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10-Q Filing

SEI INVESTMENTS CO CIK: 350894 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0000350894-15-000023
Period End Date 20150331
Filing Date 20150422
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance seic-20150331.xml
Filing Contents
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Receivables, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $667.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $545.55M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $643.26M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $578.27M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $667.45M USD Point-in-time
Receivables, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $784.00K USD Point-in-time
Property and Equipment, accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $246.88M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $5.80M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $5.80M USD Point-in-time
Property and Equipment, accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $241.29M USD Point-in-time
Receivables from regulated investment companies DueFromOtherRelatedPartiesCurrent $47.01M USD Point-in-time
Capitalized Software, accumulated amortization CapitalizedComputerSoftwareAccumulatedAmortization $228.81M USD Point-in-time
Receivables from regulated investment companies DueFromOtherRelatedPartiesCurrent $48.39M USD Point-in-time
Capitalized Software, accumulated amortization CapitalizedComputerSoftwareAccumulatedAmortization $218.51M USD Point-in-time
Receivables, net of allowance for doubtful accounts of $667 and $784 ReceivablesNetCurrent $194.42M USD Point-in-time
Receivables, net of allowance for doubtful accounts of $667 and $784 ReceivablesNetCurrent $200.67M USD Point-in-time
Securities owned FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue $21.19M USD Point-in-time
Securities owned FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue $21.18M USD Point-in-time
Other current assets OtherAssetsCurrent $18.19M USD Point-in-time
Other current assets OtherAssetsCurrent $25.03M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Total Current Assets AssetsCurrent $955.43M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Total Current Assets AssetsCurrent $942.96M USD Point-in-time
Property and Equipment, net of accumulated depreciation of $246,881 and $241,295 PropertyPlantAndEquipmentNet $125.53M 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 $246,881 and $241,295 PropertyPlantAndEquipmentNet $125.86M USD Point-in-time
Capitalized Software, net of accumulated amortization of $228,815 and $218,514 CapitalizedComputerSoftwareNet $306.73M USD Point-in-time
Capitalized Software, net of accumulated amortization of $228,815 and $218,514 CapitalizedComputerSoftwareNet $309.04M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 166.69M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 166.07M shares Point-in-time
Investments Available for Sale AvailableForSaleSecuritiesNoncurrent $77.61M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 166.67M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 166.07M shares Point-in-time
Investments Available for Sale AvailableForSaleSecuritiesNoncurrent $74.22M USD Point-in-time
Investments in Affiliated Funds, at fair value OtherMarketableSecuritiesNoncurrent $4.45M USD Point-in-time
Investments in Affiliated Funds, at fair value OtherMarketableSecuritiesNoncurrent $4.52M USD Point-in-time
Investment in Unconsolidated Affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $51.32M USD Point-in-time
Investment in Unconsolidated Affiliates InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $54.29M USD Point-in-time
Other Assets, net OtherAssetsNoncurrent $16.44M USD Point-in-time
Other Assets, net OtherAssetsNoncurrent $16.45M USD Point-in-time
Total Assets Assets $1.54B USD Point-in-time
Total Assets Assets $1.52B USD Point-in-time
Accounts payable AccountsPayableCurrent $6.05M USD Point-in-time
Accounts payable AccountsPayableCurrent $10.59M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $152.23M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $207.43M USD Point-in-time
Deferred income taxes, net DeferredTaxLiabilitiesCurrent $1.41M USD Point-in-time
Deferred income taxes, net DeferredTaxLiabilitiesCurrent $1.30M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $3.62M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $1.75M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $163.19M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $221.18M USD Point-in-time
Deferred Income Taxes DeferredTaxLiabilitiesNoncurrent $63.74M USD Point-in-time
Deferred Income Taxes DeferredTaxLiabilitiesNoncurrent $63.76M USD Point-in-time
Other Long-term Liabilities LiabilityForUncertainTaxPositionsNoncurrent $10.79M USD Point-in-time
Other Long-term Liabilities LiabilityForUncertainTaxPositionsNoncurrent $10.33M USD Point-in-time
Total Liabilities Liabilities $295.26M USD Point-in-time
Total Liabilities Liabilities $237.73M 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; 166,071 and 166,688 shares issued and outstanding CommonStockValue $1.67M USD Point-in-time
Common stock, $.01 par value, 750,000 shares authorized; 166,071 and 166,688 shares issued and outstanding CommonStockValue $1.66M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $834.62M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $855.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $445.37M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $420.23M USD Point-in-time
Accumulated other comprehensive loss, net AccumulatedOtherComprehensiveIncomeLossNetOfTax $-8.89M USD Point-in-time
Accumulated other comprehensive loss, net AccumulatedOtherComprehensiveIncomeLossNetOfTax $-17.77M USD Point-in-time
Total Shareholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.25B USD Point-in-time
Total Shareholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.28B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $1.52B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $1.54B USD Point-in-time
Income Statement 56 line items
Line Item Tag Value Unit Period
Asset management, administration and distribution fees InvestmentAdvisoryManagementAndAdministrativeFees $246.77M USD 1 Quarter
Asset management, administration and distribution fees InvestmentAdvisoryManagementAndAdministrativeFees $225.07M USD 1 Quarter
Information processing and software servicing fees InformationProcessingAndSoftwareServiceFees $70.65M USD 1 Quarter
Information processing and software servicing fees InformationProcessingAndSoftwareServiceFees $69.18M USD 1 Quarter
Transaction-based and trade execution fees TransactionBasedAndTradeExecutionFees $8.14M USD 1 Quarter
Transaction-based and trade execution fees TransactionBasedAndTradeExecutionFees $8.02M USD 1 Quarter
Total revenues Revenues $302.39M USD 1 Quarter
Total revenues Revenues $325.44M USD 1 Quarter
Subadvisory, distribution and other asset management costs SubadvisoryDistributionandOtherAssetManagementCosts $34.01M USD 1 Quarter
Subadvisory, distribution and other asset management costs SubadvisoryDistributionandOtherAssetManagementCosts $38.52M USD 1 Quarter
Software royalties and other information processing costs SoftwareRoyaltiesandOtherInformationProcessingCosts $8.55M USD 1 Quarter
Software royalties and other information processing costs SoftwareRoyaltiesandOtherInformationProcessingCosts $7.51M USD 1 Quarter
Brokerage commissions BrokerageCommissions $5.97M USD 1 Quarter
Brokerage commissions BrokerageCommissions $5.98M USD 1 Quarter
Compensation, benefits and other personnel CompensationBenefitsandOtherPersonnel $94.19M USD 1 Quarter
Compensation, benefits and other personnel CompensationBenefitsandOtherPersonnel $94.42M USD 1 Quarter
Stock-based compensation AllocatedShareBasedCompensationExpense $3.75M USD 1 Quarter
Stock-based compensation AllocatedShareBasedCompensationExpense $2.82M USD 1 Quarter
Consulting, outsourcing and professional fees ProfessionalFees $34.93M USD 1 Quarter
Consulting, outsourcing and professional fees ProfessionalFees $35.63M USD 1 Quarter
Data processing and computer related InformationTechnologyAndDataProcessing $12.62M USD 1 Quarter
Data processing and computer related InformationTechnologyAndDataProcessing $13.40M USD 1 Quarter
Facilities, supplies and other costs OccupancyNet $15.85M USD 1 Quarter
Facilities, supplies and other costs OccupancyNet $17.06M USD 1 Quarter
Amortization AmortizationOfIntangibleAssets $9.21M USD 1 Quarter
Amortization AmortizationOfIntangibleAssets $10.36M USD 1 Quarter
Depreciation DepreciationNonproduction $6.00M USD 1 Quarter
Depreciation DepreciationNonproduction $5.58M USD 1 Quarter
Total expenses CostsAndExpenses $232.37M USD 1 Quarter
Total expenses CostsAndExpenses $223.99M USD 1 Quarter
Income from operations OperatingIncomeLoss $93.07M USD 1 Quarter
Income from operations OperatingIncomeLoss $78.39M USD 1 Quarter
Net gain from investments GainLossOnInvestments $250.00K USD 1 Quarter
Net gain from investments GainLossOnInvestments $136.00K USD 1 Quarter
Interest and dividend income InvestmentIncomeInterestAndDividend $777.00K USD 1 Quarter
Interest and dividend income InvestmentIncomeInterestAndDividend $969.00K 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 $34.03M USD 1 Quarter
Equity in earnings of unconsolidated affiliates IncomeLossFromEquityMethodInvestments $31.89M USD 1 Quarter
Gain on sale of subsidiary GainOrLossOnSaleOfStockInSubsidiary $5.58M USD 1 Quarter
Gain on sale of subsidiary GainOrLossOnSaleOfStockInSubsidiary $2.79M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $116.67M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $131.00M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $41.84M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $46.39M USD 1 Quarter
Net income ProfitLoss $74.82M USD 1 Quarter
Net income ProfitLoss $84.61M USD 1 Quarter
Basic earnings per common share EarningsPerShareBasic $0.44 USD 1 Quarter
Basic earnings per common share EarningsPerShareBasic $0.51 USD 1 Quarter
Shares used to compute basic earnings per share WeightedAverageNumberOfSharesIssuedBasic 169.31M shares 1 Quarter
Shares used to compute basic earnings per share WeightedAverageNumberOfSharesIssuedBasic 166.69M shares 1 Quarter
Diluted earnings per common share EarningsPerShareDiluted $0.50 USD 1 Quarter
Diluted earnings per common share EarningsPerShareDiluted $0.43 USD 1 Quarter
Shares used to compute diluted earnings per share WeightedAverageNumberOfDilutedSharesOutstanding 170.70M shares 1 Quarter
Shares used to compute diluted earnings per share WeightedAverageNumberOfDilutedSharesOutstanding 173.83M shares 1 Quarter
Cash Flow Statement 44 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $74.82M USD 1 Quarter
Net income ProfitLoss $84.61M USD 1 Quarter
Adjustments to reconcile net income to net cash provided by operating activities (See Note 1) AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $-29.33M USD 1 Quarter
Adjustments to reconcile net income to net cash provided by operating activities (See Note 1) AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $-6.68M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $77.93M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $45.49M USD 1 Quarter
Additions to restricted cash IncreaseInRestrictedCash - USD 1 Quarter
Additions to restricted cash IncreaseInRestrictedCash $4.00K USD 1 Quarter
Additions to property and equipment PaymentsToAcquirePropertyPlantAndEquipment $7.63M USD 1 Quarter
Additions to property and equipment PaymentsToAcquirePropertyPlantAndEquipment $7.39M USD 1 Quarter
Additions to capitalized software PaymentsForSoftware $7.99M USD 1 Quarter
Additions to capitalized software PaymentsForSoftware $9.41M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $6.64M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $4.11M USD 1 Quarter
Prepayments and maturities of marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $7.38M USD 1 Quarter
Prepayments and maturities of marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $9.08M USD 1 Quarter
Receipt of contingent payment from sale of SEI AK ProceedsFromDivestitureOfBusinessesNetOfCashDivested - USD 1 Quarter
Receipt of contingent payment from sale of SEI AK ProceedsFromDivestitureOfBusinessesNetOfCashDivested $2.79M USD 1 Quarter
Purchases of other investments PaymentsForProceedsFromOtherInvestingActivities $1.00M USD 1 Quarter
Purchases of other investments PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-14.60M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-10.32M USD 1 Quarter
Purchase and retirement of common stock PaymentsForRepurchaseOfCommonStock $65.95M USD 1 Quarter
Purchase and retirement of common stock PaymentsForRepurchaseOfCommonStock $67.53M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $35.79M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $19.21M USD 1 Quarter
Tax benefit on stock options exercised ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $3.27M USD 1 Quarter
Tax benefit on stock options exercised ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $5.41M USD 1 Quarter
Payment of dividends PaymentsOfDividends $40.18M USD 1 Quarter
Payment of dividends PaymentsOfDividends $37.31M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-62.06M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-85.23M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-1.55M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-6.56M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-24.19M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-32.72M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $545.55M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $643.26M 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 $667.45M 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 $643.26M 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 $667.45M USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Unrealized (losses) gains during the period, income tax benefit (expense) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-25.00K USD 1 Quarter
Net income ProfitLoss $74.82M USD 1 Quarter
Unrealized (losses) gains during the period, income tax benefit (expense) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $-295.00K USD 1 Quarter
Net income ProfitLoss $84.61M USD 1 Quarter
Reclassification adjustment for losses (gains) realized in net income, income tax (benefit) expense OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $52.00K USD 1 Quarter
Reclassification adjustment for losses (gains) realized in net income, income tax (benefit) expense OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $25.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.97M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-8.78M USD 1 Quarter
Unrealized gains during the period, net of income taxes of $(25) and $(295) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $7.00K USD 1 Quarter
Unrealized gains during the period, net of income taxes of $(25) and $(295) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $538.00K USD 1 Quarter
Less: reclassification adjustment for gains realized in net income, net of income taxes of $52 and $25 OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $94.00K USD 1 Quarter
Less: reclassification adjustment for gains realized in net income, net of income taxes of $52 and $25 OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $45.00K USD 1 Quarter
Unrealized (loss) gain on investments: OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-87.00K USD 1 Quarter
Unrealized (loss) gain on investments: OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $493.00K USD 1 Quarter
Total other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-1.47M USD 1 Quarter
Total other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-8.87M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $73.35M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $75.74M USD 1 Quarter

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

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