Below are the financial statements of Federated Hermes, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in thousands of USD | 2024 | 2023 |
|---|---|---|
| Current assets | — | — |
| Cash and cash equivalents | 504,441b | 383,180b |
| Investments - consolidated investment companies | 82,441b | 70,543b |
| Investments - affiliates and other | 54,160b | 106,952b |
| Receivables, net | 69,903b | 75,721b |
| Receivables - affiliates | 36,317b | 48,694b |
| Prepaid expenses | 29,294b | 29,739b |
| Other current assets | 4,796b | 5,900b |
| Total current assets | 781,352b | 720,729b |
| Long-term assets | — | — |
| Goodwill | 804,818b | 807,156b |
| Intangible assets, net | 327,881b | 409,449b |
| Property and equipment, net | 25,565b | 30,711b |
| Right-of-use assets, net | 104,710b | 99,265b |
| Other long-term assets | 40,358b | 34,534b |
| Total long-term assets | 1,303,332b | 1,381,115b |
| Total assets | 2,084,684b | 2,101,844b |
| Current liabilities | — | — |
| Accounts payable and accrued expenses | 100,012b | 88,290b |
| Accrued compensation and benefits | 157,068b | 158,392b |
| Lease liabilities | 16,695b | 16,283b |
| Other current liabilities | 15,418b | 24,378b |
| Total current liabilities | 289,193b | 287,343b |
| Long-term liabilities | — | — |
| Long-term debt | 348,106b | 347,843b |
| Long-term deferred tax liability, net | 170,957b | 186,292b |
| Long-term lease liabilities | 97,166b | 93,816b |
| Other long-term liabilities | 28,542b | 32,453b |
| Total long-term liabilities | 644,771b | 660,404b |
| Total liabilities | 933,964b | 947,747b |
| Redeemable noncontrolling interests in subsidiaries | 55,514b | 25,845b |
| Common stock | — | — |
| Class A | 189b | 189b |
| Class B | 503,335b | 474,814b |
| Federated Hermes, Inc. shareholders’ equity | — | — |
| Additional paid-in capital from treasury stock transactions | 0b | 2b |
| Retained earnings | 1,256,603b | 1,194,561b |
| Treasury stock, at cost, Class B common stock | -632,838b | -521,403b |
| Accumulated other comprehensive income (loss), net of tax | -32,083b | -19,911b |
| Total permanent equity | 1,095,206b | 1,128,252b |
| Total liabilities, temporary equity and permanent equity | 2,084,684b | 2,101,844b |
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