VIRTUS INVESTMENT PARTNERS INC
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
VRTS$131.71-6.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
Consolidated Balance Sheets
| (in thousands, except share data) | December 31, 2023 | December 31, 2022 |
|---|---|---|
| Assets: | ||
| Cash and cash equivalents | $239,602 | $338,234 |
| Investments | 132,696 | 100,330 |
| Accounts receivable, net | 109,076 | 99,274 |
| Assets of consolidated investment products ("CIP") | ||
| Cash and cash equivalents of CIP | 100,732 | 250,301 |
| Cash pledged or on deposit of CIP | 680 | 644 |
| Investments of CIP | 2,082,713 | 2,190,113 |
| Other assets of CIP | 43,235 | 45,445 |
| Furniture, equipment and leasehold improvements, net | 26,216 | 19,123 |
| Intangible assets, net | 432,119 | 442,519 |
| Goodwill | 397,098 | 348,836 |
| Deferred taxes, net | 25,024 | 23,171 |
| Other assets | 89,438 | 94,944 |
| Total assets | $3,678,629 | $3,952,934 |
| Liabilities and Equity | ||
| Liabilities: | ||
| Accrued compensation and benefits | $200,837 | $181,805 |
| Accounts payable and accrued liabilities | 38,756 | 33,200 |
| Dividends payable | 17,291 | 15,812 |
| Contingent consideration | 90,938 | 128,400 |
| Debt | 253,412 | 255,025 |
| Other liabilities | 91,471 | 87,827 |
| Liabilities of CIP | ||
| Notes payable of CIP | 1,922,243 | 2,083,314 |
| Securities purchased payable and other liabilities of CIP | 90,523 | 230,897 |
| Total liabilities | 2,705,471 | 3,016,280 |
| Commitments and Contingencies (Note 12) | ||
| Redeemable noncontrolling interests | 104,869 | 113,718 |
| Equity: | ||
| Equity attributable to Virtus Investment Partners, Inc.: | ||
| Common stock, $0.01 par value, 1,000,000,000 shares authorized; 12,163,228 shares issued and 7,087,728 shares outstanding at December 31, 2023 and 12,033,247 shares issued and 7,181,554 shares outstanding at December 31, 2022 | 122 | 120 |
| Additional paid-in capital | 1,300,999 | 1,286,244 |
| Retained earnings (accumulated deficit) | 207,356 | 130,261 |
| Accumulated other comprehensive income (loss) | (87) | (358) |
| Treasury stock, at cost, 5,075,500 and 4,851,693 shares at December 31, 2023 and December 31, 2022, respectively | (644,464) | (599,248) |
| Total equity attributable to Virtus Investment Partners, Inc. | 863,926 | 817,019 |
| Noncontrolling interests | 4,363 | 5,917 |
| Total equity | 868,289 | 822,936 |
| Total liabilities and equity | $3,678,629 | $3,952,934 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.