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Alliancebernstein L.P. (1109448) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Alliancebernstein L.P.

CIK: 1109448
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Andrea Prochniak, Investors and Media
212.756.4542
andrea.prochniak@AllianceBernstein.com



ALLIANCEBERNSTEIN HOLDING L.P. ANNOUNCES THIRD QUARTER RESULTS
GAAP Diluted Net Income of $0.68 per Unit
Adjusted Diluted Net Income of $0.69 per Unit
Cash Distribution of $0.69 per Unit


New York, NY, October 24, 2018 - AllianceBernstein L.P. (“AB”) and AllianceBernstein Holding L.P. (“AB Holding”) (NYSE: AB) today reported financial and operating results for the quarter ended September 30, 2018.
“Results from this quarter reflect relentless execution of our long-term strategy.” said Seth P. Bernstein, President and CEO of AllianceBernstein. “Our portfolio fee rate increased by nearly 2% year-on-year, thanks largely to continued growth in alternatives and active equities. Active net inflows of $2.5 billion in the quarter were led by equity net inflows of $2.9 billion and essentially flat fixed income net flows represented a $5.5 billion sequential improvement. Adjusted operating income and adjusted earnings per unit were up 31% and 35%, respectively, year-on-year.”
(US $ Thousands except per Unit amounts)
3Q 2018
 
3Q 2017
 
3Q 2018 vs 3Q 2017 % Change
 
2Q 2018
 
3Q 2018 vs 2Q 2018 % Change
 
 
 
 
 
 
 
 
 
 
U.S. GAAP Financial Measures
 
 
 
 
 
 
 
 
 
Net revenues
$
850,176

 
$
812,150

 
4.7
%
 
$
844,738

 
0.6
%
Operating income
$
213,819

 
$
162,027

 
32.0
%
 
$
189,464

 
12.9
%
Operating margin
25.1
%
 
17.9
%
 
720 bps

 
22.4
%
 
270 bps

AB Holding Diluted EPU
$
0.68

 
$
0.46

 
47.8
%
 
$
0.59

 
15.3
%
 
 
 
 
 
 
 
 
 
 
Adjusted Financial Measures (1)
 
 
 
 
 
 
 
 
 
Net revenues (2)
$
727,143

 
$
662,742

 
9.7
%
 
$
719,692

 
1.0
%
Operating income
$
215,758

 
$
165,393

 
30.5
%
 
$
196,744

 
9.7
%
Operating margin (2)
29.7
%
 
25.0
%
 
470 bps

 
27.3
%
 
240 bps

AB Holding Diluted EPU
$
0.69

 
$
0.51

 
35.3
%
 
$
0.62

 
11.3
%
AB Holding cash distribution per Unit
$
0.69

 
$
0.51

 
35.3
%
 
$
0.62

 
11.3
%
 
 
 
 
 
 
 
 
 
 
(US $ Billions)
 
 
 
 
 
 
 
 
 
Assets Under Management
 
 
 
 
 
 
 
 
 
Ending AUM
$
550.4

 
$
534.9

 
2.9
%
 
$
539.8

 
2.0
%
Average AUM
$
546.9

 
$
526.6

 
3.9
%
 
$
542.2

 
0.9
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) The adjusted financial measures are all non-GAAP financial measures. See page 11 for reconciliations of GAAP Financial Results to Adjusted Financial Results and pages 12-13 for notes describing the adjustments.
(2) Prior period adjusted net revenues and operating margin have been revised due to a GAAP reclassification of certain promotion and servicing expenses that impacted adjusted revenues previously presented.

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The following information was filed by Alliancebernstein L.P. on Wednesday, October 24, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Financial Condition
Condensed Consolidated Statements Of Financial Condition (Parenthetical)
Condensed Consolidated Statements Of Income
Business Description Organization And Basis Of Presentation
Business Description Organization And Basis Of Presentation (Details)
Business Description Organization And Basis Of Presentation (Policies)
Business Description Organization And Basis Of Presentation (Tables)
Cash And Securities Segregated Under Federal Regulations And Other Requirements
Cash And Securities Segregated Under Federal Regulations And Other Requirements (Details)
Cash Distributions
Cash Distributions (Details)
Changes In Capital
Changes In Capital (Details)
Changes In Capital (Tables)
Commitments And Contingencies
Consolidated Company-Sponsored Investment Funds
Consolidated Company-Sponsored Investment Funds (Change In Carrying Value Associated With Level 3 Financial Instruments) (Details)
Consolidated Company-Sponsored Investment Funds (Details)
Consolidated Company-Sponsored Investment Funds (Fair Value) (Details)
Consolidated Company-Sponsored Investment Funds (Offsetting Of Derivative Assets And Liabilities) (Details)
Consolidated Company-Sponsored Investment Funds (Summary Of Balance Sheet Amounts) (Details)
Consolidated Company-Sponsored Investment Funds (Tables)
Debt
Debt (Details)
Derivative Instruments
Derivative Instruments (Details)
Derivative Instruments (Gains And Losses For Derivative Instruments Recognized In Investment Gains (Losses)) (Details)
Derivative Instruments (Notional Value And Fair Value Of Derivative Instruments) (Details)
Derivative Instruments (Tables)
Fair Value
Fair Value (Change In Carrying Value Associated With Contingent Payment Arrangements Level 3 Instruments) (Details)
Fair Value (Change In Carrying Value Of Level 3 Financial Instruments) (Details)
Fair Value (Details)
Fair Value (Tables)
Fair Value (Valuation Of Financial Instruments) (Details)
Investments
Investments (Gains (Losses) Related To Equity Securities) (Details)
Investments (Summary Of Investments) (Details)
Investments (Tables)
Long-Term Incentive Compensation Plans
Long-Term Incentive Compensation Plans (Details)
Net Income Per Unit
Net Income Per Unit (Details)
Net Income Per Unit (Tables)
Non-Controlling Interests
Non-Controlling Interests (Details)
Non-Controlling Interests (Tables)
Offsetting Assets And Liabilities
Offsetting Assets And Liabilities (Offsetting Assets) (Details)
Offsetting Assets And Liabilities (Offsetting Liabilities) (Details)
Offsetting Assets And Liabilities (Tables)
Real Estate Charges
Real Estate Charges (Details)
Real Estate Charges (Tables)
Revenue Recognition
Revenue Recognition (Details)
Revenue Recognition (Tables)
Revenue Recognition - Additional Information (Details)
Significant Accounting Policies
Significant Accounting Policies (Details)
Units Outstanding
Units Outstanding (Details)
Units Outstanding (Tables)

Material Contracts, Statements, Certifications & more

Alliancebernstein L.P. provided additional information to their SEC Filing as exhibits

CIK: 1109448
Form Type: 10-Q Quarterly Report
Accession Number: 0001109448-18-000058
Submitted to the SEC: Wed Oct 24 2018 6:58:11 AM EST
Accepted by the SEC: Wed Oct 24 2018
Period: Sunday, September 30, 2018
Industry: Investment Advice

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