SEIC Q4 2020 Earnings Report — SEI Investments Company Revenue & Financial Results | Market Cap Arena

SEI Investments CompanySEIC

Q4 2020 Earnings

Reported February 22, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2020	Q3 2020	Q4 2019	QoQ Change	YoY Change
Revenue	$444M	$425M	$423M	4.4%	4.8%
Op. Income	$124M	$111M	$116M	11.4%	6.8%
Gross Margin	57.2%	56.0%	56.4%	1.2pp	0.8pp
Net Margin	28.4%	26.1%	30.4%	2.2pp	-2.0pp
EPS (Diluted)	$0.86	$0.75	$0.84	14.7%	2.4%
Free Cash Flow	$75M	$118M	$144M	-35.9%	-47.6%

Revenue Flow

Item	Amount
REVENUE	$444M
Cost of Revenue	$190M
GROSS PROFIT	$254M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$66M
SG&A Expenses	$66M
Other Expenses	$64M
Operating Expenses	$130M
Cost & Expenses	$320M
OPERATING INCOME	$124M
Interest Income	$986.0K
Interest Expense	$153.0K
Other Income/Expenses	$33M
INCOME BEFORE TAX	$157M
Income Tax Expense	$31M
Net Income from Continuing Ops	$126M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$126M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$126M
D&A	$21M
EBIT	$157M
EBITDA	$178M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$444M
Cost of Revenue	$190M
GROSS PROFIT	$254M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$66M
SG&A Expenses	$66M
Other Expenses	$64M
Operating Expenses	$130M
Cost & Expenses	$320M
OPERATING INCOME	$124M
Interest Income	$986.0K
Interest Expense	$153.0K
Other Income/Expenses	$33M
INCOME BEFORE TAX	$157M
Income Tax Expense	$31M
Net Income from Continuing Ops	$126M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$126M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$126M
D&A	$21M
EBIT	$157M
EBITDA	$178M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$126M
Depreciation & Amortization	$21M
Stock-Based Compensation	$7M
Deferred Income Tax	$7M
Other Non-Cash Items	-$21M
Change in Working Capital	-$48M
OPERATING CASH FLOW	$92M
Capital Expenditure	-$17M
Acquisitions (Net)	-$5M
Purchases of Investments	-$29M
Sales/Maturities of Investments	$43M
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$3M
Net Debt Issuance	$0
Common Stock Repurchased	-$100M
Common Dividends Paid	$0
Other Financing Activities	$20M
NET CASH FROM FINANCING	-$80M
FREE CASH FLOW	$75M
Net Change in Cash	$17M

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