XML 27 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Investment advisory and services fees $ 1,772,257 $ 1,916,419 $ 2,051,692
Bernstein research services 413,707 437,414 430,521
Distribution revenues 401,706 351,621 338,597
Dividend and interest income 21,286 21,499 22,902
Investment gains (losses) 29,202 (82,081) (1,410)
Other revenues 101,801 107,569 109,803
Total revenues 2,739,959 2,752,441 2,952,105
Less: Interest expense 3,222 2,550 3,548
Net revenues 2,736,737 2,749,891 2,948,557
Employee compensation and benefits:      
Employee compensation and benefits 1,168,645 1,246,898 1,320,495
Long-term incentive compensation charge 0 587,131 0
Promotion and servicing:      
Distribution-related payments 367,090 302,684 286,676
Amortization of deferred sales commissions 40,262 37,675 47,397
Other 202,191 219,197 193,822
General and administrative:      
General and administrative 508,364 533,578 516,185
Real estate charges 223,038 7,235 101,698
Interest on borrowings 3,429 2,545 2,078
Amortization of intangible assets 21,353 21,417 21,344
Total expenses 2,534,372 2,958,360 2,489,695
Operating income (loss) 202,365 (208,469) 458,862
Non-operating income 0 0 6,760
Income (loss) before income taxes 202,365 (208,469) 465,622
Income tax expense 13,764 3,098 38,523
Net income (loss) 188,601 (211,567) 427,099
Net (loss) income of consolidated entities attributable to non-controlling interests (315) (36,799) (15,320)
Net income (loss) attributable to AllianceBernstein Unitholders $ 188,916 $ (174,768) $ 442,419
Net income (loss) per AllianceBernstein Unit:      
Basic (in dollars per share) $ 0.67 $ (0.62) $ 1.59
Diluted (in dollars per share) $ 0.67 $ (0.62) $ 1.58