SEIC FY 2018 Earnings Report — SEI Investments Company Revenue & Financial Results | Market Cap Arena

SEI Investments CompanySEIC

FY 2018 Earnings

Reported February 25, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.5B	—	6.4%
Op. Income	$442M	—	$397M	—	11.3%
Gross Margin	55.4%	—	55.0%	—	0.4pp
Net Margin	31.1%	—	26.5%	—	4.7pp
EPS (Diluted)	$3.14	—	$2.49	—	26.1%
Free Cash Flow	$515M	—	$373M	—	38.0%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$724M
GROSS PROFIT	$900M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$225M
SG&A Expenses	$225M
Other Expenses	$233M
Operating Expenses	$458M
Cost & Expenses	$1.2B
OPERATING INCOME	$442M
Interest Income	$13M
Interest Expense	$645.0K
Other Income/Expenses	$172M
INCOME BEFORE TAX	$614M
Income Tax Expense	$108M
Net Income from Continuing Ops	$506M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$506M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$506M
D&A	$78M
EBIT	$442M
EBITDA	$519M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$724M
GROSS PROFIT	$900M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$225M
SG&A Expenses	$225M
Other Expenses	$233M
Operating Expenses	$458M
Cost & Expenses	$1.2B
OPERATING INCOME	$442M
Interest Income	$13M
Interest Expense	$645.0K
Other Income/Expenses	$172M
INCOME BEFORE TAX	$614M
Income Tax Expense	$108M
Net Income from Continuing Ops	$506M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$506M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$506M
D&A	$78M
EBIT	$442M
EBITDA	$519M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$506M
Depreciation & Amortization	$78M
Stock-Based Compensation	$24M
Deferred Income Tax	$6M
Other Non-Cash Items	-$3M
Change in Working Capital	-$22M
OPERATING CASH FLOW	$588M
Capital Expenditure	-$73M
Acquisitions (Net)	-$6M
Purchases of Investments	-$203M
Sales/Maturities of Investments	$168M
Other Investing Activities	-$9M
NET CASH FROM INVESTING	-$123M
Net Debt Issuance	-$30M
Common Stock Repurchased	-$407M
Common Dividends Paid	-$94M
Other Financing Activities	$88M
NET CASH FROM FINANCING	-$444M
FREE CASH FLOW	$515M
Net Change in Cash	$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$755M
Short-Term Investments	$31M
Net Receivables	$365M
Inventory	$0
Other Current Assets	$40M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$146M
Goodwill	$64M
Intangible Assets	$341M
Long-Term Investments	$169M
Tax Assets	$2M
Other Non-Current Assets	$58M
TOTAL NON-CURRENT ASSETS	$781M
TOTAL ASSETS	$2.0B
Account Payables	$11M
Short-Term Debt	$0
Deferred Revenue	$5M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$296M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$58M
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$83M
TOTAL LIABILITIES	$379M
Common Stock	$2M
Additional Paid-In Capital	$1.1B
Retained Earnings	$518M
Treasury Stock	$0
Accum. Other Comp. Income	-$33M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$0
Net Debt	-$755M