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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and Cash Equivalents $ 374,952 $ 383,180
Prepaid Expenses 33,627 29,739
Other Current Assets 6,303 5,900
Total Current Assets 723,186 720,729
Long-Term Assets    
Goodwill 813,547 807,156
Intangible Assets, net of accumulated amortization of $77,340 and $64,112, respectively 342,588 409,449
Property and Equipment, net of accumulated depreciation of $122,146 and $119,852, respectively 27,553 30,711
Right-of-Use Assets, net 90,471 99,265
Other Long-Term Assets 40,206 34,534
Total Long-Term Assets 1,314,365 1,381,115
Total Assets 2,037,551 2,101,844
Current Liabilities    
Accounts Payable and Accrued Expenses 98,112 88,290
Accrued Compensation and Benefits 127,215 158,392
Lease Liabilities 16,186 16,283
Other Current Liabilities 21,625 24,378
Total Current Liabilities 263,138 287,343
Long-Term Liabilities    
Long-Term Debt 348,040 347,843
Long-Term Deferred Tax Liability, net 176,423 186,292
Long-Term Lease Liabilities 83,593 93,816
Other Long-Term Liabilities 29,433 32,453
Total Long-Term Liabilities 637,489 660,404
Total Liabilities 900,627 947,747
Commitments and Contingencies (Note (17))
TEMPORARY EQUITY    
Redeemable Noncontrolling Interests in Subsidiaries 53,408 25,845
Federated Hermes, Inc. Shareholders’ Equity    
Additional Paid-In Capital from Treasury Stock Transactions 0 2
Retained Earnings 1,207,794 1,194,561
Treasury Stock, at Cost, 17,700,744 and 14,664,467 Shares Class B Common Stock, respectively (622,696) (521,403)
Accumulated Other Comprehensive Income (Loss), net of tax 888 (19,911)
Total Permanent Equity 1,083,516 1,128,252
Total Liabilities, Temporary Equity and Permanent Equity 2,037,551 2,101,844
Investments—Consolidated Investment Companies    
Current Assets    
Investments 116,380 70,543
Affiliates    
Current Assets    
Investments 73,696 106,952
Receivables 39,133 48,694
Receivables, net of reserve of $21 and $21, respectively    
Current Assets    
Receivables 79,095 75,721
Class A    
Federated Hermes, Inc. Shareholders’ Equity    
Common Stock 189 189
Class B    
Federated Hermes, Inc. Shareholders’ Equity    
Common Stock $ 497,341 $ 474,814