SF FY 2007 Earnings Report — Stifel Financial Corp. Revenue & Financial Results | Market Cap Arena

Stifel Financial Corp.SF

FY 2007 Earnings

Reported March 4, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$793M	—	$333M	—	138.3%
Op. Income	$54M	—	$26M	—	104.2%
Gross Margin	96.2%	—	68.2%	—	28.0pp
Net Margin	4.1%	—	4.6%	—	-0.6pp
EPS (Diluted)	$0.56	—	$0.33	—	69.7%
Free Cash Flow	$48M	—	-$62M	—	177.6%

Revenue Flow

Item	Amount
REVENUE	$793M
Cost of Revenue	$30M
GROSS PROFIT	$763M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$543M
SG&A Expenses	$543M
Other Expenses	$166M
Operating Expenses	$709M
Cost & Expenses	$739M
OPERATING INCOME	$54M
Interest Income	$59M
Interest Expense	$30M
Other Income/Expenses	$0
INCOME BEFORE TAX	$54M
Income Tax Expense	$22M
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	$32M
EBIT	$54M
EBITDA	$86M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$793M
Cost of Revenue	$30M
GROSS PROFIT	$763M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$543M
SG&A Expenses	$543M
Other Expenses	$166M
Operating Expenses	$709M
Cost & Expenses	$739M
OPERATING INCOME	$54M
Interest Income	$59M
Interest Expense	$30M
Other Income/Expenses	$0
INCOME BEFORE TAX	$54M
Income Tax Expense	$22M
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	$32M
EBIT	$54M
EBITDA	$86M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$32M
Depreciation & Amortization	$32M
Stock-Based Compensation	$56M
Deferred Income Tax	-$22M
Other Non-Cash Items	-$15M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$73M
Capital Expenditure	-$24M
Acquisitions (Net)	-$33M
Purchases of Investments	-$134M
Sales/Maturities of Investments	$64M
Other Investing Activities	-$23M
NET CASH FROM INVESTING	-$151M
Net Debt Issuance	$38M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$68M
NET CASH FROM FINANCING	$105M
FREE CASH FLOW	$48M
Net Change in Cash	$27M

Balance Sheet

Item	Amount
Cash & Equivalents	$48M
Short-Term Investments	$0
Net Receivables	$179M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$227M
PP&E (Net)	$41M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$357M
Tax Assets	$0
Other Non-Current Assets	$764M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.5B
Account Payables	$0
Short-Term Debt	$164M
Deferred Revenue	$0
Other Current Liabilities	$192M
TOTAL CURRENT LIABILITIES	$357M
Long-Term Debt	$95M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$623M
TOTAL NON-CURRENT LIABILITIES	$718M
TOTAL LIABILITIES	$1.1B
Common Stock	$3M
Additional Paid-In Capital	$298M
Retained Earnings	$125M
Treasury Stock	-$450.0K
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$425M
Minority Interest	$0
TOTAL EQUITY	$425M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$259M
Net Debt	$212M