SEIC FY 2017 Earnings Report — SEI Investments Company Revenue & Financial Results | Market Cap Arena

SEI Investments CompanySEIC

FY 2017 Earnings

Reported February 22, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.4B	—	8.9%
Op. Income	$397M	—	$376M	—	5.7%
Gross Margin	55.0%	—	54.5%	—	0.5pp
Net Margin	26.5%	—	23.8%	—	2.7pp
EPS (Diluted)	$2.49	—	$2.03	—	22.7%
Free Cash Flow	$373M	—	$343M	—	8.7%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$687M
GROSS PROFIT	$840M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$223M
SG&A Expenses	$223M
Other Expenses	$220M
Operating Expenses	$443M
Cost & Expenses	$1.1B
OPERATING INCOME	$397M
Interest Income	$7M
Interest Expense	$781.0K
Other Income/Expenses	$160M
INCOME BEFORE TAX	$557M
Income Tax Expense	$153M
Net Income from Continuing Ops	$404M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$404M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$404M
D&A	$76M
EBIT	$397M
EBITDA	$474M
EPS	$3
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$687M
GROSS PROFIT	$840M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$223M
SG&A Expenses	$223M
Other Expenses	$220M
Operating Expenses	$443M
Cost & Expenses	$1.1B
OPERATING INCOME	$397M
Interest Income	$7M
Interest Expense	$781.0K
Other Income/Expenses	$160M
INCOME BEFORE TAX	$557M
Income Tax Expense	$153M
Net Income from Continuing Ops	$404M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$404M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$404M
D&A	$76M
EBIT	$397M
EBITDA	$474M
EPS	$3
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$404M
Depreciation & Amortization	$76M
Stock-Based Compensation	$36M
Deferred Income Tax	-$21M
Other Non-Cash Items	-$16M
Change in Working Capital	-$19M
OPERATING CASH FLOW	$460M
Capital Expenditure	-$87M
Acquisitions (Net)	-$80M
Purchases of Investments	-$70M
Sales/Maturities of Investments	$66M
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$172M
Net Debt Issuance	$30M
Common Stock Repurchased	-$248M
Common Dividends Paid	-$89M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$254M
FREE CASH FLOW	$373M
Net Change in Cash	$49M

Balance Sheet

Item	Amount
Cash & Equivalents	$744M
Short-Term Investments	$22M
Net Receivables	$339M
Inventory	$0
Other Current Assets	$35M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$146M
Goodwill	$53M
Intangible Assets	$339M
Long-Term Investments	$154M
Tax Assets	$3M
Other Non-Current Assets	$19M
TOTAL NON-CURRENT ASSETS	$714M
TOTAL ASSETS	$1.9B
Account Payables	$5M
Short-Term Debt	$0
Deferred Revenue	$5M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$275M
Long-Term Debt	$30M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$48M
Other Non-Current Liabilities	$23M
TOTAL NON-CURRENT LIABILITIES	$101M
TOTAL LIABILITIES	$377M
Common Stock	$2M
Additional Paid-In Capital	$1.0B
Retained Earnings	$467M
Treasury Stock	$0
Accum. Other Comp. Income	-$20M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$30M
Net Debt	-$714M