SEIC FY 2008 Earnings Report — SEI Investments Company Revenue & Financial Results | Market Cap Arena

SEI Investments CompanySEIC

FY 2008 Earnings

Reported February 25, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.4B	—	-8.8%
Op. Income	$496M	—	$594M	—	-16.4%
Gross Margin	61.4%	—	61.5%	—	-0.1pp
Net Margin	11.2%	—	19.0%	—	-7.8pp
EPS (Diluted)	$0.71	—	$1.28	—	-44.5%
Free Cash Flow	$206M	—	$267M	—	-22.7%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$482M
GROSS PROFIT	$766M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$223M
Other Expenses	$47M
Operating Expenses	$270M
Cost & Expenses	$752M
OPERATING INCOME	$496M
Interest Income	$14M
Interest Expense	$3M
Other Income/Expenses	-$142M
INCOME BEFORE TAX	$354M
Income Tax Expense	$87M
Net Income from Continuing Ops	$268M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$139M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$139M
D&A	$47M
EBIT	$358M
EBITDA	$405M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$482M
GROSS PROFIT	$766M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$223M
Other Expenses	$47M
Operating Expenses	$270M
Cost & Expenses	$752M
OPERATING INCOME	$496M
Interest Income	$14M
Interest Expense	$3M
Other Income/Expenses	-$142M
INCOME BEFORE TAX	$354M
Income Tax Expense	$87M
Net Income from Continuing Ops	$268M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$139M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$139M
D&A	$47M
EBIT	$358M
EBITDA	$405M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$139M
Depreciation & Amortization	$47M
Stock-Based Compensation	$16M
Deferred Income Tax	-$35M
Other Non-Cash Items	-$46M
Change in Working Capital	$163M
OPERATING CASH FLOW	$285M
Capital Expenditure	-$78M
Acquisitions (Net)	-$3M
Purchases of Investments	-$62M
Sales/Maturities of Investments	$61M
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$86M
Net Debt Issuance	-$20M
Common Stock Repurchased	-$129M
Common Dividends Paid	-$29M
Other Financing Activities	$7M
NET CASH FROM FINANCING	-$143M
FREE CASH FLOW	$206M
Net Change in Cash	$56M

Balance Sheet

Item	Amount
Cash & Equivalents	$417M
Short-Term Investments	$0
Net Receivables	$208M
Inventory	$0
Other Current Assets	$115M
TOTAL CURRENT ASSETS	$740M
PP&E (Net)	$148M
Goodwill	$23M
Intangible Assets	$53M
Long-Term Investments	$87M
Tax Assets	$0
Other Non-Current Assets	$21M
TOTAL NON-CURRENT ASSETS	$602M
TOTAL ASSETS	$1.3B
Account Payables	$12M
Short-Term Debt	$7M
Deferred Revenue	$2M
Other Current Liabilities	$174M
TOTAL CURRENT LIABILITIES	$330M
Long-Term Debt	$24M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$105M
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$133M
TOTAL LIABILITIES	$463M
Common Stock	$2M
Additional Paid-In Capital	$486M
Retained Earnings	$290M
Treasury Stock	$0
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$766M
Minority Interest	$110M
TOTAL EQUITY	$879M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$32M
Net Debt	-$385M