SEIC FY 2021 Earnings Report — SEI Investments Company Revenue & Financial Results | Market Cap Arena

SEI Investments CompanySEIC

FY 2021 Earnings

Reported February 22, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.7B	—	13.9%
Op. Income	$553M	—	$446M	—	24.1%
Gross Margin	56.7%	—	56.2%	—	0.5pp
Net Margin	28.5%	—	26.6%	—	1.9pp
EPS (Diluted)	$3.81	—	$3.00	—	27.0%
Free Cash Flow	$581M	—	$410M	—	41.6%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$830M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$265M
SG&A Expenses	$265M
Other Expenses	$270M
Operating Expenses	$535M
Cost & Expenses	$1.4B
OPERATING INCOME	$553M
Interest Income	$4M
Interest Expense	$563.0K
Other Income/Expenses	$140M
INCOME BEFORE TAX	$694M
Income Tax Expense	$147M
Net Income from Continuing Ops	$547M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$547M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$547M
D&A	$93M
EBIT	$553M
EBITDA	$647M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$830M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$265M
SG&A Expenses	$265M
Other Expenses	$270M
Operating Expenses	$535M
Cost & Expenses	$1.4B
OPERATING INCOME	$553M
Interest Income	$4M
Interest Expense	$563.0K
Other Income/Expenses	$140M
INCOME BEFORE TAX	$694M
Income Tax Expense	$147M
Net Income from Continuing Ops	$547M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$547M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$547M
D&A	$93M
EBIT	$553M
EBITDA	$647M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$547M
Depreciation & Amortization	$93M
Stock-Based Compensation	$41M
Deferred Income Tax	-$8M
Other Non-Cash Items	-$6M
Change in Working Capital	-$34M
OPERATING CASH FLOW	$633M
Capital Expenditure	-$53M
Acquisitions (Net)	-$80M
Purchases of Investments	-$216M
Sales/Maturities of Investments	$195M
Other Investing Activities	-$11M
NET CASH FROM INVESTING	-$165M
Net Debt Issuance	$40M
Common Stock Repurchased	-$408M
Common Dividends Paid	-$106M
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$422M
FREE CASH FLOW	$581M
Net Change in Cash	$44M

Balance Sheet

Item	Amount
Cash & Equivalents	$831M
Short-Term Investments	$28M
Net Receivables	$501M
Inventory	$0
Other Current Assets	$44M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$212M
Goodwill	$117M
Intangible Assets	$312M
Long-Term Investments	$244M
Tax Assets	$3M
Other Non-Current Assets	$61M
TOTAL NON-CURRENT ASSETS	$950M
TOTAL ASSETS	$2.4B
Account Payables	$10M
Short-Term Debt	$0
Deferred Revenue	$10M
Other Current Liabilities	$122M
TOTAL CURRENT LIABILITIES	$356M
Long-Term Debt	$40M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$49M
Other Non-Current Liabilities	$22M
TOTAL NON-CURRENT LIABILITIES	$138M
TOTAL LIABILITIES	$494M
Common Stock	$1M
Additional Paid-In Capital	$1.2B
Retained Earnings	$633M
Treasury Stock	$0
Accum. Other Comp. Income	-$20M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$79M
Net Debt	-$752M