$VRTS
Virtus Investment Partners Inc

2014 Q2 Form 10-Q Financial Statement

#000119312514284841 Filed on July 29, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $112.7M $96.14M
YoY Change 17.28% 43.88%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $200.0K
YoY Change -71.43%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $670.0K $597.0K
YoY Change 12.23% 36.93%
% of Gross Profit
Operating Expenses $90.25M $69.26M
YoY Change 30.31% 31.76%
Operating Profit $22.50M $26.88M
YoY Change -16.29% 88.61%
Interest Expense $125.0K $206.0K
YoY Change -39.32% -24.82%
% of Operating Profit 0.56% 0.77%
Other Income/Expense, Net $7.538M -$3.390M
YoY Change -322.36% 1484.11%
Pretax Income $31.90M $24.10M
YoY Change 32.35% 72.94%
Income Tax $12.11M $9.318M
% Of Pretax Income 37.95% 38.66%
Net Earnings $19.79M $14.78M
YoY Change 33.88% 76.68%
Net Earnings / Revenue 17.55% 15.38%
Basic Earnings Per Share $2.14 $1.97
Diluted Earnings Per Share $2.10 $1.91
COMMON SHARES
Basic Shares Outstanding 9.133M shares 7.821M shares
Diluted Shares Outstanding 9.325M shares 8.058M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $227.1M $134.7M
YoY Change 68.58%
Cash & Equivalents $170.7M $70.89M
Short-Term Investments $56.40M $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 $7.646M $7.575M
YoY Change 0.94%
Goodwill $5.260M $5.260M
YoY Change 0.0%
Intangibles $42.58M $46.61M
YoY Change -8.63% -7.14%
Long-Term Investments $4.150M
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 $640.7M $342.6M
YoY Change 87.0%
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 $115.9M $76.80M
YoY Change 50.86%
SHAREHOLDERS EQUITY
Retained Earnings -$563.7M -$651.1M
YoY Change -13.41%
Common Stock $95.00K $81.00K
YoY Change 17.28%
Preferred Stock
YoY Change
Treasury Stock (at cost) $49.94M $32.70M
YoY Change 52.72%
Treasury Stock Shares 416.9K shares 325.0K shares
Shareholders Equity $514.5M $256.4M
YoY Change
Total Liabilities & Shareholders Equity $640.7M $342.6M
YoY Change 87.0%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $19.79M $14.78M
YoY Change 33.88% 76.68%
Depreciation, Depletion And Amortization $670.0K $597.0K
YoY Change 12.23% 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
Large Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Central Index Key
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0000883237
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us-gaap Earnings Per Share Diluted
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us-gaap Dividend Payable Date To Be Paid Day Month And Year
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us-gaap Common Stock Dividends Per Share Declared
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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, employee retirement systems, foundations and endowments.</p> </div>
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report.css Edgar Link pending
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vrts-20140630.xml Edgar Link completed
vrts-20140630.xsd Edgar Link pending
vrts-20140630_cal.xml Edgar Link unprocessable
vrts-20140630_def.xml Edgar Link unprocessable
vrts-20140630_lab.xml Edgar Link unprocessable
vrts-20140630_pre.xml Edgar Link unprocessable