$VRTS
Virtus Investment Partners Inc

2024 Q4 Form 10-Q Financial Statement

#000088323724000122 Filed on November 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $227.0M
YoY Change 3.54%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $129.7M
YoY Change 3.17%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.21M
YoY Change 911.5%
% of Gross Profit
Operating Expenses $175.8M
YoY Change 0.8%
Operating Profit $55.26M
YoY Change 23.06%
Interest Expense $13.10M
YoY Change 59.02%
% of Operating Profit 23.7%
Other Income/Expense, Net $548.0K
YoY Change -119.55%
Pretax Income $64.90M
YoY Change 28.94%
Income Tax $15.80M
% Of Pretax Income 24.34%
Net Earnings $40.98M
YoY Change 7.41%
Net Earnings / Revenue 18.05%
Basic Earnings Per Share $5.80
Diluted Earnings Per Share $5.71
COMMON SHARES
Basic Shares Outstanding 7.018M shares 7.082M shares
Diluted Shares Outstanding 7.176M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $311.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $23.33M
YoY Change -8.52%
Goodwill $397.1M
YoY Change 0.0%
Intangibles $388.7M
YoY Change -14.07%
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 $3.602B
YoY Change -4.35%
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 $2.611B
YoY Change -6.8%
SHAREHOLDERS EQUITY
Retained Earnings $251.3M
YoY Change 31.84%
Common Stock $1.314B
YoY Change 1.41%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $889.0M
YoY Change
Total Liabilities & Shareholders Equity $3.602B
YoY Change -4.35%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $40.98M
YoY Change 7.41%
Depreciation, Depletion And Amortization $15.21M
YoY Change 911.5%
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
dei Document Type
DocumentType
10-Q
dei Entity File Number
EntityFileNumber
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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dei Document Fiscal Period Focus
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dei Entity Central Index Key
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dei Current Fiscal Year End Date
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dei Document Quarterly Report
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dei Document Period End Date
DocumentPeriodEndDate
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dei Document Transition Report
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dei Entity Incorporation State Country Code
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dei Entity Tax Identification Number
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dei Security12b Title
Security12bTitle
Common Stock, $0.01 par value
dei Trading Symbol
TradingSymbol
VRTS
dei Security Exchange Name
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dei Entity Interactive Data Current
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dei Entity Registrant Name
EntityRegistrantName
VIRTUS INVESTMENT PARTNERS, INC.
dei Entity Address City Or Town
EntityAddressCityOrTown
Hartford
dei Entity Address State Or Province
EntityAddressStateOrProvince
CT
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
06103
dei City Area Code
CityAreaCode
800
dei Local Phone Number
LocalPhoneNumber
248-7971
dei Entity Small Business
EntitySmallBusiness
false
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EntityEmergingGrowthCompany
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Organization and Business<div style="text-indent:36pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Virtus Investment Partners, Inc. (the "Company," "we," "us," "our" or "Virtus"), a Delaware corporation, operates in the investment management industry through its subsidiaries.</span></div>The Company provides investment management and related services to institutions and individuals. The Company's investment strategies are offered to institutional clients through institutional separate and commingled accounts, including subadvisory services to other investment advisers and Company sponsored structured products. The Company’s retail investment management services are provided to individuals through products consisting of: mutual funds registered pursuant to the Investment Company Act of 1940, as amended that include U.S. retail funds, exchange-traded funds ("ETFs") and variable insurance funds; Undertaking for Collective Investment in Transferable Securities and Qualifying Investor Funds ("global funds" and collectively with U.S. retail funds, ETFs and variable insurance funds the "open-end funds"); closed-end funds (collectively with open-end funds, the "funds"); and retail separate accounts that include intermediary-sold and wealth management accounts.
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AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3000 shares
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.244
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.236
CY2023Q4 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
104869000 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
9205000 usd
us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
24422000 usd
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
29015000 usd
vrts Noncontrolling Interest Subscriptions Redemptions And Other
NoncontrollingInterestSubscriptionsRedemptionsAndOther
2165000 usd
CY2024Q3 us-gaap Redeemable Noncontrolling Interest Equity Redemption Value
RedeemableNoncontrollingInterestEquityRedemptionValue
98111000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

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0000883237-24-000122-index-headers.html Edgar Link pending
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0000883237-24-000122.txt Edgar Link pending
0000883237-24-000122-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
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vrts-20240930.htm Edgar Link pending
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vrts09302024ex-311.htm Edgar Link pending
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vrts-20240930_cal.xml Edgar Link unprocessable
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vrts-20240930_pre.xml Edgar Link unprocessable
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