$VRTS
VIRTUS INVESTMENT PARTNERS, INC.

2014 Q4 Form 10-Q Financial Statement

#000119312514401383 Filed on November 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $112.1M $117.8M $100.4M
YoY Change 5.29% 17.36% 39.55%
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 $713.0K $610.0K
YoY Change 16.89% 40.23%
% of Gross Profit
Operating Expenses $78.91M $68.78M
YoY Change 14.74% 26.94%
Operating Profit $36.67M $38.93M $31.63M
YoY Change 8.18% 23.07% 78.03%
Interest Expense $149.0K $207.0K
YoY Change -28.02% 5.61%
% of Operating Profit 0.38% 0.65%
Other Income/Expense, Net -$6.136M $1.720M
YoY Change -456.74% 49.05%
Pretax Income $35.19M $33.87M
YoY Change 3.9% 79.0%
Income Tax -$1.805M $12.57M
% Of Pretax Income -5.13% 37.1%
Net Earnings $37.00M $21.30M
YoY Change 73.67% 82.98%
Net Earnings / Revenue 31.39% 21.22%
Basic Earnings Per Share $2.09 $4.10 $2.64
Diluted Earnings Per Share $2.05 $4.02 $2.56
COMMON SHARES
Basic Shares Outstanding 9.060M shares 9.096M shares 7.995M shares
Diluted Shares Outstanding 9.279M shares 8.227M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $253.6M $224.6M $362.3M
YoY Change -15.63% -38.01%
Cash & Equivalents $203.3M $173.8M $244.7M
Short-Term Investments $50.25M $50.85M $117.6M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $46.66M
Other Receivables
Total Short-Term Assets $461.1M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $7.193M $7.291M $7.335M
YoY Change -0.36% -0.6%
Goodwill $5.260M $5.260M $5.260M
YoY Change 0.0% 0.0%
Intangibles $41.78M $42.71M $45.91M
YoY Change -6.39% -6.96% -7.36%
Long-Term Investments $7.209M $7.235M
YoY Change 77.13%
Other Assets $18.72M
YoY Change
Total Long-Term Assets $140.5M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $461.1M
Total Long-Term Assets $140.5M
Total Assets $698.8M $696.0M $601.6M
YoY Change 8.34% 15.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.84M
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 $108.9M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $8.072M
YoY Change
Total Long-Term Liabilities $8.072M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $108.9M
Total Long-Term Liabilities $8.072M
Total Liabilities $112.4M $113.3M $117.0M
YoY Change 2.23% -3.14%
SHAREHOLDERS EQUITY
Retained Earnings -$507.5M -$526.4M -$630.0M
YoY Change -16.14% -16.44%
Common Stock $1.149B $95.00K $95.00K
YoY Change 1209377.89% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $77.70M $63.70M $37.44M
YoY Change 107.54% 70.13%
Treasury Stock Shares 575.4K shares 486.9K shares 350.0K shares
Shareholders Equity $563.5M $560.6M $465.9M
YoY Change
Total Liabilities & Shareholders Equity $698.8M $696.0M $601.6M
YoY Change 8.34% 15.69%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $37.00M $21.30M
YoY Change 73.67% 82.98%
Depreciation, Depletion And Amortization $713.0K $610.0K
YoY Change 16.89% 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

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VIRTUS INVESTMENT PARTNERS, INC.
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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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