$VRTS
Virtus Investment Partners Inc

2013 Q2 Form 10-Q Financial Statement

#000119312513317403 Filed on August 02, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $96.14M $66.82M
YoY Change 43.88% 36.64%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $200.0K $700.0K
YoY Change -71.43%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $597.0K $436.0K
YoY Change 36.93%
% of Gross Profit
Operating Expenses $69.26M $52.57M
YoY Change 31.76%
Operating Profit $26.88M $14.25M
YoY Change 88.61% 312.06%
Interest Expense $206.0K $274.0K
YoY Change -24.82%
% of Operating Profit 0.77% 1.92%
Other Income/Expense, Net -$3.390M -$214.0K
YoY Change 1484.11%
Pretax Income $24.10M $13.94M
YoY Change 72.94%
Income Tax $9.318M $5.569M
% Of Pretax Income 38.66% 39.96%
Net Earnings $14.78M $8.367M
YoY Change 76.68%
Net Earnings / Revenue 15.38% 12.52%
Basic Earnings Per Share $1.97 $1.08
Diluted Earnings Per Share $1.91 $1.04
COMMON SHARES
Basic Shares Outstanding 7.821M shares 7.763M shares
Diluted Shares Outstanding 8.058M shares 8.081M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $134.7M
YoY Change
Cash & Equivalents $70.89M $48.69M
Short-Term Investments $63.85M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $44.82M
Other Receivables
Total Short-Term Assets $200.8M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $7.575M
YoY Change
Goodwill $5.260M
YoY Change
Intangibles $46.61M $50.19M
YoY Change -7.14%
Long-Term Investments
YoY Change
Other Assets $17.03M
YoY Change
Total Long-Term Assets $141.8M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $200.8M
Total Long-Term Assets $141.8M
Total Assets $342.6M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.852M
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 $54.16M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $22.64M
YoY Change
Total Long-Term Liabilities $22.64M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $54.16M
Total Long-Term Liabilities $22.64M
Total Liabilities $76.80M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$651.1M
YoY Change
Common Stock $81.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $32.70M
YoY Change
Treasury Stock Shares 325.0K shares
Shareholders Equity $256.4M $226.4M
YoY Change
Total Liabilities & Shareholders Equity $342.6M
YoY Change

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $14.78M $8.367M
YoY Change 76.68%
Depreciation, Depletion And Amortization $597.0K $436.0K
YoY Change 36.93%
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

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dei Trading Symbol
TradingSymbol
VRTS
dei Entity Registrant Name
EntityRegistrantName
VIRTUS INVESTMENT PARTNERS, INC.
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Entity Central Index Key
EntityCentralIndexKey
0000883237
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Earnings Per Share Diluted
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Basic
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us-gaap Nature Of Operations
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<div> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1. Organization and Business</b></font></p> <!-- xbrl,body --> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Virtus Investment Partners, Inc. (the &#x201C;Company,&#x201D; &#x201C;we,&#x201D; &#x201C;us,&#x201D; &#x201C;our&#x201D; or &#x201C;Virtus&#x201D;), a Delaware corporation, operates in the investment management industry through its wholly-owned subsidiaries.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The Company provides investment management and related services to individual and institutional clients throughout the United States of America. Retail investment management services are provided to individuals through products consisting of open-end mutual funds, closed-end funds, variable insurance funds and separately managed accounts. Separately managed accounts are offered through intermediary programs that are sponsored and distributed by unaffiliated broker-dealers, and individual direct managed account investment services that are provided by the Company. Institutional investment management services are provided primarily to corporations, multi-employer retirement funds, public employee retirement systems, foundations and endowments and special purpose funds.</font></p> <!-- xbrl,n --></div>
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