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Revenue from Contracts with Customers (Tables)

12 Months Ended

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
Other1		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 Management1		$	907,605			$	773,418
Administrative Services		245,887				199,269
Distribution2		151,106				146,595
Other3		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
Other1		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

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://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

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- References

No definition available.

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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=118956577&loc=SL49130556-203045

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