FEDERATED HERMES, INC.
For the period ended Sep 30, 2026. Filed Oct 30, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 30, 2026
FHI$65.53+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
| Consolidated Statements of Cash Flows | ||
|---|---|---|
| (dollars in thousands) | ||
| (unaudited) | ||
| Nine Months Ended | ||
| September 30, | ||
| 2026 | 2025 | |
| Operating Activities | ||
| Net Income Including the Noncontrolling Interests in Subsidiaries | $313,639 | $306,662 |
| Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities | ||
| Depreciation and Amortization | 19,767 | 16,686 |
| Share-Based Compensation Expense | 24,458 | 23,178 |
| (Gain) Loss on Disposal of Assets | (6,697) | (6,077) |
| Provision (Benefit) for Deferred Income Taxes | (3,828) | 19,948 |
| Consolidation/(Deconsolidation) of Other Entities | 0 | (7,845) |
| Net Unrealized (Gain) Loss on Investments | (1,937) | (13,730) |
| Net Sales (Purchases) of Investments—Consolidated Investment Companies | (64,447) | (144,529) |
| Other Changes in Assets and Liabilities: | ||
| (Increase) Decrease in Receivables, net | 807 | (8,472) |
| (Increase) Decrease in Prepaid Expenses and Other Assets | 7,270 | (39,412) |
| Increase (Decrease) in Accounts Payable and Accrued Expenses | (36,494) | (41,011) |
| Increase (Decrease) in Other Liabilities | (8,631) | 30,747 |
| Net Cash Provided (Used) by Operating Activities | 243,907 | 136,145 |
| Investing Activities | ||
| Purchases of Investments—Affiliates and Other | (8,930) | (5,608) |
| Cash Paid for Business Acquisitions, Net of Cash Acquired | (213,288) | (12,755) |
| Proceeds from Redemptions of Investments—Affiliates and Other | 15,000 | 15,485 |
| Cash Paid for Property and Equipment | (19,980) | (3,188) |
| Other Investing Activities | 0 | (6,028) |
| Net Cash Provided (Used) by Investing Activities | (227,198) | (12,094) |
| Financing Activities | ||
| Dividends Paid | (83,103) | (78,516) |
| Purchases of Treasury Stock | (186,127) | (185,676) |
| Distributions to Noncontrolling Interests in Subsidiaries | (26,535) | (33,313) |
| Contributions from Noncontrolling Interests in Subsidiaries | 71,196 | 158,100 |
| Other Financing Activities | 320 | 8 |
| Net Cash Provided (Used) by Financing Activities | (224,249) | (139,397) |
| Effect of Exchange Rates on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | (2,578) | 14,550 |
| Net Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | (210,118) | (796) |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period | 584,381 | 507,567 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period | 374,263 | 506,771 |
| Less: Restricted Cash and Restricted Cash Equivalents Recorded in Other Long-Term Assets | 599 | 492 |
| Cash and Cash Equivalents | $373,664 | $506,279 |
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