SEI INVESTMENTS COMPANY SEIC Income Statement

Sei investments company (SEIC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues:
Transaction-based and trade execution fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,268	6,564	9,427	8,859	8,624	7,298	8,023	9,354	7,323	6,796	8,137	8,354	7,269	8,384	8,714	8,820	7,768	7,370	8,744	9,239	9,724	9,394	9,165	9,994	8,488	12,318	9,971	13,457	14,106
Revenues
414,762	423,225	416,254	409,586	400,820	405,057	408,682	404,830	405,598	408,219	386,018	372,331	359,984	368,810	354,641	343,831	334,263	335,397	335,622	337,745	325,444	322,757	322,047	318,815	302,386	299,024	280,655	274,574	271,879	261,635	251,752	241,237	237,898	226,247	233,227	237,760	232,493	231,399	219,513	228,388	221,535	275,933	252,009
Expenses:
Subadvisory, distribution and other asset management costs
45,337	46,458	44,978	46,177	43,805	44,798	45,276	45,209	45,205	48,436	46,014	43,907	43,152	50,964	42,586	40,870	39,195	40,443	40,230	40,872	38,517	38,798	39,737	37,244	34,012	33,194	31,209	29,652	27,934	26,606	26,022	25,417	28,003	25,921	24,613	26,304	26,296	26,302	25,237	24,600	25,583	21,998	-20,645
Software royalties and other information processing costs
7,447	7,274	7,198	7,393	8,128	7,987	7,767	7,977	8,718	12,497	11,005	11,319	11,971	26,877	7,519	7,677	7,748	7,903	8,028	8,057	7,509	7,990	8,562	8,417	8,553	8,343	7,541	7,884	7,487	7,385	6,701	5,695	6,941	6,529	6,703	7,188	7,017	5,923	6,048	6,374	6,074	-	-
Brokerage commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,864	5,093	7,108	6,525	6,460	5,431	5,972	6,785	5,119	5,119	5,979	6,358	5,519	6,260	6,512	6,406	5,542	5,634	6,307	6,816	7,026	6,599	6,581	6,221	6,570	8,666	7,425	14,421	15,494
Compensation, benefits and other personnel
131,481	131,004	130,579	125,999	130,335	132,126	127,480	127,375	124,277	121,818	118,421	109,555	108,943	107,272	103,137	102,282	101,931	103,128	99,461	98,999	94,186	95,663	94,316	92,470	94,424	92,817	89,311	86,715	88,610	90,441	85,781	80,531	78,543	74,609	71,198	72,613	71,025	70,243	64,694	67,012	67,216	70,204	63,670
Stock-based compensation
6,929	9,027	5,453	5,064	5,038	7,409	5,878	5,323	5,195	16,839	7,088	6,259	6,180	3,973	4,066	4,189	3,789	5,836	3,867	3,859	3,750	3,982	3,786	2,872	2,823	10,868	11,097	10,607	5,293	3,959	3,879	3,865	4,033	3,146	3,424	3,810	3,732	10,380	3,468	6,278	6,657	3,418	3,361
Consulting, outsourcing and professional fees
53,290	50,235	48,789	45,330	50,206	49,956	51,758	50,441	48,707	48,366	46,507	48,335	43,149	45,057	43,631	39,575	38,506	37,876	35,963	36,969	35,628	33,535	34,946	33,404	34,933	32,732	33,367	33,451	31,849	29,230	27,314	26,329	26,955	27,592	30,183	29,398	25,998	23,783	21,841	22,702	20,707	20,173	18,711
Data processing and computer related
22,704	22,544	22,338	22,184	20,992	21,312	21,754	21,133	20,591	20,508	19,792	18,990	18,325	16,849	16,581	15,782	15,718	15,784	15,173	14,527	13,400	12,959	13,555	13,378	12,620	14,373	12,654	12,316	12,058	11,744	11,749	11,659	11,465	11,774	12,316	11,610	11,303	10,552	10,167	10,417	9,928	11,235	11,177
Facilities, supplies and other costs
16,796	20,307	15,926	17,100	18,745	18,755	16,689	17,783	17,613	15,885	17,261	17,575	15,925	18,051	17,075	17,122	15,997	18,773	22,477	16,659	17,059	16,759	16,136	17,366	15,852	17,333	13,573	15,559	18,148	16,067	15,129	15,272	14,508	13,105	14,274	14,098	14,102	14,455	14,749	13,586	13,494	18,817	16,203
Amortization
13,077	13,012	12,947	12,781	12,679	12,475	12,405	12,161	11,854	9,943	13,745	12,565	12,022	11,708	11,388	11,284	11,012	10,824	10,837	10,611	10,358	10,068	9,813	9,584	9,214	9,104	8,829	8,427	8,242	7,845	10,384	7,407	7,622	7,257	7,008	6,792	6,231	6,153	5,998	5,997	5,900	15,042	7,398
Depreciation
7,473	7,274	7,409	7,422	7,331	7,277	7,255	7,138	7,122	6,964	6,948	6,599	6,800	6,983	6,576	6,434	6,447	6,098	6,108	5,843	5,995	5,954	5,579	5,331	5,584	5,447	5,616	5,730	5,704	5,763	5,761	5,630	5,432	5,123	5,346	5,391	5,611	5,510	5,602	5,584	5,206	5,322	5,364
Total expenses
304,534	307,135	295,617	289,450	297,259	302,095	296,262	294,540	289,282	301,256	286,781	275,104	266,467	270,669	257,423	250,308	247,451	253,190	248,604	241,827	232,374	232,493	231,549	225,185	223,994	230,569	218,716	216,601	211,837	205,446	198,262	187,439	189,809	181,872	182,091	183,803	177,896	179,522	164,374	171,216	168,190	180,630	162,023
Income from operations
110,228	116,090	120,637	120,136	103,561	102,962	112,420	110,290	116,316	106,963	99,237	97,227	93,517	98,141	97,218	93,523	86,812	82,207	87,018	95,918	93,070	90,264	90,498	93,630	78,392	68,455	61,939	57,973	60,042	56,189	53,490	53,798	48,089	44,375	51,136	53,957	54,597	51,877	55,139	57,172	53,345	95,303	89,986
Gain (Loss) on Investments
-3,989	1,053	611	231	1,279	135	89	-139	-410	233	645	44	347	-208	196	250	-126	88	-756	-38	250	565	-478	391	136	21	535	-177	280	6,490	3,708	664	3,205	-552	-1,418	-1,948	7,278	18,098	9,362	3,594	17,479	15,616	-2,533
Interest and dividend income
3,203	3,845	4,167	4,313	4,257	4,251	3,482	3,162	2,502	2,129	1,899	1,686	1,343	1,174	1,026	1,033	1,083	788	846	755	969	1,106	750	721	777	828	679	688	1,053	1,279	1,490	1,440	1,487	1,449	1,400	1,436	1,544	1,503	1,621	1,502	1,700	1,897	1,937
Interest expense
152	153	154	166	157	134	122	132	257	210	345	114	112	115	115	187	114	141	115	114	113	116	115	114	113	113	195	114	113	115	115	113	161	100	126	155	204	256	336	415	471	1,034	1,051
Income (Loss) from Equity Method Investments
29,907	39,133	37,609	37,832	37,317	36,385	41,726	41,073	40,607	43,337	39,333	36,315	33,565	34,061	32,565	30,285	29,192	32,140	33,595	37,289	34,033	23,706	37,963	34,226	31,891	31,872	31,028	27,588	27,588	23,701	24,928	22,712	27,330	23,431	23,908	29,530	28,949	26,618	25,246	23,519	24,074	0	0
Gain (Loss) on Disposition of Stock in Subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,791	0	0	0	2,791	0	0	0	5,582	0	0	0	22,112	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	43,429	-	-	0	0	-	-	-	-	-	-	-	1,070	-	-	0
Income before income taxes
139,197	159,968	162,870	162,346	146,257	143,599	157,595	154,254	158,758	152,452	140,769	135,158	128,660	133,053	130,890	124,904	119,638	115,082	120,588	133,810	131,000	115,525	128,618	128,854	116,665	101,063	93,986	129,387	110,962	87,544	83,501	78,501	79,950	68,603	74,900	82,820	92,164	96,180	91,032	86,442	96,127	111,782	88,339
Income taxes
29,955	31,231	30,702	35,806	32,276	27,565	29,276	32,577	18,920	30,308	39,030	43,389	39,923	44,442	44,186	43,899	42,141	33,703	41,163	47,570	46,389	38,428	44,635	46,041	41,845	35,548	26,791	45,893	38,692	30,570	32,415	28,762	29,715	23,750	25,256	28,707	34,124	33,278	34,311	32,603	36,269	31,109	24,212
Less: Net income attributable to the noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	350	389	343	184	270	457	412	510	312	502	332	361	438	27,946	22,556
Net Income (Loss) Attributable to Parent
109,242	-	132,168	-	113,981	-	128,319	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65,515	67,195	83,494	71,920	56,585	50,743	49,555	49,965	44,396	49,232	53,603	57,728	62,400	56,389	53,478	59,420	52,727	41,571
Net income
-	-	-	126,540	-	-	-	121,677	139,838	-	101,739	91,769	88,737	-	86,704	81,005	77,497	-	79,425	86,240	84,611	-	83,983	82,813	74,820	65,515	67,195	83,494	72,270	56,974	51,086	49,739	50,235	44,853	49,644	54,113	58,040	62,902	56,721	53,839	59,858	80,673	64,127
Basic earnings per common share (in USD per share)
0.73	0.86	0.88	0.83	0.74	0.75	0.82	0.77	0.89	0.78	0.64	0.58	0.56	0.55	0.54	0.50	0.48	0.49	0.48	0.52	0.51	0.46	0.50	0.49	0.44	0.39	0.39	0.48	0.42	0.34	0.29	0.28	0.28	0.25	0.27	0.29	0.31	0.34	0.30	0.28	0.31	0.28	0.22
Shares used to compute basic earnings per share (in shares)
149,468	150,132	150,855	151,863	153,310	155,057	156,283	157,542	157,434	157,390	157,902	158,325	159,091	159,676	160,916	161,795	163,013	164,474	165,579	166,152	166,695	167,147	167,925	168,606	169,306	170,115	171,308	172,223	172,598	172,573	173,429	174,830	176,348	-	181,718	184,585	-	-	-	-	-	-	-
Diluted earnings per common share (in USD per share)
0.72	0.83	0.86	0.82	0.73	0.73	0.80	0.75	0.86	0.74	0.63	0.57	0.55	0.54	0.53	0.49	0.47	0.48	0.47	0.51	0.50	0.45	0.49	0.48	0.43	0.38	0.38	0.47	0.41	0.33	0.29	0.28	0.28	0.24	0.27	0.29	0.31	0.33	0.30	0.28	0.31	0.27	0.22
Shares used to compute diluted earnings per share (in shares)
152,368	153,671	154,227	155,165	156,541	158,768	160,511	162,225	163,424	163,477	161,148	161,709	162,742	162,566	163,925	165,088	166,145	168,461	169,255	169,973	170,703	171,223	172,905	172,304	173,828	174,766	176,043	176,058	176,005	174,538	175,369	175,913	177,668	-	182,580	187,020	-	-	-	-	-	-	-
Dividends declared per common share (in USD per share)
-	-	0.00	0.33	-	-	0.00	0.30	-	-	0.00	0.28	-	-	0.00	0.26	-	-	0.00	0.24	-	-	0.00	0.22	-	-	0.00	0.20	-	-	0.00	0.15	-	-	0.00	0.12	-	-	-	0.10	-	-	0.08
Asset management, administration and distribution fees
Revenues
331,853	337,232	330,943	324,925	313,944	314,685	322,778	316,508	316,209	314,597	300,417	289,682	279,461	289,817	271,930	262,275	251,437	254,410	252,585	256,748	246,768	242,966	244,704	236,191	225,071	220,585	208,780	203,722	198,633	190,980	183,083	176,613	172,954	162,126	167,827	172,331	167,504	165,024	155,799	154,774	152,938	206,235	183,209
Information processing and software servicing fees
Revenues
82,909	85,993	85,311	84,661	86,876	90,372	85,904	88,322	89,389	93,622	85,601	82,649	80,523	101,252	76,443	74,992	73,399	72,128	74,413	73,699	70,653	70,437	70,020	75,828	69,178	70,085	64,606	62,468	64,532	61,835	60,901	57,254	56,200	54,882	55,676	56,035	55,824	56,381	55,226	61,296	58,626	56,241	54,694