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10-Q Filing

SEI INVESTMENTS CO CIK: 350894 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0000350894-14-000028
Period End Date 20140331
Filing Date 20140423
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance seic-20140331.xml
Filing Contents
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $452.25M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $578.27M USD Point-in-time
Receivables, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $651.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $545.55M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $452.10M USD Point-in-time
Receivables, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $626.00K USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $5.50M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $5.50M USD Point-in-time
Property and Equipment, accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $220.06M USD Point-in-time
Property and Equipment, accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $225.60M USD Point-in-time
Capitalized Software, accumulated amortization CapitalizedComputerSoftwareAccumulatedAmortization $180.06M USD Point-in-time
Receivables from regulated investment companies DueFromOtherRelatedPartiesCurrent $39.36M USD Point-in-time
Capitalized Software, accumulated amortization CapitalizedComputerSoftwareAccumulatedAmortization $189.22M USD Point-in-time
Receivables from regulated investment companies DueFromOtherRelatedPartiesCurrent $43.27M USD Point-in-time
Receivables, net of allowance for doubtful accounts of $626 and $651 ReceivablesNetCurrent $186.66M USD Point-in-time
Receivables, net of allowance for doubtful accounts of $626 and $651 ReceivablesNetCurrent $207.72M USD Point-in-time
Securities owned FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue $21.13M USD Point-in-time
Securities owned FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue $21.15M USD Point-in-time
Other current assets OtherAssetsCurrent $19.43M USD Point-in-time
Other current assets OtherAssetsCurrent $16.17M USD Point-in-time
Total Current Assets AssetsCurrent $847.10M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Total Current Assets AssetsCurrent $842.63M USD Point-in-time
Property and Equipment, net of accumulated depreciation of $225,597 and $220,064 PropertyPlantAndEquipmentNet $119.00M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 750.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 750.00M shares Point-in-time
Property and Equipment, net of accumulated depreciation of $225,597 and $220,064 PropertyPlantAndEquipmentNet $121.04M USD Point-in-time
Capitalized Software, net of accumulated amortization of $189,219 and $180,062 CapitalizedComputerSoftwareNet $312.87M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 169.07M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 169.24M shares Point-in-time
Capitalized Software, net of accumulated amortization of $189,219 and $180,062 CapitalizedComputerSoftwareNet $312.62M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 169.07M shares Point-in-time
Investments Available for Sale AvailableForSaleSecuritiesNoncurrent $83.32M USD Point-in-time
Investments Available for Sale AvailableForSaleSecuritiesNoncurrent $81.66M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 169.24M shares Point-in-time
Trading Securities TradingSecurities $4.85M USD Point-in-time
Trading Securities TradingSecurities $4.91M USD Point-in-time
Investment in Unconsolidated Affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $61.37M USD Point-in-time
Investment in Unconsolidated Affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $61.76M USD Point-in-time
Other Assets, net OtherAssetsNoncurrent $14.11M USD Point-in-time
Other Assets, net OtherAssetsNoncurrent $10.92M USD Point-in-time
Total Assets Assets $1.44B USD Point-in-time
Total Assets Assets $1.44B USD Point-in-time
Accounts payable AccountsPayableCurrent $16.23M USD Point-in-time
Accounts payable AccountsPayableCurrent $8.37M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $188.12M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $141.66M USD Point-in-time
Deferred income taxes, net DeferredTaxLiabilitiesCurrent $1.60M USD Point-in-time
Deferred income taxes, net DeferredTaxLiabilitiesCurrent $1.65M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $2.08M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $1.98M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $153.72M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $207.99M USD Point-in-time
Deferred Income Taxes DeferredTaxLiabilitiesNoncurrent $66.57M USD Point-in-time
Deferred Income Taxes DeferredTaxLiabilitiesNoncurrent $71.58M USD Point-in-time
Other Long-term Liabilities LiabilityForUncertainTaxPositionsNoncurrent $9.31M USD Point-in-time
Other Long-term Liabilities LiabilityForUncertainTaxPositionsNoncurrent $8.61M USD Point-in-time
Total Liabilities Liabilities $234.61M USD Point-in-time
Total Liabilities Liabilities $283.17M USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies CommitmentsAndContingencies - USD Point-in-time
Common stock, $.01 par value, 750,000 shares authorized; 169,071 and 169,242 shares issued and outstanding CommonStockValue $1.69M USD Point-in-time
Common stock, $.01 par value, 750,000 shares authorized; 169,071 and 169,242 shares issued and outstanding CommonStockValue $1.69M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $721.22M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $758.64M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $444.02M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $431.60M USD Point-in-time
Accumulated other comprehensive income, net AccumulatedOtherComprehensiveIncomeLossNetOfTax $1.49M USD Point-in-time
Accumulated other comprehensive income, net AccumulatedOtherComprehensiveIncomeLossNetOfTax $14.00K USD Point-in-time
Total Shareholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.20B USD Point-in-time
Total Shareholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.16B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $1.44B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $1.44B USD Point-in-time
Income Statement 60 line items
Line Item Tag Value Unit Period
Asset management, administration and distribution fees InvestmentAdvisoryManagementAndAdministrativeFees $225.07M USD 1 Quarter
Asset management, administration and distribution fees InvestmentAdvisoryManagementAndAdministrativeFees $198.63M USD 1 Quarter
Information processing and software servicing fees InformationProcessingAndSoftwareServiceFees $64.53M USD 1 Quarter
Information processing and software servicing fees InformationProcessingAndSoftwareServiceFees $69.18M USD 1 Quarter
Transaction-based and trade execution fees TransactionBasedAndTradeExecutionFees $8.71M USD 1 Quarter
Transaction-based and trade execution fees TransactionBasedAndTradeExecutionFees $8.14M USD 1 Quarter
Total revenues Revenues $302.39M USD 1 Quarter
Total revenues Revenues $271.88M USD 1 Quarter
Subadvisory, distribution and other asset management costs SubadvisoryDistributionandOtherAssetManagementCosts $34.01M USD 1 Quarter
Subadvisory, distribution and other asset management costs SubadvisoryDistributionandOtherAssetManagementCosts $27.93M USD 1 Quarter
Software royalties and other information processing costs SoftwareRoyaltiesandOtherInformationProcessingCosts $8.55M USD 1 Quarter
Software royalties and other information processing costs SoftwareRoyaltiesandOtherInformationProcessingCosts $7.49M USD 1 Quarter
Brokerage commissions BrokerageCommissions $5.98M USD 1 Quarter
Brokerage commissions BrokerageCommissions $6.51M USD 1 Quarter
Compensation, benefits and other personnel CompensationBenefitsandOtherPersonnel $94.42M USD 1 Quarter
Compensation, benefits and other personnel CompensationBenefitsandOtherPersonnel $88.61M USD 1 Quarter
Stock-based compensation AllocatedShareBasedCompensationExpense $2.82M USD 1 Quarter
Stock-based compensation AllocatedShareBasedCompensationExpense $5.29M USD 1 Quarter
Consulting, outsourcing and professional fees ProfessionalFees $31.85M USD 1 Quarter
Consulting, outsourcing and professional fees ProfessionalFees $34.93M USD 1 Quarter
Data processing and computer related InformationTechnologyAndDataProcessing $12.06M USD 1 Quarter
Data processing and computer related InformationTechnologyAndDataProcessing $12.62M USD 1 Quarter
Facilities, supplies and other costs OccupancyNet $15.85M USD 1 Quarter
Facilities, supplies and other costs OccupancyNet $18.15M USD 1 Quarter
Amortization AmortizationOfIntangibleAssets $9.21M USD 1 Quarter
Amortization AmortizationOfIntangibleAssets $8.24M USD 1 Quarter
Depreciation DepreciationNonproduction $5.70M USD 1 Quarter
Depreciation DepreciationNonproduction $5.58M USD 1 Quarter
Total expenses CostsAndExpenses $223.99M USD 1 Quarter
Total expenses CostsAndExpenses $211.84M USD 1 Quarter
Income from operations OperatingIncomeLoss $78.39M USD 1 Quarter
Income from operations OperatingIncomeLoss $60.04M USD 1 Quarter
Net gain from investments GainLossOnInvestments $280.00K USD 1 Quarter
Net gain from investments GainLossOnInvestments $136.00K USD 1 Quarter
Interest and dividend income InvestmentIncomeInterestAndDividend $1.05M USD 1 Quarter
Interest and dividend income InvestmentIncomeInterestAndDividend $777.00K USD 1 Quarter
Interest expense InterestExpense $113.00K USD 1 Quarter
Interest expense InterestExpense $113.00K USD 1 Quarter
Equity in earnings of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $31.89M USD 1 Quarter
Equity in earnings of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $27.59M USD 1 Quarter
Gain on sale of subsidiary GainOrLossOnSaleOfStockInSubsidiary $22.11M USD 1 Quarter
Gain on sale of subsidiary GainOrLossOnSaleOfStockInSubsidiary $5.58M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $116.67M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $110.96M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $38.69M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $41.84M USD 1 Quarter
Net income ProfitLoss $72.27M USD 1 Quarter
Net income ProfitLoss $74.82M USD 1 Quarter
Less: Net income attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Less: Net income attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $350.00K USD 1 Quarter
Net income attributable to SEI Investments Company NetIncomeLoss $74.82M USD 1 Quarter
Net income attributable to SEI Investments Company NetIncomeLoss $71.92M USD 1 Quarter
Basic earnings per common share EarningsPerShareBasic $0.42 USD 1 Quarter
Basic earnings per common share EarningsPerShareBasic $0.44 USD 1 Quarter
Shares used to compute basic earnings per share WeightedAverageNumberOfSharesIssuedBasic 172.60M shares 1 Quarter
Shares used to compute basic earnings per share WeightedAverageNumberOfSharesIssuedBasic 169.31M shares 1 Quarter
Diluted earnings per common share EarningsPerShareDiluted $0.43 USD 1 Quarter
Diluted earnings per common share EarningsPerShareDiluted $0.41 USD 1 Quarter
Shares used to compute diluted earnings per share WeightedAverageNumberOfDilutedSharesOutstanding 176.00M shares 1 Quarter
Shares used to compute diluted earnings per share WeightedAverageNumberOfDilutedSharesOutstanding 173.83M shares 1 Quarter
Cash Flow Statement 42 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $72.27M USD 1 Quarter
Net income ProfitLoss $74.82M USD 1 Quarter
Adjustments to reconcile net income to net cash provided by operating activities (See Note 1) AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $-30.88M USD 1 Quarter
Adjustments to reconcile net income to net cash provided by operating activities (See Note 1) AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $-32.80M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $43.94M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $39.48M USD 1 Quarter
Additions to property and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.74M USD 1 Quarter
Additions to property and equipment PaymentsToAcquirePropertyPlantAndEquipment $7.63M USD 1 Quarter
Additions to capitalized software PaymentsToAcquireSoftware $9.41M USD 1 Quarter
Additions to capitalized software PaymentsToAcquireSoftware $6.05M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $11.58M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $6.64M USD 1 Quarter
Prepayments and maturities of marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $9.84M USD 1 Quarter
Prepayments and maturities of marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $9.08M USD 1 Quarter
Sales of marketable securities SaleOfMarketableSecurities $4.21M USD 1 Quarter
Sales of marketable securities SaleOfMarketableSecurities - USD 1 Quarter
Sale of subsidiary, net of cash transferred ProceedsFromDivestitureOfBusinessesNetOfCashDivested - USD 1 Quarter
Sale of subsidiary, net of cash transferred ProceedsFromDivestitureOfBusinessesNetOfCashDivested $-26.69M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-20.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-14.60M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-32.00M USD 1 Quarter
Purchase and retirement of common stock PaymentsForRepurchaseOfCommonStock $34.47M USD 1 Quarter
Purchase and retirement of common stock PaymentsForRepurchaseOfCommonStock $65.95M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $24.28M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $35.79M USD 1 Quarter
Tax benefit on stock options exercised ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $5.41M USD 1 Quarter
Tax benefit on stock options exercised ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $2.56M USD 1 Quarter
Payment of dividends PaymentsOfDividends - USD 1 Quarter
Payment of dividends PaymentsOfDividends $37.31M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-7.62M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-62.06M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-32.72M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-148.00K USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $452.25M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $578.27M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $545.55M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $452.10M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $452.25M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $578.27M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $545.55M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $452.10M USD Point-in-time
Comprehensive Income 22 line items
Line Item Tag Value Unit Period
Unrealized gains (losses) during the period, income tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $41.00K USD 1 Quarter
Net income ProfitLoss $72.27M USD 1 Quarter
Net income ProfitLoss $74.82M USD 1 Quarter
Unrealized gains (losses) during the period, income tax expense (benefit) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-295.00K USD 1 Quarter
Reclassification adjustment for losses (gains) realized in net income, income tax benefit (expense) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $25.00K USD 1 Quarter
Reclassification adjustment for losses (gains) realized in net income, income tax benefit (expense) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $119.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.97M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-5.31M USD 1 Quarter
Unrealized gains during the period, net of income taxes of $(295) and $41 OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $121.00K USD 1 Quarter
Unrealized gains during the period, net of income taxes of $(295) and $41 OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $538.00K USD 1 Quarter
Less: reclassification adjustment for gains realized in net income, net of income taxes of $25 and $119 OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $221.00K USD 1 Quarter
Less: reclassification adjustment for gains realized in net income, net of income taxes of $25 and $119 OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $45.00K USD 1 Quarter
Net unrealized gain (loss) on investments UnrealizedGainLossOnInvestments $493.00K USD 1 Quarter
Net unrealized gain (loss) on investments UnrealizedGainLossOnInvestments $-100.00K USD 1 Quarter
Total other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-1.47M USD 1 Quarter
Total other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-5.41M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $73.35M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $66.86M USD 1 Quarter
Comprehensive loss attributable to the noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest - USD 1 Quarter
Comprehensive loss attributable to the noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-101.00K USD 1 Quarter
Comprehensive income attributable to SEI Investments Company ComprehensiveIncomeNetOfTax $66.96M USD 1 Quarter
Comprehensive income attributable to SEI Investments Company ComprehensiveIncomeNetOfTax $73.35M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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