Virtus investment partners, inc. (VRTS)
Income statement / 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'11Mar'11Sep'10Jun'10
Revenues [Abstract]
Revenues

577,094

563,246

555,227

561,482

553,925

552,235

542,194

513,659

474,859

425,607

377,433

336,082

322,035

322,554

328,819

338,870

358,441

381,977

407,999

433,465

446,558

450,598

444,959

427,527

410,918

389,215

361,636

333,178

303,856

280,086

257,339

240,845

222,929

204,652

184,062

163,393

0

0

0

Operating Expenses
Employment expenses

245,800

240,521

239,924

241,911

238,656

238,501

233,435

224,325

212,449

191,394

170,249

149,232

139,305

135,641

136,560

136,922

137,450

137,095

136,772

138,514

140,402

139,809

139,213

136,989

134,386

131,768

126,158

119,035

111,664

105,571

102,122

101,749

99,292

92,543

84,055

73,987

0

0

0

Distribution and other asset-based expenses

81,744

82,099

83,056

87,515

89,914

92,441

91,746

86,912

78,955

71,987

67,775

64,603

66,271

69,049

72,744

77,081

83,325

89,731

97,426

104,889

120,435

123,665

122,792

118,865

103,895

97,786

90,860

83,371

74,915

72,210

65,965

71,451

68,022

60,176

54,911

39,447

0

0

0

Other Cost and Expense, Operating

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

45,495

42,745

39,898

38,321

36,521

36,329

35,081

34,017

32,709

31,799

30,700

30,157

29,464

29,462

0

0

0

Restructuring and severance

1,126

2,302

2,106

1,583

1,263

87

1,584

10,478

0

-

0

0

-

-

0

0

-

-

0

0

-

-

0

-

-

203

758

1,552

0

-

0

0

-

2,008

976

2,069

0

0

0

Other operating expenses of consolidated sponsored investment products

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

701

0

0

-

0

-

-

-

0

-

-

-

-

Depreciation expense

5,037

4,992

5,022

4,966

4,795

4,597

4,323

4,172

3,848

3,497

3,178

2,894

2,894

3,092

3,273

3,429

3,526

3,443

3,285

3,088

2,885

2,763

2,680

2,577

2,504

2,422

2,398

2,223

2,062

1,810

1,614

1,632

1,681

1,847

1,940

1,987

0

0

0

Amortization expense

30,236

30,244

30,252

30,206

27,647

25,142

22,665

20,187

16,976

12,173

7,712

3,253

2,043

2,461

2,642

2,875

3,109

3,295

3,438

3,548

3,658

3,778

3,913

4,091

4,260

4,413

4,456

4,362

4,243

4,121

3,999

3,946

3,960

4,018

4,110

4,425

0

0

0

Total operating expenses

448,781

438,536

439,085

447,181

442,444

439,136

430,308

418,930

404,254

367,572

334,630

293,530

273,924

271,740

274,282

277,749

289,855

301,599

307,462

317,123

323,922

319,878

317,012

306,877

285,888

275,711

261,552

246,957

230,264

219,641

209,172

212,638

205,516

190,749

175,456

151,377

0

0

0

Operating Income (Loss)

128,313

124,710

116,142

114,301

111,481

113,099

111,886

94,729

70,605

58,035

42,803

42,552

48,111

50,814

54,537

61,121

68,586

80,378

100,537

116,342

122,636

130,720

127,947

120,650

125,030

113,504

100,084

86,221

73,592

60,445

48,167

28,207

17,413

13,903

8,606

12,016

0

0

0

Other Income (Expense)
Realized and unrealized gain on trading securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

287

1,337

0

0

0

Realized and unrealized (loss) gain on investments of consolidated sponsored investment products, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-1,919

0

0

-

0

-

-

-

-

-

-

-

-

Other income (expense), net

2,573

2,411

2,858

2,661

2,420

3,289

2,829

2,716

2,308

1,635

1,755

1,569

1,507

1,089

538

429

691

898

1,141

1,233

1,175

891

565

443

243

74

66

0

0

-

0

-

-

-194

-204

-205

0

0

0

Total other income (expense), net

-9,310

8,253

-12,451

-12,415

-25,234

-23,180

-3,312

16,516

16,790

18,161

15,449

5,072

12,106

8,819

6,648

-18,524

-28,120

-26,650

-25,641

-11,496

-1,306

-2,843

9,865

17,721

6,793

5,939

1,270

704

3,880

3,925

2,659

-67

428

-450

83

1,132

0

0

0

Interest Income (Expense)
Interest Expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

560

618

699

782

817

806

874

854

861

854

772

782

820

898

0

0

0

Total interest income (expense), net

6,292

7,722

7,299

7,485

19,131

19,122

19,248

12,142

5,206

4,233

4,432

8,056

8,342

10,174

10,422

11,831

16,010

13,915

11,947

11,221

9,800

8,437

6,356

4,476

3,227

2,465

2,115

1,596

884

433

-259

-367

-391

-461

-576

-658

0

0

0

Interest and dividend income of investments of consolidated sponsored investment products

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

1,790

0

0

-

0

-

-

-

0

-

-

-

-

Income (Loss) Before Income Taxes

125,295

140,685

110,990

109,371

105,378

109,041

127,822

123,387

92,601

80,429

62,684

55,680

68,559

69,807

71,607

54,428

56,476

67,643

86,843

116,067

131,130

136,314

144,168

142,847

135,050

121,908

103,469

88,521

78,356

64,803

50,567

27,773

17,450

12,992

8,113

12,490

0

0

0

Income tax expense (benefit)

41,249

35,177

34,171

29,980

30,657

32,961

47,192

50,165

42,580

40,490

16,471

13,714

17,921

21,044

29,124

31,924

33,660

36,972

43,398

31,924

36,207

39,349

38,754

53,126

50,338

44,778

40,885

35,597

31,848

27,030

-115,557

-123,931

-129,083

-132,428

-361

825

0

0

0

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

84,046

105,508

76,819

79,391

74,721

76,080

80,630

73,222

50,021

39,939

46,213

41,966

50,638

48,763

42,483

22,504

22,816

30,671

62,029

85,524

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Noncontrolling Interest

14,428

9,859

1,901

1,560

746

551

1,764

2,562

2,736

2,927

2,273

1,193

1,472

261

-229

-3,934

-5,311

-4,435

-3,904

-1,195

-181

-735

1,837

2,395

1,544

1,940

-164

0

0

-

0

-

-

-

0

-

-

-

-

Net Income (Loss) Attributable to Stockholders

69,618

95,649

74,918

77,831

73,975

75,529

78,866

70,660

47,285

37,012

43,940

40,773

49,166

48,502

0

0

0

-

-

-

-

-

-

-

0

-

62,584

52,924

46,508

37,773

166,124

151,704

146,533

145,420

8,474

11,665

0

0

0

Preferred stockholder dividends

6,253

8,337

8,337

8,337

8,337

8,337

8,337

8,336

8,336

8,336

6,252

4,168

2,084

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,482

2,898

3,093

0

0

0

Allocation of earnings to preferred stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64

23,221

23,221

23,670

24,260

1,631

0

0

0

-

Net Income (Loss) Attributable to Common Stockholders

63,365

87,312

66,581

69,494

65,638

67,192

70,529

62,324

38,949

28,676

37,688

36,605

47,082

48,502

42,712

26,438

28,127

35,106

47,349

85,338

95,104

97,700

103,577

87,326

83,168

75,190

62,647

53,200

46,182

37,608

135,534

120,409

114,085

111,678

3,945

6,941

0

0

0

Earnings (Loss) per share—Basic (in $ per share)

-0.58

3.02

3.17

3.55

2.80

0.04

3.47

2.91

2.95

0.44

2.32

-0.34

1.67

1.83

2.04

0.99

1.48

0.80

-0.07

1.10

2.16

2.10

4.10

2.14

2.41

2.78

2.64

1.97

1.79

1.59

1.48

1.08

0.72

17.73

-0.56

0.33

0.48

0.39

-0.08

Earnings (Loss) per Share—Diluted (in $ per share)

-0.58

2.92

2.95

3.26

2.61

0.15

3.19

2.75

2.77

0.47

2.21

-0.34

1.62

1.79

1.99

0.97

1.45

0.80

-0.07

1.08

2.11

2.05

4.02

2.10

2.34

2.72

2.56

1.91

1.73

1.51

1.43

1.04

0.68

16.17

-0.56

0.30

0.43

0.37

-0.08

Preferred Stock, Dividends Per Share, Declared

-

-

1.81

1.81

-

-

1.81

1.81

1.81

-

1.81

1.81

1.81

0.00

0.00

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common Stock, Dividends, Per Share, Declared

-

-

0.67

0.55

-

-

0.55

0.45

0.45

-

0.45

0.45

0.45

0.45

0.45

0.45

0.45

0.45

0.45

0.45

0.45

-

0.45

0.45

-

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

Weighted Average Number of Shares Outstanding, Basic

7,422

6,891

6,947

6,999

7,015

7,113

7,175

7,211

7,197

7,234

7,212

7,064

6,542

6,402

7,676

8,170

8,344

8,560

8,775

8,889

8,964

9,019

9,096

9,133

9,116

9,116

7,995

7,821

7,820

7,834

7,843

7,763

7,468

6,145

6,219

6,238

6,242

6,103

5,854

Weighted Average Number of Shares Outstanding, Diluted

7,422

7,865

8,157

8,252

8,322

8,840

8,456

8,401

8,411

6,659

8,492

7,064

6,773

6,614

7,854

8,314

8,506

8,877

8,775

9,037

9,151

9,203

9,279

9,325

9,361

9,359

8,227

8,058

8,088

8,128

8,117

8,081

7,966

7,317

6,219

6,887

6,913

6,538

5,854

Investment management fees
Revenues

475,847

461,477

452,196

453,886

442,463

437,021

425,804

401,386

372,280

331,075

289,624

252,727

236,857

235,230

236,845

241,338

252,013

264,865

279,628

293,697

299,367

300,663

296,475

284,634

274,572

260,557

242,536

223,402

203,805

187,875

172,408

161,476

148,079

135,063

120,848

107,183

0

0

0

Distribution and service fees
Revenues

40,295

40,898

41,951

45,239

48,171

50,715

51,504

49,256

46,146

44,322

44,193

44,827

46,555

48,250

51,007

54,478

59,946

67,066

74,721

82,805

89,110

91,950

92,007

88,658

84,042

78,965

72,904

67,243

61,506

56,866

52,466

49,240

46,775

43,792

39,648

35,214

0

0

0

Administration and shareholder service fees
Revenues

60,124

59,884

60,089

61,376

62,289

63,614

64,112

62,244

55,753

48,996

42,332

37,221

37,244

38,261

40,099

42,125

45,203

48,247

51,430

54,620

55,985

56,016

54,756

52,444

50,563

48,185

44,828

41,110

37,072

33,779

30,724

28,313

26,107

23,878

21,681

19,282

0

0

0

Other income and fees
Revenues

828

987

991

981

1,002

885

774

773

680

1,214

1,284

1,307

1,379

813

868

929

1,279

1,799

2,220

2,343

2,096

1,969

1,721

1,791

1,741

1,508

1,368

1,423

1,473

1,566

1,741

1,816

1,968

1,919

1,885

1,714

0

0

0

Consolidated Investment Products
Total operating expenses

10,313

4,015

4,087

4,240

3,455

3,515

3,482

9,710

8,400

8,531

0

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Investments

-7,950

-1,202

-14,542

-13,933

-25,432

-21,252

-7,187

11,013

11,368

13,553

0

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest Expense

96,790

92,005

90,032

85,739

69,940

64,788

59,928

59,218

46,935

35,243

0

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment Income, Interest and Dividend

117,183

115,356

113,738

110,044

104,355

98,356

92,465

83,647

65,070

49,323

0

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidated entity excluding consolidated investment products
Gain (Loss) on Investments

-3,933

7,044

-767

-1,143

-2,222

-5,217

1,046

2,787

3,114

2,973

0

0

0

-

-

0

0

-

0

0

0

-

2,175

4,499

3,371

2,350

0

0

0

-

-

-

-

-

0

-

-

-

-

Interest Expense

17,507

19,473

21,168

21,434

20,752

19,445

17,391

16,352

15,622

12,007

0

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment Income, Interest and Dividend

3,406

3,844

4,761

4,614

5,468

4,999

4,102

4,065

2,693

2,160

0

0

0

-

-

0

0

-

0

0

0

-

1,291

1,091

950

664

761

733

701

710

504

487

381

321

244

240

0

0

0