SEIC FY 2013 Earnings Report — SEI Investments Company Revenue & Financial Results | Market Cap Arena

SEI Investments CompanySEIC

FY 2013 Earnings

Reported February 27, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$1.1B	—	$993M	—	13.5%
Op. Income	$248M	—	$212M	—	17.4%
Gross Margin	52.5%	—	50.4%	—	2.0pp
Net Margin	25.6%	—	20.8%	—	4.7pp
EPS (Diluted)	$1.64	—	$1.18	—	39.0%
Free Cash Flow	$295M	—	$203M	—	45.2%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$535M
GROSS PROFIT	$591M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$169M
SG&A Expenses	$169M
Other Expenses	$173M
Operating Expenses	$342M
Cost & Expenses	$878M
OPERATING INCOME	$248M
Interest Income	$3M
Interest Expense	$535.0K
Other Income/Expenses	$187M
INCOME BEFORE TAX	$435M
Income Tax Expense	$147M
Net Income from Continuing Ops	$288M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$288M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$288M
D&A	$57M
EBIT	$248M
EBITDA	$306M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$535M
GROSS PROFIT	$591M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$169M
SG&A Expenses	$169M
Other Expenses	$173M
Operating Expenses	$342M
Cost & Expenses	$878M
OPERATING INCOME	$248M
Interest Income	$3M
Interest Expense	$535.0K
Other Income/Expenses	$187M
INCOME BEFORE TAX	$435M
Income Tax Expense	$147M
Net Income from Continuing Ops	$288M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$288M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$288M
D&A	$57M
EBIT	$248M
EBITDA	$306M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$288M
Depreciation & Amortization	$57M
Stock-Based Compensation	$38M
Deferred Income Tax	-$23M
Other Non-Cash Items	-$6M
Change in Working Capital	-$4M
OPERATING CASH FLOW	$351M
Capital Expenditure	-$56M
Acquisitions (Net)	$6M
Purchases of Investments	-$60M
Sales/Maturities of Investments	$48M
Other Investing Activities	-$46M
NET CASH FROM INVESTING	-$62M
Net Debt Issuance	$0
Common Stock Repurchased	-$207M
Common Dividends Paid	-$34M
Other Financing Activities	$12M
NET CASH FROM FINANCING	-$163M
FREE CASH FLOW	$295M
Net Change in Cash	$126M

Balance Sheet

Item	Amount
Cash & Equivalents	$578M
Short-Term Investments	$21M
Net Receivables	$226M
Inventory	$0
Other Current Assets	$22M
TOTAL CURRENT ASSETS	$847M
PP&E (Net)	$119M
Goodwill	$0
Intangible Assets	$313M
Long-Term Investments	$150M
Tax Assets	$0
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$592M
TOTAL ASSETS	$1.4B
Account Payables	$16M
Short-Term Debt	$0
Deferred Revenue	$2M
Other Current Liabilities	$81M
TOTAL CURRENT LIABILITIES	$208M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$67M
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$75M
TOTAL LIABILITIES	$283M
Common Stock	$2M
Additional Paid-In Capital	$721M
Retained Earnings	$432M
Treasury Stock	$0
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$0
Net Debt	-$578M