SF FY 2009 Earnings Report — Stifel Financial Corp. Revenue & Financial Results | Market Cap Arena

Stifel Financial Corp.SF

FY 2009 Earnings

Reported February 26, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$1.1B	—	$889M	—	24.1%
Op. Income	$120M	—	$92M	—	31.2%
Gross Margin	98.9%	—	97.9%	—	1.0pp
Net Margin	6.9%	—	6.2%	—	0.6pp
EPS (Diluted)	$1.04	—	$0.88	—	18.2%
Free Cash Flow	-$375M	—	$329M	—	-213.9%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$12M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$23M
General & Administrative	$773M
SG&A Expenses	$796M
Other Expenses	$174M
Operating Expenses	$970M
Cost & Expenses	$982M
OPERATING INCOME	$120M
Interest Income	$47M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$120M
Income Tax Expense	$45M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$76M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$76M
D&A	$26M
EBIT	$120M
EBITDA	$146M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$12M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$23M
General & Administrative	$773M
SG&A Expenses	$796M
Other Expenses	$174M
Operating Expenses	$970M
Cost & Expenses	$982M
OPERATING INCOME	$120M
Interest Income	$47M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$120M
Income Tax Expense	$45M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$76M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$76M
D&A	$26M
EBIT	$120M
EBITDA	$146M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$76M
Depreciation & Amortization	$26M
Stock-Based Compensation	$48M
Deferred Income Tax	-$10M
Other Non-Cash Items	$38M
Change in Working Capital	-$525M
OPERATING CASH FLOW	-$347M
Capital Expenditure	-$28M
Acquisitions (Net)	-$252M
Purchases of Investments	-$674M
Sales/Maturities of Investments	$107M
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$851M
Net Debt Issuance	$84M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$896M
NET CASH FROM FINANCING	$1.1B
FREE CASH FLOW	-$375M
Net Change in Cash	-$78M

Balance Sheet

Item	Amount
Cash & Equivalents	$162M
Short-Term Investments	$0
Net Receivables	$693M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$855M
PP&E (Net)	$62M
Goodwill	$167M
Intangible Assets	$25M
Long-Term Investments	$1.3B
Tax Assets	$53M
Other Non-Current Assets	$699M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$3.2B
Account Payables	$372M
Short-Term Debt	$213M
Deferred Revenue	$0
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$93M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$289M
TOTAL NON-CURRENT LIABILITIES	$381M
TOTAL LIABILITIES	$2.3B
Common Stock	$5M
Additional Paid-In Capital	$624M
Retained Earnings	$245M
Treasury Stock	-$242.0K
Accum. Other Comp. Income	$1M
Other Equity	-$730.0K
TOTAL STOCKHOLDERS' EQUITY	$873M
Minority Interest	$0
TOTAL EQUITY	$873M
TOTAL LIABILITIES & EQUITY	$3.2B
Total Debt	$306M
Net Debt	$144M