Revenues from Contracts with Customers (Tables)

3 Months Ended

Feb. 28, 2022

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,
	2022		2021
Revenues from contracts with customers:
Commissions and other fees	$	229,316	$	236,769
Investment banking	945,048		1,003,612
Other	232,678		192,262
Total revenues from contracts with customers	1,407,042		1,432,643
Other sources of revenue:
Principal transactions	249,155		919,901
Interest income	213,981		240,497
Other	72,622		110,547
Total revenues from other sources	535,758		1,270,945
Total revenues	$	1,942,800	$	2,703,588

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

	Reportable Segments (1)
	Investment Banking and Capital Markets		Asset Management		Merchant Banking		Corporate		Reconciling Items -Consolidation Adjustments		Total
Three months ended February 28, 2022
Major Business Activity:
Investment Banking - Advisory	$	543,769	$	—	$	—	$	—	$	—	$	543,769
Investment Banking - Underwriting	401,279		—		—		—		—		401,279
Equities (2)	226,068		—		—		—		(137)		225,931
Fixed Income (2)	3,385		—		—		—		—		3,385
Asset Management	—		12,569		—		—		—		12,569
Manufacturing revenues	—		—		141,108		—		—		141,108
Oil and gas revenues	—		—		57,919		—		—		57,919
Other revenues	—		—		21,082		—		—		21,082
Total revenues from contracts with customers	$	1,174,501	$	12,569	$	220,109	$	—	$	(137)	$	1,407,042
Primary Geographic Region:
Americas	$	937,070	$	12,569	$	219,229	$	—	$	(137)	$	1,168,731
Europe	166,172		—		558		—		—		166,730
Asia Pacific	71,259		—		322		—		—		71,581
Total revenues from contracts with customers	$	1,174,501	$	12,569	$	220,109	$	—	$	(137)	$	1,407,042
Three months ended February 28, 2021
Major Business Activity:
Investment Banking - Advisory	$	311,439	$	—	$	—	$	—	$	—	$	311,439
Investment Banking - Underwriting	692,173		—		—		—		—		692,173
Equities (2)	233,539		—		—		—		(169)		233,370
Fixed Income (2)	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	$	1,240,550	$	7,426	$	184,836	$	—	$	(169)	$	1,432,643
Primary Geographic Region:
Americas	$	1,026,866	$	7,097	$	184,338	$	—	$	(169)	$	1,218,132
Europe	163,737		329		369		—		—		164,435
Asia Pacific	49,947		—		129		—		—		50,076
Total revenues from contracts with customers	$	1,240,550	$	7,426	$	184,836	$	—	$	(169)	$	1,432,643

(1)    In the first quarter of 2022, we transferred certain Merchant Banking net assets to our Investment Banking and Capital Markets and Asset Management segments. Prior year amounts have been reclassified to conform to current segment reporting.

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