Virtus investment partners, inc. (VRTS)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets:
Cash and Cash Equivalents, at Carrying Value

-

-

-

-

-

201,705

-

180,528

136,499

132,150

386,063

179,039

251,753

82,687

179,273

247,670

59,251

97,384

128,847

194,334

166,031

203,304

172,709

170,367

234,795

271,014

244,683

70,851

45,874

63,432

42,288

48,685

32,821

45,267

39,225

36,635

43,948

Cash of consolidated sponsored investment products

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,372

2,058

-

1,055

361

2,543

531

44

34

57

14

947

-

-

0

-

-

-

Cash pledged or on deposit of consolidated sponsored investment products

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,888

9,554

-

12,492

11,958

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

567,018

95,894

-

55,225

59,301

56,995

63,448

63,659

65,099

102,490

37,258

-

-

-

18,433

-

-

-

-

-

-

-

Trading securities, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,917

18,020

18,853

-

13,473

12,674

13,777

12,526

9,473

13,129

8,357

Available-for-sale securities, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,684

2,713

2,816

-

2,612

2,715

2,509

2,469

2,261

2,221

1,916

Investments of consolidated sponsored investment products

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

270,997

254,481

-

241,107

207,279

62,086

139,054

95,998

43,114

36,648

43,227

35,560

-

-

0

-

-

-

Accounts receivable, net

66,574

74,132

74,173

71,519

74,150

70,047

79,823

67,810

62,636

65,648

61,762

59,362

37,841

35,879

36,867

36,030

37,939

38,757

40,107

43,488

52,792

49,721

53,045

54,194

54,386

50,166

46,655

44,819

42,495

37,328

32,836

32,690

31,468

27,089

25,853

24,778

21,136

Deferred taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

45,716

-

44,623

46,434

49,085

54,143

59,700

59,783

57,958

60,162

59,668

57,064

56,520

64,500

4,843

14,943

1,143

96,923

1,593

1,593

1,593

1,593

-

-

-

Other Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

159,309

-

-

-

14,326

17,092

-

28,249

15,584

16,104

15,724

-

-

-

10,950

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,312

4,669

5,158

-

3,572

3,870

4,434

3,651

4,608

3,037

3,009

Total current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

461,138

200,825

154,211

-

134,277

102,227

86,602

92,595

81,420

79,800

78,366

Furniture, equipment and leasehold improvements, net

17,147

18,150

19,494

20,092

20,171

20,154

11,998

11,409

11,396

10,833

11,557

12,295

7,264

7,728

7,864

8,348

8,692

9,116

9,042

9,377

8,578

7,193

7,291

7,646

6,898

7,219

7,335

7,575

7,669

7,788

6,878

7,031

7,245

5,453

5,532

5,945

6,557

Intangible Assets, Net (Excluding Goodwill)

302,858

310,391

317,924

325,384

331,271

338,812

346,353

291,894

296,918

301,954

307,017

312,081

38,194

38,427

39,030

39,633

40,236

40,887

41,672

42,509

40,946

41,783

42,710

42,582

43,528

44,633

45,907

46,606

47,658

48,711

49,553

50,187

51,141

52,096

50,124

51,078

52,977

Goodwill

290,366

290,366

290,366

290,366

290,366

290,366

290,366

170,153

170,153

170,153

170,153

171,170

6,788

6,788

6,788

6,788

6,703

6,701

6,649

6,663

5,260

5,260

5,260

5,260

5,260

5,260

5,260

5,260

5,260

5,260

4,795

4,795

4,795

4,795

4,795

4,795

4,795

Deferred taxes, net

8,713

15,879

18,475

21,611

23,564

22,116

22,332

31,133

31,875

32,428

49,002

54,655

-

47,535

-

-

-

-

-

-

-

-

-

-

-

-

63,274

65,300

87,916

-

106,182

113,020

118,634

122,099

-

-

-

Other assets of consolidated sponsored investment products

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,960

8,629

-

8,756

3,285

1,217

9,595

43,002

1,662

1,167

683

1,396

-

-

0

-

-

-

Long-term investments ($3,783 and $2,970 at fair value, respectively) and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,720

17,034

12,018

-

10,294

9,413

9,699

9,341

9,491

9,696

6,216

Total assets

3,392,057

3,204,634

3,113,131

3,066,698

2,845,302

2,870,535

2,884,282

2,689,900

2,538,209

2,590,799

2,741,558

2,291,559

1,013,423

824,388

929,564

975,003

781,304

859,729

826,763

721,998

680,374

698,773

696,001

640,679

585,827

644,954

601,634

342,600

314,732

332,749

311,979

286,673

278,116

286,379

151,362

151,314

148,911

Liabilities and Equity
Liabilities:
Accrued compensation and benefits

36,641

101,377

78,073

52,675

31,105

93,339

70,750

45,187

27,471

86,658

69,833

51,978

16,519

47,885

37,813

26,242

15,035

49,617

38,206

27,134

17,343

54,815

42,924

29,784

18,349

53,140

39,410

26,590

18,103

41,252

30,162

20,558

13,419

31,171

22,582

15,140

19,245

Accounts payable and accrued liabilities

23,594

23,308

23,310

24,757

27,723

27,926

32,802

25,805

28,214

29,607

31,676

29,167

30,364

25,176

21,429

20,448

20,563

23,036

39,739

43,456

32,627

31,627

33,389

33,131

29,169

29,912

10,842

9,852

9,030

19,871

6,625

5,922

6,139

5,031

4,498

6,178

4,229

Dividends payable

7,187

8,915

8,744

7,625

7,473

7,762

7,552

6,688

6,479

6,528

6,318

6,173

5,991

3,479

4,117

4,047

4,173

4,233

4,258

4,251

4,236

4,270

4,229

4,179

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration

-

-

-

-

-

-

-

-

-

-

51,690

51,690

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment securities purchased of consolidated sponsored investment products

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42,503

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

330

-

Other accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,499

9,057

9,908

-

8,090

6,473

6,267

5,661

5,211

5,467

5,999

Other accrued liabilities of consolidated sponsored investment products

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

295

869

616

-

2,182

-

-

0

-

-

-

Broker-dealer payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,354

7,788

7,262

-

5,390

4,827

5,027

4,794

5,705

5,311

4,687

Total current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

108,903

54,156

44,919

-

52,449

37,780

30,852

46,657

37,996

32,426

34,160

Deferred taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,785

8,785

8,785

Long-term Debt

251,465

277,839

291,995

306,110

317,665

-

338,874

245,147

245,402

-

248,540

248,111

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

Other liabilities

37,647

40,507

36,487

39,785

40,573

20,010

22,032

39,236

48,477

39,895

18,356

18,279

13,702

13,505

13,619

13,543

13,493

13,051

12,805

13,172

9,556

9,082

8,926

32,750

21,846

18,413

-

-

-

8,615

-

-

-

-

-

-

-

Liabilities of consolidated sponsored investment products

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,455

16,491

-

23,838

16,011

2,500

8,435

-

-

-

377

-

-

-

-

-

-

-

Lease obligations and other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,072

7,642

7,544

-

7,598

7,530

7,807

6,350

6,158

6,465

6,775

Total liabilities

2,638,476

2,454,532

2,343,905

2,342,524

2,139,841

2,169,187

2,164,809

2,046,114

1,908,641

1,981,397

2,073,657

1,644,890

416,059

465,449

429,464

481,752

235,493

276,408

237,538

107,468

80,253

112,350

113,306

115,855

71,864

109,900

116,975

76,798

67,463

85,115

75,047

60,310

53,659

68,007

67,939

62,676

64,720

Commitments and Contingencies (Note 13)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Temporary Equity:
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests

87,115

63,845

91,610

60,502

59,003

57,481

60,248

3,420

4,162

4,178

67,227

57,336

44,976

37,266

30,301

27,145

40,425

73,864

49,895

55,557

34,977

23,071

22,265

10,397

3,867

42,186

18,855

-

-

3,163

-

-

-

-

-

-

-

Equity:
Equity attributable to stockholders:
Series D mandatory convertible preferred stock, $0.01 par value, 0 and 1,150,000 shares authorized, issued and outstanding at March 31, 2020 and December 31, 2019, respectively

0

110,843

110,843

110,843

110,843

110,843

110,843

110,843

110,843

110,843

110,843

110,837

110,837

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

35,217

35,921

35,921

35,921

Common stock, $0.01 par value, 1,000,000,000 shares authorized; 11,733,976 shares issued and 7,695,413 shares outstanding at March 31, 2020 and 10,736,887 shares issued and 6,809,280 shares outstanding at December 31, 2019, respectively

117

107

107

107

107

106

105

105

105

105

105

104

102

91

91

91

97

96

96

96

96

96

95

95

95

95

95

81

81

81

80

80

77

63

63

63

63

Additional paid-in capital

1,304,868

1,199,205

1,202,130

1,204,033

1,205,926

1,209,805

1,210,645

1,213,341

1,213,342

1,216,173

1,216,741

1,217,501

1,196,031

1,090,331

1,089,350

1,091,228

1,139,181

1,140,875

1,142,182

1,144,029

1,145,659

1,148,908

1,150,716

1,128,064

1,130,857

1,135,644

1,133,350

940,267

939,662

942,825

941,163

939,322

945,882

909,983

915,160

914,549

912,942

Retained earnings (accumulated deficit)

-219,501

-215,216

-238,108

-262,193

-289,119

-310,865

-313,026

-340,024

-363,094

-386,216

-391,714

-410,506

-410,200

-424,279

-436,705

-452,163

-460,251

-472,614

-479,051

-478,402

-488,179

-507,521

-526,400

-563,740

-583,283

-605,221

-629,977

-651,066

-666,451

-680,411

-692,624

-704,266

-712,633

-718,083

-858,748

-855,970

-863,503

Accumulated other comprehensive income (loss)

-16

9

-19

-7

1

-731

-600

-622

-661

-600

-40

-88

-136

-224

-235

-184

-775

-1,034

-902

-661

-509

-242

-140

48

-63

-150

-177

-166

-54

-287

-68

21

-75

-14

-179

-181

-308

Treasury stock, at cost, 4,038,563 and 3,927,607 shares at March 31, 2020 and December 31, 2019, respectively

429,249

419,249

409,249

401,748

394,248

379,249

364,249

359,248

351,748

351,748

351,748

344,246

344,246

344,246

182,702

172,699

172,699

157,699

122,699

105,699

91,699

77,699

63,695

49,938

37,438

37,438

37,438

32,700

28,090

17,734

11,854

8,794

8,794

8,794

8,794

5,744

924

Total equity attributable to stockholders

656,219

675,699

665,704

651,035

633,510

629,909

643,718

624,395

608,787

588,557

584,187

573,602

552,388

321,673

469,799

466,273

505,553

509,624

539,626

559,363

565,368

563,542

560,576

514,529

510,168

492,930

465,853

256,381

245,127

244,474

236,697

226,363

224,457

183,155

47,502

52,717

48,270

Noncontrolling interests

-

-

-

-

-

13,958

-

-

-

16,667

-

-

-

0

0

-167

-167

-167

-296

-390

-224

-190

-146

-102

-72

-62

-

9,421

2,142

-

235

-

-

0

-

-

-

Noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49

35

21

3

-

-

-

0

-

-

-

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

666,466

686,257

677,616

663,672

646,458

643,867

659,225

640,366

625,406

605,224

600,674

589,333

-

321,673

469,799

466,106

505,386

509,457

539,330

558,973

565,144

563,352

560,430

514,427

510,096

492,868

465,804

256,416

245,148

244,471

-

-

-

183,155

-

-

-

Total liabilities and equity

3,392,057

3,204,634

3,113,131

3,066,698

2,845,302

2,870,535

2,884,282

2,689,900

2,538,209

2,590,799

2,741,558

2,291,559

1,013,423

824,388

929,564

975,003

781,304

859,729

826,763

721,998

680,374

698,773

696,001

640,679

585,827

644,954

601,634

342,600

314,732

332,749

311,979

286,673

278,116

286,379

151,362

151,314

148,911

Consolidated entity excluding consolidated investment products
Cash and Cash Equivalents, at Carrying Value

158,456

221,781

195,870

166,026

142,343

201,705

168,982

138,827

80,764

132,150

164,867

127,571

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments

56,853

83,206

44,583

73,396

75,925

79,558

85,131

87,209

125,348

108,492

96,752

93,396

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Assets

36,730

36,849

33,339

35,612

32,694

14,201

19,836

40,090

36,777

35,771

25,863

26,532

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt

-

-

-

-

-

329,184

-

-

-

248,320

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidated Investment Products
Cash and Cash Equivalents, at Carrying Value

227,941

99,691

77,562

84,844

55,353

52,015

50,427

40,755

54,836

101,315

221,196

51,468

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments

2,189,757

2,030,110

2,018,923

1,963,476

1,767,942

1,749,568

1,791,379

1,775,069

1,634,085

1,597,752

1,595,727

1,354,389

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted Cash and Cash Equivalents

7,229

467

5,600

414

370

936

767

946

899

817

722

854

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Assets

29,433

23,612

16,822

13,958

31,153

31,057

16,888

34,605

32,522

33,486

36,940

27,786

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable of CIP

2,134,108

1,834,535

1,821,243

1,831,129

1,640,360

1,620,260

1,608,735

1,569,663

1,460,177

1,457,435

1,455,932

1,096,434

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities purchased payable and other liabilities of CIP

147,834

168,051

84,053

80,443

74,942

70,706

84,064

114,388

92,421

112,954

191,312

143,058

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling interests

10,247

10,558

11,912

12,637

12,948

-

15,507

15,971

16,619

-

16,487

15,731

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Parent
Cash and Cash Equivalents, at Carrying Value

-

-

-

-

-

-

-

-

-

-

-

-

235,930

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments

-

-

-

-

-

-

-

-

-

-

-

-

86,066

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Assets

-

-

-

-

-

-

-

-

-

-

-

-

25,908

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidated Investment Product
Cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

13,957

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments

-

-

-

-

-

-

-

-

-

-

-

-

354,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Assets

-

-

-

-

-

-

-

-

-

-

-

-

6,152

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable of consolidated investment product

-

-

-

-

-

-

-

-

-

-

-

-

325,843

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities purchased payable and other liabilities of consolidated investment product

-

-

-

-

-

-

-

-

-

-

-

-

20,806

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidated Sponsored Investment Products
Investments

-

-

-

-

-

-

-

-

-

-

-

-

112,930

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash

-

-

-

-

-

-

-

-

-

-

-

-

1,866

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash pledged or on deposit

-

-

-

-

-

-

-

-

-

-

-

-

1,107

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Assets

-

-

-

-

-

-

-

-

-

-

-

-

39,702

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities

-

-

-

-

-

-

-

-

-

-

-

-

2,834

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidated investment products
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests

-

-

-

-

-

57,481

-

3,420

4,162

4,178

67,227

57,336

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-