Revenues from Contracts with Customers (Tables)

3 Months Ended

Feb. 28, 2021

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
	February 28, 2021		February 29, 2020
Revenues from contracts with customers:
Commissions and other fees	$	236,769	$	179,430
Investment banking	1,003,612		592,002
Manufacturing revenues	137,847		77,607
Other	54,415		63,777
Total revenues from contracts with customers	1,432,643		912,816
Other sources of revenue:
Principal transactions	919,901		404,864
Interest income	240,497		326,366
Other	110,547		48,218
Total revenues from other sources	1,270,945		779,448
Total revenues	$	2,703,588	$	1,692,264

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

	Reportable Segments
	Investment Banking and Capital Markets		Asset Management		Merchant Banking		Corporate		Consolidation Adjustments		Total
Three months ended February 28, 2021
Major Business Activity:
Investment Banking - Advisory	$	311,439	$	—	$	—	$	—	$	—	$	311,439
Investment Banking - Underwriting	692,223		—		—		—		(50)		692,173
Equities (1)	233,539		—		—		—		(169)		233,370
Fixed Income (1)	3,399		—		—		—		—		3,399
Asset Management	—		7,426		—		—		—		7,426
Manufacturing revenues	—		—		137,847		—		—		137,847
Oil and gas revenues	—		—		32,009		—		—		32,009
Other revenues	—		—		14,980		—		—		14,980
Total revenues from contracts with customers	$	1,240,600	$	7,426	$	184,836	$	—	$	(219)	$	1,432,643
Primary Geographic Region:
Americas	$	1,026,916	$	7,097	$	184,338	$	—	$	(219)	$	1,218,132
Europe	163,737		329		369		—		—		164,435
Asia Pacific	49,947		—		129		—		—		50,076
Total revenues from contracts with customers	$	1,240,600	$	7,426	$	184,836	$	—	$	(219)	$	1,432,643
Three months ended February 29, 2020
Major Business Activity:
Investment Banking - Advisory	$	343,158	$	—	$	—	$	—	$	—	$	343,158
Investment Banking - Underwriting	248,844		—		—		—		—		248,844
Equities (1)	176,249		—		—		—		(105)		176,144
Fixed Income (1)	3,286		—		—		—		—		3,286
Asset Management	—		6,091		—		—		—		6,091
Manufacturing revenues	—		—		77,607		—		—		77,607
Oil and gas revenues	—		—		42,214		—		—		42,214
Other revenues	—		—		15,472		—		—		15,472
Total revenues from contracts with customers	$	771,537	$	6,091	$	135,293	$	—	$	(105)	$	912,816
Primary Geographic Region:
Americas	$	649,069	$	2,568	$	134,779	$	—	$	(105)	$	786,311
Europe	79,438		3,523		360		—		—		83,321
Asia Pacific	43,030		—		154		—		—		43,184
Total revenues from contracts with customers	$	771,537	$	6,091	$	135,293	$	—	$	(105)	$	912,816

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