SEIC FY 2019 Earnings Report — SEI Investments Company Revenue & Financial Results | Market Cap Arena

SEI Investments CompanySEIC

FY 2019 Earnings

Reported February 24, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.6B	—	1.6%
Op. Income	$460M	—	$442M	—	4.2%
Gross Margin	55.8%	—	55.4%	—	0.4pp
Net Margin	30.4%	—	31.1%	—	-0.8pp
EPS (Diluted)	$3.24	—	$3.14	—	3.2%
Free Cash Flow	$468M	—	$515M	—	-9.2%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$729M
GROSS PROFIT	$921M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$219M
SG&A Expenses	$219M
Other Expenses	$241M
Operating Expenses	$460M
Cost & Expenses	$1.2B
OPERATING INCOME	$460M
Interest Income	$17M
Interest Expense	$630.0K
Other Income/Expenses	$171M
INCOME BEFORE TAX	$631M
Income Tax Expense	$130M
Net Income from Continuing Ops	$501M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$501M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$501M
D&A	$81M
EBIT	$460M
EBITDA	$541M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$729M
GROSS PROFIT	$921M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$219M
SG&A Expenses	$219M
Other Expenses	$241M
Operating Expenses	$460M
Cost & Expenses	$1.2B
OPERATING INCOME	$460M
Interest Income	$17M
Interest Expense	$630.0K
Other Income/Expenses	$171M
INCOME BEFORE TAX	$631M
Income Tax Expense	$130M
Net Income from Continuing Ops	$501M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$501M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$501M
D&A	$81M
EBIT	$460M
EBITDA	$541M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$501M
Depreciation & Amortization	$81M
Stock-Based Compensation	$25M
Deferred Income Tax	-$3M
Other Non-Cash Items	-$22M
Change in Working Capital	-$36M
OPERATING CASH FLOW	$545M
Capital Expenditure	-$77M
Acquisitions (Net)	-$34M
Purchases of Investments	-$175M
Sales/Maturities of Investments	$171M
Other Investing Activities	$37M
NET CASH FROM INVESTING	-$78M
Net Debt Issuance	$0
Common Stock Repurchased	-$346M
Common Dividends Paid	-$101M
Other Financing Activities	-$433.0K
NET CASH FROM FINANCING	-$387M
FREE CASH FLOW	$468M
Net Change in Cash	$87M

Balance Sheet

Item	Amount
Cash & Equivalents	$841M
Short-Term Investments	$33M
Net Receivables	$395M
Inventory	$0
Other Current Assets	$35M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$204M
Goodwill	$64M
Intangible Assets	$324M
Long-Term Investments	$190M
Tax Assets	$3M
Other Non-Current Assets	$61M
TOTAL NON-CURRENT ASSETS	$847M
TOTAL ASSETS	$2.2B
Account Payables	$4M
Short-Term Debt	$0
Deferred Revenue	$7M
Other Current Liabilities	$106M
TOTAL CURRENT LIABILITIES	$294M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$56M
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$119M
TOTAL LIABILITIES	$413M
Common Stock	$1M
Additional Paid-In Capital	$1.2B
Retained Earnings	$602M
Treasury Stock	$0
Accum. Other Comp. Income	-$24M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$48M
Net Debt	-$794M