Victory Capital Holdings, Inc. VCTR Income Statement

Victory capital holdings, inc. (VCTR)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17
Revenue
Total revenue
204,421	218,554	214,980	91,360	87,479	95,967	108,082	104,399	104,964	105,646	102,388	100,934	100,661
Expenses
Personnel compensation and benefits
47,571	54,210	55,556	35,542	34,501	33,910	38,027	37,140	36,803	37,339	36,097	35,025	35,650
Distribution and other asset-based expenses
54,860	57,471	57,202	16,182	15,767	21,123	24,269	24,127	25,161	25,213	24,801	26,544	26,881
General and administrative
11,888	14,740	17,654	7,087	7,087	6,910	6,951	7,088	9,056	7,947	8,867	8,261	8,921
Depreciation and amortization
4,050	5,620	7,768	5,263	5,222	5,360	5,574	5,931	6,412	6,570	7,055	8,131	8,154
Change in value of consideration payable for acquisition of business
-5,500	-	-	-14	-	-	-	-4	-	-	-	-25	-
Acquisition-related costs
-69	367	16,386	2,787	2,777	-	1,451	-5	-	659	844	228	363
Restructuring and integration costs
1,000	-	4,841	1,788	-	40	0	438	264	1,261	483	3,331	1,130
Total operating expenses
113,798	154,357	159,407	68,635	65,354	70,210	76,272	74,715	77,696	78,720	78,147	81,495	81,099
Income from operations
90,623	64,197	55,573	22,725	22,125	25,757	31,810	29,684	27,268	26,926	24,241	19,439	19,562
Other (expense) income
Interest income and other (expense) income
-4,172	1,598	2,742	656	1,833	-2,627	-200	8	-37	-2,097	753	-1,914	345
Interest expense and other financing costs
11,408	14,901	16,856	4,520	4,624	4,438	4,458	4,706	7,092	10,308	11,688	13,843	12,628
Loss on debt extinguishment
-1,054	-	-7,400	-	-	0	0	0	-6,058	-	-330	-	-
Total other expense, net
-16,634	-15,754	-21,523	-3,864	-2,791	-7,065	-4,658	-4,698	-13,187	-12,405	-11,265	-15,757	-12,283
Income before income taxes
73,989	48,443	34,050	18,861	19,334	18,692	27,152	24,986	14,081	14,521	12,976	3,682	7,279
Income tax expense
16,800	10,819	8,100	4,478	4,800	4,739	6,600	6,311	3,557	3,312	5,126	1,328	2,866
Net income
57,166	37,589	25,992	14,383	14,527	13,915	20,590	18,675	10,524	11,209	7,850	2,354	4,413
Earnings per share of common stock
Basic
0.84	0.56	0.38	0.21	0.22	0.22	0.30	0.27	0.17	0.21	0.14	0.04	0.08
Diluted
0.77	0.51	0.35	0.20	0.20	0.19	0.29	0.26	0.16	0.18	0.13	0.04	0.08
Weighted average number of shares outstanding
Basic
67,790	135,151	67,724	67	67,521	135,540	67,972	67	61,599	55,123	54,961	54,825	54,813
Diluted
74,350	147,837	73,671	73	72,282	143,824	71,864	72	66,283	60,838	59,738	58,985	58,746
Dividends declared per share of common stock
0.05	-	0.05	-	-	-	-	-	-	0.23	0.00	0.00	2.19
Investment Management Fees
Total revenue
146,881	158,943	155,406	78,042	74,411	82,030	92,525	88,998	89,130	89,206	86,016	84,474	84,115
Fund Administration and Distribution Fees
Total revenue
57,540	59,611	59,574	13,318	13,068	13,937	15,557	15,401	15,834	16,440	16,372	16,460	16,546