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Revenue from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table presents Federated's revenue disaggregated by asset class:

		Three Months Ended
		March 31,
(in thousands)		2019				2018
Equity		$	123,634			$	103,609
Money Market		117,307				104,483
Fixed-Income		43,677				45,048
Other1		22,432				10,712
Total Revenue		$	307,050			$	263,852

1 Includes Alternative / Private Markets (including but not limited to private equity, real estate and infrastructure), Multi-Asset and, beginning in the third quarter of 2018, stewardship services revenue.

The following table presents Federated's revenue disaggregated by performance obligation:

		Three Months Ended
		March 31,
(in thousands)		2019				2018
Asset Management1		$	211,199			$	174,266
Administrative Services		54,135				49,023
Distribution2		36,246				38,057
Other3		5,470				2,506
Total Revenue		$	307,050			$	263,852

1 The performance obligation may include administrative, distribution and other services recorded as a single asset management fee under Topic 606, as it is part of a unitary fee arrangement with a single performance obligation.

2 The performance obligation is satisfied at a point in time and may include contingent deferred sales charges and upfront commissions. A portion of this revenue relates to a performance obligation that has been satisfied in a prior period.

3 Includes shareholder service fees and, beginning in the third quarter of 2018, stewardship services revenue.

The following table presents Federated's revenue disaggregated by geographical market:

		Three Months Ended
		March 31,
(in thousands)		2019				2018
Domestic		$	252,390			$	256,092
Foreign1		54,660				7,760
Total Revenue		$	307,050			$	263,852

1 This represents revenue earned by non-U.S. domiciled subsidiaries.

The following table presents Federated's revenue disaggregated by product type:

		Three Months Ended
		March 31,
(in thousands)		2019				2018
Federated Funds		$	248,352			$	224,817
Separate Accounts		55,592				39,035
Other1		3,106				0
Total Revenue		$	307,050			$	263,852

1 Includes stewardship services revenue.

Future Fixed Revenue from Stewardship Services

Based on existing contracts and the exchange rates as of March 31, 2019, Federated may recognize future fixed revenue from stewardship services as presented in the following table:

(in thousands)
Remainder of 2019		$	6,892
2020		3,463
2021		1,746
2022 and Thereafter		540
Total Remaining Unsatisfied Performance Obligations		$	12,641

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045

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X

- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130556-203045

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