SF FY 2012 Earnings Report — Stifel Financial Corp. Revenue & Financial Results | Market Cap Arena

Stifel Financial Corp.SF

FY 2012 Earnings

Reported February 28, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.4B	—	14.7%
Op. Income	$230M	—	$138M	—	66.3%
Gross Margin	97.9%	—	98.2%	—	-0.3pp
Net Margin	8.7%	—	6.0%	—	2.6pp
EPS (Diluted)	$1.47	—	$0.89	—	65.2%
Free Cash Flow	-$283M	—	-$14M	—	-1877.5%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$33M
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.0B
SG&A Expenses	$1.0B
Other Expenses	$325M
Operating Expenses	$1.3B
Cost & Expenses	$1.4B
OPERATING INCOME	$230M
Interest Income	$109M
Interest Expense	$33M
Other Income/Expenses	$0
INCOME BEFORE TAX	$230M
Income Tax Expense	$84M
Net Income from Continuing Ops	$145M
Net Income from Discontinued Ops	-$7M
Other Adjustments	$0
NET INCOME	$139M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$139M
D&A	$35M
EBIT	$230M
EBITDA	$265M
EPS	$2
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$33M
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.0B
SG&A Expenses	$1.0B
Other Expenses	$325M
Operating Expenses	$1.3B
Cost & Expenses	$1.4B
OPERATING INCOME	$230M
Interest Income	$109M
Interest Expense	$33M
Other Income/Expenses	$0
INCOME BEFORE TAX	$230M
Income Tax Expense	$84M
Net Income from Continuing Ops	$145M
Net Income from Discontinued Ops	-$7M
Other Adjustments	$0
NET INCOME	$139M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$139M
D&A	$35M
EBIT	$230M
EBITDA	$265M
EPS	$2
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$139M
Depreciation & Amortization	$35M
Stock-Based Compensation	$41M
Deferred Income Tax	$46M
Other Non-Cash Items	-$71M
Change in Working Capital	-$453M
OPERATING CASH FLOW	-$264M
Capital Expenditure	-$19M
Acquisitions (Net)	-$120M
Purchases of Investments	-$1.6B
Sales/Maturities of Investments	$651M
Other Investing Activities	-$180M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	$479M
Common Stock Repurchased	-$11M
Common Dividends Paid	$0
Other Financing Activities	$1.3B
NET CASH FROM FINANCING	$1.7B
FREE CASH FLOW	-$283M
Net Change in Cash	$236M

Balance Sheet

Item	Amount
Cash & Equivalents	$404M
Short-Term Investments	$1.6B
Net Receivables	$764M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.8B
PP&E (Net)	$141M
Goodwill	$419M
Intangible Assets	$29M
Long-Term Investments	$2.2B
Tax Assets	$125M
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$4.2B
TOTAL ASSETS	$7.0B
Account Payables	$588M
Short-Term Debt	$542M
Deferred Revenue	$0
Other Current Liabilities	$3.3B
TOTAL CURRENT LIABILITIES	$4.5B
Long-Term Debt	$466M
Deferred Revenue NC	$5M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$278M
TOTAL NON-CURRENT LIABILITIES	$995M
TOTAL LIABILITIES	$5.5B
Common Stock	$8M
Additional Paid-In Capital	$1.1B
Retained Earnings	$384M
Treasury Stock	-$3M
Accum. Other Comp. Income	$5M
Other Equity	-$104.0K
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$7.0B
Total Debt	$1.3B
Net Debt	$850M