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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and Cash Equivalents $ 323,983 $ 336,782
Investments—Consolidated Investment Companies 83,366 108,448
Investments—Affiliates and Other 80,640 76,524
Receivables, net of reserve of $21 and $21, respectively 75,234 58,068
Receivables—Affiliates 35,018 35,941
Prepaid Expenses 31,450 27,004
Other Current Assets 6,561 8,264
Total Current Assets 636,252 651,031
Long-Term Assets    
Goodwill 802,940 800,417
Intangible Assets, net of accumulated amortization of $51,984 and $47,650, respectively 410,982 409,157
Property and Equipment, net of accumulated depreciation of $116,983 and $119,640, respectively 32,501 35,743
Right-of-Use Assets, net 84,234 92,860
Other Long-Term Assets 32,070 31,271
Total Long-Term Assets 1,362,727 1,369,448
Total Assets 1,998,979 2,020,479
Current Liabilities    
Accounts Payable and Accrued Expenses 95,377 73,901
Accrued Compensation and Benefits 69,028 149,760
Lease Liabilities 18,891 18,394
Income Taxes Payable 22,048 2,286
Other Current Liabilities 6,846 13,072
Total Current Liabilities 212,190 257,413
Long-Term Liabilities    
Long-Term Debt 347,645 347,581
Long-Term Deferred Tax Liability, net 180,908 180,410
Long-Term Lease Liabilities 76,931 86,809
Other Long-Term Liabilities 35,094 40,753
Total Long-Term Liabilities 640,578 655,553
Total Liabilities 852,768 912,966
Commitments and Contingencies (Note (17))
TEMPORARY EQUITY    
Redeemable Noncontrolling Interests in Subsidiaries 39,508 61,821
Federated Hermes, Inc. Shareholders’ Equity    
Retained Earnings 1,051,095 1,015,589
Treasury Stock, at Cost, 9,986,317 and 10,229,521 Shares Class B Common Stock, respectively (360,155) (365,363)
Accumulated Other Comprehensive Income (Loss), net of tax (36,056) (45,676)
Total Permanent Equity 1,106,703 1,045,692
Total Liabilities, Temporary Equity and Permanent Equity 1,998,979 2,020,479
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 $ 451,630 $ 440,953
Common stock, shares issued (in shares) 99,505,456 99,505,456