XML 16 R3.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and Cash Equivalents $ 336,782 $ 233,327
Investments—Consolidated Investment Companies 108,448 105,542
Investments—Affiliates and Other 76,524 87,805
Receivables, net of reserve of $21 and $21, respectively 58,068 65,317
Receivables—Affiliates 35,941 30,956
Prepaid Expenses 27,004 29,322
Other Current Assets 8,264 7,178
Total Current Assets 651,031 559,447
Long-Term Assets    
Goodwill 800,417 798,871
Intangible Assets, net 409,157 471,209
Property and Equipment, net 35,743 46,965
Right-of-Use Assets, net 92,860 108,306
Other Long-Term Assets 31,271 33,389
Total Long-Term Assets 1,369,448 1,458,740
Total Assets 2,020,479 2,018,187
Current Liabilities    
Accounts Payable and Accrued Expenses 73,901 64,019
Accrued Compensation and Benefits 149,760 162,203
Lease Liabilities 18,394 17,447
Other Current Liabilities 15,358 27,038
Total Current Liabilities 257,413 270,707
Long-Term Liabilities    
Long-Term Debt 347,581 223,350
Long-Term Deferred Tax Liability, net 180,410 205,206
Long-Term Lease Liabilities 86,809 105,270
Other Long-Term Liabilities 40,753 36,435
Total Long-Term Liabilities 655,553 570,261
Total Liabilities 912,966 840,968
Commitments and Contingencies (Note (20))
TEMPORARY EQUITY    
Redeemable Noncontrolling Interests in Subsidiaries 61,821 63,202
Federated Hermes, Inc. Shareholders’ Equity    
Retained Earnings 1,015,589 1,187,001
Treasury Stock, at Cost, 10,229,521 and 16,094,488 Shares Class B Common Stock, respectively (365,363) (538,464)
Accumulated Other Comprehensive Income (Loss), net of tax (45,676) 16,362
Total Permanent Equity 1,045,692 1,114,017
Total Liabilities, Temporary Equity and Permanent Equity 2,020,479 2,018,187
Class A    
Federated Hermes, Inc. Shareholders’ Equity    
Common Stock 189 189
Class B    
Federated Hermes, Inc. Shareholders’ Equity    
Common Stock $ 440,953 $ 448,929