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Consolidated Statements of Income - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Revenue |  |  |
Total Revenue | $ 1,326,894 | $ 1,135,677 | $ 1,102,924
Operating Expenses |  |  |
Compensation and Related | 442,147 | 354,765 | 289,215
Systems and Communications | 52,988 | 39,925 | 31,971
Office and Occupancy | 44,926 | 34,622 | 29,258
Professional Service Fees | 43,714 | 42,903 | 29,064
Advertising and Promotional | 17,774 | 16,141 | 11,166
Travel and Related | 16,645 | 15,594 | 12,646
Other | 20,110 | 13,867 | 15,317
Total Operating Expenses | 978,967 | 805,397 | 761,416
Operating Income | 347,927 | 330,280 | 341,508
Nonoperating Income (Expenses) |  |  |
Investment Income, net | 4,450 | 5,985 | 7,236
Gain (Loss) on Securities, net | 4,966 | (4,357) | 8,072
Debt Expense | (5,037) | (5,885) | (4,772)
Other, net | 12,965 | (29,849) | (42)
Total Nonoperating Income (Expenses), net | 17,344 | (34,106) | 10,494
Income Before Income Taxes | 365,271 | 296,174 | 352,002
Income Tax Provision | 88,146 | 73,875 | 57,101
Net Income Including the Noncontrolling Interests in Subsidiaries | 277,125 | 222,299 | 294,901
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries | 4,786 | 2,002 | 3,560
Net Income | $ 272,339 | $ 220,297 | $ 291,341
Amounts Attributable to Federated Hermes, Inc. |  |  |
Earnings Per Common Share—Basic and Diluted (usd per share) | $ 2.69 | $ 2.18 | $ 2.87
Cash Dividends Per Share (usd per share) | $ 1.08 | $ 1.06 | $ 1.00
Investment Advisory Fees, net—Affiliates |  |  |
Revenue |  |  |
Total Revenue | $ 685,849 | $ 585,832 | $ 591,112
Investment Advisory Fees, net—Other |  |  |
Revenue |  |  |
Total Revenue | 221,756 | 187,586 | 140,558
Administrative Service Fees, net—Affiliates |  |  |
Revenue |  |  |
Total Revenue | 245,887 | 199,269 | 188,814
Other Service Fees, net—Affiliates |  |  |
Revenue |  |  |
Total Revenue | 161,421 | 156,935 | 176,397
Other Service Fees, net—Other |  |  |
Revenue |  |  |
Total Revenue | 11,981 | 6,055 | 6,043
Distribution |  |  |
Operating Expenses |  |  |
Distribution | $ 340,663 | $ 287,580 | $ 342,779

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