XML 22 R5.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue      
Total Revenue $ 1,300,447 $ 1,448,268 $ 1,326,894
Operating Expenses      
Compensation and Related 532,492 503,400 442,147
Distribution 160,884 318,343 340,663
Systems and Communications 75,429 64,698 52,988
Professional Service Fees 60,331 55,123 43,714
Office and Occupancy 44,573 38,975 44,926
Advertising and Promotional 21,600 15,834 17,774
Travel and Related 5,337 4,566 16,645
Other 33,529 29,178 20,110
Total Operating Expenses 934,175 1,030,117 978,967
Operating Income 366,272 418,151 347,927
Nonoperating Income (Expenses)      
Investment Income, net 3,171 4,119 4,450
Gain (Loss) on Securities, net 9,532 18,067 4,966
Debt Expense (1,785) (2,678) (5,037)
Other, net (900) 8,398 12,965
Total Nonoperating Income (Expenses), net 10,018 27,906 17,344
Income Before Income Taxes 376,290 446,057 365,271
Income Tax Provision 103,982 110,035 88,146
Net Income Including the Noncontrolling Interests in Subsidiaries 272,308 336,022 277,125
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries 2,015 9,658 4,786
Net Income $ 270,293 $ 326,364 $ 272,339
Amounts Attributable to Federated Hermes, Inc.      
Earning per common share - basic (usd per share) $ 2.77 $ 3.25 $ 2.69
Earnings per common share—diluted (usd per share) 2.75 3.23 2.69
Cash dividends per share (usd per share) $ 1.08 $ 2.08 $ 1.08
Investment Advisory Fees, net—Affiliates      
Revenue      
Total Revenue $ 656,958 $ 769,836 $ 685,849
Investment Advisory Fees, net—Other      
Revenue      
Total Revenue 259,026 241,631 221,756
Administrative Service Fees, net—Affiliates      
Revenue      
Total Revenue 306,639 318,152 245,887
Other Service Fees, net—Affiliates      
Revenue      
Total Revenue 61,326 103,862 161,421
Other Service Fees, net—Other      
Revenue      
Total Revenue $ 16,498 $ 14,787 $ 11,981