$VRTS
VIRTUS INVESTMENT PARTNERS, INC.

2012 Q4 Form 10-K Financial Statement

#000119312514065148 Filed on February 24, 2014

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2012 Q2
Revenue $78.92M $71.95M $66.82M
YoY Change 40.5% 29.74% 36.64%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $700.0K
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $435.0K $436.0K
YoY Change
% of Gross Profit
Operating Expenses $54.18M $52.57M
YoY Change
Operating Profit $20.47M $17.77M $14.25M
YoY Change 149.84% -910.17% 312.06%
Interest Expense $196.0K $274.0K
YoY Change
% of Operating Profit 1.1% 1.92%
Other Income/Expense, Net $1.154M -$214.0K
YoY Change
Pretax Income $18.92M $13.94M
YoY Change
Income Tax $7.279M $5.569M
% Of Pretax Income 38.47% 39.96%
Net Earnings $11.64M $8.367M
YoY Change
Net Earnings / Revenue 16.18% 12.52%
Basic Earnings Per Share $1.56 $1.48 $1.08
Diluted Earnings Per Share $1.50 $1.43 $1.04
COMMON SHARES
Basic Shares Outstanding 7.843M shares 7.763M shares
Diluted Shares Outstanding 8.117M shares 8.081M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $78.49M
YoY Change 30.25%
Cash & Equivalents $63.45M $43.24M $48.69M
Short-Term Investments $15.05M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $37.33M
Other Receivables
Total Short-Term Assets $164.8M
YoY Change 78.01%
LONG-TERM ASSETS
Property, Plant & Equipment $7.788M
YoY Change 42.82%
Goodwill $5.260M
YoY Change 9.7%
Intangibles $48.71M $49.55M $50.19M
YoY Change -6.5%
Long-Term Investments $415.0K
YoY Change
Other Assets $10.38M
YoY Change 11.17%
Total Long-Term Assets $167.9M
YoY Change -13.35%
TOTAL ASSETS
Total Short-Term Assets $164.8M
Total Long-Term Assets $167.9M
Total Assets $332.7M
YoY Change 16.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $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 $62.41M
YoY Change 33.77%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $22.70M
YoY Change
Total Long-Term Liabilities $22.70M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $62.41M
Total Long-Term Liabilities $22.70M
Total Liabilities $85.12M
YoY Change 25.16%
SHAREHOLDERS EQUITY
Retained Earnings -$680.4M
YoY Change -5.25%
Common Stock $81.00K
YoY Change 28.57%
Preferred Stock
YoY Change
Treasury Stock (at cost) $17.73M
YoY Change 101.66%
Treasury Stock Shares 245.0K shares
Shareholders Equity $244.5M $226.4M
YoY Change
Total Liabilities & Shareholders Equity $332.7M
YoY Change 16.19%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2012 Q2
OPERATING ACTIVITIES
Net Income $11.64M $8.367M
YoY Change
Depreciation, Depletion And Amortization $435.0K $436.0K
YoY Change
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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1720000
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0 Investment
CY2013 dei Trading Symbol
TradingSymbol
VRTS
CY2013 dei Entity Registrant Name
EntityRegistrantName
VIRTUS INVESTMENT PARTNERS, INC.
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0000883237
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2013 dei Current Fiscal Year End Date
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--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
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P5Y4M24D
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8.92
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CY2013 us-gaap Earnings Per Share Basic
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CY2013 us-gaap Nature Of Operations
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<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1. Organization and Business</b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <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-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">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, employee retirement systems, foundations and endowments.</font></p> </div>
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P3Y
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pure
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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245000 shares
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105000 shares
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0.500 pure
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28837000
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8.7
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19.10
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8188000 shares
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P7Y2M12D
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0.02 pure
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55.18
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363 shares
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0 shares
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<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-LEFT: 2%; MARGIN-TOP: 18px"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Use of Estimates</i></b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of the consolidated financial statements requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the dates of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Management believes the estimates used in preparing the consolidated financial statements are reasonable and prudent. Actual results could differ from those estimates.</font></p> </div>
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121908000
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1697000
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196000
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478000
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Revenues
100409000
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21089000
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
31630000
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.50
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.56
CY2012Q4 us-gaap Revenues
Revenues
78919000
CY2012Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12213000
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
20472000
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.65
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.72
CY2013Q4 us-gaap Revenues
Revenues
106498000
CY2013Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
24756000
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
33892000

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