Virtus Investment Partners, Inc. (VRTS) financial statements (2021 and earlier)

Company profile

Business Address ONE FINANCIAL PLAZA
HARTFORD, CT 06103
State of Incorp. DE
Fiscal Year End December 31
SIC 6282 - Investment Advice (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments40612612338397203
Cash and cash equivalents  2022338397203
Short-term investments406159    
Total current assets:40612612338397203
Noncurrent Assets
Operating lease, right-of-use asset1721
Property, plant and equipment14182011897
Long-term investments and receivables     97
Long-term investments     97
Intangible assets, net (including goodwill)571601629472454847
Goodwill290290290170775
Intangible assets, net (excluding goodwill)280310339302384142
Deferred income tax assets1016
Total noncurrent assets:612656649483536661
Other undisclosed assets2,8152,4881,9601,874689697434
TOTAL ASSETS:3,4673,2052,8712,591824860699
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Liability for uncertainty in income taxes     3131
Total current liabilities:     3131
Noncurrent Liabilities
Other undisclosed liabilities2,6302,4552,1691,98146524581
Total liabilities:2,6302,4552,1691,981465276112
Temporary equity, carrying amount11664574377423
Stockholders' equity
Stockholders' equity attributable to parent711676630589322510564
Preferred stock 111111111   
Common stock0000000
Treasury stock, value(452)(419)(379)(352)(344)(158)(78)
Additional paid in capital1,2981,1991,2101,2161,0901,1411,149
Accumulated other comprehensive income (loss)00(1)(1)(0)(1)(0)
Accumulated deficit(135)(215)(311)(386)(424)(473)(508)
Stockholders' equity attributable to noncontrolling interest10111417 (0)(0)
Total stockholders' equity:721686644605322509563
TOTAL LIABILITIES AND EQUITY:3,4673,2052,8712,591824860699

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Financial services revenue426323382451
Gross profit:604563552426323382451
Operating expenses(461)(439)(439)(368)(272)(302)(320)
Operating income:143125113585180131
Nonoperating income (expense)78(23)189(27)(3)
Investment income, nonoperating     03
Other nonoperating income2232111
Interest and debt expense1    (1)(1)
Income from continuing operations before equity method investments, income taxes:15113390766053127
Income from equity method investments      0
Other undisclosed income from continuing operations before income taxes13819410148
Income from continuing operations before income taxes:164141109807068136
Income tax expense(44)(35)(33)(40)(21)(37)(39)
Net income:1201067640493197
Other undisclosed net loss attributable to parent(40)(10)(1)(3)   
Net income attributable to parent:80967637493197
Preferred stock dividends and other adjustments (8)(8)(8)   
Other undisclosed net income (loss) available to common stockholders, basic    (0)41
Net income available to common stockholders, diluted:80876729493598

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1201067640493197
Other comprehensive income (loss)00(0)(0)1(1)(0)
Comprehensive income:1201067640503097
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(40)(10)(1)(3)(0)41
Comprehensive income, net of tax, attributable to parent:80967537493498

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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