$FHI
FEDERATED HERMES, INC.

2021 Q2 Form 10-Q Financial Statement

#000162828021015334 Filed on August 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $311.0M $360.7M
YoY Change -13.77% 12.2%
Cost Of Revenue $15.12M $13.90M
YoY Change 8.79% 34.95%
Gross Profit $295.9M $346.8M
YoY Change -14.67% 11.44%
Gross Profit Margin 95.14% 96.14%
Selling, General & Admin $206.4M $241.3M
YoY Change -14.45% 8.89%
% of Gross Profit 69.76% 69.58%
Research & Development $18.95M $15.09M
YoY Change 25.6% 24.61%
% of Gross Profit 6.41% 4.35%
Depreciation & Amortization $7.365M $7.200M
YoY Change 2.29% 35.85%
% of Gross Profit 2.49% 2.08%
Operating Expenses $229.2M $263.5M
YoY Change -12.99% 11.38%
Operating Profit $81.81M $97.25M
YoY Change -15.88% 14.49%
Interest Expense $7.047M $14.10M
YoY Change -50.02% 6950.0%
% of Operating Profit 8.61% 14.5%
Other Income/Expense, Net $6.863M $14.03M
YoY Change -51.09% -2299.37%
Pretax Income $88.67M $111.3M
YoY Change -20.32% 32.01%
Income Tax $35.19M $26.48M
% Of Pretax Income 39.69% 23.8%
Net Earnings $55.88M $81.20M
YoY Change -31.17% 29.45%
Net Earnings / Revenue 17.97% 22.51%
Basic Earnings Per Share $0.57 $0.81
Diluted Earnings Per Share $0.56 $0.80
COMMON SHARES
Basic Shares Outstanding 93.96M shares 96.80M shares
Diluted Shares Outstanding 93.96M shares 96.80M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $424.2M $372.6M
YoY Change 13.85% 64.14%
Cash & Equivalents $253.7M $277.8M
Short-Term Investments $170.5M $94.80M
Other Short-Term Assets $8.398M $7.833M
YoY Change 7.21% 244.76%
Inventory
Prepaid Expenses $34.12M $20.44M
Receivables $64.71M $88.01M
Other Receivables $32.78M $32.50M
Total Short-Term Assets $564.2M $521.4M
YoY Change 8.21% 54.09%
LONG-TERM ASSETS
Property, Plant & Equipment $48.41M $50.72M
YoY Change -4.55% -6.24%
Goodwill $801.9M $787.0M
YoY Change 1.9% 2.25%
Intangibles $479.5M $454.8M
YoY Change 5.43% 20.2%
Long-Term Investments
YoY Change
Other Assets $34.51M $21.72M
YoY Change 58.89% -47.83%
Total Long-Term Assets $1.481B $1.412B
YoY Change 4.83% 4.65%
TOTAL ASSETS
Total Short-Term Assets $564.2M $521.4M
Total Long-Term Assets $1.481B $1.412B
Total Assets $2.045B $1.934B
YoY Change 5.74% 14.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $65.46M $89.10M
YoY Change -26.53% 36.03%
Accrued Expenses $118.8M $100.3M
YoY Change 18.49% 27.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $213.2M $249.0M
YoY Change -14.39% 64.02%
LONG-TERM LIABILITIES
Long-Term Debt $65.00M $90.00M
YoY Change -27.78% -28.0%
Other Long-Term Liabilities $32.90M $26.61M
YoY Change 23.66% 24.12%
Total Long-Term Liabilities $418.4M $393.6M
YoY Change 6.31% -6.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $213.2M $249.0M
Total Long-Term Liabilities $418.4M $393.6M
Total Liabilities $631.5M $642.6M
YoY Change -1.71% 12.03%
SHAREHOLDERS EQUITY
Retained Earnings $1.092B $1.004B
YoY Change 8.71% 21.59%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.162B $1.087B
YoY Change
Total Liabilities & Shareholders Equity $2.045B $1.934B
YoY Change 5.74% 14.56%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $55.88M $81.20M
YoY Change -31.17% 29.45%
Depreciation, Depletion And Amortization $7.365M $7.200M
YoY Change 2.29% 35.85%
Cash From Operating Activities $84.95M $124.1M
YoY Change -31.55% 29.81%
INVESTING ACTIVITIES
Capital Expenditures -$1.055M -$3.400M
YoY Change -68.97% -10.53%
Acquisitions
YoY Change
Other Investing Activities $7.572M -$2.300M
YoY Change -429.22% -81.3%
Cash From Investing Activities $6.517M -$5.700M
YoY Change -214.33% -64.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -62.81M -147.8M
YoY Change -57.5% 367.72%
NET CHANGE
Cash From Operating Activities 84.95M 124.1M
Cash From Investing Activities 6.517M -5.700M
Cash From Financing Activities -62.81M -147.8M
Net Change In Cash 28.66M -29.40M
YoY Change -197.48% -161.38%
FREE CASH FLOW
Cash From Operating Activities $84.95M $124.1M
Capital Expenditures -$1.055M -$3.400M
Free Cash Flow $86.01M $127.5M
YoY Change -32.54% 28.27%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Central Index Key
EntityCentralIndexKey
0001056288
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Amendment Flag
AmendmentFlag
false
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P6M
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2021Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2021-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-14818
dei Entity Registrant Name
EntityRegistrantName
Federated Hermes, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
PA
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
25-1111467
dei Entity Address Address Line1
EntityAddressAddressLine1
1001 Liberty Avenue
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
15222-3779
dei Entity Address City Or Town
EntityAddressCityOrTown
Pittsburgh,
dei Entity Address State Or Province
EntityAddressStateOrProvince
PA
dei City Area Code
CityAreaCode
412
dei Local Phone Number
LocalPhoneNumber
288-1900
dei Security12b Title
Security12bTitle
Class B common stock, no par value
dei Trading Symbol
TradingSymbol
FHI
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
253732000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
301819000 USD
CY2021Q2 fhi Investments Consolidated Investment Companies
InvestmentsConsolidatedInvestmentCompanies
98925000 USD
CY2020Q4 fhi Investments Consolidated Investment Companies
InvestmentsConsolidatedInvestmentCompanies
91359000 USD
CY2021Q2 fhi Investments Affiliates And Other
InvestmentsAffiliatesAndOther
71544000 USD
CY2020Q4 fhi Investments Affiliates And Other
InvestmentsAffiliatesAndOther
45593000 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
16000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
16000 USD
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
64709000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
64857000 USD
CY2021Q2 us-gaap Due From Affiliate Current
DueFromAffiliateCurrent
32776000 USD
CY2020Q4 us-gaap Due From Affiliate Current
DueFromAffiliateCurrent
41107000 USD
CY2021Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
34115000 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
22130000 USD
CY2021Q2 us-gaap Other Assets Current
OtherAssetsCurrent
8398000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
8478000 USD
CY2021Q2 us-gaap Assets Current
AssetsCurrent
564199000 USD
CY2020Q4 us-gaap Assets Current
AssetsCurrent
575343000 USD
CY2021Q2 us-gaap Goodwill
Goodwill
801941000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
800267000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
33583000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
26372000 USD
CY2021Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
479515000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
481753000 USD
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
113757000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
106317000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
48413000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
52610000 USD
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
116370000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
122078000 USD
CY2021Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
34510000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
28788000 USD
CY2021Q2 us-gaap Assets Noncurrent
AssetsNoncurrent
1480749000 USD
CY2020Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
1485496000 USD
CY2021Q2 us-gaap Assets
Assets
2044948000 USD
CY2020Q4 us-gaap Assets
Assets
2060839000 USD
CY2021Q2 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
65460000 USD
CY2020Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
61736000 USD
CY2021Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
101744000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
170646000 USD
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
17099000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
15845000 USD
CY2021Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
28870000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
17219000 USD
CY2021Q2 us-gaap Liabilities Current
LiabilitiesCurrent
213173000 USD
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
265446000 USD
CY2021Q2 us-gaap Line Of Credit
LineOfCredit
65000000 USD
CY2020Q4 us-gaap Line Of Credit
LineOfCredit
75000000 USD
CY2021Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
205985000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
187937000 USD
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
114490000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
121922000 USD
CY2021Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
32901000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
36550000 USD
CY2021Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
418376000 USD
CY2020Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
421409000 USD
CY2021Q2 us-gaap Liabilities
Liabilities
631549000 USD
CY2020Q4 us-gaap Liabilities
Liabilities
686855000 USD
CY2021Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2021Q2 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
251469000 USD
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
236987000 USD
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1091976000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1027699000 USD
CY2021Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
11947439 shares
CY2020Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
10174013 shares
CY2021Q2 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
386104000 USD
CY2020Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
324731000 USD
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
20224000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
15171000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
1161930000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1136997000 USD
CY2021Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2044948000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2060839000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
311040000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
360712000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
652213000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
719895000 USD
CY2021Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
132769000 USD
CY2020Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
123583000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
276389000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
238918000 USD
CY2021Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
38115000 USD
CY2020Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
89038000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
82504000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
185198000 USD
CY2021Q2 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
18954000 USD
CY2020Q2 us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
15091000 USD
us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
37549000 USD
us-gaap Communications And Information Technology
CommunicationsAndInformationTechnology
29987000 USD
CY2021Q2 us-gaap Professional Fees
ProfessionalFees
15122000 USD
CY2020Q2 us-gaap Professional Fees
ProfessionalFees
13888000 USD
us-gaap Professional Fees
ProfessionalFees
29759000 USD
us-gaap Professional Fees
ProfessionalFees
27156000 USD
CY2021Q2 us-gaap Occupancy Net
OccupancyNet
11082000 USD
CY2020Q2 us-gaap Occupancy Net
OccupancyNet
10190000 USD
us-gaap Occupancy Net
OccupancyNet
22322000 USD
us-gaap Occupancy Net
OccupancyNet
21961000 USD
CY2021Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
4623000 USD
CY2020Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
3065000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
7447000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
8061000 USD
CY2021Q2 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
898000 USD
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
229231000 USD
CY2020Q2 us-gaap Operating Expenses
OperatingExpenses
263461000 USD
CY2020Q2 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
325000 USD
us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
1195000 USD
us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
3484000 USD
CY2021Q2 us-gaap Other Expenses
OtherExpenses
7668000 USD
CY2020Q2 us-gaap Other Expenses
OtherExpenses
8281000 USD
us-gaap Other Expenses
OtherExpenses
15761000 USD
us-gaap Other Expenses
OtherExpenses
15135000 USD
us-gaap Operating Expenses
OperatingExpenses
472926000 USD
us-gaap Operating Expenses
OperatingExpenses
529900000 USD
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
81809000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
97251000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
179287000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
189995000 USD
CY2021Q2 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
1148000 USD
CY2020Q2 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
1013000 USD
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
1780000 USD
us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
2402000 USD
CY2021Q2 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
6245000 USD
CY2020Q2 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
13828000 USD
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
7624000 USD
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-2012000 USD
CY2021Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
346000 USD
CY2020Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
785000 USD
us-gaap Interest And Debt Expense
InterestAndDebtExpense
837000 USD
us-gaap Interest And Debt Expense
InterestAndDebtExpense
1717000 USD
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-184000 USD
CY2020Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-24000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
161000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8322000 USD
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6863000 USD
CY2020Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
14032000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
8728000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6995000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
88672000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
111283000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
188015000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
196990000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
35193000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26482000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
60190000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
48924000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
53479000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
84801000 USD
us-gaap Profit Loss
ProfitLoss
127825000 USD
us-gaap Profit Loss
ProfitLoss
148066000 USD
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2405000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3605000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2543000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2692000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
55884000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
81196000 USD
us-gaap Net Income Loss
NetIncomeLoss
130368000 USD
us-gaap Net Income Loss
NetIncomeLoss
145374000 USD
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.57
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.81
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.44
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.80
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.31
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.44
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.27
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.27
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.54
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.54
CY2021Q2 us-gaap Profit Loss
ProfitLoss
53479000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
84801000 USD
us-gaap Profit Loss
ProfitLoss
127825000 USD
us-gaap Profit Loss
ProfitLoss
148066000 USD
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
1495000 USD
CY2020Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-713000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
5053000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-25572000 USD
CY2021Q2 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
-868000 USD
CY2020Q2 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
435000 USD
us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
-2298000 USD
us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
11889000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2363000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1148000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7351000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-37461000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
55842000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
83653000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
135176000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
110605000 USD
CY2021Q2 fhi Comprehensive Income Net Of Tax Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToRedeemableNoncontrollingInterest
-1537000 USD
CY2020Q2 fhi Comprehensive Income Net Of Tax Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToRedeemableNoncontrollingInterest
3170000 USD
fhi Comprehensive Income Net Of Tax Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToRedeemableNoncontrollingInterest
-245000 USD
fhi Comprehensive Income Net Of Tax Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToRedeemableNoncontrollingInterest
-9197000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
57379000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
80483000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
135421000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
119802000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
1136997000 USD
CY2021Q1 fhi Equity Profit Loss
EquityProfitLoss
74484000 USD
CY2021Q1 fhi Other Comprehensive Income Loss Net Of Tax Statement Of Shareholders Equity
OtherComprehensiveIncomeLossNetOfTaxStatementOfShareholdersEquity
3558000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
9231000 USD
CY2021Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
26788000 USD
CY2021Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
2670000 USD
CY2021Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
45030000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
1155122000 USD
CY2021Q2 fhi Equity Profit Loss
EquityProfitLoss
55884000 USD
CY2021Q2 fhi Other Comprehensive Income Loss Net Of Tax Statement Of Shareholders Equity
OtherComprehensiveIncomeLossNetOfTaxStatementOfShareholdersEquity
1495000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
7776000 USD
CY2021Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
26550000 USD
CY2021Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
31797000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
1161930000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
1041280000 USD
CY2020Q1 fhi Equity Profit Loss
EquityProfitLoss
64178000 USD
CY2020Q1 fhi Other Comprehensive Income Loss Net Of Tax Statement Of Shareholders Equity
OtherComprehensiveIncomeLossNetOfTaxStatementOfShareholdersEquity
-24859000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
7467000 USD
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
27304000 USD
CY2020Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-1870000 USD
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
15959000 USD
CY2020Q2 fhi Other Comprehensive Income Loss Net Of Tax Statement Of Shareholders Equity
OtherComprehensiveIncomeLossNetOfTaxStatementOfShareholdersEquity
-713000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
1042933000 USD
CY2020Q2 fhi Equity Profit Loss
EquityProfitLoss
81196000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6607000 USD
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
27243000 USD
CY2020Q2 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
2013000 USD
CY2020Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
18126000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
1086667000 USD
us-gaap Profit Loss
ProfitLoss
127825000 USD
us-gaap Profit Loss
ProfitLoss
148066000 USD
us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
434000 USD
us-gaap Amortization Of Deferred Sales Commissions
AmortizationOfDeferredSalesCommissions
770000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
14565000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
14088000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
16976000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
13935000 USD
fhi Share Based Compensation Related Party
ShareBasedCompensationRelatedParty
4999000 USD
fhi Share Based Compensation Related Party
ShareBasedCompensationRelatedParty
4240000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
5163000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-1172000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
18678000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6637000 USD
fhi Consolidation Deconsolidation Of Investment Companies
ConsolidationDeconsolidationOfInvestmentCompanies
11029000 USD
fhi Consolidation Deconsolidation Of Investment Companies
ConsolidationDeconsolidationOfInvestmentCompanies
-3051000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
2442000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-870000 USD
fhi Proceedsfrom Paymentsfor Investments Consolidatedinvestmentcompanies
ProceedsfromPaymentsforInvestmentsConsolidatedinvestmentcompanies
-64399000 USD
fhi Proceedsfrom Paymentsfor Investments Consolidatedinvestmentcompanies
ProceedsfromPaymentsforInvestmentsConsolidatedinvestmentcompanies
4275000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-6933000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
10904000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2504000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
10135000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-67723000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-47938000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-4257000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
31372000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
54951000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
153397000 USD
fhi Purchasesofinvestments Affiliatesandother
PurchasesofinvestmentsAffiliatesandother
5643000 USD
fhi Purchasesofinvestments Affiliatesandother
PurchasesofinvestmentsAffiliatesandother
15508000 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
-2697000 USD
fhi Proceedsfromredemptionsofinvestmentsaffiliatesother
Proceedsfromredemptionsofinvestmentsaffiliatesother
13915000 USD
fhi Proceedsfromredemptionsofinvestmentsaffiliatesother
Proceedsfromredemptionsofinvestmentsaffiliatesother
3905000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3255000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4979000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
5017000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13885000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
53339000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
54559000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
77973000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
32911000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2914000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
10097000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
34394000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
11802000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
100000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
10000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
110000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1978000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1683000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-111810000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-97448000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1826000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-7576000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-50016000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
34488000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
308635000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
249511000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
258619000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
283999000 USD
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
4598000 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
5849000 USD
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
289000 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
310000 USD
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
253732000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
277840000 USD
us-gaap Basis Of Accounting
BasisOfAccounting
Basis of Presentation <div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Federated Hermes, Inc. and its consolidated subsidiaries (collectively, Federated Hermes) provide investment advisory, administrative, distribution and other services to various investment products, including sponsored investment companies, collective funds and other funds (Federated Hermes Funds) and Separate Accounts (which include separately managed accounts, institutional accounts, certain sub-advised funds and other managed products) in both domestic and international markets. In addition, Federated Hermes markets and provides stewardship and real estate development services to various domestic and international companies. The interim Consolidated Financial Statements of Federated Hermes included herein have been prepared in accordance with 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.</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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. </span></div>These financial statements should be read in conjunction with Federated Hermes' Annual Report on Form 10-K for the year ended December 31, 2020. Certain items reported in previous periods have been reclassified to conform to the current period's presentation.
us-gaap Use Of Estimates
UseOfEstimates
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.
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
311040000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
360712000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
652213000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
719895000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
311040000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
360712000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
311040000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
360712000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
652213000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
719895000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
652213000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
719895000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
311040000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
360712000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
652213000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
719895000 USD
us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
Generally, contracts are billed in arrears on a quarterly basis and have a three year duration, after which the customer can terminate the agreement with notice, generally from three to 12 months.
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
8037000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
5528000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
3067000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1951000 USD
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
18583000 USD
CY2021Q2 fhi Voluntary Yield Related Fee Waivers
VoluntaryYieldRelatedFeeWaivers
117800000 USD
fhi Voluntary Yield Related Fee Waivers
VoluntaryYieldRelatedFeeWaivers
200900000 USD
CY2021Q2 fhi Decrease In Distribution Expenses
DecreaseInDistributionExpenses
-71000000.0 USD
fhi Decrease In Distribution Expenses
DecreaseInDistributionExpenses
-132500000 USD
CY2021Q2 fhi Fee Waivers Net Of Distribution Expenses
FeeWaiversNetOfDistributionExpenses
46800000 USD
fhi Fee Waivers Net Of Distribution Expenses
FeeWaiversNetOfDistributionExpenses
68400000 USD
CY2020Q2 fhi Voluntary Yield Related Fee Waivers
VoluntaryYieldRelatedFeeWaivers
19700000 USD
fhi Voluntary Yield Related Fee Waivers
VoluntaryYieldRelatedFeeWaivers
20100000 USD
CY2020Q2 fhi Decrease In Distribution Expenses
DecreaseInDistributionExpenses
-17700000 USD
fhi Decrease In Distribution Expenses
DecreaseInDistributionExpenses
-18000000.0 USD
CY2020Q2 fhi Fee Waivers Net Of Distribution Expenses
FeeWaiversNetOfDistributionExpenses
2000000.0 USD
fhi Fee Waivers Net Of Distribution Expenses
FeeWaiversNetOfDistributionExpenses
2100000 USD
CY2021Q2 fhi Fee Waivers
FeeWaivers
245000000.0 USD
fhi Fee Waivers
FeeWaivers
446100000 USD
CY2020Q2 fhi Fee Waivers
FeeWaivers
184900000 USD
fhi Fee Waivers
FeeWaivers
315400000 USD
CY2021Q2 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
6245000 USD
CY2020Q2 us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
13828000 USD
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
7624000 USD
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
-2012000 USD
CY2021Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
11800000 USD
CY2021Q2 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
7200000 USD
CY2021Q2 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
4600000 USD
us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
-2200000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6900000 USD
fhi Intangible Assets Foreign Currency Translation Gain Loss
IntangibleAssetsForeignCurrencyTranslationGainLoss
4000000.0 USD
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
1700000 USD
CY2017Q2 fhi Number Of Banks As Lenders
NumberOfBanksAsLenders
10 bank
CY2017Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
375000000 USD
CY2017Q2 fhi Line Of Credit Facility Accordion Feature
LineOfCreditFacilityAccordionFeature
200000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
10000000 USD
CY2021Q2 us-gaap Line Of Credit
LineOfCredit
65000000 USD
CY2020Q4 us-gaap Line Of Credit
LineOfCredit
75000000 USD
CY2021Q2 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.01224
CY2020Q4 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.01277
us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.00125
CY2021Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
310000000 USD
CY2021Q2 fhi Line Of Credit Facility Accordion Feature
LineOfCreditFacilityAccordionFeature
200000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
717924 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1134581 shares
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
76800000 USD
CY2021Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
10966089 shares
CY2020Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
8439747 shares
CY2020Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
10174013 shares
CY2019Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
8375077 shares
CY2021Q2 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
11750 shares
CY2020Q2 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
56750 shares
us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
724674 shares
us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
706331 shares
CY2021Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
993100 shares
CY2020Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
843416 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2498100 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1557667 shares
CY2021Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
11947439 shares
CY2020Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
9226413 shares
CY2021Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
11947439 shares
CY2020Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
9226413 shares
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
55884000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
81196000 USD
us-gaap Net Income Loss
NetIncomeLoss
130368000 USD
us-gaap Net Income Loss
NetIncomeLoss
145374000 USD
CY2021Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
2356000 USD
CY2020Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
3171000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
5378000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
5568000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
53528000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
78025000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
124990000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
139806000 USD
CY2021Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
572000 USD
CY2020Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
307000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
831000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
395000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
52956000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
77718000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
124159000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
139411000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93964000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93964000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
96800000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
96800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94588000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94588000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97073000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
97073000 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.57
CY2020Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
236987000 USD
CY2021Q1 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-138000 USD
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.81
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.44
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.80
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.31
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.44
CY2021Q2 fhi Carried Interest Subject To Clawback Provisions
CarriedInterestSubjectToClawbackProvisions
11000000 USD
CY2021Q1 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
1430000 USD
CY2021Q1 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
25762000 USD
CY2021Q1 fhi Temporary Equity Consolidation Deconsolidation
TemporaryEquityConsolidationDeconsolidation
-16237000 USD
CY2021Q1 fhi Temporary Equity Stock Issued During Period Value Share Based Compensation Net Of Forfeitures
TemporaryEquityStockIssuedDuringPeriodValueShareBasedCompensationNetOfForfeitures
2481000 USD
CY2021Q1 fhi Temporary Equity Decreasefrom Distributionsto Noncontrolling Interest Holders
TemporaryEquityDecreasefromDistributionstoNoncontrollingInterestHolders
1898000 USD
CY2021Q1 fhi Temporary Equity Change In Redemption Value
TemporaryEquityChangeInRedemptionValue
-2670000 USD
CY2021Q1 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
245717000 USD
CY2021Q2 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-2405000 USD
CY2021Q2 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
868000 USD
CY2021Q2 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
899962000 USD
CY2021Q2 fhi Temporary Equity Consolidation Deconsolidation
TemporaryEquityConsolidationDeconsolidation
-894175000 USD
CY2021Q2 fhi Temporary Equity Stock Issued During Period Value Share Based Compensation Net Of Forfeitures
TemporaryEquityStockIssuedDuringPeriodValueShareBasedCompensationNetOfForfeitures
2518000 USD
CY2021Q2 fhi Temporary Equity Decreasefrom Distributionsto Noncontrolling Interest Holders
TemporaryEquityDecreasefromDistributionstoNoncontrollingInterestHolders
1016000 USD
CY2021Q2 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
251469000 USD
CY2019Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
212086000 USD
CY2020Q1 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-913000 USD
CY2020Q1 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
-11454000 USD
CY2020Q1 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
5577000 USD
CY2020Q1 fhi Temporary Equity Consolidation Deconsolidation
TemporaryEquityConsolidationDeconsolidation
-4019000 USD
CY2020Q1 fhi Temporary Equity Stock Issued During Period Value Share Based Compensation Net Of Forfeitures
TemporaryEquityStockIssuedDuringPeriodValueShareBasedCompensationNetOfForfeitures
2153000 USD
CY2020Q1 fhi Temporary Equity Decreasefrom Distributionsto Noncontrolling Interest Holders
TemporaryEquityDecreasefromDistributionstoNoncontrollingInterestHolders
6039000 USD
CY2020Q1 fhi Temporary Equity Change In Redemption Value
TemporaryEquityChangeInRedemptionValue
1870000 USD
CY2020Q1 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
199261000 USD
CY2020Q2 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
3605000 USD
CY2020Q2 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
-435000 USD
CY2020Q2 us-gaap Temporary Equity Stock Issued During Period Value New Issues
TemporaryEquityStockIssuedDuringPeriodValueNewIssues
6225000 USD
CY2020Q2 fhi Temporary Equity Stock Issued During Period Value Share Based Compensation Net Of Forfeitures
TemporaryEquityStockIssuedDuringPeriodValueShareBasedCompensationNetOfForfeitures
2087000 USD
CY2020Q2 fhi Temporary Equity Decreasefrom Distributionsto Noncontrolling Interest Holders
TemporaryEquityDecreasefromDistributionstoNoncontrollingInterestHolders
4058000 USD
CY2020Q2 fhi Temporary Equity Change In Redemption Value
TemporaryEquityChangeInRedemptionValue
-2013000 USD
CY2020Q2 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
204672000 USD
fhi Temporary Equity Contribution From Noncontrolling Interests In Subsidiaries
TemporaryEquityContributionFromNoncontrollingInterestsInSubsidiaries
892100000 USD
CY2017Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
375000000 USD

Files In Submission

Name View Source Status
0001628280-21-015334-index-headers.html Edgar Link pending
0001628280-21-015334-index.html Edgar Link pending
0001628280-21-015334.txt Edgar Link pending
0001628280-21-015334-xbrl.zip Edgar Link pending
exhibit101-fourthamendedan.htm Edgar Link pending
exhibit311-20210630.htm Edgar Link pending
exhibit312-20210630.htm Edgar Link pending
exhibit32-20210630.htm Edgar Link pending
fhi-20210630.htm Edgar Link pending
fhi-20210630.xsd Edgar Link pending
fhi-20210630_cal.xml Edgar Link unprocessable
fhi-20210630_def.xml Edgar Link unprocessable
fhi-20210630_htm.xml Edgar Link completed
fhi-20210630_lab.xml Edgar Link unprocessable
fhi-20210630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending