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SEI Investments Company (SEIC)
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SEIC » Topics » Statements of Cash Flows

This excerpt taken from the SEIC 10-K filed Feb 25, 2009.

Statements of Cash Flows

The following non-cash activities are excluded from the Consolidated Statements of Cash Flows for the year ended December 31, 2006: LSV Employee Group purchased a percentage of LSV from two existing partners for a total purchase price of $92,000. LSV Employee Group contributed $9,200 and borrowed the remaining $82,800 (See Note 2).

These excerpts taken from the SEIC 10-K filed Feb 26, 2008.

Statements of Cash Flows

The following non-cash activities are excluded from the Consolidated Statements of Cash Flows for the year ended December 31, 2006: LSV Employee Group purchased a percentage of LSV from two existing partners for a total purchase price of $92,000. LSV Employee Group contributed $9,200 and borrowed the remaining $82,800 (See Note 2).

Statements of Cash Flows

STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%">The following non-cash activities are excluded from the Consolidated Statements of Cash Flows for the year ended December 31, 2006: LSV Employee
Group purchased a percentage of LSV from two existing partners for a total purchase price of $92,000. LSV Employee Group contributed $9,200 and borrowed the remaining $82,800 (See Note 2).

STYLE="margin-top:18px;margin-bottom:0px; margin-left:4%">New Accounting Pronouncements

In
September 2006, the FASB issued SFAS No. 157 (SFAS 157), “Fair Value Measurements,” which defines fair value, establishes guidelines for measuring fair value and expands disclosures regarding fair value measurements. SFAS 157 does not
require any new fair value measurements but rather eliminates inconsistencies in guidance found in various prior accounting pronouncements. SFAS 157 is effective for fiscal years beginning after November 15, 2007. However, in February 2008, the
FASB issued FASB Staff Position (FSP) FAS 157-2 (FSP FAS 157-2) which delays the effective date of SFAS 157 for all nonfinancial assets and nonfinancial liabilities, except those that are recognized or disclosed at fair value in the financial
statements on a recurring basis (at least annually). This FSP partially defers the effective date of SFAS 157 to fiscal years beginning after November 15, 2008, and interim periods within those fiscal years for items within the scope of this
FSP. Effective for fiscal 2008, the Company will adopt SFAS 157 except as it applies to those nonfinancial assets and nonfinancial liabilities as noted in FSP FAS 157-2. The partial adoption of SFAS 157 is not expected to have a material impact on
the Company’s consolidated financial position, results of operations or cash flows.

In December 2007, the FASB issued SFAS
No. 141 (revised 2007) (SFAS 141R), “Business Combinations” and SFAS No. 160 (SFAS 160), “Noncontrolling Interests in Consolidated Financial Statements, an amendment of Accounting Research Bulletin No. 51.” SFAS
141R will change how business acquisitions are accounted for and will impact financial statements both on the acquisition date and in subsequent periods. SFAS 160 will change the accounting and reporting for minority interests, which will be
re-characterized as noncontrolling interests and classified as a component of equity. SFAS 141R and SFAS 160 will become effective for the Company beginning in the first quarter of fiscal 2009. Early adoption is not permitted. The Company is
currently evaluating the impact that SFAS 141R and SFAS 160 will have on its consolidated financial statements.

In February 2007, the FASB
issued FASB Statement No. 159 (SFAS 159), “The Fair Value Option for Financial Assets and Financial Liabilities.” SFAS 159 permits companies to choose to measure certain financial instruments and certain other items at fair value. The
standard requires that unrealized gains and losses on items for which the fair value option has been elected be reported in earnings. SFAS 159 is effective for all financial statements issued for fiscal years beginning after November 15, 2007.
The Company does not expect the adoption of SFAS 159 to have a material impact on its financial statements.

This excerpt taken from the SEIC 10-K filed Feb 23, 2007.

Statements of Cash Flows

The following non-cash activities are excluded from the Consolidated Statements of Cash Flows for the year ended December 31, 2006: LSV Employee Group purchased a percentage of LSV from two existing partners for a total purchase price of $92,000. LSV Employee Group contributed $9,200 and borrowed the remaining $82,800 (See Note 2).

This excerpt taken from the SEIC 10-Q filed Nov 7, 2005.

Statements of Cash Flows

 

For purposes of the Consolidated Statements of Cash Flows, the Company considers investment instruments purchased with an original maturity of three months or less to be cash equivalents.

 

Supplemental disclosures of cash paid/received during the nine months ended September 30 are as follows:

 

     2005
    2004

Interest paid

    $ 1,496    $ 2,073

Interest and dividends received

      5,589      2,909

Income taxes paid

      46,828      50,276

 

This excerpt taken from the SEIC 10-Q filed Aug 5, 2005.

Statements of Cash Flows

 

For purposes of the Consolidated Statements of Cash Flows, the Company considers investment instruments purchased with an original maturity of three months or less to be cash equivalents.

 

Supplemental disclosures of cash paid/received during the six months ended June 30 are as follows:

 

     2005
    2004

Interest paid

    $ 897    $ 1,184

Interest and dividends received

      3,694      1,864

Income taxes paid

      37,666      36,281

 

This excerpt taken from the SEIC 10-Q filed May 6, 2005.

Statements of Cash Flows

 

For purposes of the Consolidated Statements of Cash Flows, the Company considers investment instruments purchased with an original maturity of three months or less to be cash equivalents.

 

Supplemental disclosures of cash paid/received during the three months ended March 31 are as follows:

 

     2005
    2004

Interest paid

    $ 758    $ 1,103

Interest and dividends received

      2,035      890

Income taxes paid

      1,890      429

 

Page 10 of 33

EXCERPTS ON THIS PAGE:

10-K
Feb 25, 2009
10-K (2 sections)
Feb 26, 2008
10-K
Feb 23, 2007
10-Q
Nov 7, 2005
10-Q
Aug 5, 2005
10-Q
May 6, 2005

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