SEIC FY 2012 Earnings Report — SEI Investments Company Revenue & Financial Results | Market Cap Arena

SEI Investments CompanySEIC

FY 2012 Earnings

Reported February 22, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$993M	—	$930M	—	6.8%
Op. Income	$212M	—	$204M	—	3.7%
Gross Margin	50.4%	—	51.9%	—	-1.5pp
Net Margin	20.8%	—	22.0%	—	-1.2pp
EPS (Diluted)	$1.18	—	$1.11	—	6.3%
Free Cash Flow	$203M	—	$204M	—	-0.2%

Revenue Flow

Item	Amount
REVENUE	$993M
Cost of Revenue	$492M
GROSS PROFIT	$501M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$126M
SG&A Expenses	$126M
Other Expenses	$163M
Operating Expenses	$289M
Cost & Expenses	$781M
OPERATING INCOME	$212M
Interest Income	$6M
Interest Expense	$504.0K
Other Income/Expenses	$118M
INCOME BEFORE TAX	$329M
Income Tax Expense	$121M
Net Income from Continuing Ops	$208M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$207M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$207M
D&A	$56M
EBIT	$330M
EBITDA	$386M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$993M
Cost of Revenue	$492M
GROSS PROFIT	$501M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$126M
SG&A Expenses	$126M
Other Expenses	$163M
Operating Expenses	$289M
Cost & Expenses	$781M
OPERATING INCOME	$212M
Interest Income	$6M
Interest Expense	$504.0K
Other Income/Expenses	$118M
INCOME BEFORE TAX	$329M
Income Tax Expense	$121M
Net Income from Continuing Ops	$208M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$207M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$207M
D&A	$56M
EBIT	$330M
EBITDA	$386M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$208M
Depreciation & Amortization	$56M
Stock-Based Compensation	$16M
Deferred Income Tax	-$1M
Other Non-Cash Items	-$16M
Change in Working Capital	-$5M
OPERATING CASH FLOW	$257M
Capital Expenditure	-$54M
Acquisitions (Net)	$31M
Purchases of Investments	-$37M
Sales/Maturities of Investments	$108M
Other Investing Activities	-$31M
NET CASH FROM INVESTING	$17M
Net Debt Issuance	$0
Common Stock Repurchased	-$158M
Common Dividends Paid	-$135M
Other Financing Activities	$583.0K
NET CASH FROM FINANCING	-$243M
FREE CASH FLOW	$203M
Net Change in Cash	$31M

Balance Sheet

Item	Amount
Cash & Equivalents	$452M
Short-Term Investments	$20M
Net Receivables	$203M
Inventory	$0
Other Current Assets	$26M
TOTAL CURRENT ASSETS	$701M
PP&E (Net)	$128M
Goodwill	$0
Intangible Assets	$307M
Long-Term Investments	$159M
Tax Assets	$0
Other Non-Current Assets	$14M
TOTAL NON-CURRENT ASSETS	$608M
TOTAL ASSETS	$1.3B
Account Payables	$11M
Short-Term Debt	$0
Deferred Revenue	$2M
Other Current Liabilities	$71M
TOTAL CURRENT LIABILITIES	$152M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$93M
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$100M
TOTAL LIABILITIES	$252M
Common Stock	$2M
Additional Paid-In Capital	$624M
Retained Earnings	$406M
Treasury Stock	$0
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$19M
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$0
Net Debt	-$452M