SF FY 2017 Earnings Report — Stifel Financial Corp. Revenue & Financial Results | Market Cap Arena

Stifel Financial Corp.SF

FY 2017 Earnings

Reported February 23, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$3.0B	—	$2.6B	—	13.6%
Op. Income	$270M	—	$143M	—	89.0%
Gross Margin	97.6%	—	97.4%	—	0.2pp
Net Margin	6.2%	—	3.1%	—	3.1pp
EPS (Diluted)	$1.43	—	$0.67	—	113.4%
Free Cash Flow	$652M	—	-$470M	—	238.8%

Revenue Flow

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$70M
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.0B
SG&A Expenses	$2.0B
Other Expenses	$654M
Operating Expenses	$2.6B
Cost & Expenses	$2.7B
OPERATING INCOME	$270M
Interest Income	$454M
Interest Expense	$70M
Other Income/Expenses	$0
INCOME BEFORE TAX	$270M
Income Tax Expense	$87M
Net Income from Continuing Ops	$183M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$183M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$173M
D&A	$45M
EBIT	$270M
EBITDA	$314M
EPS	$2
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$70M
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.0B
SG&A Expenses	$2.0B
Other Expenses	$654M
Operating Expenses	$2.6B
Cost & Expenses	$2.7B
OPERATING INCOME	$270M
Interest Income	$454M
Interest Expense	$70M
Other Income/Expenses	$0
INCOME BEFORE TAX	$270M
Income Tax Expense	$87M
Net Income from Continuing Ops	$183M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$183M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$173M
D&A	$45M
EBIT	$270M
EBITDA	$314M
EPS	$2
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$183M
Depreciation & Amortization	$45M
Stock-Based Compensation	$140M
Deferred Income Tax	$118M
Other Non-Cash Items	$128M
Change in Working Capital	$66M
OPERATING CASH FLOW	$680M
Capital Expenditure	-$28M
Acquisitions (Net)	-$7M
Purchases of Investments	-$2.6B
Sales/Maturities of Investments	$1.4B
Other Investing Activities	-$1.4B
NET CASH FROM INVESTING	-$2.6B
Net Debt Issuance	$342M
Common Stock Repurchased	-$13M
Common Dividends Paid	-$14M
Other Financing Activities	$1.5B
NET CASH FROM FINANCING	$1.8B
FREE CASH FLOW	$652M
Net Change in Cash	-$199M

Balance Sheet

Item	Amount
Cash & Equivalents	$696M
Short-Term Investments	$3.8B
Net Receivables	$1.8B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.3B
PP&E (Net)	$155M
Goodwill	$969M
Intangible Assets	$110M
Long-Term Investments	$12.5B
Tax Assets	$105M
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$15.1B
TOTAL ASSETS	$21.4B
Account Payables	$1.4B
Short-Term Debt	$1.0B
Deferred Revenue	$0
Other Current Liabilities	$13.4B
TOTAL CURRENT LIABILITIES	$15.8B
Long-Term Debt	$2.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$601M
TOTAL NON-CURRENT LIABILITIES	$2.7B
TOTAL LIABILITIES	$18.5B
Common Stock	$11M
Additional Paid-In Capital	$1.7B
Retained Earnings	$1.0B
Treasury Stock	-$39M
Accum. Other Comp. Income	-$27M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.9B
Minority Interest	$0
TOTAL EQUITY	$2.9B
TOTAL LIABILITIES & EQUITY	$21.4B
Total Debt	$3.1B
Net Debt	$2.4B