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Revenue from Contracts with Customers (Tables) | 12 Months Ended
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Dec. 31, 2019
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following table presents Federated's revenue disaggregated by asset class:
(in thousands) |  | 2019 |  |  | 2018 |
Equity |  | $ | 533,749 |  |  | $ | 470,436 |
Money Market |  | 529,340 |  |  | 414,746 |
Fixed-Income |  | 179,102 |  |  | 180,152 |
Other 1 |  | 84,703 |  |  | 70,343 |
Total Revenue |  | $ | 1,326,894 |  |  | $ | 1,135,677 |
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:
(in thousands) |  | 2019 |  |  | 2018 |
Asset Management 1 |  | $ | 907,605 |  |  | $ | 773,418 |
Administrative Services |  | 245,887 |  |  | 199,269 |
Distribution 2 |  | 151,106 |  |  | 146,595 |
Other 3 |  | 22,296 |  |  | 16,395 |
Total Revenue |  | $ | 1,326,894 |  |  | $ | 1,135,677 |
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. 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 product type:
(in thousands) |  | 2019 |  |  | 2018 |
Federated Funds |  | $ | 1,093,157 |  |  | $ | 942,037 |
Separate Accounts |  | 221,756 |  |  | 187,585 |
Other 1 |  | 11,981 |  |  | 6,055 |
Total Revenue |  | $ | 1,326,894 |  |  | $ | 1,135,677 |
1 Includes stewardship services revenue beginning in the third quarter of 2018.
Remaining Unsatisfied Performance Obligations | Based on existing contracts and the exchange rates as of December 31, 2019, Federated may recognize future fixed revenue from stewardship services as presented in the following table:
(in thousands) |  |
2020 |  | $ | 7,777 |
2021 |  | 3,315 |
2022 |  | 1,625 |
2023 and Thereafter |  | 1,035 |
Total Remaining Unsatisfied Performance Obligations |  | $ | 13,752 |

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- 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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045 + Details
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- 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=118956577&loc=SL49130556-203045 + Details
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