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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and Cash Equivalents $ 304,520 $ 233,327
Investments—Consolidated Investment Companies 107,277 105,542
Investments—Affiliates and Other 69,399 87,805
Receivables, net of reserve of $21 and $21, respectively 48,586 65,317
Receivables—Affiliates 33,000 30,956
Prepaid Expenses 26,112 29,322
Other Current Assets 41,389 7,178
Total Current Assets 630,283 559,447
Long-Term Assets    
Goodwill 774,570 798,871
Intangible Assets, net of accumulated amortization of $40,949 and $39,618, respectively 406,813 471,209
Property and Equipment, net of accumulated depreciation of $114,535 and $113,624, respectively 37,928 46,965
Right-of-Use Assets, net 93,271 108,306
Other Long-Term Assets 29,705 33,389
Total Long-Term Assets 1,342,287 1,458,740
Total Assets 1,972,570 2,018,187
Current Liabilities    
Accounts Payable and Accrued Expenses 72,037 64,019
Accrued Compensation and Benefits 118,143 162,203
Lease Liabilities 17,839 17,447
Other Current Liabilities 30,910 27,038
Total Current Liabilities 238,929 270,707
Long-Term Liabilities    
Long-Term Debt 397,514 223,350
Long-Term Deferred Tax Liability, net 188,884 205,206
Long-Term Lease Liabilities 88,402 105,270
Other Long-Term Liabilities 32,826 36,435
Total Long-Term Liabilities 707,626 570,261
Total Liabilities 946,555 840,968
Commitments and Contingencies (Note (17))
TEMPORARY EQUITY    
Redeemable Noncontrolling Interests in Subsidiaries 54,586 63,202
Federated Hermes, Inc. Shareholders’ Equity    
Retained Earnings 1,002,201 1,187,001
Treasury Stock, at Cost, 10,519,389 and 16,094,488 Shares Class B Common Stock, respectively (377,387) (538,464)
Accumulated Other Comprehensive Income (Loss), net of tax (87,416) 16,362
Total Permanent Equity 971,429 1,114,017
Total Liabilities, Temporary Equity and Permanent Equity 1,972,570 2,018,187
Class A    
Federated Hermes, Inc. Shareholders’ Equity    
Common Stock $ 189 $ 189
Common stock, shares issued (in shares) 9,000 9,000
Class B    
Federated Hermes, Inc. Shareholders’ Equity    
Common Stock $ 433,842 $ 448,929
Common stock, shares issued (in shares) 99,505,456 109,505,456