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v3.19.2

Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018
Revenue |  |  |  |
Total Revenue | $ 321,479 | $ 255,993 | $ 628,529 | $ 519,845
Operating Expenses |  |  |  |
Compensation and Related | 107,248 | 74,147 | 218,464 | 152,521
Distribution | 82,000 | 69,446 | 159,632 | 141,945
Systems and Communications | 12,111 | 7,751 | 24,905 | 16,184
Office and Occupancy | 11,066 | 7,365 | 22,428 | 14,906
Professional Service Fees | 10,281 | 9,278 | 20,767 | 18,908
Advertising and Promotional | 4,697 | 3,237 | 8,886 | 6,465
Travel and Related | 4,459 | 3,523 | 8,307 | 6,344
Other | 4,677 | 489 | 9,311 | 2,144
Total Operating Expenses | 236,539 | 175,236 | 472,700 | 359,417
Operating Income | 84,940 | 80,757 | 155,829 | 160,428
Nonoperating Income (Expenses) |  |  |  |
Investment Income | 949 | 2,192 | 1,979 | 4,092
Gain (Loss) on Securities, net | 577 | (815) | 2,256 | (1,997)
Debt Expense | (1,332) | (1,431) | (2,732) | (2,761)
Other, net | (832) | (28,974) | (508) | (29,117)
Total Nonoperating Income (Expenses), net | (638) | (29,028) | 995 | (29,783)
Income Before Income Taxes | 84,302 | 51,729 | 156,824 | 130,645
Income Tax Provision | 20,462 | 13,062 | 38,373 | 31,972
Net Income Including the Noncontrolling Interests in Subsidiaries | 63,840 | 38,667 | 118,451 | 98,673
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries | 1,116 | (155) | 1,181 | (480)
Net Income | $ 62,724 | $ 38,822 | $ 117,270 | $ 99,153
Amounts Attributable to Federated Investors, Inc. |  |  |  |
Earnings Per Common Share—Basic and Diluted (usd per share) | $ 0.62 | $ 0.38 | $ 1.16 | $ 0.98
Cash Dividends Per Share (usd per share) | $ 0.27 | $ 0.27 | $ 0.54 | $ 0.52
Investment Advisory Fees, net—Affiliates |  |  |  |
Revenue |  |  |  |
Total Revenue | $ 166,301 | $ 130,531 | $ 321,908 | $ 265,762
Investment Advisory Fees, net—Other |  |  |  |
Revenue |  |  |  |
Total Revenue | 54,368 | 37,596 | 109,960 | 76,631
Administrative Service Fees, net—Affiliates |  |  |  |
Revenue |  |  |  |
Total Revenue | 57,968 | 48,370 | 112,103 | 97,393
Other Service Fees, net—Affiliates |  |  |  |
Revenue |  |  |  |
Total Revenue | 39,905 | 39,496 | 78,515 | 80,059
Other Service Fees, net—Other |  |  |  |
Revenue |  |  |  |
Total Revenue | $ 2,937 | $ 0 | $ 6,043 | $ 0

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