$VRTS
VIRTUS INVESTMENT PARTNERS, INC.

2013 Q4 Form 10-Q Financial Statement

#000119312513425162 Filed on November 04, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q4
Revenue $106.5M $100.4M $78.92M
YoY Change 34.95% 39.55% 40.5%
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 $610.0K
YoY Change 40.23%
% of Gross Profit
Operating Expenses $68.78M
YoY Change 26.94%
Operating Profit $33.89M $31.63M $20.47M
YoY Change 65.55% 78.03% 149.84%
Interest Expense $207.0K
YoY Change 5.61%
% of Operating Profit 0.65%
Other Income/Expense, Net $1.720M
YoY Change 49.05%
Pretax Income $33.87M
YoY Change 79.0%
Income Tax $12.57M
% Of Pretax Income 37.1%
Net Earnings $21.30M
YoY Change 82.98%
Net Earnings / Revenue 21.22%
Basic Earnings Per Share $2.72 $2.64 $1.56
Diluted Earnings Per Share $2.65 $2.56 $1.50
COMMON SHARES
Basic Shares Outstanding 9.101M shares 7.995M shares
Diluted Shares Outstanding 8.227M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $300.5M $362.3M $78.49M
YoY Change 282.85% 30.25%
Cash & Equivalents $271.5M $244.7M $63.45M
Short-Term Investments $28.97M $117.6M $15.05M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $46.66M $37.33M
Other Receivables
Total Short-Term Assets $461.1M $164.8M
YoY Change 78.01%
LONG-TERM ASSETS
Property, Plant & Equipment $7.219M $7.335M $7.788M
YoY Change -7.31% 42.82%
Goodwill $5.260M $5.260M $5.260M
YoY Change 0.0% 9.7%
Intangibles $44.63M $45.91M $48.71M
YoY Change -8.37% -7.36% -6.5%
Long-Term Investments $4.070M $415.0K
YoY Change 880.72%
Other Assets $18.72M $10.38M
YoY Change 11.17%
Total Long-Term Assets $140.5M $167.9M
YoY Change -13.35%
TOTAL ASSETS
Total Short-Term Assets $461.1M $164.8M
Total Long-Term Assets $140.5M $167.9M
Total Assets $645.0M $601.6M $332.7M
YoY Change 93.83% 16.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.84M $7.582M
YoY Change 50.71%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $108.9M $62.41M
YoY Change 33.77%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $8.072M $22.70M
YoY Change
Total Long-Term Liabilities $8.072M $22.70M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $108.9M $62.41M
Total Long-Term Liabilities $8.072M $22.70M
Total Liabilities $109.9M $117.0M $85.12M
YoY Change 29.12% 25.16%
SHAREHOLDERS EQUITY
Retained Earnings -$605.2M -$630.0M -$680.4M
YoY Change -11.05% -5.25%
Common Stock $95.00K $95.00K $81.00K
YoY Change 17.28% 28.57%
Preferred Stock
YoY Change
Treasury Stock (at cost) $37.44M $37.44M $17.73M
YoY Change 111.11% 101.66%
Treasury Stock Shares 350.0K shares 350.0K shares 245.0K shares
Shareholders Equity $492.9M $465.9M $244.5M
YoY Change
Total Liabilities & Shareholders Equity $645.0M $601.6M $332.7M
YoY Change 93.83% 16.19%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q4
OPERATING ACTIVITIES
Net Income $21.30M
YoY Change 82.98%
Depreciation, Depletion And Amortization $610.0K
YoY Change 40.23%
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
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false
dei Entity Filer Category
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Accelerated Filer
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2013
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
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dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Entity Central Index Key
EntityCentralIndexKey
0000883237
dei Current Fiscal Year End Date
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--12-31
dei Document Fiscal Period Focus
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Q3
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us-gaap Nature Of Operations
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<div> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>1. Organization and Business</b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> 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.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> The Company provides investment management and related services to individuals and institutions throughout the United States of America. The Company&#x2019;s 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.</p> </div>
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