Revenues from Contracts with Customers (Tables)

6 Months Ended

May 31, 2019

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):

	Three Months Ended   May 31,				Six Months Ended   May 31,
	2019		2018		2019		2018
Revenues from contracts with customers:
Commissions and other fees	$	159,773	$	158,104	$	307,099	$	306,006
Investment banking	430,087		500,297		715,683		940,288
Asset management fees	4,550		6,016		11,219		10,946
Other	8,117		6,802		15,920		13,488
Total revenue from contracts with customers	602,527		671,219		1,049,921		1,270,728
Other sources of revenue:
Principal transactions	248,831		137,802		483,129		355,275
Interest	418,451		307,327		779,426		565,143
Other	44,684		40,461		56,889		52,258
Total revenues	$	1,314,493	$	1,156,809	$	2,369,365	$	2,243,404

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

	Three Months Ended May 31,												Six Months Ended May 31,
	2019						2018						2019						2018
	Reportable Segment						Reportable Segment						Reportable Segment						Reportable Segment
	Capital Markets		Asset Management		Total		Capital Markets		Asset Management		Total		Capital Markets		Asset Management		Total		Capital Markets		Asset Management		Total
Major business activity:
Equities (1)	$	164,361	$	—	$	164,361	$	160,360	$	—	$	160,360	$	316,422	$	—	$	316,422	$	311,990	$	—	$	311,990
Fixed income (1)	3,529		—		3,529		4,546		—		4,546		6,597		—		6,597		7,504		—		7,504
Investment banking - Capital markets	251,533		—		251,533		283,315		—		283,315		356,647		—		356,647		532,149		—		532,149
Investment banking - Advisory	178,554		—		178,554		216,982		—		216,982		359,036		—		359,036		408,139		—		408,139
Asset management	—		4,550		4,550		—		6,016		6,016		—		11,219		11,219		—		10,946		10,946
Total	$	597,977	$	4,550	$	602,527	$	665,203	$	6,016	$	671,219	$	1,038,702	$	11,219	$	1,049,921	$	1,259,782	$	10,946	$	1,270,728
Primary geographic region:
Americas	$	487,866	$	3,500	$	491,366	$	566,360	$	6,016	$	572,376	$	811,242	$	6,881	$	818,123	$	1,082,284	$	10,946	$	1,093,230
Europe	91,510		1,050		92,560		78,861		—		$	78,861	191,715		4,338		196,053		140,189		—		140,189
Asia	18,601		—		18,601		19,982		—		$	19,982	35,745		—		35,745		37,309		—		37,309
Total	$	597,977	$	4,550	$	602,527	$	665,203	$	6,016	$	671,219	$	1,038,702	$	11,219	$	1,049,921	$	1,259,782	$	10,946	$	1,270,728

(1)

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