XML 121 R38.htm IDEA: XBRL DOCUMENT v3.22.4
Revenue Recognition (Tables)
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenues
Revenues for the years ended December 31, 2022, 2021 and 2020 consisted of the following:
Years Ended December 31
202220212020
(in thousands)
Subject to contracts with customers:
Investment advisory and services fees
Base fees$2,825,791 $2,949,405 $2,462,810 
Performance-based fees145,247 245,119 132,626 
Bernstein research services416,273 452,017 459,744 
Distribution revenues
All-in-management fees290,740 350,674 331,268 
12b-1 fees69,041 83,920 75,973 
Other distribution fees247,414 217,646 122,540 
Other revenues
Shareholder servicing fees86,661 90,225 82,317 
Other18,120 16,034 21,240 
4,099,287 4,405,040 3,688,518 
Not subject to contracts with customers:
Dividend and interest income, net of interest expense56,653 35,048 35,273 
Investment (losses) (102,413)(636)(16,401)
Other revenues763 2,150 1,146 
(44,997)36,562 20,018 
Total net revenues$4,054,290 $4,441,602 $3,708,536