Virtus Investment Partners, Inc. (VRTS)

VRTS Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	884.28	841.49	881.72	974.67	603.23	562.26
Other Revenue	3.76	3.78	4.66	4.56	0.67	0.99
Revenue	888.04	845.27	886.38	979.23	603.9	563.25
Revenue Growth (YoY)	7.12%	-4.64%	-9.48%	62.15%	7.22%	1.99%
Cost of Revenue	521.92	501.54	483.87	499.27	344.31	322.62
Gross Profit	366.12	343.72	402.51	479.97	259.59	240.63
Selling, General & Admin	14.7	14.7	14	5.6	5.1	-
Other Operating Expenses	117.93	115.4	116.59	88.1	75.38	78.38
Operating Expenses	199.79	196.93	193.01	142.08	115.27	113.61
Operating Income	166.34	146.8	209.5	337.89	144.32	127.01
Interest Expense	-186.3	-178.77	-93.41	-69.64	-97.33	-111.48
Interest & Investment Income	220.03	210.17	111.77	91.44	111.02	119.2
Earnings From Equity Investments	2.71	-0.2	0.19	4.4	1.96	2.6
Other Non Operating Income (Expenses)	-0.39	-0.24	-0.34	-0.17	-0.09	-0.19
EBT Excluding Unusual Items	202.38	177.76	227.71	363.92	159.88	137.15
Merger & Restructuring Charges	-1.62	-0.82	-4.02	-	-1.16	-2.3
Gain (Loss) on Sale of Investments	-5.61	4.12	-51.79	2.15	5.17	5.84
Other Unusual Items	6.01	5.51	-8.02	-12.4	-	-
Pretax Income	201.16	186.56	163.89	353.67	163.9	140.69
Income Tax Expense	49.67	45.09	57.26	90.84	43.94	35.18
Earnings From Continuing Operations	151.49	141.48	106.63	262.84	119.96	105.51
Minority Interest in Earnings	-32.21	-10.86	10.91	-54.7	-40.01	-9.86
Net Income	119.29	130.62	117.54	208.13	79.96	95.65
Preferred Dividends & Other Adjustments	-	-	-	-	-	8.34
Net Income to Common	119.29	130.62	117.54	208.13	79.96	87.31
Net Income Growth	-11.76%	11.13%	-43.53%	160.30%	-16.41%	26.64%
Shares Outstanding (Basic)	7	7	7	8	8	7
Shares Outstanding (Diluted)	7	7	8	8	8	8
Shares Change (YoY)	-1.95%	-2.73%	-5.26%	0.34%	-2.12%	-4.43%
EPS (Basic)	16.74	18.02	15.90	27.13	10.49	12.54
EPS (Diluted)	16.44	17.71	15.50	26.01	10.02	11.74
EPS Growth	-10.00%	14.26%	-40.41%	159.58%	-14.63%	32.51%
Free Cash Flow	105.84	228.34	126.09	659.89	-227.15	-44.28
Free Cash Flow Per Share	14.59	30.96	16.63	82.46	-28.48	-5.43
Dividend Per Share	7.950	7.100	6.300	4.640	2.980	2.440
Dividend Growth	16.06%	12.70%	35.78%	55.70%	22.13%	22.00%
Gross Margin	41.23%	40.66%	45.41%	49.01%	42.99%	42.72%
Operating Margin	18.73%	17.37%	23.63%	34.51%	23.90%	22.55%
Profit Margin	13.43%	15.45%	13.26%	21.25%	13.24%	15.50%
Free Cash Flow Margin	11.92%	27.01%	14.23%	67.39%	-37.61%	-7.86%
EBITDA	235.35	215.24	273.71	388.66	183.17	166.66
EBITDA Margin	26.50%	25.46%	30.88%	39.69%	30.33%	29.59%
D&A For EBITDA	69.01	68.44	64.22	50.77	38.85	39.64
EBIT	166.34	146.8	209.5	337.89	144.32	127.01
EBIT Margin	18.73%	17.37%	23.63%	34.51%	23.90%	22.55%
Effective Tax Rate	24.69%	24.17%	34.94%	25.68%	26.81%	25.00%
Revenue as Reported	888.04	845.27	886.38	979.23	603.9	563.25

Source: S&P Capital IQ. Standard template. Financial Sources.