revenues	—		39,905		—		—			39,905
Other revenues	—		9,094		—		—			9,094
Total revenues from contracts with customers	$	671,219	$	163,734	$	—	$	(400	)	$	834,553
Primary Geographic Region:
Americas	$	572,376	$	163,454	$	—	$	(400	)	$	735,430
Europe, Middle East and Africa	78,861		207		—		—			79,068
Asia	19,982		73		—		—			20,055
Total revenues from contracts with customers	$	671,219	$	163,734	$	—	$	(400	)	$	834,553

(1) Revenues from contracts with customers associated with the equities and fixed income businesses primarily represent commissions and other fee revenue.

	Reportable Segments
Major Business Activity:	Jefferies Group		Merchant Banking		Corporate		Consolidation Adjustments			Total
Six months ended May 31, 2019
Jefferies Group:
Equities (1)	$	316,422	$	—	$	—	$	(280	)	$	316,142
Fixed Income (1)	6,597		—		—		—			6,597
Investment Banking - Capital markets	356,647		—		—		—			356,647
Investment Banking - Advisory	359,036		—		—		—			359,036
Asset Management	11,219		—		—		—			11,219
Manufacturing revenues	—		165,662		—		—			165,662
Oil and gas revenues	—		84,017		—		—			84,017
Other revenues	—		20,873		—		—			20,873
Total revenues from contracts with customers	$	1,049,921	$	270,552	$	—	$	(280	)	$	1,320,193
Primary Geographic Region:
Americas	$	818,123	$	270,032	$	—	$	(280	)	$	1,087,875
Europe, Middle East and Africa	196,053		457		—		—			196,510
Asia	35,745		63		—		—			35,808
Total revenues from contracts with customers	$	1,049,921	$	270,552	$	—	$	(280	)	$	1,320,193
Six months ended June 30, 2018
Jefferies Group:
Equities (1)	$	311,990	$	—	$	—	$	(400	)	$	311,590
Fixed Income (1)	7,504		—		—		—			7,504
Investment Banking - Capital markets	532,149		—		—		—			532,149
Investment Banking - Advisory	408,139		—		—		—			408,139
Asset Management	10,946		—		—		—			10,946
Manufacturing revenues	—		213,100		—		—			213,100
Oil and gas revenues	—		60,235		—		—			60,235
Other revenues	—		19,306		—		—			19,306
Total revenues from contracts with customers	$	1,270,728	$	292,641	$	—	$	(400	)	$	1,562,969
Primary Geographic Region:
Americas	$	1,093,230	$	292,031	$	—	$	(400	)	$	1,384,861
Europe, Middle East and Africa	140,189		462		—		—			140,651
Asia	37,309		148		—		—			37,457
Total revenues from contracts with customers	$	1,270,728	$	292,641	$	—	$	(400	)	$	1,562,969

(1)

Revenues from contracts with customers associated with the equities and fixed income businesses primarily represent commissions and other fee revenue.