Segment Information (Tables)

6 Months Ended

May 31, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Certain information concerning our segments is presented in the following tables (in thousands):

	For the Three Months Ended May 31,				For the Six Months Ended May 31,
	2022		2021		2022		2021
Net revenues:
Reportable Segments:
Investment Banking and Capital Markets	$	1,098,378	$	1,598,862	$	2,580,196	$	3,586,358
Asset Management	31,147		50,675		91,103		279,877
Merchant Banking	238,255		296,815		427,790		563,819
Corporate	1,818		724		2,564		1,314
Total net revenues related to reportable segments	1,369,598		1,947,076		3,101,653		4,431,368
Reconciling items - Consolidation adjustments	(516)		3,431		(656)		6,081
Total consolidated revenues	$	1,369,082	$	1,950,507	$	3,100,997	$	4,437,449
Income (loss) before income taxes:
Reportable Segments:
Investment Banking and Capital Markets	$	188,063	$	435,015	$	608,948	$	991,246
Asset Management	973		7,148		16,982		191,080
Merchant Banking	(3,628)		54,448		(28,035)		146,650
Corporate	(10,126)		(12,099)		(21,890)		(32,576)
Income before income taxes related to reportable segments	175,282		484,512		576,005		1,296,400
Reconciling items - Parent Company interest	(8,385)		(13,829)		(16,776)		(27,731)
Reconciling items - Consolidation adjustments	(356)		3,456		(356)		6,255
Total consolidated income before income taxes	$	166,541	$	474,139	$	558,873	$	1,274,924
Depreciation and amortization expenses:
Reportable Segments:
Investment Banking and Capital Markets	$	22,766	$	20,805	$	46,321	$	41,515
Asset Management	467		489		829		968
Merchant Banking	16,655		17,268		38,251		33,982
Corporate	419		878		843		1,742
Total consolidated depreciation and amortization expenses	$	40,307	$	39,440	$	86,244	$	78,207

	May 31, 2022		November 30, 2021
Identifiable Assets Employed:
Reportable Segments:
Investment Banking and Capital Markets	$	49,754,402	$	52,903,374
Asset Management	3,461,539		3,205,799
Merchant Banking	2,323,547		2,263,050
Corporate	1,902,875		2,432,927
Identifiable assets related to reportable segments	57,442,363		60,805,150
Reconciling items - Consolidation adjustments	(228,553)		(401,040)
Total consolidated assets	$	57,213,810	$	60,404,110