Federated Hermes, Inc. FII Income Statement

Federated hermes, inc. (FII)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenue
Revenue from Contract with Customer, Excluding Assessed Tax
359,183	358,025	340,340	321,479	307,050	307,216	308,616	255,993	263,852	278,312	278,315	272,796	273,501	289,904	294,620	286,738	272,109	243,639	234,321	228,127	220,522	217,858	216,915	212,981	211,496	214,721	211,866	223,806	227,972	244,825	238,468	232,132	230,281	216,407	214,048	225,777	238,882	245,316	242,173	231,484	232,970	293,603	306,894
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,056	1,001	891	-	950	1,062	1,159	1,282	1,336	1,243	896	918	2,169	1,182	1,049	821	862	772	986	1,103	713	635	582	679	660	548	974	1,367	1,037
Operating Expenses
Compensation and Related
115,335	111,436	112,247	107,248	111,216	99,152	103,092	74,147	78,374	71,989	72,454	71,370	73,402	68,740	75,731	75,225	76,770	68,870	70,624	70,940	76,498	72,161	70,724	70,693	71,759	68,726	65,620	67,855	66,937	63,211	65,131	65,215	64,065	60,620	57,930	62,493	64,396	56,384	61,387	60,686	64,396	62,232	63,609
Distribution
96,160	-	-	-	77,632	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Systems and Communications
14,896	14,730	13,353	12,111	12,794	11,528	12,213	7,751	8,433	7,713	7,992	8,041	8,225	7,876	7,763	7,767	7,865	7,096	6,684	6,979	6,870	6,773	6,392	6,225	6,404	6,627	6,464	6,087	6,623	6,101	6,532	6,773	6,310	5,840	5,825	5,727	5,579	5,831	5,362	5,877	5,758	6,058	5,851
Professional Service Fees
13,268	12,269	10,678	10,281	10,486	10,459	13,535	9,278	9,631	8,922	6,948	6,116	7,078	9,557	7,360	3,645	8,881	8,260	7,823	7,285	7,882	5,714	7,944	8,177	8,381	9,241	9,704	9,293	8,844	6,549	-7,864	9,932	10,308	9,567	9,437	8,548	26,185	9,384	9,401	-9,884	10,079	10,089	9,777
Office and Occupancy
11,771	11,643	10,855	11,066	11,362	10,384	9,332	7,365	7,541	7,452	7,293	7,161	7,352	7,156	6,660	6,675	6,888	6,591	6,552	6,710	6,853	7,526	8,241	7,286	6,915	6,838	6,488	6,543	6,432	6,348	6,108	6,119	6,253	6,254	6,202	6,032	6,201	5,968	5,841	4,853	6,296	6,001	5,647
Advertising and Promotional
4,995	4,785	4,102	4,697	4,190	5,174	4,502	3,237	3,228	2,771	2,345	3,095	2,955	3,771	3,371	3,938	3,442	3,645	3,310	3,504	3,471	3,661	3,271	2,959	3,439	3,761	3,975	3,936	3,422	3,610	3,559	3,316	2,928	3,523	3,887	2,841	3,162	2,630	2,724	2,600	2,156	2,529	3,059
Travel and Related
3,159	4,180	4,158	4,459	3,848	4,628	4,622	3,523	2,821	3,496	3,258	2,958	2,934	3,501	3,165	3,656	2,906	3,934	3,183	3,533	2,759	3,792	3,028	3,538	2,861	4,108	3,344	3,533	2,686	3,838	2,913	3,336	2,751	3,674	2,809	3,253	2,438	3,456	2,692	2,884	2,429	2,316	2,872
Intangible asset related
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	799	822	21	1,243	1,263	1,629	3,780	5,988	3,397	9,311	3,815	3,953	3,981
Amortization of deferred sales commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,987	3,114	3,172	5,104	4,960
Other
6,855	3,242	7,558	4,677	4,633	4,454	7,269	489	1,655	4,727	4,497	2,670	3,423	2,695	3,194	3,421	2,421	2,289	3,078	5,839	3,656	2,833	3,000	3,068	3,895	-3,292	7,462	6,722	6,589	8,339	7,111	5,271	5,605	5,085	5,244	5,373	5,949	16,775	4,494	5,403	4,569	4,677	4,455
Total Operating Expenses
266,439	255,234	251,033	236,539	236,161	219,262	226,718	175,236	184,181	187,478	189,625	188,585	195,728	205,082	205,984	199,068	197,554	166,754	160,077	158,848	161,484	156,224	156,087	154,139	154,851	154,963	154,108	157,778	159,773	161,632	148,435	163,112	159,934	154,546	147,037	153,694	182,382	166,284	167,085	147,623	161,160	198,870	218,829
Operating Income
92,744	102,791	89,307	84,940	70,889	87,954	81,898	80,757	79,671	90,834	88,690	84,211	77,773	84,822	88,636	87,670	74,555	76,885	74,244	69,279	59,038	61,634	60,828	58,842	56,645	59,758	57,758	66,028	68,199	83,193	90,033	69,020	70,347	61,861	67,011	72,083	56,500	79,032	75,088	83,861	71,810	94,733	88,065
Nonoperating Income (Expenses)
Investment Income, net
1,389	1,441	1,030	949	1,030	955	938	2,192	1,900	1,992	1,889	1,703	1,652	2,152	1,857	1,674	1,573	1,279	1,243	1,390	1,144	1,336	1,233	1,802	1,700	1,940	1,407	1,708	1,535	2,488	1,452	1,520	1,296	1,622	1,022	1,147	1,036	1,272	1,049	725	284	233	306
Marketable Securities, Gain (Loss)
-15,840	3,296	-586	577	1,679	-2,621	261	-815	-1,182	1,609	1,667	2,234	2,562	-446	2,032	-569	1,091	262	-4,292	-980	-254	989	-439	2,509	1,913	6,150	5,592	2,351	2,893	1,855	2,254	752	2,050	918	-2,293	31	2,776	2,707	3,426	-2,333	-258	1,452	904
Debt Expense
931	1,066	1,239	1,332	1,400	1,522	1,602	1,431	1,330	1,238	1,250	1,182	1,102	1,055	1,039	1,020	1,059	973	979	974	1,373	1,788	2,162	2,849	2,812	2,996	3,078	3,137	3,253	3,506	3,534	3,690	3,711	3,862	3,972	4,577	4,636	4,852	4,958	4,619	620	1,112	1,146
Other, net
8,345	5,209	8,264	-832	324	-2,972	2,240	-28,974	-143	-10	1	-33	0	48	19	-2	-5	3	-8	-15	-13	-15	-4	-5	-5	-637	-3,133	-30	-40	-3,114	-29	-128	-37	-104	-83	-85	-24	-184	-65	-66	-179	-415	-334
Total Nonoperating Income (Expenses), net
-7,037	8,880	7,469	-638	1,633	-6,160	1,837	-29,028	-755	2,353	2,307	2,722	3,112	699	2,869	83	1,600	571	-4,036	-579	-496	522	-1,372	1,457	796	4,457	788	892	1,135	-2,277	143	-1,546	-402	-1,426	-5,326	-3,484	-848	-1,057	-548	-6,293	-773	158	-270
Income Before Income Taxes
85,707	111,671	96,776	84,302	72,522	81,794	83,735	51,729	78,916	93,187	90,997	86,933	80,885	85,521	91,505	87,753	76,155	77,456	70,208	68,700	58,542	62,156	59,456	60,299	57,441	64,215	58,546	66,920	69,334	80,916	90,176	67,474	69,945	60,435	61,685	68,599	55,652	77,975	74,540	77,568	71,037	94,891	87,795
Income Tax Provision
22,442	26,582	23,191	20,462	17,911	20,162	21,741	13,062	18,910	-38,787	33,756	32,274	29,858	28,292	32,597	31,335	27,196	28,287	26,072	26,437	22,124	22,552	22,197	22,985	21,796	22,038	20,917	25,059	24,646	28,961	31,983	24,401	25,538	21,811	23,165	25,714	20,598	29,345	26,477	29,293	26,842	34,604	31,712
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
63,265	85,089	73,585	63,840	54,611	61,632	61,994	38,667	60,006	131,974	57,241	54,659	51,027	57,229	58,908	56,418	48,959	49,169	44,136	42,263	36,418	39,604	37,259	37,314	35,645	42,177	37,629	41,861	44,688	51,955	58,193	43,073	44,407	38,624	38,520	42,885	35,054	48,630	48,063	48,275	44,195	60,287	56,083
Less: Net Income (Loss) Attributable to the Noncontrolling Interests in Subsidiaries
-913	2,982	623	1,116	65	96	2,386	-155	-325	164	802	1,208	1,386	1,387	3,983	3,709	3,516	1,559	5	504	111	-9	-301	445	451	1,106	-75	1,453	1,694	2,375	2,420	2,663	2,082	1,682	200	472	1,823	2,229	5,007	625	2,188	3,301	2,809
Net Income
64,178	82,107	72,962	62,724	54,546	61,536	59,608	38,822	60,331	131,810	56,439	53,451	49,641	55,842	54,925	52,709	45,443	47,610	44,131	41,759	36,307	39,613	37,560	36,869	35,194	41,071	37,704	40,408	42,994	49,580	55,773	40,410	42,325	36,942	38,320	42,413	33,231	46,401	43,056	47,650	42,007	56,986	53,274
Amounts Attributable to Federated Hermes, Inc.
Earnings Per Common Share—Basic and Diluted (usd per share)
0.63	0.81	0.72	0.62	0.54	0.61	0.59	0.38	0.60	1.29	0.56	0.53	0.49	0.54	0.54	0.51	0.44	0.45	0.42	0.40	0.35	0.37	0.36	0.35	0.34	0.39	0.36	0.39	0.41	0.45	0.54	0.39	0.41	0.35	0.37	0.41	0.32	0.47	0.42	0.46	0.38	0.56	0.52
Cash Dividends Per Share (usd per share)
0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.25	0.25	0.25	0.25	0.25	1.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.24	0.24	1.75	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	1.50	0.24	0.24
Total net income attributable to Federated Common Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,707	-	-
Investment Advisory Fees, net—Affiliates
Revenue from Contract with Customer, Excluding Assessed Tax
183,238	188,312	175,629	166,301	155,607	160,543	159,527	130,531	135,231	148,576	149,412	145,205	147,919	164,164	169,327	165,956	154,777	141,496	133,569	129,464	122,035	119,167	116,122	114,193	112,437	115,706	112,067	126,897	132,128	147,637	142,188	137,634	133,519	124,025	123,510	132,894	144,350	150,795	148,051	140,903	139,410	174,861	180,747
Investment Advisory Fees, net—Other
Revenue from Contract with Customer, Excluding Assessed Tax
57,422	55,319	56,477	54,368	55,592	53,446	57,509	37,596	39,035	37,568	35,474	34,117	33,399	30,898	27,926	26,707	27,070	24,943	25,329	24,965	24,524	24,419	24,964	23,360	22,656	22,345	22,556	20,618	18,635	19,176	18,118	16,733	15,829	14,200	15,889	16,233	15,239	14,379	15,732	15,051	15,083	15,151	13,010
Administrative Service [Member]
Revenue from Contract with Customer, Excluding Assessed Tax
72,199	69,568	64,216	57,968	54,135	52,021	49,855	48,370	49,023	49,051	47,461	45,601	46,701	51,465	53,577	53,131	53,473	53,561	53,275	51,605	53,017	53,427	52,244	52,738	54,727	55,354	55,052	55,253	56,828	57,372	55,879	54,986	57,292	56,830	54,928	54,550	54,048	54,410	53,085	51,899	56,249	65,267	67,514
Other Service Fees, net—Affiliates
Revenue from Contract with Customer, Excluding Assessed Tax
41,447	41,782	41,124	39,905	38,610	37,830	39,046	39,496	40,563	41,486	44,539	46,414	43,958	44,823	41,701	38,803	34,697	25,433	20,295	19,996	18,720	18,443	19,082	18,070	17,542	17,201	16,862	16,747	16,188	16,969	18,511	18,981	19,642	17,552	16,056	18,301	21,434	22,316	21,788	20,095	18,277	34,374	41,796
Other Service Fees, net—Other
Revenue from Contract with Customer, Excluding Assessed Tax
4,877	3,044	2,894	2,937	3,106	3,376	2,679	0	0	1,631	1,429	1,459	1,524	1,502	1,033	1,140	1,201	1,377	903	1,035	1,067	1,120	3,167	3,377	3,238	3,197	3,160	3,109	3,144	2,850	2,910	3,026	3,013	2,697	2,952	3,164	3,229	2,737	2,857	2,988	2,977	2,583	2,790
Distribution
Total Revenue
-	-	38,501	-	-	-	36,226	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution
-	-	88,082	82,000	-	73,483	72,153	69,446	72,498	80,408	84,838	87,174	90,359	101,786	98,740	94,741	88,381	66,069	58,823	54,058	53,495	53,764	53,487	52,193	51,197	58,954	51,051	53,809	58,240	65,278	64,146	62,328	61,693	58,740	54,440	57,798	64,692	69,141	68,800	62,779	58,490	95,911	114,618