SF FY 2015 Earnings Report — Stifel Financial Corp. Revenue & Financial Results | Market Cap Arena

Stifel Financial Corp.SF

FY 2015 Earnings

Reported March 1, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$2.3B	—	$2.2B	—	5.5%
Op. Income	$142M	—	$291M	—	-51.3%
Gross Margin	98.1%	—	98.1%	—	-0.1pp
Net Margin	4.0%	—	8.0%	—	-4.0pp
EPS (Diluted)	$0.79	—	$1.54	—	-48.7%
Free Cash Flow	-$332M	—	$224M	—	-248.3%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$45M
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.6B
SG&A Expenses	$1.6B
Other Expenses	$579M
Operating Expenses	$2.1B
Cost & Expenses	$2.2B
OPERATING INCOME	$142M
Interest Income	$179M
Interest Expense	$45M
Other Income/Expenses	$0
INCOME BEFORE TAX	$142M
Income Tax Expense	$49M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$47M
EBIT	$142M
EBITDA	$189M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$45M
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.6B
SG&A Expenses	$1.6B
Other Expenses	$579M
Operating Expenses	$2.1B
Cost & Expenses	$2.2B
OPERATING INCOME	$142M
Interest Income	$179M
Interest Expense	$45M
Other Income/Expenses	$0
INCOME BEFORE TAX	$142M
Income Tax Expense	$49M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$47M
EBIT	$142M
EBITDA	$189M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$92M
Depreciation & Amortization	$47M
Stock-Based Compensation	$166M
Deferred Income Tax	-$6M
Other Non-Cash Items	$11M
Change in Working Capital	-$572M
OPERATING CASH FLOW	-$262M
Capital Expenditure	-$70M
Acquisitions (Net)	-$605M
Purchases of Investments	-$1.8B
Sales/Maturities of Investments	$1.1B
Other Investing Activities	-$517M
NET CASH FROM INVESTING	-$2.0B
Net Debt Issuance	$143M
Common Stock Repurchased	-$118M
Common Dividends Paid	$0
Other Financing Activities	$2.3B
NET CASH FROM FINANCING	$2.4B
FREE CASH FLOW	-$332M
Net Change in Cash	$121M

Balance Sheet

Item	Amount
Cash & Equivalents	$811M
Short-Term Investments	$1.6B
Net Receivables	$2.2B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.6B
PP&E (Net)	$182M
Goodwill	$916M
Intangible Assets	$63M
Long-Term Investments	$6.5B
Tax Assets	$285M
Other Non-Current Assets	$718M
TOTAL NON-CURRENT ASSETS	$8.7B
TOTAL ASSETS	$13.3B
Account Payables	$1.8B
Short-Term Debt	$800M
Deferred Revenue	$0
Other Current Liabilities	$6.6B
TOTAL CURRENT LIABILITIES	$9.2B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$548M
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$10.8B
Common Stock	$10M
Additional Paid-In Capital	$1.8B
Retained Earnings	$806M
Treasury Stock	-$105M
Accum. Other Comp. Income	-$40M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$0
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$13.3B
Total Debt	$1.9B
Net Debt	$1.0B