US-listed companies
VIRTUS INVESTMENT PARTNERS, INC.

VIRTUS INVESTMENT PARTNERS, INC.VRTS

Market cap

$1.6B

P/E ratio

11.5x

Income statement Balance sheet Cash flow

	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Investment management fees	-	-	-	-	-	-	-	437	461	505	782	728	711
Distribution and service fees	-	-	-	-	-	-	-	51	41	38	91	68	56
Administration and shareholder service fees	-	-	-	-	-	-	-	64	60	59	103	86	74
Other income and fees	-	-	-	-	-	-	-	-	-	-	5	5	4
Revenues	205	280	389	451	382	323	426	552	563	604	979	886	845
Employment expenses	93	106	132	140	137	136	191	239	241	267	358	371	405
Distribution and other asset-based expenses	60	72	98	124	90	69	72	92	82	77	141	113	97
Other operating expenses	30	34	38	47	64	-	-	-	-	-	-	-	-
Change in fair value of contingent consideration	-	-	-	-	-	-	-	-	-	-	12	8	-6
Restructuring expense	-	-	-	0	-	4	11	0	2	1	-	4	1
Depreciation	-	-	2	3	3	3	3	5	5	5	4	4	6
Amortization expense	-	4	4	4	3	2	12	25	30	30	44	59	61
Total operating expenses	191	220	276	320	302	272	368	439	439	461	654	689	694
Operating Income (Loss)	14	60	114	131	80	51	58	113	125	143	325	197	151
Gain (Loss) on Investments	-	2	2	1	-1	-	-	-	-	-	-	-	-
Other income (expense), net	-0	-0	0	1	1	1	2	3	2	2	4	-0	-0
Total other income (expense), net	-0	4	6	-3	-27	9	18	-23	8	7	6	-52	4
Interest expense	1	1	1	1	1	-	-	-	-	-	-	-	-
Interest and dividend income	-	-	1	2	1	-	-	-	-	-	-	-	-
Total interest income (expense), net	-	-	-	-	-	10	4	19	8	14	22	18	31
Income (Loss) Before Income Taxes	13	65	122	136	68	70	80	109	141	164	354	164	187
Income tax expense (benefit)	-132	27	45	39	37	21	40	33	35	44	91	57	45
Net Income (Loss)	-	-	-	-	31	49	40	76	106	120	263	107	141
Noncontrolling interests	-	-	-	-	-	-	-	-	-	-	55	-11	11
Net Income (Loss) Attributable to Virtus Investment Partners, Inc.	112	38	75	98	35	49	29	67	87	80	208	118	131
Earnings Per Share, Basic	17.98	4.87	9.18	10.75	3.99	6.34	4.09	9.37	12.54	10.49	27.13	15.9	18.02
Earnings Per Share, Diluted	16.34	4.66	8.92	10.51	3.92	6.2	3.96	8.86	11.74	10.02	26.01	15.5	17.71