Revenues from Contracts with Customers (Tables)

12 Months Ended

Nov. 30, 2022

Revenue from Contract with Customer [Abstract]

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


	Year Ended November 30,
	2022		2021		2020
Revenues from contracts with customers:
Investment banking	$	2,807,822	$	4,365,699	$	2,501,494
Commissions and other fees	925,494		896,015		822,248
Asset management fees	23,525		14,836		14,702
Manufacturing revenues	412,605		538,628		421,434
Oil and gas revenues	302,135		182,973		102,210
Real estate revenues	223,323		102,297		26,671
Other contracts with customers	47,954		41,353		34,468
Total revenue from contracts with customers	4,742,858		6,141,801		3,923,227
Other sources of revenue:
Principal transactions	833,757		1,617,336		1,928,143
Revenues from strategic affiliates	56,739		57,248		19,507
Interest	1,183,638		956,318		1,009,548
Other	332,271		172,761		22
Total revenues	$	7,149,263	$	8,945,464	$	6,880,447

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


	Year Ended November 30,
	2022						2021						2020
	Reportable Segment						Reportable Segment						Reportable Segment
	Investment Banking and Capital Markets		Asset Management		Total		Investment Banking and Capital Markets		Asset Management		Total		Investment Banking and Capital Markets		Asset Management		Total
Major business activity:
Investment banking - Advisory	$	1,778,003	$	—	$	1,778,003	$	1,873,560	$	—	$	1,873,560	$	1,053,500	$	—	$	1,053,500
Investment banking - Underwriting	1,029,819		—		1,029,819		2,492,139		—		2,492,139		1,447,994		—		1,447,994
Equities (1)	910,254		—		910,254		881,660		—		881,660		806,340		—		806,340
Fixed income (1)	15,240		—		15,240		14,355		—		14,355		15,908		—		15,908
Asset management	—		23,525		23,525		—		14,836		14,836		—		14,702		14,702
Merchant banking	—		986,017		986,017		—		865,251		865,251		—		584,783		584,783
Total	$	3,733,316	$	1,009,542	$	4,742,858	$	5,261,714	$	880,087	$	6,141,801	$	3,323,742	$	599,485	$	3,923,227
Primary geographic region:
Americas	$	2,910,318	$	1,005,200	$	3,915,518	$	4,249,641	$	876,242	$	5,125,883	$	2,741,288	$	592,474	$	3,333,762
Europe and the Middle East	575,012		2,595		577,607		766,746		2,816		769,562		401,853		6,645		408,498
Asia	247,986		1,747		249,733		245,327		1,029		246,356		180,601		366		180,967
Total	$	3,733,316	$	1,009,542	$	4,742,858	$	5,261,714	$	880,087	$	6,141,801	$	3,323,742	$	599,485	$	3,923,227

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