SEIC FY 2020 Earnings Report — SEI Investments Company Revenue & Financial Results | Market Cap Arena

SEI Investments CompanySEIC

FY 2020 Earnings

Reported February 22, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.6B	—	2.1%
Op. Income	$446M	—	$460M	—	-3.2%
Gross Margin	56.2%	—	55.8%	—	0.4pp
Net Margin	26.6%	—	30.4%	—	-3.8pp
EPS (Diluted)	$3.00	—	$3.24	—	-7.4%
Free Cash Flow	$410M	—	$468M	—	-12.4%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$738M
GROSS PROFIT	$946M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$255M
SG&A Expenses	$255M
Other Expenses	$245M
Operating Expenses	$500M
Cost & Expenses	$1.2B
OPERATING INCOME	$446M
Interest Income	$7M
Interest Expense	$609.0K
Other Income/Expenses	$123M
INCOME BEFORE TAX	$569M
Income Tax Expense	$121M
Net Income from Continuing Ops	$447M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$447M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$447M
D&A	$84M
EBIT	$446M
EBITDA	$530M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$738M
GROSS PROFIT	$946M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$255M
SG&A Expenses	$255M
Other Expenses	$245M
Operating Expenses	$500M
Cost & Expenses	$1.2B
OPERATING INCOME	$446M
Interest Income	$7M
Interest Expense	$609.0K
Other Income/Expenses	$123M
INCOME BEFORE TAX	$569M
Income Tax Expense	$121M
Net Income from Continuing Ops	$447M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$447M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$447M
D&A	$84M
EBIT	$446M
EBITDA	$530M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$447M
Depreciation & Amortization	$84M
Stock-Based Compensation	$27M
Deferred Income Tax	-$1M
Other Non-Cash Items	$5M
Change in Working Capital	-$73M
OPERATING CASH FLOW	$489M
Capital Expenditure	-$79M
Acquisitions (Net)	-$24M
Purchases of Investments	-$143M
Sales/Maturities of Investments	$156M
Other Investing Activities	$23M
NET CASH FROM INVESTING	-$67M
Net Debt Issuance	$0
Common Stock Repurchased	-$427M
Common Dividends Paid	-$104M
Other Financing Activities	-$633.0K
NET CASH FROM FINANCING	-$482M
FREE CASH FLOW	$410M
Net Change in Cash	-$57M

Balance Sheet

Item	Amount
Cash & Equivalents	$785M
Short-Term Investments	$34M
Net Receivables	$440M
Inventory	$0
Other Current Assets	$42M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$227M
Goodwill	$64M
Intangible Assets	$295M
Long-Term Investments	$210M
Tax Assets	$3M
Other Non-Current Assets	$66M
TOTAL NON-CURRENT ASSETS	$866M
TOTAL ASSETS	$2.2B
Account Payables	$8M
Short-Term Debt	$0
Deferred Revenue	$1M
Other Current Liabilities	$114M
TOTAL CURRENT LIABILITIES	$317M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$55M
Other Non-Current Liabilities	$21M
TOTAL NON-CURRENT LIABILITIES	$110M
TOTAL LIABILITIES	$427M
Common Stock	$1M
Additional Paid-In Capital	$1.2B
Retained Earnings	$565M
Treasury Stock	$0
Accum. Other Comp. Income	-$17M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$43M
Net Debt	-$742M