SEIC Q3 2016 Earnings Report — SEI Investments Company Revenue & Financial Results | Market Cap Arena

SEI Investments CompanySEIC

Q3 2016 Earnings

Reported October 21, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2016	Q2 2016	Q3 2015	QoQ Change	YoY Change
Revenue	$355M	$344M	—	3.1%	—
Op. Income	$97M	$94M	—	4.0%	—
Gross Margin	55.4%	54.7%	—	0.8pp	—
Net Margin	24.4%	23.6%	—	0.9pp	—
EPS (Diluted)	$0.53	$0.49	—	8.2%	—
Free Cash Flow	$93M	$67M	—	38.8%	—

Revenue Flow

Item	Amount
REVENUE	$355M
Cost of Revenue	$158M
GROSS PROFIT	$197M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$48M
SG&A Expenses	$48M
Other Expenses	$52M
Operating Expenses	$99M
Cost & Expenses	$257M
OPERATING INCOME	$97M
Interest Income	$1M
Interest Expense	$115.0K
Other Income/Expenses	$34M
INCOME BEFORE TAX	$131M
Income Tax Expense	$44M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$18M
EBIT	$97M
EBITDA	$115M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$355M
Cost of Revenue	$158M
GROSS PROFIT	$197M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$48M
SG&A Expenses	$48M
Other Expenses	$52M
Operating Expenses	$99M
Cost & Expenses	$257M
OPERATING INCOME	$97M
Interest Income	$1M
Interest Expense	$115.0K
Other Income/Expenses	$34M
INCOME BEFORE TAX	$131M
Income Tax Expense	$44M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$18M
EBIT	$97M
EBITDA	$115M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$87M
Depreciation & Amortization	$18M
Stock-Based Compensation	$4M
Deferred Income Tax	-$1M
Other Non-Cash Items	$331.0K
Change in Working Capital	$16M
OPERATING CASH FLOW	$124M
Capital Expenditure	-$31M
Acquisitions (Net)	-$14M
Purchases of Investments	-$23M
Sales/Maturities of Investments	$18M
Other Investing Activities	$15M
NET CASH FROM INVESTING	-$35M
Net Debt Issuance	$0
Common Stock Repurchased	-$69M
Common Dividends Paid	-$60.0K
Other Financing Activities	$0
NET CASH FROM FINANCING	-$58M
FREE CASH FLOW	$93M
Net Change in Cash	$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$623M
Short-Term Investments	$21M
Net Receivables	$297M
Inventory	$0
Other Current Assets	$36M
TOTAL CURRENT ASSETS	$977M
PP&E (Net)	$149M
Goodwill	$0
Intangible Assets	$290M
Long-Term Investments	$137M
Tax Assets	$4M
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$597M
TOTAL ASSETS	$1.6B
Account Payables	$7M
Short-Term Debt	$0
Deferred Revenue	$3M
Other Current Liabilities	$12M
TOTAL CURRENT LIABILITIES	$181M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$66M
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$80M
TOTAL LIABILITIES	$260M
Common Stock	$2M
Additional Paid-In Capital	$941M
Retained Earnings	$401M
Treasury Stock	$0
Accum. Other Comp. Income	-$31M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$0
Net Debt	-$623M