SEIC FY 2014 Earnings Report — SEI Investments Company Revenue & Financial Results | Market Cap Arena

SEI Investments CompanySEIC

FY 2014 Earnings

Reported February 23, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.1B	—	12.4%
Op. Income	$353M	—	$248M	—	42.0%
Gross Margin	53.9%	—	52.5%	—	1.5pp
Net Margin	25.2%	—	25.6%	—	-0.4pp
EPS (Diluted)	$1.85	—	$1.64	—	12.8%
Free Cash Flow	$311M	—	$295M	—	5.4%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$583M
GROSS PROFIT	$683M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$150M
SG&A Expenses	$150M
Other Expenses	$180M
Operating Expenses	$330M
Cost & Expenses	$913M
OPERATING INCOME	$353M
Interest Income	$3M
Interest Expense	$458.0K
Other Income/Expenses	$137M
INCOME BEFORE TAX	$490M
Income Tax Expense	$171M
Net Income from Continuing Ops	$319M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$319M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$319M
D&A	$61M
EBIT	$353M
EBITDA	$415M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$583M
GROSS PROFIT	$683M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$150M
SG&A Expenses	$150M
Other Expenses	$180M
Operating Expenses	$330M
Cost & Expenses	$913M
OPERATING INCOME	$353M
Interest Income	$3M
Interest Expense	$458.0K
Other Income/Expenses	$137M
INCOME BEFORE TAX	$490M
Income Tax Expense	$171M
Net Income from Continuing Ops	$319M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$319M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$319M
D&A	$61M
EBIT	$353M
EBITDA	$415M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$319M
Depreciation & Amortization	$61M
Stock-Based Compensation	$13M
Deferred Income Tax	-$3M
Other Non-Cash Items	-$3M
Change in Working Capital	-$13M
OPERATING CASH FLOW	$375M
Capital Expenditure	-$63M
Acquisitions (Net)	$6M
Purchases of Investments	-$59M
Sales/Maturities of Investments	$63M
Other Investing Activities	-$301.0K
NET CASH FROM INVESTING	-$53M
Net Debt Issuance	$0
Common Stock Repurchased	-$276M
Common Dividends Paid	-$74M
Other Financing Activities	$20M
NET CASH FROM FINANCING	-$225M
FREE CASH FLOW	$311M
Net Change in Cash	$89M

Balance Sheet

Item	Amount
Cash & Equivalents	$667M
Short-Term Investments	$21M
Net Receivables	$243M
Inventory	$0
Other Current Assets	$24M
TOTAL CURRENT ASSETS	$955M
PP&E (Net)	$126M
Goodwill	$0
Intangible Assets	$309M
Long-Term Investments	$136M
Tax Assets	$0
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$587M
TOTAL ASSETS	$1.5B
Account Payables	$11M
Short-Term Debt	$0
Deferred Revenue	$2M
Other Current Liabilities	$43M
TOTAL CURRENT LIABILITIES	$221M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$65M
Other Non-Current Liabilities	$10M
TOTAL NON-CURRENT LIABILITIES	$74M
TOTAL LIABILITIES	$295M
Common Stock	$2M
Additional Paid-In Capital	$835M
Retained Earnings	$420M
Treasury Stock	$0
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$0
Net Debt	-$667M