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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments612612338397203272
Cash and cash equivalents 2022338397203272
Short-term investments6159     
Total current assets:612612338397203272
Noncurrent Assets
Operating lease, right-of-use asset21
Property, plant and equipment1820118977
Long-term investments and receivables    974
Long-term investments    974
Intangible assets, net (including goodwill)60162947245484750
Goodwill2902901707755
Intangible assets, net (excluding goodwill)31033930238414245
Deferred income tax assets16
Total noncurrent assets:65664948353666161
Other undisclosed assets2,4881,9601,874689697434312
TOTAL ASSETS:3,2052,8712,591824860699645
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Liability for uncertainty in income taxes    3131 
Total current liabilities:    3131 
Noncurrent Liabilities
Other undisclosed liabilities2,4552,1691,98146524581110
Total liabilities:2,4552,1691,981465276112110
Temporary equity, carrying amount6457437742342
Stockholders' equity
Stockholders' equity attributable to parent676630589322510564493
Preferred stock111111111    
Common stock0000000
Treasury stock, value(419)(379)(352)(344)(158)(78)(37)
Additional paid in capital1,1991,2101,2161,0901,1411,1491,136
Accumulated other comprehensive income (loss)0(1)(1)(0)(1)(0)(0)
Accumulated deficit(215)(311)(386)(424)(473)(508)(605)
Stockholders' equity attributable to noncontrolling interest111417 (0)(0) 
Other undisclosed stockholders' equity      (0)
Total stockholders' equity:686644605322509563493
TOTAL LIABILITIES AND EQUITY:3,2052,8712,591824860699645

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Financial services revenue4263233824512
Gross profit:563552426323382451389
Operating expenses(439)(439)(368)(272)(302)(320)(276)
Operating income:125113585180131114
Nonoperating income (expense)8(23)189(27)(3)6
Investment income, nonoperating    032
Other nonoperating income2321110
Interest and debt expense    (1)(1)(1)
Income from continuing operations before equity method investments, income taxes:13390766053127119
Income from equity method investments     00
Other undisclosed income from continuing operations before income taxes8194101483
Income from continuing operations before income taxes:141109807068136122
Income tax expense(35)(33)(40)(21)(37)(39)(45)
Net income:106764049319777
Other undisclosed net loss attributable to parent(10)(1)(3)    
Net income attributable to parent:96763749319777
Preferred stock dividends and other adjustments(8)(8)(8)    
Other undisclosed net income (loss) available to common stockholders, basic   (0)41(2)
Net income available to common stockholders, diluted:87672949359875

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:106764049319777
Other comprehensive income (loss)0(0)(0)1(1)(0)0
Comprehensive income:106764050309777
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(10)(1)(3)(0)412
Other undisclosed comprehensive loss, net of tax, attributable to parent      (4)
Comprehensive income, net of tax, attributable to parent:96753749349875

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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