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10-Q Filing

SEI INVESTMENTS CO CIK: 350894 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0000350894-17-000024
Period End Date 20170331
Filing Date 20170420
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance seic-20170331.xml
Filing Contents
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Receivables, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $518.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $638.25M USD Point-in-time
Receivables, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $523.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $679.66M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $661.37M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $695.70M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $3.50M USD Point-in-time
Property and Equipment, accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $285.32M USD Point-in-time
Property and Equipment, accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $291.50M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $3.50M USD Point-in-time
Capitalized Software, accumulated amortization CapitalizedComputerSoftwareAccumulatedAmortization $315.51M USD Point-in-time
Receivables from investment products DueFromOtherRelatedPartiesCurrent $51.45M USD Point-in-time
Receivables from investment products DueFromOtherRelatedPartiesCurrent $61.76M USD Point-in-time
Capitalized Software, accumulated amortization CapitalizedComputerSoftwareAccumulatedAmortization $303.54M USD Point-in-time
Receivables, net of allowance for doubtful accounts of $518 and $523 ReceivablesNetCurrent $227.96M USD Point-in-time
Receivables, net of allowance for doubtful accounts of $518 and $523 ReceivablesNetCurrent $252.21M USD Point-in-time
Securities owned FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue $21.37M USD Point-in-time
Securities owned FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue $21.34M USD Point-in-time
Other current assets OtherAssetsCurrent $27.57M USD Point-in-time
Other current assets OtherAssetsCurrent $29.87M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Total Current Assets AssetsCurrent $1.04B USD Point-in-time
Total Current Assets AssetsCurrent $1.02B USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Property and Equipment, net of accumulated depreciation of $291,500 and $285,322 PropertyPlantAndEquipmentNet $146.19M 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 $291,500 and $285,322 PropertyPlantAndEquipmentNet $142.73M USD Point-in-time
Capitalized Software, net of accumulated amortization of $315,512 and $303,540 CapitalizedComputerSoftwareNet $300.76M USD Point-in-time
Capitalized Software, net of accumulated amortization of $315,512 and $303,540 CapitalizedComputerSoftwareNet $295.87M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 158.69M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 159.03M shares Point-in-time
Investments Available for Sale AvailableForSaleSecuritiesNoncurrent $84.03M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 158.69M shares Point-in-time
Investments Available for Sale AvailableForSaleSecuritiesNoncurrent $89.26M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 159.03M shares Point-in-time
Investments in Affiliated Funds, at fair value OtherMarketableSecuritiesNoncurrent $4.86M USD Point-in-time
Investments in Affiliated Funds, at fair value OtherMarketableSecuritiesNoncurrent $5.16M USD Point-in-time
Investment in Unconsolidated Affiliate InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $50.46M USD Point-in-time
Investment in Unconsolidated Affiliate InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures $48.76M USD Point-in-time
Deferred Income Taxes DeferredTaxAssetsLiabilitiesNetNoncurrent $2.13M USD Point-in-time
Deferred Income Taxes DeferredTaxAssetsLiabilitiesNetNoncurrent $1.88M USD Point-in-time
Other Assets, net OtherAssetsNoncurrent $16.24M USD Point-in-time
Other Assets, net OtherAssetsNoncurrent $15.46M USD Point-in-time
Total Assets Assets $1.62B USD Point-in-time
Total Assets Assets $1.64B USD Point-in-time
Accounts payable AccountsPayableCurrent $7.37M USD Point-in-time
Accounts payable AccountsPayableCurrent $5.97M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $167.06M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $240.53M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $2.34M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $2.88M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $176.77M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $249.37M USD Point-in-time
Deferred Tax Liabilities, Net DeferredTaxLiabilities $69.38M USD Point-in-time
Deferred Tax Liabilities, Net DeferredTaxLiabilities $69.69M USD Point-in-time
Other Long-term Liabilities LiabilityForUncertainTaxPositionsNoncurrent $15.61M USD Point-in-time
Other Long-term Liabilities LiabilityForUncertainTaxPositionsNoncurrent $14.64M USD Point-in-time
Total Liabilities Liabilities $333.71M USD Point-in-time
Total Liabilities Liabilities $261.76M 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; 158,687 and 159,031 shares issued and outstanding CommonStockValue $1.59M USD Point-in-time
Common stock, $.01 par value, 750,000 shares authorized; 158,687 and 159,031 shares issued and outstanding CommonStockValue $1.59M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $955.46M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $976.01M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $384.02M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $420.71M USD Point-in-time
Accumulated other comprehensive loss, net AccumulatedOtherComprehensiveIncomeLossNetOfTax $-37.95M USD Point-in-time
Accumulated other comprehensive loss, net AccumulatedOtherComprehensiveIncomeLossNetOfTax $-35.51M USD Point-in-time
Total Shareholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.30B USD Point-in-time
Total Shareholders' Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.36B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $1.62B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $1.64B USD Point-in-time
Income Statement 56 line items
Line Item Tag Value Unit Period
Asset management, administration and distribution fees InvestmentAdvisoryManagementAndAdministrativeFees $278.56M USD 1 Quarter
Asset management, administration and distribution fees InvestmentAdvisoryManagementAndAdministrativeFees $251.44M USD 1 Quarter
Information processing and software servicing fees InformationProcessingAndSoftwareServiceFees $73.40M USD 1 Quarter
Information processing and software servicing fees InformationProcessingAndSoftwareServiceFees $74.76M USD 1 Quarter
Transaction-based and trade execution fees TransactionBasedAndTradeExecutionFees $6.66M USD 1 Quarter
Transaction-based and trade execution fees TransactionBasedAndTradeExecutionFees $9.43M USD 1 Quarter
Total revenues Revenues $334.26M USD 1 Quarter
Total revenues Revenues $359.98M USD 1 Quarter
Subadvisory, distribution and other asset management costs SubadvisoryDistributionandOtherAssetManagementCosts $42.50M USD 1 Quarter
Subadvisory, distribution and other asset management costs SubadvisoryDistributionandOtherAssetManagementCosts $39.20M USD 1 Quarter
Software royalties and other information processing costs SoftwareRoyaltiesandOtherInformationProcessingCosts $7.75M USD 1 Quarter
Software royalties and other information processing costs SoftwareRoyaltiesandOtherInformationProcessingCosts $7.66M USD 1 Quarter
Brokerage commissions BrokerageCommissions $4.96M USD 1 Quarter
Brokerage commissions BrokerageCommissions $7.11M USD 1 Quarter
Compensation, benefits and other personnel CompensationBenefitsandOtherPersonnel $108.94M USD 1 Quarter
Compensation, benefits and other personnel CompensationBenefitsandOtherPersonnel $101.93M USD 1 Quarter
Stock-based compensation AllocatedShareBasedCompensationExpense $3.79M USD 1 Quarter
Stock-based compensation AllocatedShareBasedCompensationExpense $6.18M USD 1 Quarter
Consulting, outsourcing and professional fees ProfessionalFees $38.51M USD 1 Quarter
Consulting, outsourcing and professional fees ProfessionalFees $43.15M USD 1 Quarter
Data processing and computer related InformationTechnologyAndDataProcessing $15.72M USD 1 Quarter
Data processing and computer related InformationTechnologyAndDataProcessing $16.77M USD 1 Quarter
Facilities, supplies and other costs OccupancyNet $17.48M USD 1 Quarter
Facilities, supplies and other costs OccupancyNet $16.00M USD 1 Quarter
Amortization AmortizationOfIntangibleAssets $12.02M USD 1 Quarter
Amortization AmortizationOfIntangibleAssets $11.01M USD 1 Quarter
Depreciation DepreciationNonproduction $6.80M USD 1 Quarter
Depreciation DepreciationNonproduction $6.45M USD 1 Quarter
Total expenses CostsAndExpenses $266.47M USD 1 Quarter
Total expenses CostsAndExpenses $247.45M USD 1 Quarter
Income from operations OperatingIncomeLoss $86.81M USD 1 Quarter
Income from operations OperatingIncomeLoss $93.52M USD 1 Quarter
Net gain (loss) from investments GainLossOnInvestments $-126.00K USD 1 Quarter
Net gain (loss) from investments GainLossOnInvestments $347.00K USD 1 Quarter
Interest and dividend income InvestmentIncomeInterestAndDividend $1.34M USD 1 Quarter
Interest and dividend income InvestmentIncomeInterestAndDividend $1.08M USD 1 Quarter
Interest expense InterestExpense $112.00K USD 1 Quarter
Interest expense InterestExpense $114.00K USD 1 Quarter
Equity in earnings of unconsolidated affiliate IncomeLossFromEquityMethodInvestments $33.56M USD 1 Quarter
Equity in earnings of unconsolidated affiliate IncomeLossFromEquityMethodInvestments $29.19M USD 1 Quarter
Gain on sale of subsidiary GainOrLossOnSaleOfStockInSubsidiary $2.79M USD 1 Quarter
Gain on sale of subsidiary GainOrLossOnSaleOfStockInSubsidiary - USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $119.64M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $128.66M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $39.92M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $42.14M USD 1 Quarter
Basic earnings per common share EarningsPerShareBasic $0.56 USD 1 Quarter
Basic earnings per common share EarningsPerShareBasic $0.48 USD 1 Quarter
Net income ProfitLoss $88.74M USD 1 Quarter
Net income ProfitLoss $77.50M USD 1 Quarter
Shares used to compute basic earnings per share WeightedAverageNumberOfSharesIssuedBasic 159.09M shares 1 Quarter
Shares used to compute basic earnings per share WeightedAverageNumberOfSharesIssuedBasic 163.01M shares 1 Quarter
Diluted earnings per common share EarningsPerShareDiluted $0.47 USD 1 Quarter
Diluted earnings per common share EarningsPerShareDiluted $0.55 USD 1 Quarter
Shares used to compute diluted earnings per share WeightedAverageNumberOfDilutedSharesOutstanding 162.74M shares 1 Quarter
Shares used to compute diluted earnings per share WeightedAverageNumberOfDilutedSharesOutstanding 166.15M shares 1 Quarter
Cash Flow Statement 42 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $88.74M USD 1 Quarter
Net income ProfitLoss $77.50M USD 1 Quarter
Adjustments to reconcile net income to net cash provided by operating activities (See Note 1) AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $-15.72M USD 1 Quarter
Adjustments to reconcile net income to net cash provided by operating activities (See Note 1) AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $1.15M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $78.64M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $73.01M USD 1 Quarter
Additions to property and equipment PaymentsToAcquirePropertyPlantAndEquipment $4.61M USD 1 Quarter
Additions to property and equipment PaymentsToAcquirePropertyPlantAndEquipment $3.21M USD 1 Quarter
Additions to capitalized software PaymentsForSoftware $16.86M USD 1 Quarter
Additions to capitalized software PaymentsForSoftware $9.48M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $20.45M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $8.65M USD 1 Quarter
Prepayments and maturities of marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $15.17M USD 1 Quarter
Prepayments and maturities of marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $12.09M USD 1 Quarter
Sales of marketable securities SaleOfMarketableSecurities $185.00K USD 1 Quarter
Sales of marketable securities SaleOfMarketableSecurities - 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
Other investing activities PaymentsForProceedsFromOtherInvestingActivities $-200.00K USD 1 Quarter
Other investing activities PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-25.34M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-7.47M USD 1 Quarter
Purchase and retirement of common stock PaymentsForRepurchaseOfCommonStock $56.55M USD 1 Quarter
Purchase and retirement of common stock PaymentsForRepurchaseOfCommonStock $78.37M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $16.85M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $6.48M USD 1 Quarter
Payment of dividends PaymentsOfDividends $42.68M USD 1 Quarter
Payment of dividends PaymentsOfDividends $44.60M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-114.57M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-84.30M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $2.31M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $1.99M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-34.33M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-41.41M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $638.25M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $679.66M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $661.37M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $695.70M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $638.25M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $679.66M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $661.37M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $695.70M 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 $-191.00K USD 1 Quarter
Net income ProfitLoss $88.74M USD 1 Quarter
Unrealized (losses) gains during the period, income tax benefit (expense) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax $19.00K USD 1 Quarter
Net income ProfitLoss $77.50M USD 1 Quarter
Reclassification adjustment for (gains) losses realized in net income, income tax expense (benefit) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $-103.00K USD 1 Quarter
Reclassification adjustment for (gains) losses realized in net income, income tax expense (benefit) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax $10.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $2.43M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $2.49M USD 1 Quarter
Unrealized (losses) gains during the period, net of income taxes of $19 and $(191) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $330.00K USD 1 Quarter
Unrealized (losses) gains during the period, net of income taxes of $19 and $(191) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-24.00K USD 1 Quarter
Less: reclassification adjustment for (gains) losses realized in net income, net of income taxes of $10 and $(103) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $22.00K USD 1 Quarter
Less: reclassification adjustment for (gains) losses realized in net income, net of income taxes of $10 and $(103) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $-187.00K USD 1 Quarter
Unrealized (loss) gain on investments: OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $517.00K USD 1 Quarter
Unrealized (loss) gain on investments: OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-46.00K USD 1 Quarter
Total other comprehensive gain, net of tax OtherComprehensiveIncomeLossNetOfTax $2.95M USD 1 Quarter
Total other comprehensive gain, net of tax OtherComprehensiveIncomeLossNetOfTax $2.44M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $80.44M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $91.18M USD 1 Quarter

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

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