SEIC FY 2011 Earnings Report — SEI Investments Company Revenue & Financial Results | Market Cap Arena

SEI Investments CompanySEIC

FY 2011 Earnings

Reported February 27, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$930M	—	$901M	—	3.2%
Op. Income	$204M	—	$218M	—	-6.2%
Gross Margin	51.9%	—	52.9%	—	-1.0pp
Net Margin	22.0%	—	25.7%	—	-3.7pp
EPS (Diluted)	$1.11	—	$1.22	—	-9.0%
Free Cash Flow	$204M	—	$177M	—	15.1%

Revenue Flow

Item	Amount
REVENUE	$930M
Cost of Revenue	$447M
GROSS PROFIT	$483M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$127M
SG&A Expenses	$127M
Other Expenses	$151M
Operating Expenses	$279M
Cost & Expenses	$726M
OPERATING INCOME	$204M
Interest Income	$6M
Interest Expense	$585.0K
Other Income/Expenses	$114M
INCOME BEFORE TAX	$318M
Income Tax Expense	$112M
Net Income from Continuing Ops	$207M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$205M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$205M
D&A	$49M
EBIT	$319M
EBITDA	$368M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$930M
Cost of Revenue	$447M
GROSS PROFIT	$483M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$127M
SG&A Expenses	$127M
Other Expenses	$151M
Operating Expenses	$279M
Cost & Expenses	$726M
OPERATING INCOME	$204M
Interest Income	$6M
Interest Expense	$585.0K
Other Income/Expenses	$114M
INCOME BEFORE TAX	$318M
Income Tax Expense	$112M
Net Income from Continuing Ops	$207M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$205M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$205M
D&A	$49M
EBIT	$319M
EBITDA	$368M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$207M
Depreciation & Amortization	$49M
Stock-Based Compensation	$14M
Deferred Income Tax	$1M
Other Non-Cash Items	-$378.0K
Change in Working Capital	-$13M
OPERATING CASH FLOW	$257M
Capital Expenditure	-$53M
Acquisitions (Net)	-$41M
Purchases of Investments	-$81M
Sales/Maturities of Investments	$105M
Other Investing Activities	$39M
NET CASH FROM INVESTING	-$32M
Net Debt Issuance	-$95M
Common Stock Repurchased	-$209M
Common Dividends Paid	-$22M
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$300M
FREE CASH FLOW	$204M
Net Change in Cash	-$75M

Balance Sheet

Item	Amount
Cash & Equivalents	$421M
Short-Term Investments	$21M
Net Receivables	$168M
Inventory	$0
Other Current Assets	$25M
TOTAL CURRENT ASSETS	$635M
PP&E (Net)	$439M
Goodwill	$0
Intangible Assets	$309M
Long-Term Investments	$200M
Tax Assets	$0
Other Non-Current Assets	$13M
TOTAL NON-CURRENT ASSETS	$660M
TOTAL ASSETS	$1.3B
Account Payables	$2M
Short-Term Debt	$0
Deferred Revenue	$2M
Other Current Liabilities	$54M
TOTAL CURRENT LIABILITIES	$151M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$94M
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$102M
TOTAL LIABILITIES	$253M
Common Stock	$2M
Additional Paid-In Capital	$578M
Retained Earnings	$444M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$16M
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$0
Net Debt	-$421M