SF Q3 2022 Earnings Report — Stifel Financial Corp. Revenue & Financial Results | Market Cap Arena

Stifel Financial Corp.SF

Q3 2022 Earnings

Reported November 9, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2022	Q2 2022	Q3 2021	QoQ Change	YoY Change
Revenue	$1.1B	$1.1B	$1.1B	-1.7%	-2.7%
Op. Income	$206M	$219M	$257M	-5.8%	-19.8%
Gross Margin	93.9%	97.3%	99.2%	-3.4pp	-5.2pp
Net Margin	13.9%	14.5%	17.2%	-0.6pp	-3.3pp
EPS (Diluted)	$1.21	$1.40	$1.54	-13.6%	-21.4%
Free Cash Flow	$520M	$423M	$859M	23.1%	-39.4%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$66M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$612M
SG&A Expenses	$612M
Other Expenses	$207M
Operating Expenses	$819M
Cost & Expenses	$886M
OPERATING INCOME	$206M
Interest Income	$304M
Interest Expense	$60M
Other Income/Expenses	$0
INCOME BEFORE TAX	$206M
Income Tax Expense	$55M
Net Income from Continuing Ops	$151M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$151M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$142M
D&A	$17M
EBIT	$206M
EBITDA	$223M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$66M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$612M
SG&A Expenses	$612M
Other Expenses	$207M
Operating Expenses	$819M
Cost & Expenses	$886M
OPERATING INCOME	$206M
Interest Income	$304M
Interest Expense	$60M
Other Income/Expenses	$0
INCOME BEFORE TAX	$206M
Income Tax Expense	$55M
Net Income from Continuing Ops	$151M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$151M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$142M
D&A	$17M
EBIT	$206M
EBITDA	$223M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$151M
Depreciation & Amortization	$17M
Stock-Based Compensation	$28M
Deferred Income Tax	-$16M
Other Non-Cash Items	$105M
Change in Working Capital	$253M
OPERATING CASH FLOW	$539M
Capital Expenditure	-$18M
Acquisitions (Net)	-$11M
Purchases of Investments	-$120M
Sales/Maturities of Investments	$149M
Other Investing Activities	-$1.7B
NET CASH FROM INVESTING	-$1.7B
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$32M
Other Financing Activities	$1.0B
NET CASH FROM FINANCING	$979M
FREE CASH FLOW	$520M
Net Change in Cash	-$161M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$1.7B
Net Receivables	$1.8B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.8B
PP&E (Net)	$949M
Goodwill	$1.3B
Intangible Assets	$135M
Long-Term Investments	$28.7B
Tax Assets	$170M
Other Non-Current Assets	$1.5B
TOTAL NON-CURRENT ASSETS	$32.8B
TOTAL ASSETS	$37.6B
Account Payables	$2.5B
Short-Term Debt	$895M
Deferred Revenue	$0
Other Current Liabilities	$27.2B
TOTAL CURRENT LIABILITIES	$30.6B
Long-Term Debt	$1.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$625M
TOTAL NON-CURRENT LIABILITIES	$1.8B
TOTAL LIABILITIES	$32.4B
Common Stock	$17M
Additional Paid-In Capital	$1.9B
Retained Earnings	$3.1B
Treasury Stock	-$297M
Accum. Other Comp. Income	-$144M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.2B
Minority Interest	$0
TOTAL EQUITY	$5.2B
TOTAL LIABILITIES & EQUITY	$37.6B
Total Debt	$2.1B
Net Debt	$655M