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 investments | 40 | 61 | 261 | 233 | 83 | 97 | 203 | ||
| Cash and cash equivalents | 202 | 233 | 83 | 97 | 203 | ||||
| Short-term investments | 40 | 61 | 59 | ||||||
| Total current assets: | 40 | 61 | 261 | 233 | 83 | 97 | 203 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 17 | 21 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 14 | 18 | 20 | 11 | 8 | 9 | 7 | ||
| Long-term investments and receivables | 9 | 7 | |||||||
| Long-term investments | 9 | 7 | |||||||
| Intangible assets, net (including goodwill) | 571 | 601 | 629 | 472 | 45 | 48 | 47 | ||
| Goodwill | 290 | 290 | 290 | 170 | 7 | 7 | 5 | ||
| Intangible assets, net (excluding goodwill) | 280 | 310 | 339 | 302 | 38 | 41 | 42 | ||
| Deferred income tax assets | 10 | 16 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Total noncurrent assets: | 612 | 656 | 649 | 483 | 53 | 66 | 61 | ||
| Other undisclosed assets | 2,815 | 2,488 | 1,960 | 1,874 | 689 | 697 | 434 | ||
| TOTAL ASSETS: | 3,467 | 3,205 | 2,871 | 2,591 | 824 | 860 | 699 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Liability for uncertainty in income taxes | 31 | 31 | |||||||
| Total current liabilities: | 31 | 31 | |||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 2,630 | 2,455 | 2,169 | 1,981 | 465 | 245 | 81 | ||
| Total liabilities: | 2,630 | 2,455 | 2,169 | 1,981 | 465 | 276 | 112 | ||
| Temporary equity, carrying amount | 116 | 64 | 57 | 4 | 37 | 74 | 23 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 711 | 676 | 630 | 589 | 322 | 510 | 564 | ||
| Preferred stock | 111 | 111 | 111 | ||||||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Treasury stock, value | (452) | (419) | (379) | (352) | (344) | (158) | (78) | ||
| Additional paid in capital | 1,298 | 1,199 | 1,210 | 1,216 | 1,090 | 1,141 | 1,149 | ||
| Accumulated other comprehensive income (loss) | 0 | 0 | (1) | (1) | (0) | (1) | (0) | ||
| Accumulated deficit | (135) | (215) | (311) | (386) | (424) | (473) | (508) | ||
| Stockholders' equity attributable to noncontrolling interest | 10 | 11 | 14 | 17 | (0) | (0) | |||
| Total stockholders' equity: | 721 | 686 | 644 | 605 | 322 | 509 | 563 | ||
| TOTAL LIABILITIES AND EQUITY: | 3,467 | 3,205 | 2,871 | 2,591 | 824 | 860 | 699 | ||
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 revenue | ✕ | ✕ | ✕ | 426 | 323 | 382 | 451 | |
| Gross profit: | 604 | 563 | 552 | 426 | 323 | 382 | 451 | |
| Operating expenses | (461) | (439) | (439) | (368) | (272) | (302) | (320) | |
| Operating income: | 143 | 125 | 113 | 58 | 51 | 80 | 131 | |
| Nonoperating income (expense) | 7 | 8 | (23) | 18 | 9 | (27) | (3) | |
| Investment income, nonoperating | 0 | 3 | ||||||
| Other nonoperating income | 2 | 2 | 3 | 2 | 1 | 1 | 1 | |
| Interest and debt expense | 1 | (1) | (1) | |||||
| Income from continuing operations before equity method investments, income taxes: | 151 | 133 | 90 | 76 | 60 | 53 | 127 | |
| Income from equity method investments | 0 | |||||||
| Other undisclosed income from continuing operations before income taxes | 13 | 8 | 19 | 4 | 10 | 14 | 8 | |
| Income from continuing operations before income taxes: | 164 | 141 | 109 | 80 | 70 | 68 | 136 | |
| Income tax expense | (44) | (35) | (33) | (40) | (21) | (37) | (39) | |
| Net income: | 120 | 106 | 76 | 40 | 49 | 31 | 97 | |
| Other undisclosed net loss attributable to parent | (40) | (10) | (1) | (3) | ||||
| Net income attributable to parent: | 80 | 96 | 76 | 37 | 49 | 31 | 97 | |
| Preferred stock dividends and other adjustments | (8) | (8) | (8) | |||||
| Other undisclosed net income (loss) available to common stockholders, basic | (0) | 4 | 1 | |||||
| Net income available to common stockholders, diluted: | 80 | 87 | 67 | 29 | 49 | 35 | 98 | |
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: | 120 | 106 | 76 | 40 | 49 | 31 | 97 | |
| Other comprehensive income (loss) | 0 | 0 | (0) | (0) | 1 | (1) | (0) | |
| Comprehensive income: | 120 | 106 | 76 | 40 | 50 | 30 | 97 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (40) | (10) | (1) | (3) | (0) | 4 | 1 | |
| Comprehensive income, net of tax, attributable to parent: | 80 | 96 | 75 | 37 | 49 | 34 | 98 | |
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.