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v3.20.1

Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2020 | Mar. 31, 2019
Revenue |  |
Total Revenue | $ 359,183 | $ 307,050
Operating Expenses |  |
Compensation and Related | 115,335 | 111,216
Distribution | 96,160 | 77,632
Systems and Communications | 14,896 | 12,794
Professional Service Fees | 13,268 | 10,486
Office and Occupancy | 11,771 | 11,362
Advertising and Promotional | 4,995 | 4,190
Travel and Related | 3,159 | 3,848
Other | 6,855 | 4,633
Total Operating Expenses | 266,439 | 236,161
Operating Income | 92,744 | 70,889
Nonoperating Income (Expenses) |  |
Investment Income, net | 1,389 | 1,030
Gain (Loss) on Securities, net | (15,840) | 1,679
Debt Expense | (931) | (1,400)
Other, net | 8,345 | 324
Total Nonoperating Income (Expenses), net | (7,037) | 1,633
Income Before Income Taxes | 85,707 | 72,522
Income Tax Provision | 22,442 | 17,911
Net Income Including the Noncontrolling Interests in Subsidiaries | 63,265 | 54,611
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries | (913) | 65
Net Income | $ 64,178 | $ 54,546
Amounts Attributable to Federated Hermes, Inc. |  |
Earnings Per Common Share—Basic and Diluted (usd per share) | $ 0.63 | $ 0.54
Cash Dividends Per Share (usd per share) | $ 0.27 | $ 0.27
Investment Advisory Fees, net—Affiliates |  |
Revenue |  |
Total Revenue | $ 183,238 | $ 155,607
Investment Advisory Fees, net—Other |  |
Revenue |  |
Total Revenue | 57,422 | 55,592
Administrative Service Fees, net—Affiliates |  |
Revenue |  |
Total Revenue | 72,199 | 54,135
Other Service Fees, net—Affiliates |  |
Revenue |  |
Total Revenue | 41,447 | 38,610
Other Service Fees, net—Other |  |
Revenue |  |
Total Revenue | $ 4,877 | $ 3,106

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