FHI FY 2021 Earnings Report — Federated Hermes, Inc. Revenue & Financial Results | Market Cap Arena

Federated Hermes, Inc.FHI

FY 2021 Earnings

Reported February 25, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.3B	—	—	—	—
Op. Income	$366M	—	—	—	—
Gross Margin	59.1%	—	—	—	—
Net Margin	20.8%	—	—	—	—
EPS (Diluted)	$2.75	—	—	—	—
Free Cash Flow	$160M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$532M
GROSS PROFIT	$768M
R&D Expenses	$0
Selling & Marketing	$182M
General & Administrative	$186M
SG&A Expenses	$368M
Other Expenses	$34M
Operating Expenses	$402M
Cost & Expenses	$934M
OPERATING INCOME	$366M
Interest Income	$3M
Interest Expense	$2M
Other Income/Expenses	$10M
INCOME BEFORE TAX	$376M
Income Tax Expense	$104M
Net Income from Continuing Ops	$272M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$270M
Net Income Deductions	$2M
BOTTOM LINE NET INCOME	$258M
D&A	$30M
EBIT	$366M
EBITDA	$396M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$532M
GROSS PROFIT	$768M
R&D Expenses	$0
Selling & Marketing	$182M
General & Administrative	$186M
SG&A Expenses	$368M
Other Expenses	$34M
Operating Expenses	$402M
Cost & Expenses	$934M
OPERATING INCOME	$366M
Interest Income	$3M
Interest Expense	$2M
Other Income/Expenses	$10M
INCOME BEFORE TAX	$376M
Income Tax Expense	$104M
Net Income from Continuing Ops	$272M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$270M
Net Income Deductions	$2M
BOTTOM LINE NET INCOME	$258M
D&A	$30M
EBIT	$366M
EBITDA	$396M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$272M
Depreciation & Amortization	$30M
Stock-Based Compensation	$40M
Deferred Income Tax	$19M
Other Non-Cash Items	-$178M
Change in Working Capital	-$13M
OPERATING CASH FLOW	$170M
Capital Expenditure	-$10M
Acquisitions (Net)	$27M
Purchases of Investments	-$9M
Sales/Maturities of Investments	$144M
Other Investing Activities	-$140M
NET CASH FROM INVESTING	$11M
Net Debt Issuance	$148M
Common Stock Repurchased	-$228M
Common Dividends Paid	-$106M
Other Financing Activities	-$64M
NET CASH FROM FINANCING	-$249M
FREE CASH FLOW	$160M
Net Change in Cash	-$71M

Balance Sheet

Item	Amount
Cash & Equivalents	$233M
Short-Term Investments	$193M
Net Receivables	$96M
Inventory	$0
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$559M
PP&E (Net)	$155M
Goodwill	$799M
Intangible Assets	$471M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$33M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$2.0B
Account Payables	$64M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$27M
TOTAL CURRENT LIABILITIES	$271M
Long-Term Debt	$223M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$242M
TOTAL NON-CURRENT LIABILITIES	$570M
TOTAL LIABILITIES	$841M
Common Stock	$449M
Additional Paid-In Capital	$0
Retained Earnings	$1.2B
Treasury Stock	-$538M
Accum. Other Comp. Income	$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$63M
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$346M
Net Debt	$113M