$VRTS
Virtus Investment Partners Inc

2018 Q2 Form 10-Q Financial Statement

#000088323718000085 Filed on August 08, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2 2016 Q4
Revenue $132.9M $94.13M $79.85M
YoY Change 41.22% 17.54% -7.28%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.100M $776.0K
YoY Change 41.75% 0.0%
% of Gross Profit
Operating Expenses $105.6M $90.95M
YoY Change 16.14% 27.48%
Operating Profit $27.31M $3.184M $12.78M
YoY Change 757.66% -63.58% -22.56%
Interest Expense $5.750M -$1.186M
YoY Change -584.82% 31.78%
% of Operating Profit 21.06% -37.25%
Other Income/Expense, Net -$364.0K -$90.00K
YoY Change 304.44% -101.3%
Pretax Income $32.69M $1.908M
YoY Change 1613.52% -87.1%
Income Tax $9.465M $1.880M
% Of Pretax Income 28.95% 98.53%
Net Earnings $23.07M -$305.0K
YoY Change -7663.93% -103.77%
Net Earnings / Revenue 17.35% -0.32%
Basic Earnings Per Share $2.91 -$0.34 $1.94
Diluted Earnings Per Share $2.75 -$0.34 $1.87
COMMON SHARES
Basic Shares Outstanding 7.211M shares 7.064M shares 5.889M shares
Diluted Shares Outstanding 8.401M shares 7.064M shares

Balance Sheet

Concept 2018 Q2 2017 Q2 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $252.1M $158.6M
YoY Change -23.13% 14.18%
Cash & Equivalents $180.5M $179.9M $83.67M
Short-Term Investments $72.16M $74.91M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $11.41M $12.30M $7.728M
YoY Change -7.21% 47.28% -15.23%
Goodwill $170.2M $171.2M $6.788M
YoY Change -0.59% 2421.66% 1.3%
Intangibles $291.9M $312.1M $38.43M
YoY Change -6.47% 687.43% -6.02%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.690B $2.292B $824.4M
YoY Change 17.38% 135.03% -4.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $2.046B $1.645B $465.4M
YoY Change 24.39% 241.44% 68.39%
SHAREHOLDERS EQUITY
Retained Earnings -$340.0M -$410.5M -$424.3M
YoY Change -17.17% -9.21% -10.23%
Common Stock $1.213B $1.218B $1.090B
YoY Change -0.34% 11.57% -4.43%
Preferred Stock
YoY Change
Treasury Stock (at cost) $359.2M $344.2M $344.2M
YoY Change 4.36% 99.33% 118.29%
Treasury Stock Shares 3.357M shares 3.230M shares 3.230M shares
Shareholders Equity $624.4M $573.6M $321.7M
YoY Change
Total Liabilities & Shareholders Equity $2.690B $2.292B $824.4M
YoY Change 17.38% 135.03% -4.11%

Cashflow Statement

Concept 2018 Q2 2017 Q2 2016 Q4
OPERATING ACTIVITIES
Net Income $23.07M -$305.0K
YoY Change -7663.93% -103.77%
Depreciation, Depletion And Amortization $1.100M $776.0K
YoY Change 41.75% 0.0%
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization and Business</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Virtus Investment Partners, Inc. ("the Company," "we," "us," "our" or "Virtus"), a Delaware corporation, operates in the investment management industry through its subsidiaries.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company provides investment management and related services to individuals and institutions. The Company&#8217;s retail investment management services are provided to individuals through products consisting of U.S. 1940 Act mutual funds and Undertaking for Collective Investment in Transferable Securities ("UCITS") (collectively, "open-end funds"), closed-end funds, exchange traded funds ("ETFs") and retail separate accounts. Institutional investment management services are provided to corporations, multi-employer retirement funds, employee retirement systems, foundations, endowments, structured products and as a subadviser to unaffiliated mutual funds.</font></div></div>

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