SEIC FY 2022 Earnings Report — SEI Investments Company Revenue & Financial Results | Market Cap Arena

SEI Investments CompanySEIC

FY 2022 Earnings

Reported February 21, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$2.0B	—	$1.9B	—	3.8%
Op. Income	$476M	—	$553M	—	-14.0%
Gross Margin	52.5%	—	56.7%	—	-4.2pp
Net Margin	23.9%	—	28.5%	—	-4.6pp
EPS (Diluted)	$3.46	—	$3.81	—	-9.2%
Free Cash Flow	$492M	—	$581M	—	-15.3%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$946M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$281M
SG&A Expenses	$281M
Other Expenses	$288M
Operating Expenses	$570M
Cost & Expenses	$1.5B
OPERATING INCOME	$476M
Interest Income	$13M
Interest Expense	$749.0K
Other Income/Expenses	$134M
INCOME BEFORE TAX	$609M
Income Tax Expense	$134M
Net Income from Continuing Ops	$475M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$475M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$475M
D&A	$88M
EBIT	$476M
EBITDA	$561M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$946M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$281M
SG&A Expenses	$281M
Other Expenses	$288M
Operating Expenses	$570M
Cost & Expenses	$1.5B
OPERATING INCOME	$476M
Interest Income	$13M
Interest Expense	$749.0K
Other Income/Expenses	$134M
INCOME BEFORE TAX	$609M
Income Tax Expense	$134M
Net Income from Continuing Ops	$475M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$475M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$475M
D&A	$88M
EBIT	$476M
EBITDA	$561M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$475M
Depreciation & Amortization	$88M
Stock-Based Compensation	$39M
Deferred Income Tax	-$46M
Other Non-Cash Items	-$10M
Change in Working Capital	$19M
OPERATING CASH FLOW	$566M
Capital Expenditure	-$74M
Acquisitions (Net)	$0
Purchases of Investments	-$178M
Sales/Maturities of Investments	$161M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$90M
Net Debt Issuance	-$40M
Common Stock Repurchased	-$345M
Common Dividends Paid	-$110M
Other Financing Activities	-$868.0K
NET CASH FROM FINANCING	-$437M
FREE CASH FLOW	$492M
Net Change in Cash	$22M

Balance Sheet

Item	Amount
Cash & Equivalents	$853M
Short-Term Investments	$32M
Net Receivables	$519M
Inventory	$0
Other Current Assets	$49M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$206M
Goodwill	$116M
Intangible Assets	$293M
Long-Term Investments	$239M
Tax Assets	$5M
Other Non-Current Assets	$72M
TOTAL NON-CURRENT ASSETS	$930M
TOTAL ASSETS	$2.4B
Account Payables	$13M
Short-Term Debt	$0
Deferred Revenue	$15M
Other Current Liabilities	$110M
TOTAL CURRENT LIABILITIES	$398M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$13M
TOTAL NON-CURRENT LIABILITIES	$32M
TOTAL LIABILITIES	$430M
Common Stock	$1M
Additional Paid-In Capital	$1.3B
Retained Earnings	$694M
Treasury Stock	$0
Accum. Other Comp. Income	-$49M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$29M
Net Debt	-$824M