$SEIC
SEI INVESTMENTS CO

2023 Q4 Form 10-Q Financial Statement

#000035089423000091 Filed on October 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $484.9M $476.8M
YoY Change 6.19% 1.15%
Cost Of Revenue $82.62M $72.60M
YoY Change 16.5% -1.82%
Gross Profit $402.2M $139.5M
YoY Change 4.3% -0.79%
Gross Profit Margin 82.96% 29.25%
Selling, General & Admin $281.9M $276.7M
YoY Change 3.5% -15.49%
% of Gross Profit 70.09% 198.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.61M $19.00M
YoY Change -3.17% 0.32%
% of Gross Profit 4.63% 13.62%
Operating Expenses $300.6M $295.7M
YoY Change 3.06% -14.62%
Operating Profit $101.7M $108.5M
YoY Change 8.12% 112.5%
Interest Expense $48.50M $116.0K
YoY Change 22.24% -18.88%
% of Operating Profit 47.7% 0.11%
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income $150.2M $149.2M
YoY Change 9.54% 86.24%
Income Tax $29.46M $33.54M
% Of Pretax Income 19.61% 22.48%
Net Earnings $120.7M $115.7M
YoY Change 7.58% 87.58%
Net Earnings / Revenue 24.9% 24.26%
Basic Earnings Per Share $0.87
Diluted Earnings Per Share $0.91 $0.87
COMMON SHARES
Basic Shares Outstanding 131.6M shares 132.4M shares
Diluted Shares Outstanding 133.5M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $866.0M $887.2M
YoY Change -2.16% 7.8%
Cash & Equivalents $834.7M $854.4M
Short-Term Investments $31.33M $32.70M
Other Short-Term Assets $54.77M $57.36M
YoY Change 11.64% 4.42%
Inventory
Prepaid Expenses
Receivables $557.3M $518.9M
Other Receivables $0.00 $55.69M
Total Short-Term Assets $1.478B $1.519B
YoY Change 1.71% 4.63%
LONG-TERM ASSETS
Property, Plant & Equipment $193.8M $177.5M
YoY Change -5.91% -2.74%
Goodwill $137.3M $115.6M
YoY Change 18.8% -1.63%
Intangibles $82.44M $46.41M
YoY Change 48.46% -20.25%
Long-Term Investments $273.5M $44.65M
YoY Change 14.32% 14.44%
Other Assets $115.0M $37.20M
YoY Change 50.2% 14.42%
Total Long-Term Assets $1.042B $877.8M
YoY Change 12.0% 4.11%
TOTAL ASSETS
Total Short-Term Assets $1.478B $1.519B
Total Long-Term Assets $1.042B $877.8M
Total Assets $2.520B $2.397B
YoY Change 5.72% 4.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.62M $10.20M
YoY Change -20.06% 24.23%
Accrued Expenses $327.1M $249.9M
YoY Change -11.53% -15.29%
Deferred Revenue $15.37M $12.10M
YoY Change 3.18% -7.1%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $353.0M $282.1M
YoY Change -11.27% -13.86%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $35.13M $15.36M
YoY Change 10.31% 2.51%
Total Long-Term Liabilities $35.13M $15.36M
YoY Change 10.31% 2.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $353.0M $282.1M
Total Long-Term Liabilities $35.13M $15.36M
Total Liabilities $388.2M $313.4M
YoY Change -9.67% -14.18%
SHAREHOLDERS EQUITY
Retained Earnings $762.6M $763.6M
YoY Change 9.84% 7.35%
Common Stock $1.406B $1.371B
YoY Change 7.47% 6.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.132B $2.084B
YoY Change
Total Liabilities & Shareholders Equity $2.520B $2.397B
YoY Change 5.72% 4.44%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $120.7M $115.7M
YoY Change 7.58% 87.58%
Depreciation, Depletion And Amortization $18.61M $19.00M
YoY Change -3.17% 0.32%
Cash From Operating Activities $101.0M $163.5M
YoY Change -26.58% 67.0%
INVESTING ACTIVITIES
Capital Expenditures $9.093M $15.20M
YoY Change -47.55% -164.64%
Acquisitions
YoY Change
Other Investing Activities -$84.25M -$7.200M
YoY Change 594.62% -226.54%
Cash From Investing Activities -$93.34M -$22.40M
YoY Change 216.77% 25.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -36.42M -55.40M
YoY Change -34.84% 12.68%
NET CHANGE
Cash From Operating Activities 101.0M 163.5M
Cash From Investing Activities -93.34M -22.40M
Cash From Financing Activities -36.42M -55.40M
Net Change In Cash -28.74M 85.70M
YoY Change -155.01% 177.23%
FREE CASH FLOW
Cash From Operating Activities $101.0M $163.5M
Capital Expenditures $9.093M $15.20M
Free Cash Flow $91.94M $148.3M
YoY Change -23.55% 22.14%

Facts In Submission

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seic Capitalized Contract Cost Accelerated Amortization
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CY2023Q3 us-gaap Assets Fair Value Disclosure
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224000 usd
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14473000 usd
CY2023Q3 seic Debt Securities Available For Sale And Equity Securities Fvni
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12404000 usd
CY2022Q4 seic Debt Securities Available For Sale And Equity Securities Fvni
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us-gaap Debt Securities Available For Sale Realized Gain Loss
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us-gaap Equity Securities Fv Ni Realized Loss
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us-gaap Equity Securities Fv Ni Realized Gain
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226000 usd
us-gaap Equity Securities Fv Ni Realized Loss
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CY2023Q3 us-gaap Financial Instruments Owned Us Government And Agency Obligations At Fair Value
FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue
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CY2023Q3 us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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CY2023Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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1438000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
4859000 usd
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EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
90469000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
22444000 usd
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
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CY2023Q3 us-gaap Share Price
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
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us-gaap Dividends Common Stock
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us-gaap Dividends Common Stock
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us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2023Q3 us-gaap Revenues
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CY2023Q3 us-gaap Operating Costs And Expenses
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CY2023Q3 us-gaap Gross Profit
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CY2022Q3 us-gaap Gross Profit
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CY2023Q3 us-gaap Gross Profit
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CY2022Q3 us-gaap Gross Profit
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CY2023Q3 us-gaap General And Administrative Expense
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CY2022Q3 us-gaap General And Administrative Expense
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CY2023Q3 us-gaap Operating Income Loss
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CY2022Q3 us-gaap Operating Income Loss
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51046000 usd
CY2023Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2023Q3 us-gaap Depreciation Nonproduction
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CY2023Q3 us-gaap Adjustment For Amortization
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us-gaap Revenues
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us-gaap Operating Costs And Expenses
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us-gaap Gross Profit
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us-gaap Revenues
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us-gaap Operating Costs And Expenses
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1015382000 usd
us-gaap Gross Profit
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us-gaap Operating Income Loss
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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us-gaap Depreciation Nonproduction
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CY2022Q4 seic Gross Liability For Unrecognized Tax Benefits Exclusive Of Interest And Penalties
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us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9178000 usd
us-gaap Amortization Of Intangible Assets
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CY2023Q3 us-gaap Revenues
Revenues
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CY2023Q3 us-gaap Revenues
Revenues
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CY2022Q3 us-gaap Revenues
Revenues
471334000 usd
us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
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CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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