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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Revenue subject to contracts with customers $ 841,442 $ 781,519 $ 2,497,449 $ 2,274,467
Dividend and interest income 21,942 17,619 71,351 51,023
Investment gains (losses) 565 18,808 26,860 68,122
Other revenues 24,012 24,902 76,548 71,532
Total revenues 864,651 818,863 2,598,848 2,396,578
Less: Interest expense 14,475 6,713 36,147 17,198
Net revenues 850,176 812,150 2,562,701 2,379,380
Expenses:        
Employee compensation and benefits 357,442 329,777 1,059,515 979,387
Promotion and servicing:        
Distribution-related payments 106,372 106,106 322,827 300,951
Amortization of deferred sales commissions 4,651 7,629 17,362 25,015
Trade execution, marketing, T&E and other 50,793 50,266 164,095 155,993
General and administrative:        
General and administrative 107,526 128,712 337,596 360,395
Real estate (credit) charges (155) 18,655 6,490 39,400
Contingent payment arrangements 52 (140) 157 215
Interest on borrowings 2,711 2,105 7,952 6,227
Amortization of intangible assets 6,965 7,013 20,753 20,921
Total expenses 636,357 650,123 1,936,747 1,888,504
Operating income 213,819 162,027 625,954 490,876
Income taxes 9,419 4,547 32,782 24,869
Net income 204,400 157,480 593,172 466,007
Net income of consolidated entities attributable to non-controlling interests 726 16,526 23,637 50,013
Net income attributable to AB Unitholders $ 203,674 $ 140,954 $ 569,535 $ 415,994
Net income per AB Unit:        
Basic (in dollars per unit) $ 0.75 $ 0.53 $ 2.09 $ 1.54
Diluted (in dollars per unit) $ 0.75 $ 0.52 $ 2.09 $ 1.54
Investment advisory and services fees        
Revenues:        
Revenue subject to contracts with customers $ 610,063 $ 543,107 $ 1,782,287 $ 1,572,560
Bernstein research services        
Revenues:        
Revenue subject to contracts with customers 103,581 108,385 324,192 330,596
Distribution revenues        
Revenues:        
Revenue subject to contracts with customers $ 104,488 $ 106,042 $ 317,610 $ 302,745