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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited) Quarterly Financial Data (Unaudited)
 
Quarters Ended 2020
 December 31September 30June 30March 31
 (in thousands, except per unit amounts)
Equity in net income attributable to AB Unitholders$101,415 $73,874 $63,201 $69,914 
Net income$93,196 $66,999 $56,926 $62,259 
Basic net income per unit(1)
$0.97 $0.70 $0.59 $0.63 
Diluted net income per unit(1)
$0.97 $0.70 $0.59 $0.63 
Cash distributions per unit(2)(3)
$0.97 $0.69 $0.61 $0.64 
Quarters Ended 2019
December 31September 30June 30March 31
(in thousands, except per unit amounts)
Equity in net income attributable to AB Unitholders$87,909 $66,722 $59,023 $52,638 
Net income$80,022 $59,828 $52,274 $46,439 
Basic net income per unit(1)
$0.84 $0.62 $0.54 $0.49 
Diluted net income per unit(1)
$0.84 $0.62 $0.54 $0.49 
Cash distributions per unit(2)(3)
$0.85 $0.63 $0.56 $0.49 
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(1)Basic and diluted net income per unit are computed independently for each of the periods presented. Accordingly, the sum of the quarterly net income per unit amounts may not agree to the total for the year.
(2)Declared and paid during the following quarter.
(3)Cash distributions reflect the impact of AB’s non-GAAP adjustments.