SEIC FY 2023 Earnings Report — SEI Investments Company Revenue & Financial Results | Market Cap Arena

SEI Investments CompanySEIC

FY 2023 Earnings

Reported February 20, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$1.9B	—	$2.0B	—	-3.6%
Op. Income	$425M	—	$476M	—	-10.8%
Gross Margin	51.3%	—	52.5%	—	-1.2pp
Net Margin	24.1%	—	23.9%	—	0.2pp
EPS (Diluted)	$3.46	—	$3.46	—	0.0%
Free Cash Flow	$388M	—	$492M	—	-21.0%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$936M
GROSS PROFIT	$984M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$263M
SG&A Expenses	$263M
Other Expenses	$297M
Operating Expenses	$560M
Cost & Expenses	$1.5B
OPERATING INCOME	$425M
Interest Income	$41M
Interest Expense	$583.0K
Other Income/Expenses	$170M
INCOME BEFORE TAX	$595M
Income Tax Expense	$132M
Net Income from Continuing Ops	$462M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$462M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$462M
D&A	$74M
EBIT	$595M
EBITDA	$669M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$936M
GROSS PROFIT	$984M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$263M
SG&A Expenses	$263M
Other Expenses	$297M
Operating Expenses	$560M
Cost & Expenses	$1.5B
OPERATING INCOME	$425M
Interest Income	$41M
Interest Expense	$583.0K
Other Income/Expenses	$170M
INCOME BEFORE TAX	$595M
Income Tax Expense	$132M
Net Income from Continuing Ops	$462M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$462M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$462M
D&A	$74M
EBIT	$595M
EBITDA	$669M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$462M
Depreciation & Amortization	$74M
Stock-Based Compensation	$31M
Deferred Income Tax	-$33M
Other Non-Cash Items	-$4M
Change in Working Capital	-$83M
OPERATING CASH FLOW	$447M
Capital Expenditure	-$59M
Acquisitions (Net)	-$56M
Purchases of Investments	-$143M
Sales/Maturities of Investments	$122M
Other Investing Activities	-$5M
NET CASH FROM INVESTING	-$142M
Net Debt Issuance	$0
Common Stock Repurchased	-$309M
Common Dividends Paid	-$115M
Other Financing Activities	-$9M
NET CASH FROM FINANCING	-$331M
FREE CASH FLOW	$388M
Net Change in Cash	-$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$835M
Short-Term Investments	$31M
Net Receivables	$557M
Inventory	$0
Other Current Assets	$55M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$194M
Goodwill	$137M
Intangible Assets	$322M
Long-Term Investments	$274M
Tax Assets	$38M
Other Non-Current Assets	$77M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$2.5B
Account Payables	$11M
Short-Term Debt	$0
Deferred Revenue	$15M
Other Current Liabilities	$117M
TOTAL CURRENT LIABILITIES	$353M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$18M
TOTAL NON-CURRENT LIABILITIES	$35M
TOTAL LIABILITIES	$388M
Common Stock	$1M
Additional Paid-In Capital	$1.4B
Retained Earnings	$763M
Treasury Stock	$0
Accum. Other Comp. Income	-$37M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$25M
Net Debt	-$809M