Segment Information (Tables)

12 Months Ended

Nov. 30, 2020

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information, By Segment

	Twelve Months Ended November 30, 2020		Twelve Months Ended November 30, 2019		Eleven Months Ended November 30, 2018
			(In thousands)
Net revenues:
Reportable Segments:
Investment Banking and Capital Markets	$	4,989,138	$	3,035,988	$	3,184,426
Asset Management	235,255		84,894		(14,280)
Merchant Banking	764,460		735,213		577,278
Corporate	13,258		32,833		22,300
Total net revenues related to reportable segments	6,002,111		3,888,928		3,769,724
Consolidation adjustments	8,763		4,048		(5,690)
Total consolidated net revenues	$	6,010,874	$	3,892,976	$	3,764,034
Income (loss) from continuing operations before income taxes:
Reportable Segments:
Investment Banking and Capital Markets (1)	$	1,119,888	$	347,050	$	464,913
Asset Management	68,927		(41,126)		(133,729)
Merchant Banking (1)	(24,598)		289,492		88,971
Corporate	(55,619)		(68,467)		(66,140)
Income from continuing operations before income taxes related to reportable segments	1,108,598		526,949		354,015
Parent Company interest	(53,445)		(53,048)		(54,090)
Consolidation adjustments	11,930		4,707		(3,825)
Total consolidated income from continuing operations before income taxes	$	1,067,083	$	478,608	$	296,100
Depreciation and amortization expenses:
Reportable Segments:
Investment Banking and Capital Markets	$	82,334	$	77,549	$	67,467
Asset Management	5,247		2,042		1,324
Merchant Banking	67,362		69,805		48,357
Corporate	3,496		3,475		3,169
Total consolidated depreciation and amortization expenses	$	158,439	$	152,871	$	120,317
	November 30, 2020		November 30, 2019		November 30, 2018
Identifiable assets employed:
Reportable Segments:
Investment Banking and Capital Markets (2)	$	44,835,126	$	40,523,223	$	38,617,201
Asset Management	3,231,059		3,313,716		2,633,585
Merchant Banking	3,173,064		3,285,671		4,164,605
Corporate	2,178,699		2,432,119		1,838,037
Identifiable assets employed related to reportable segments	53,417,948		49,554,729		47,253,428
Consolidation adjustments	(299,596)		(94,495)		(122,333)
Total consolidated assets	$	53,118,352	$	49,460,234	$	47,131,095

(1)Amounts related to Berkadia are included in Merchant Banking prior to their transfer to the Investment Banking and Capital Markets segment in the fourth quarter of 2018. Income from continuing operations before income taxes related to the net assets transferred were $78.7 million for the eleven months ended November 30, 2018.

(2)Includes $235.7 million, $197.7 million and $243.2 million at November 30, 2020, 2019 and 2018, respectively, of the deferred tax asset, net.

Schedule Of Net Revenues By Geographic Region

Net revenues by geographic region were as follows (in thousands):

	Twelve Months Ended November 30, 2020		Twelve Months Ended November 30, 2019		Eleven Months Ended November 30, 2018
Americas (1)	$	4,871,313	$	3,188,353	$	3,231,522
Europe (2)	853,674		592,087		436,861
Asia Pacific	285,887		112,536		95,651
	$	6,010,874	$	3,892,976	$	3,764,034

(1)Substantially all relates to U.S. results.

(2)Substantially all relates to United Kingdom results.