Federated Investors, Inc. (FII) financial statements (2021 and earlier)

Company profile

Business Address 1001 LIBERTY AVENUE
PITTSBURGH, PA 15222
State of Incorp. PA
Fiscal Year End December 31
SIC 6282 - Investment Advice (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments302249157316236314297
Cash and cash equivalents302249157316105173115
Short-term investments    131142182
Restricted cash and investments6      
Receivables1471409553453440
Prepaid expense22171712101113
Other current assets8223454
Other undisclosed current assets895434536632(12)
Total current assets:575461304437360396342
Noncurrent Assets
Operating lease, right-of-use asset122101
Property, plant and equipment53525338393639
Intangible assets, net (including goodwill), including:1,2821,2211,149737733734734
Goodwill800775810660659659659
Intangible assets, net (excluding goodwill)48244634077748081
Other undisclosed intangible assets, net (including goodwill)     (5)(6)
Other noncurrent assets29463720232126
Total noncurrent assets:1,4851,4191,240794795791798
TOTAL ASSETS:2,0611,8801,5441,2311,1551,1871,141
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:17113711475754435
Employee-related liabilities17113711475757676
Other undisclosed accounts payable and accrued liabilities     (32)(41)
Debt 14  262626
Business combination, contingent consideration, liability8      
Other liabilities171111781413
Other undisclosed current liabilities69695648547676
Total current liabilities:265231181129163159149
Noncurrent Liabilities
Long-term debt and lease obligation122108 170166191217
Long-term debt, excluding current maturities   170166191217
Operating lease, liability122108
Liabilities, other than long-term debt22918940141200179161
Deferred tax liabilities, net 118177159141
Deferred income tax liabilities188165
Other liabilities37234024232020
Business combination, contingent consideration, liability5      
Other undisclosed noncurrent liabilities71100283    
Total noncurrent liabilities:421396323311365370378
Total liabilities:687627504440528529527
Stockholders' equity
Stockholders' equity attributable to parent, including:1,137649490761595648609
Treasury stock, value(325)(281)(287)(279)(255)(192)(165)
Accumulated other comprehensive income (loss)15(0)(15)1152
Retained earnings1,028930792697530546505
Other undisclosed stockholders' equity attributable to parent419  342320289268
Stockholders' equity attributable to noncontrolling interest    110
Other undisclosed stockholders' equity237392367    
Total stockholders' equity:1,3741,041857761596649610
Other undisclosed liabilities and equity 212183303194
TOTAL LIABILITIES AND EQUITY:2,0611,8801,5441,2311,1551,1871,141

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,4481,3271,1361,1031,143927859
Financial services revenue335329315319
Cost of revenue     (249)(204)
Gross profit:1,4481,3271,1361,1031,143677655
Operating expenses(1,030)(979)(805)(761)(808)(398)(417)
Other operating expense, net
(Other Expenses)
     (17)(25)
Other undisclosed operating income     1725
Operating income:418348330342336279238
Nonoperating income (expense)2817(34)105(5)1
Investment income, nonoperating4467756
Other nonoperating income (expense)813(30)(0)0(0)(0)
Interest and debt expense(3)(5)(6)(5)(4)(4)(10)
Income from continuing operations before equity method investments, income taxes:443360290347337271230
Other undisclosed income from continuing operations before income taxes35654410
Income from continuing operations before income taxes:446365296352341275239
Income tax expense(110)(88)(74)(57)(119)(103)(90)
Net income:336277222295222172150
Net loss attributable to noncontrolling interest(10)(5)(2)(4)(13)(2)(1)
Net income attributable to parent:326272220291209170149
Other undisclosed net loss available to common stockholders, basic(13)(10)(9)(11)(8)(7)(6)
Net income available to common stockholders, basic:314262212280201163143
Other undisclosed net loss available to common stockholders, diluted(2)(1)(1)    
Net income available to common stockholders, diluted:311261211280201163143

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:336277222295222172150
Other comprehensive income (loss)2221(20)(0)4(3)(0)
Comprehensive income:358298202295226169149
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(10)(5)(2)(4)(13)(3)0
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(7)(7)6 01(1)
Comprehensive income, net of tax, attributable to parent:342287206291213167149

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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