← FEDERATED HERMES, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $208.9m | $291.3m | $220.3m | $272.3m | $326.4m | $270.3m | $239.5m | $299.0m | $268.3m | $403.3m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $201.3m | $279.9m | $211.7m | $262.1m | $313.6m | $259.0m | $227.7m | $285.0m | $256.7m | $385.2m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $221.5m | $294.9m | $222.3m | $277.1m | $336.0m | $272.3m | $234.6m | $304.8m | $268.4m | $414.1m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $12.6m | $3.6m | $2.0m | $4.8m | $9.7m | $2.0m | ($4.9m) | $5.8m | $116k | $10.8m | |
| Depreciation, Depletion and Amortization | $9.7m | $10.6m | $17.1m | $25.9m | $28.6m | $30.0m | $28.1m | $26.8m | $22.4m | $22.3m | |
| Amortization of Intangible Assets | $1.0m | — | $6.2m | $7.5m | $13.8m | $13.8m | $12.5m | $13.9m | $13.0m | $13.7m | |
| Depreciation | — | $11.1m | $12.9m | $16.5m | $16.0m | $15.4m | $15.1m | $13.0m | $9.1m | $8.3m | |
| Deferred Income Tax Expense (Benefit) | $17.5m | ($59.3m) | $12.3m | $7.5m | $18.2m | $19.0m | ($18.7m) | $4.3m | ($14.9m) | $10.8m | |
| Share-based Payment Arrangement, Noncash Expense | $22.4m | $22.5m | $23.9m | $25.1m | $26.7m | $30.3m | $34.8m | $33.9m | $28.8m | $29.1m | |
| Goodwill, Impairment Loss | — | $0 | $0 | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | $0 | $0 | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | $0 | $0 | — | — | — | $31.5m | $0 | $66.3m | $0 | |
| Gain (Loss) on Disposition of Assets | ($1.1m) | $7.2m | ($298k) | $1.1m | ($1.4m) | $7.0m | ($4.8m) | ($260k) | $1.6m | $10.3m | |
| Income Tax Expense (Benefit) | $119.4m | $57.1m | $73.9m | $88.1m | $110.0m | $104.0m | $71.7m | $106.6m | $113.2m | $133.4m | |
| Other Nonoperating Income (Expense) | $60k | ($42k) | ($29.8m) | $13.0m | $8.4m | ($900k) | $222k | $562k | $139k | ($36k) | |
| Additional Financial Items | |||||||||||
| Gain (Loss) on Investments | ($4.6m) | ($889k) | $4.3m | ($6.9m) | ($19.4m) | ($2.0m) | ($28.7m) | $13.2m | $6.6m | $21.1m | |
| Goodwill | $659.2m | $660.0m | $809.6m | $774.5m | $800.3m | $798.9m | $800.4m | $807.2m | $804.8m | $852.1m | |
| Nonoperating Income (Expense) | $5.3m | $10.5m | ($34.1m) | $17.3m | $27.9m | $10.0m | ($30.6m) | $23.8m | $20.1m | $33.6m | |
| Operating Expenses | $807.7m | $761.4m | $805.4m | $979.0m | $1.0b | $934.2m | $1.1b | $1.2b | $1.3b | $1.3b | |
| Unrealized Gain (Loss) on Investments | ($4.6m) | ($889k) | ($4.3m) | $6.9m | $19.4m | $2.0m | ($24.4m) | $13.4m | $3.9m | $10.8m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $0 | $0 | — | — | — | — | — | — | — | — | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | — | — | ($18.1m) | ($2.0m) | |
| Net Cash Provided by (Used in) Operating Activities | $252.8m | $270.4m | $206.3m | $334.9m | $373.2m | $170.4m | $323.9m | $311.8m | $346.6m | $297.3m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $12.8m | $9.8m | $17.3m | $15.0m | $13.5m | $10.4m | $4.4m | $7.9m | $4.0m | $2.8m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $4.4m | $170.4m | ($785k) | ($2.7m) | $0 | $28.1m | $0 | $0 | $12.8m | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | $0 | $0 | — | — | — | $4.1m | $6.0m | |
| Net Cash Provided by (Used in) Investing Activities | ($8.2m) | $118.0m | ($174.4m) | ($94.7m) | ($24.8m) | $10.8m | ($32.4m) | ($30.6m) | $64.3m | $2.0m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | — | $488.3m | $0 | $0 | — | |
| Payments for Repurchase of Common Stock | $81.8m | $48.6m | $29.2m | $15.7m | $66.8m | $228.3m | $218.1m | $177.1m | $137.6m | $262.8m | |
| Payments of Ordinary Dividends, Common Stock | $205.5m | $101.5m | $106.9m | $109.1m | $207.8m | $105.8m | $97.9m | $98.1m | $184.8m | $104.9m | |
| Proceeds from Noncontrolling Interests | $17.9m | $4.7m | $2.8m | $9.4m | $21.0m | $107.6m | $55.2m | $72.8m | $69.1m | $163.9m | |
| Payments of Dividends | $205.5m | $101.5m | $106.9m | $109.1m | $207.8m | $105.8m | $97.9m | $98.1m | $184.8m | $104.9m | |
| Proceeds from (Payments for) Other Financing Activities | $0 | — | ($678k) | $0 | ($1.8m) | ($532k) | ($8.3m) | $1.3m | $1.4m | $1.3m | |
| Net Cash Provided by (Used in) Financing Activities | ($312.4m) | ($176.9m) | ($186.1m) | ($152.7m) | ($295.1m) | ($249.5m) | ($168.5m) | ($243.1m) | ($286.4m) | ($237.9m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $0 | $0 | ($5.1m) | $4.5m | $5.8m | ($2.3m) | ($20.2m) | $7.9m | ($3.8m) | $15.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $0 | $0 | ($159.4m) | $92.1m | $59.1m | ($70.6m) | $102.9m | $46.0m | $120.6m | $76.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $0 | $0 | $157.4m | $249.5m | $308.6m | $238.1m | $341.0m | $387.0m | $507.6m | $584.4m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $3.5m | $4.1m | $5.3m | $4.6m | $2.4m | $1.1m | $7.2m | $11.6m | $11.6m | $11.8m | |
| Income Taxes Paid, Net | $104.6m | $118.4m | $61.6m | $72.6m | $98.7m | $91.9m | $85.6m | $108.6m | $125.9m | $124.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.