XML 182 R31.htm IDEA: XBRL DOCUMENT v3.24.0.1
Business Segment Information
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
Management has assessed the requirements of ASC 280, Segment Reporting, and determined that, because we utilize a consolidated approach to assess performance and allocate resources, we have only one operating segment. Enterprise-wide disclosures as of and for the years ended December 31, 2023, 2022 and 2021 were as follows:
Services
Net revenues derived from our investment management, research and related services were as follows:
Years Ended December 31
202320222021
(in thousands)
Institutions$666,670 $659,983 $587,017 
Retail1,926,020 2,000,908 2,223,829 
Private Wealth Management1,052,843 1,004,003 1,126,142 
Bernstein Research Services386,142 416,273 452,017 
Other231,189 39,561 56,283 
Total revenues4,262,864 4,120,728 4,445,288 
Less: Interest expense107,541 66,438 3,686 
Net revenues$4,155,323 $4,054,290 $4,441,602 
No individual fund accounted for more than 10% of our investment advisory and service fees and our net revenues during 2023, 2022 and 2021.
Geographic Information
Net revenues and long-lived assets, related to our U.S. and international operations, as of and for the years ended December 31, were as follows:
202320222021
(in thousands)
Net revenues:
United States$2,527,498 $2,381,958 $2,558,592 
International1,627,825 1,672,332 1,883,010 
Total $4,155,323 $4,054,290 $4,441,602 
Long-lived assets:   
United States$4,073,198 $4,067,991 
International53,670 72,466 
Total$4,126,868 $4,140,457 
Major Customers
No single customer or individual client accounted for more than 10% of our total revenues for the years ended December 31, 2023, 2022 and 2021.