SEI Investments Company (SEIC) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 FREEDOM VALLEY DRIVE
OAKS, PA 19456-1100
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 6211 - Security Brokers, Dealers, and Flotation Companies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments834,697854,443777,051834,355853,008791,437
Cash and cash equivalents834,697854,443777,051834,355853,008791,437
Restricted cash and investments301301300352351351
Receivables557,320574,541577,904513,970519,098573,915
Other current assets54,46457,35755,61050,96448,70354,931
Other undisclosed current assets31,33432,74831,04031,77932,14831,586
Total current assets:1,478,1161,519,3901,441,9051,431,4201,453,3081,452,220
Noncurrent Assets
Operating lease, right-of-use asset22,47720,68622,29323,99224,99224,187
Property, plant and equipment171,364177,521180,503183,207181,029182,522
Long-term investments and receivables273,510171,045177,881185,847239,240154,007
Long-term investments273,510171,045177,881185,847239,240154,007
Intangible assets, net (including goodwill)219,776162,010165,223168,169171,131175,710
Goodwill137,333115,597115,602115,602115,599117,509
Intangible assets, net (excluding goodwill)82,44346,41349,62152,56755,53258,201
Deferred income tax assets37,70926,44917,4649,9934,9362,253
Other noncurrent assets37,04737,20138,60938,32333,68732,514
Other undisclosed noncurrent assets280,004282,934281,086277,543275,230272,018
Total noncurrent assets:1,041,887877,846883,059887,074930,245843,211
TOTAL ASSETS:2,520,0032,397,2362,324,9642,318,4942,383,5532,295,431
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities329,563260,070244,384247,844372,646393,284
Employee-related liabilities90,088
Accounts payable10,61810,1987,22014,16013,2838,209
Accrued liabilities318,945249,872237,164233,684359,363294,987
Deferred revenue15,36612,10014,91314,33014,89313,025
Liability for uncertainty in income taxes3,8374,1724,1684,1334,065 
Other undisclosed current liabilities4,2815,7106,9086,1986,279(78,886)
Total current liabilities:353,047282,052270,373272,505397,883327,423
Noncurrent Liabilities
Long-term debt and lease obligation:      18,361
Liabilities, other than long-term debt35,12831,30331,03831,65531,84619,334
Accounts payable and accrued liabilities803803803803803803
Deferred income tax liabilities      3,545
Other liabilities17,09015,36214,20313,19512,25714,986
Operating lease, liability17,23515,13816,03217,65718,78618,361
Total noncurrent liabilities:35,12831,30331,03831,65531,84637,695
Total liabilities:388,175313,355301,411304,160429,729365,118
Equity
Equity, attributable to parent2,131,8282,083,8812,023,5532,014,3341,953,8241,930,313
Common stock1,3121,3161,3221,3331,3421,348
Additional paid in capital1,404,9621,369,4651,337,5381,327,5911,307,1621,285,224
Accumulated other comprehensive loss(37,032)(50,535)(39,979)(44,578)(48,967)(67,589)
Retained earnings762,586763,635724,672729,988694,287711,330
Total equity:2,131,8282,083,8812,023,5532,014,3341,953,8241,930,313
TOTAL LIABILITIES AND EQUITY:2,520,0032,397,2362,324,9642,318,4942,383,5532,295,431

Income Statement (P&L) ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues484,858476,759489,057469,119456,590471,334
Cost of revenue(612,374)(337,290)(344,087)(336,200)(561,222)(330,751)
Other undisclosed gross profit 266,923   229,484 
Gross profit:139,407139,469144,970132,919124,852140,583
Operating expenses229,200(30,997)(32,369)(31,152)198,680(89,537)
Other undisclosed operating loss (266,923)   (229,484) 
Operating income:101,684108,472112,601101,76794,04851,046
Nonoperating income13,27810,91910,0659,52211,4612,556
Investment income, nonoperating13,27810,91910,0659,522 2,556
Interest and debt expense(187)(116)(139)(141)(145)(143)
Income from continuing operations before equity method investments, income taxes:114,775119,275122,527111,148105,36453,459
Income from equity method investments35,41329,92732,71128,87931,74126,654
Income from continuing operations before income taxes:150,188149,202155,238140,027137,10580,113
Income tax expense(29,457)(33,541)(36,387)(33,012)(24,881)(18,454)
Income from continuing operations:120,731115,661118,851107,015112,22461,659
Income before gain (loss) on sale of properties:61,659
Net income available to common stockholders, diluted:120,731115,661118,851107,015112,22461,659

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income:120,731115,661118,851107,015112,22461,659
Comprehensive income:120,731115,661118,851107,015112,22461,659
Other undisclosed comprehensive income (loss), net of tax, attributable to parent13,503(10,556)4,5994,38918,622(21,826)
Comprehensive income, net of tax, attributable to parent:134,234105,105123,450111,404130,84639,833

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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