$FHI
FEDERATED HERMES, INC. Stock $fhi

$fhi Overview Financials Valuation SEC Filings Company Website

2017 Q3 Form 10-Q Financial Statement

#000105628817000023 Filed on October 27, 2017

Income Statement

Concept	2017 Q3	2016 Q3
Revenue	$278.3M	$294.6M
YoY Change	-5.53%	25.73%
Cost Of Revenue	$6.600M	$7.400M
YoY Change	-10.81%	-5.13%
Gross Profit	$271.8M	$287.3M
YoY Change	-5.4%	26.84%
Gross Profit Margin	97.66%	97.52%
Selling, General & Admin	$178.2M	$195.4M
YoY Change	-8.8%	30.97%
% of Gross Profit	65.56%	68.01%
Research & Development	$7.992M	$7.763M
YoY Change	2.95%	16.14%
% of Gross Profit	2.94%	2.7%
Depreciation & Amortization	$2.600M	$2.200M
YoY Change	18.18%	-4.35%
% of Gross Profit	0.96%	0.77%
Operating Expenses	$189.6M	$206.0M
YoY Change	-7.94%	28.68%
Operating Profit	$88.69M	$88.64M
YoY Change	0.06%	19.38%
Interest Expense	$2.300M	$2.900M
YoY Change	-20.69%	-172.5%
% of Operating Profit	2.59%	3.27%
Other Income/Expense, Net	$2.307M	$2.869M
YoY Change	-19.59%	-171.09%
Pretax Income	$91.00M	$91.51M
YoY Change	-0.56%	30.33%
Income Tax	$33.76M	$32.60M
% Of Pretax Income	37.1%	35.62%
Net Earnings	$56.44M	$54.93M
YoY Change	2.76%	24.46%
Net Earnings / Revenue	20.28%	18.64%
Basic Earnings Per Share
Diluted Earnings Per Share	$580.8K	$555.7K
COMMON SHARES
Basic Shares Outstanding	97.13M shares	98.81M shares
Diluted Shares Outstanding	97.13M shares	98.81M shares

Balance Sheet

Concept	2017 Q3	2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$328.3M	$380.5M
YoY Change	-13.72%	18.24%
Cash & Equivalents	$161.4M	$185.1M
Short-Term Investments	$166.9M	$195.4M
Other Short-Term Assets	$2.198M	$3.225M
YoY Change	-31.84%	-5.59%
Inventory
Prepaid Expenses	$9.690M	$9.718M
Receivables	$45.53M	$39.04M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$385.7M	$432.5M
YoY Change	-10.82%	19.18%
LONG-TERM ASSETS
Property, Plant & Equipment	$38.65M	$39.74M
YoY Change	-2.73%	9.0%
Goodwill	$660.0M	$659.2M
YoY Change	0.13%	-0.02%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$20.11M	$24.96M
YoY Change	-19.45%	10.75%
Total Long-Term Assets	$795.8M	$798.0M
YoY Change	-0.28%	0.53%
TOTAL ASSETS
Total Short-Term Assets	$385.7M	$432.5M
Total Long-Term Assets	$795.8M	$798.0M
Total Assets	$1.182B	$1.231B
YoY Change	-3.98%	6.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$51.00M	$54.40M
YoY Change	-6.25%	37.72%
Accrued Expenses	$56.90M	$61.80M
YoY Change	-7.93%	1.64%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00	$25.50M
YoY Change	-100.0%	0.0%
Total Short-Term Liabilities	$115.8M	$152.3M
YoY Change	-23.97%	7.53%
LONG-TERM LIABILITIES
Long-Term Debt	$175.0M	$172.1M
YoY Change	1.69%	-12.9%
Other Long-Term Liabilities	$22.54M	$22.37M
YoY Change	0.76%	17.4%
Total Long-Term Liabilities	$382.9M	$367.3M
YoY Change	4.24%	-0.42%
TOTAL LIABILITIES
Total Short-Term Liabilities	$115.8M	$152.3M
Total Long-Term Liabilities	$382.9M	$367.3M
Total Liabilities	$498.7M	$519.7M
YoY Change	-4.03%	1.79%
SHAREHOLDERS EQUITY
Retained Earnings	$598.9M	$607.2M
YoY Change	-1.36%	13.15%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)		$242.7M
YoY Change		28.0%
Treasury Stock Shares		7.223M shares
Shareholders Equity	$653.8M	$679.7M
YoY Change
Total Liabilities & Shareholders Equity	$1.182B	$1.231B
YoY Change	-3.98%	6.38%

Cashflow Statement

Concept	2017 Q3	2016 Q3
OPERATING ACTIVITIES
Net Income	$56.44M	$54.93M
YoY Change	2.76%	24.46%
Depreciation, Depletion And Amortization	$2.600M	$2.200M
YoY Change	18.18%	-4.35%
Cash From Operating Activities	$101.0M	$86.30M
YoY Change	17.03%	8.42%
INVESTING ACTIVITIES
Capital Expenditures	-$3.300M	-$3.300M
YoY Change	0.0%	135.71%
Acquisitions
YoY Change
Other Investing Activities	-$6.000M	$7.100M
YoY Change	-184.51%	-987.5%
Cash From Investing Activities	-$9.300M	$3.800M
YoY Change	-344.74%	-272.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-45.40M	-58.90M
YoY Change	-22.92%	29.74%
NET CHANGE
Cash From Operating Activities	101.0M	86.30M
Cash From Investing Activities	-9.300M	3.800M
Cash From Financing Activities	-45.40M	-58.90M
Net Change In Cash	46.30M	31.20M
YoY Change	48.4%	-2.5%
FREE CASH FLOW
Cash From Operating Activities	$101.0M	$86.30M
Capital Expenditures	-$3.300M	-$3.300M
Free Cash Flow	$104.3M	$89.60M
YoY Change	16.41%	10.62%

Facts In Submission

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	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
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	fii	Decrease In Pre Tax Income DecreaseInPreTaxIncome	-18600000	USD
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	fii	Decrease In Pre Tax Income DecreaseInPreTaxIncome	-800000	USD
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	dei	Document Period End Date DocumentPeriodEndDate	2017-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001056288
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	FEDERATED INVESTORS INC /PA/
	dei	Trading Symbol TradingSymbol	FII
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CY2016Q4	us-gaap	Indefinite Lived Contractual Rights IndefiniteLivedContractualRights	70378000	USD
CY2017Q3	us-gaap	Indefinite Lived Contractual Rights IndefiniteLivedContractualRights	73878000	USD
CY2016Q3	us-gaap	Interest And Debt Expense InterestAndDebtExpense	1039000	USD
	us-gaap	Interest And Debt Expense InterestAndDebtExpense	3118000	USD
CY2017Q3	us-gaap	Interest And Debt Expense InterestAndDebtExpense	1250000	USD
	us-gaap	Interest And Debt Expense InterestAndDebtExpense	3534000	USD
CY2016Q3	us-gaap	Investment Advisory Fees InvestmentAdvisoryFees	27926000	USD
	us-gaap	Investment Advisory Fees InvestmentAdvisoryFees	81703000	USD
CY2017Q3	us-gaap	Investment Advisory Fees InvestmentAdvisoryFees	35474000	USD
	us-gaap	Investment Advisory Fees InvestmentAdvisoryFees	102989000	USD
CY2016Q3	us-gaap	Investment Income Net InvestmentIncomeNet	1857000	USD
	us-gaap	Investment Income Net InvestmentIncomeNet	5104000	USD
CY2017Q3	us-gaap	Investment Income Net InvestmentIncomeNet	1889000	USD
	us-gaap	Investment Income Net InvestmentIncomeNet	5244000	USD
CY2016Q3	us-gaap	Labor And Related Expense LaborAndRelatedExpense	75731000	USD
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	227726000	USD
CY2017Q3	us-gaap	Labor And Related Expense LaborAndRelatedExpense	72454000	USD
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	217226000	USD
CY2016Q4	us-gaap	Liabilities Liabilities	527961000	USD
CY2017Q3	us-gaap	Liabilities Liabilities	498720000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1155107000	USD
CY2017Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1181508000	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	162538000	USD
CY2017Q3	us-gaap	Liabilities Current LiabilitiesCurrent	115814000	USD
CY2016Q4	us-gaap	Liabilities Fair Value Disclosure Recurring LiabilitiesFairValueDisclosureRecurring	2291000	USD
CY2017Q3	us-gaap	Liabilities Fair Value Disclosure Recurring LiabilitiesFairValueDisclosureRecurring	1730000	USD
CY2016Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	365423000	USD
CY2017Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	382906000	USD
CY2017Q3	us-gaap	Line Of Credit LineOfCredit	175000000	USD
CY2017Q2	us-gaap	Line Of Credit LineOfCredit	0	USD
CY2017Q3	us-gaap	Line Of Credit Facility Commitment Fee Percentage LineOfCreditFacilityCommitmentFeePercentage	0.00125
CY2017Q3	us-gaap	Line Of Credit Facility Interest Rate At Period End LineOfCreditFacilityInterestRateAtPeriodEnd	0.02362
CY2014Q2	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	200000000	USD
CY2017Q2	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	375000000	USD
CY2017Q3	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	200000000	USD
CY2017Q3	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	0	USD
CY2016Q4	us-gaap	Loans Payable To Bank LoansPayableToBank	191250000	USD
CY2017Q2	us-gaap	Loans Payable To Bank LoansPayableToBank	178500000	USD
CY2016Q4	us-gaap	Loans Payable To Bank Current LoansPayableToBankCurrent	25500000	USD
CY2017Q3	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	175000000	USD
CY2016Q4	us-gaap	Long Term Loans From Bank LongTermLoansFromBank	165750000	USD
CY2016Q3	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	2032000	USD
	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	2553000	USD
CY2017Q3	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	1667000	USD
	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	6463000	USD
CY2016Q3	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	3371000	USD
	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	10751000	USD
CY2017Q3	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	2345000	USD
	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	8396000	USD
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	7876000	USD
	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	1434000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-158358000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-142125000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-4684000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	7973000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	175518000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	190723000	USD
CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	54925000	USD
	us-gaap	Net Income Loss NetIncomeLoss	153077000	USD
CY2017Q3	us-gaap	Net Income Loss NetIncomeLoss	56439000	USD
	us-gaap	Net Income Loss NetIncomeLoss	159531000	USD
CY2016Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	3983000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	11208000	USD
CY2017Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	802000	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	3396000	USD
CY2016Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	52890000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	147090000	USD
CY2017Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	54219000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	153189000	USD
CY2016Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	52890000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	147090000	USD
CY2017Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	54219000	USD
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	153189000	USD
CY2016Q3	us-gaap	Noninterest Expense Distribution And Servicing Fees NoninterestExpenseDistributionAndServicingFees	98740000	USD
	us-gaap	Noninterest Expense Distribution And Servicing Fees NoninterestExpenseDistributionAndServicingFees	281862000	USD
CY2017Q3	us-gaap	Noninterest Expense Distribution And Servicing Fees NoninterestExpenseDistributionAndServicingFees	84838000	USD
	us-gaap	Noninterest Expense Distribution And Servicing Fees NoninterestExpenseDistributionAndServicingFees	262371000	USD
CY2016Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	2869000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	4552000	USD
CY2017Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	2307000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	8141000	USD
CY2016Q4	us-gaap	Nonredeemable Noncontrolling Interest NonredeemableNoncontrollingInterest	958000	USD
CY2017Q3	us-gaap	Nonredeemable Noncontrolling Interest NonredeemableNoncontrollingInterest	0	USD
CY2016Q3	us-gaap	Occupancy Net OccupancyNet	6660000	USD
	us-gaap	Occupancy Net OccupancyNet	20223000	USD
CY2017Q3	us-gaap	Occupancy Net OccupancyNet	7293000	USD
	us-gaap	Occupancy Net OccupancyNet	21805000	USD
CY2016Q3	us-gaap	Operating Expenses OperatingExpenses	205984000	USD
	us-gaap	Operating Expenses OperatingExpenses	602606000	USD
CY2017Q3	us-gaap	Operating Expenses OperatingExpenses	189625000	USD
	us-gaap	Operating Expenses OperatingExpenses	573938000	USD
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	88636000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	250861000	USD
CY2017Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	88690000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	250674000	USD
CY2016Q4	us-gaap	Other Assets Current OtherAssetsCurrent	3813000	USD
CY2017Q3	us-gaap	Other Assets Current OtherAssetsCurrent	2198000	USD
CY2016Q4	us-gaap	Other Assets Fair Value Disclosure OtherAssetsFairValueDisclosure	859000	USD
CY2017Q3	us-gaap	Other Assets Fair Value Disclosure OtherAssetsFairValueDisclosure	935000	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	22930000	USD
CY2017Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	20106000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-47000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	-324000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	191000	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax	554000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	1447000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	4002000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	90000	USD
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	689000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	178000	USD
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	1215000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	1688000	USD
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	2673000	USD
	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	-1666000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax	58000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-43000	USD
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	1350000	USD
CY2016Q3	us-gaap	Other Expenses OtherExpenses	3194000	USD
	us-gaap	Other Expenses OtherExpenses	9036000	USD
CY2017Q3	us-gaap	Other Expenses OtherExpenses	4882000	USD
	us-gaap	Other Expenses OtherExpenses	11761000	USD
CY2016Q3	us-gaap	Other Income OtherIncome	1056000	USD
	us-gaap	Other Income OtherIncome	2949000	USD
CY2017Q3	us-gaap	Other Income OtherIncome	408000	USD
	us-gaap	Other Income OtherIncome	1270000	USD
CY2016Q4	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	3570000	USD
CY2017Q3	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	3141000	USD
CY2016Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	8116000	USD
CY2017Q3	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	7903000	USD
CY2016Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	22987000	USD
CY2017Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	22536000	USD
CY2016Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	19000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	13000	USD
CY2017Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1000	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-32000	USD
CY2016Q3	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	2035000	USD
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	5987000	USD
CY2017Q3	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	2220000	USD
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	6342000	USD
CY2016Q3	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	-2035000	USD
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	-5987000	USD
CY2017Q3	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	-2220000	USD
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Diluted ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted	-6342000	USD
	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	70000	USD
	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	210000	USD
	us-gaap	Payments For Commissions PaymentsForCommissions	10137000	USD
	us-gaap	Payments For Commissions PaymentsForCommissions	3737000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	61440000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	44152000	USD
	us-gaap	Payments Of Debt Restructuring Costs PaymentsOfDebtRestructuringCosts	0	USD
	us-gaap	Payments Of Debt Restructuring Costs PaymentsOfDebtRestructuringCosts	483000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	77767000	USD
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	76286000	USD
	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	2273000	USD
	us-gaap	Payments To Acquire Available For Sale Securities PaymentsToAcquireAvailableForSaleSecurities	7266000	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	4352000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	10391000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	6791000	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	14218000	USD
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	8929000	USD
CY2017Q3	us-gaap	Profit Loss ProfitLoss	57241000	USD
	us-gaap	Profit Loss ProfitLoss	162927000	USD
CY2016Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	9994000	USD
CY2017Q3	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	9690000	USD
	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	222000	USD
	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	90000	USD
	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	14040000	USD
	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	4095000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	39280000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	38654000	USD
	us-gaap	Proceeds From Payments For Trading Securities ProceedsFromPaymentsForTradingSecurities	-8753000	USD
	us-gaap	Proceeds From Payments For Trading Securities ProceedsFromPaymentsForTradingSecurities	14702000	USD
CY2016Q3	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	7800000	USD
	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	7980000	USD
CY2017Q3	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	9000000	USD
	us-gaap	Proceeds From Sale And Maturity Of Available For Sale Securities ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities	26382000	USD
CY2016Q3	us-gaap	Professional Fees ProfessionalFees	7360000	USD
	us-gaap	Professional Fees ProfessionalFees	19886000	USD
CY2017Q3	us-gaap	Professional Fees ProfessionalFees	6563000	USD
	us-gaap	Professional Fees ProfessionalFees	18971000	USD
CY2016Q3	us-gaap	Profit Loss ProfitLoss	58908000	USD
	us-gaap	Profit Loss ProfitLoss	164285000	USD
CY2016Q4	us-gaap	Redeemable Noncontrolling Interest Equity Fair Value RedeemableNoncontrollingInterestEquityFairValue	31362000	USD
CY2017Q3	us-gaap	Redeemable Noncontrolling Interest Equity Fair Value RedeemableNoncontrollingInterestEquityFairValue	28991000	USD
	us-gaap	Repayments Of Bank Debt RepaymentsOfBankDebt	19125000	USD
	us-gaap	Repayments Of Bank Debt RepaymentsOfBankDebt	16250000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	529749000	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	598901000	USD
CY2016Q3	us-gaap	Revenues Revenues	294620000	USD
	us-gaap	Revenues Revenues	853467000	USD
CY2017Q3	us-gaap	Revenues Revenues	278315000	USD
	us-gaap	Revenues Revenues	824612000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	17212000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	17290000	USD
CY2016	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	943160	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	543570	shares
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	17271000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	17320000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	594826000	USD
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	653797000	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	648972000	USD
CY2016Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	680893000	USD
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	595784000	USD
CY2017Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	653797000	USD
CY2016Q4	us-gaap	Trading Securities TradingSecurities	65500000	USD
CY2017Q3	us-gaap	Trading Securities TradingSecurities	50700000	USD
CY2017Q3	us-gaap	Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease	0	USD
	us-gaap	Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease	0	USD
CY2016Q3	us-gaap	Travel And Entertainment Expense TravelAndEntertainmentExpense	3165000	USD
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	98806000	shares
CY2016Q4	us-gaap	Trading Securities Debt TradingSecuritiesDebt	45466000	USD
CY2017Q3	us-gaap	Trading Securities Debt TradingSecuritiesDebt	45997000	USD
CY2016Q4	us-gaap	Trading Securities Equity TradingSecuritiesEquity	20059000	USD
CY2017Q3	us-gaap	Trading Securities Equity TradingSecuritiesEquity	4728000	USD
CY2016Q4	us-gaap	Trading Securities Other TradingSecuritiesOther	7453000	USD
CY2017Q3	us-gaap	Trading Securities Other TradingSecuritiesOther	5679000	USD
CY2016Q3	us-gaap	Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease	-16000	USD
	us-gaap	Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease	-13000	USD
CY2017Q3	us-gaap	Travel And Entertainment Expense TravelAndEntertainmentExpense	3258000	USD
	us-gaap	Travel And Entertainment Expense TravelAndEntertainmentExpense	9150000	USD
CY2016Q4	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	7515773	shares
CY2017Q3	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	8610766	shares
CY2016Q4	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	255382000	USD
CY2017Q3	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	283482000	USD
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	64101000	USD
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	42321000	USD
CY2016Q4	us-gaap	Variable Interest Entity Consolidated Carrying Amount Assets And Liabilities Net VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet	14900000	USD
CY2017Q3	us-gaap	Variable Interest Entity Consolidated Carrying Amount Assets And Liabilities Net VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet	15100000	USD
CY2016Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1000	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1000	shares
CY2017Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1000	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	99398000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	97129000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	97522000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	98805000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	99397000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	97128000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	97521000	shares
	us-gaap	Basis Of Accounting BasisOfAccounting	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-style:italic;"></font><font style="font-family:inherit;font-size:12pt;color:#000000;font-style:italic;text-decoration:none;">Basis of Presentation</font><font style="font-family:inherit;font-size:12pt;font-style:italic;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The interim Consolidated Financial Statements of Federated Investors, Inc. and its consolidated subsidiaries (collectively, Federated) included herein have been prepared in accordance with United States (U.S.) generally accepted accounting principles (GAAP). In the opinion of management, the financial statements reflect all adjustments that are of a normal recurring nature and necessary for a fair presentation of the results for the interim periods presented.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In preparing the financial statements, management is required to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. Actual results may differ from those estimates, and such differences may be material to the Consolidated Financial Statements. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These financial statements should be read in conjunction with Federated's Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2016</font><font style="font-family:inherit;font-size:10pt;">. Certain items previously reported have been reclassified to conform to the current period's presentation.</font></div></div>
	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Revenue Recognition</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On May 28, 2014, the Financial Accounting Standards Board (FASB) issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes virtually all existing revenue recognition guidance under GAAP. The update's core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. During the third quarter of 2015, the FASB issued ASU 2015-14, which deferred the effective date of the standard by one year. As a result of the deferral, the update is effective for Federated on January 1, 2018. While early adoption is permitted, Federated does not plan to early adopt in 2017. During 2016, the FASB issued ASU 2016-08, which clarified principal versus agent considerations, ASU 2016-10, which clarified identifying performance obligations and the licensing implementation guidance, ASU 2016-12, which addressed implementation issues and provided additional practical expedients and ASU 2016-20, which provided technical corrections to narrow aspects of the guidance (collectively, with ASU 2014-09, Topic 606). Topic 606 allows for the use of either the retrospective or modified retrospective adoption method. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Management has substantially completed evaluating revenue contracts, as well as identifying Federated's customers, performance obligations and material revenue streams. For revenue streams evaluated to date, no changes have been identified as to the timing of revenue recognition. Management has reevaluated the capitalization and amortization policies of deferred sales commission assets, which will result in a shorter amortization period. Contingent deferred sales charges received, which are currently recorded as a reduction of the deferred sales commission asset, will be recorded as revenue. Additionally, consideration payable to a customer (such as payments to a fund for amounts in excess of the fund's expense cap), which is currently recorded as an expense, will be recorded as a reduction of revenue. Management continues to evaluate other potential impacts of adoption, including whether certain costs should be capitalized or expensed based on the criteria for costs to obtain or fulfill a contract, and the new disclosure requirements, as well as available transition methods and the impact of adoption on Federated's Consolidated Financial Statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Financial Instruments</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 5, 2016, the FASB issued ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The ASU significantly revises an entity's accounting related to (1) the classification and measurement of investments in equity securities, including investments in mutual funds and (2) the presentation of certain fair value changes for financial liabilities. The ASU also amends certain disclosure requirements associated with the fair value of financial instruments. The update is effective for Federated on January 1, 2018, and, except for certain provisions, does not permit early adoption. An entity should apply the amendments, with certain exceptions, by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments pertaining to financial liabilities are currently not expected to have a material impact on Federated's Consolidated Financial Statements. Management continues to evaluate the amendments pertaining to equity securities and their potential impact of adoption on Federated's Consolidated Financial Statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Leases</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On February 25, 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The core principle is that a lessee should recognize the assets and liabilities that arise from leases on the balance sheet, but Topic 842 retains a distinction between finance and operating leases. The update is effective for Federated on January 1, 2019, with early adoption permitted. The update requires the modified retrospective adoption method. Management is currently evaluating the potential impact of adoption on Federated's Consolidated Financial Statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Clarifying the Definition of a Business</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 5, 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business. The amendments in this update require that when substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset (or a group of similar identifiable assets), the assets are not considered to be a business. To be considered a business, an acquisition or disposal must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create outputs. The amendments also narrow the definition of the term "outputs" to be consistent with Topic 606. The ASU is effective for Federated on January 1, 2018, with early adoption permitted in specific circumstances, and is required to be applied prospectively. Management does not expect this update to have a material impact on Federated's Consolidated Financial Statements.</font></div></div>

Files In Submission

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2017 Q3 Form 10-Q Financial Statement

#000105628817000023 Filed on October 27, 2017

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$FHI FEDERATED HERMES, INC. Stock $fhi

2017 Q3 Form 10-Q Financial Statement

#000105628817000023 Filed on October 27, 2017

Income Statement

Balance Sheet

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Files In Submission

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