SF FY 2016 Earnings Report — Stifel Financial Corp. Revenue & Financial Results | Market Cap Arena

Stifel Financial Corp.SF

FY 2016 Earnings

Reported February 23, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.3B	—	11.3%
Op. Income	$143M	—	$142M	—	0.7%
Gross Margin	97.4%	—	98.1%	—	-0.6pp
Net Margin	3.1%	—	4.0%	—	-0.8pp
EPS (Diluted)	$0.67	—	$0.79	—	-15.2%
Free Cash Flow	-$470M	—	-$332M	—	-41.6%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$67M
GROSS PROFIT	$2.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.7B
SG&A Expenses	$1.7B
Other Expenses	$663M
Operating Expenses	$2.4B
Cost & Expenses	$2.5B
OPERATING INCOME	$143M
Interest Income	$294M
Interest Expense	$67M
Other Income/Expenses	$0
INCOME BEFORE TAX	$143M
Income Tax Expense	$61M
Net Income from Continuing Ops	$82M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$82M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$78M
D&A	$58M
EBIT	$143M
EBITDA	$200M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$67M
GROSS PROFIT	$2.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.7B
SG&A Expenses	$1.7B
Other Expenses	$663M
Operating Expenses	$2.4B
Cost & Expenses	$2.5B
OPERATING INCOME	$143M
Interest Income	$294M
Interest Expense	$67M
Other Income/Expenses	$0
INCOME BEFORE TAX	$143M
Income Tax Expense	$61M
Net Income from Continuing Ops	$82M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$82M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$78M
D&A	$58M
EBIT	$143M
EBITDA	$200M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$82M
Depreciation & Amortization	$58M
Stock-Based Compensation	$186M
Deferred Income Tax	$46M
Other Non-Cash Items	-$86M
Change in Working Capital	-$727M
OPERATING CASH FLOW	-$441M
Capital Expenditure	-$28M
Acquisitions (Net)	-$72M
Purchases of Investments	-$3.4B
Sales/Maturities of Investments	$696M
Other Investing Activities	-$2.5B
NET CASH FROM INVESTING	-$5.3B
Net Debt Issuance	$692M
Common Stock Repurchased	-$113M
Common Dividends Paid	$0
Other Financing Activities	$4.9B
NET CASH FROM FINANCING	$5.7B
FREE CASH FLOW	-$470M
Net Change in Cash	-$52M

Balance Sheet

Item	Amount
Cash & Equivalents	$913M
Short-Term Investments	$3.2B
Net Receivables	$2.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.5B
PP&E (Net)	$173M
Goodwill	$962M
Intangible Assets	$116M
Long-Term Investments	$10.3B
Tax Assets	$225M
Other Non-Current Assets	$804M
TOTAL NON-CURRENT ASSETS	$12.6B
TOTAL ASSETS	$19.1B
Account Payables	$1.8B
Short-Term Debt	$968M
Deferred Revenue	$0
Other Current Liabilities	$11.5B
TOTAL CURRENT LIABILITIES	$14.3B
Long-Term Debt	$1.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$390M
TOTAL NON-CURRENT LIABILITIES	$2.1B
TOTAL LIABILITIES	$16.4B
Common Stock	$10M
Additional Paid-In Capital	$1.8B
Retained Earnings	$877M
Treasury Stock	-$100M
Accum. Other Comp. Income	-$39M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$0
TOTAL EQUITY	$2.7B
TOTAL LIABILITIES & EQUITY	$19.1B
Total Debt	$2.7B
Net Debt	$1.8B