SF FY 2011 Earnings Report — Stifel Financial Corp. Revenue & Financial Results | Market Cap Arena

Stifel Financial Corp.SF

FY 2011 Earnings

Reported February 28, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.4B	—	1.8%
Op. Income	$138M	—	-$229.0K	—	60427.1%
Gross Margin	98.2%	—	99.0%	—	-0.9pp
Net Margin	6.0%	—	0.1%	—	5.9pp
EPS (Diluted)	$0.89	—	$0.02	—	3909.0%
Free Cash Flow	-$14M	—	$114M	—	-112.5%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$25M
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$27M
General & Administrative	$887M
SG&A Expenses	$887M
Other Expenses	$342M
Operating Expenses	$1.2B
Cost & Expenses	$1.3B
OPERATING INCOME	$138M
Interest Income	$89M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$138M
Income Tax Expense	$54M
Net Income from Continuing Ops	$84M
Net Income from Discontinued Ops	-$135.0K
Other Adjustments	$0
NET INCOME	$84M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$84M
D&A	$34M
EBIT	$138M
EBITDA	$172M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$25M
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$27M
General & Administrative	$887M
SG&A Expenses	$887M
Other Expenses	$342M
Operating Expenses	$1.2B
Cost & Expenses	$1.3B
OPERATING INCOME	$138M
Interest Income	$89M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$138M
Income Tax Expense	$54M
Net Income from Continuing Ops	$84M
Net Income from Discontinued Ops	-$135.0K
Other Adjustments	$0
NET INCOME	$84M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$84M
D&A	$34M
EBIT	$138M
EBITDA	$172M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$84M
Depreciation & Amortization	$34M
Stock-Based Compensation	$25M
Deferred Income Tax	$26M
Other Non-Cash Items	$51M
Change in Working Capital	-$173M
OPERATING CASH FLOW	$46M
Capital Expenditure	-$60M
Acquisitions (Net)	-$19M
Purchases of Investments	-$1.1B
Sales/Maturities of Investments	$741M
Other Investing Activities	-$243M
NET CASH FROM INVESTING	-$716M
Net Debt Issuance	$89M
Common Stock Repurchased	-$49M
Common Dividends Paid	$0
Other Financing Activities	$545M
NET CASH FROM FINANCING	$585M
FREE CASH FLOW	-$14M
Net Change in Cash	-$86M

Balance Sheet

Item	Amount
Cash & Equivalents	$168M
Short-Term Investments	$0
Net Receivables	$813M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$105M
Goodwill	$359M
Intangible Assets	$34M
Long-Term Investments	$1.4B
Tax Assets	$178M
Other Non-Current Assets	$716M
TOTAL NON-CURRENT ASSETS	$2.8B
TOTAL ASSETS	$5.0B
Account Payables	$643M
Short-Term Debt	$366M
Deferred Revenue	$0
Other Current Liabilities	$2.1B
TOTAL CURRENT LIABILITIES	$3.5B
Long-Term Debt	$282M
Deferred Revenue NC	$7M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$181M
TOTAL NON-CURRENT LIABILITIES	$108M
TOTAL LIABILITIES	$3.6B
Common Stock	$0
Additional Paid-In Capital	$1.1B
Retained Earnings	$0
Treasury Stock	-$54M
Accum. Other Comp. Income	-$8M
Other Equity	$285M
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$5.0B
Total Debt	$648M
Net Debt	$480M