For the year ending 2025-12-31, VRTS had $77,877K increase in cash & cash equivalents over the period. -$74,089K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income (loss) | 135,988 |
| Depreciation expense, intangible asset and other amortization | 63,623 |
| Stock-based compensation | 23,964 |
| Equity in (earnings) loss of equity method investments | 3,635 |
| Realized and unrealized (gains) losses on investments, net-Consolidated Entity Excluding Variable Interest Entities VIEand Voting Interest Entities VOE | 4,214 |
| Distributions from equity method investments | 4,078 |
| Change in fair value of contingent consideration | -2,214 |
| Deferred taxes, net | 8,401 |
| Lease termination | 0 |
| Sales (purchases) of investments, net | 409 |
| Accounts receivable, net and other assets | -22,224 |
| Accrued compensation and benefits, accounts payable, accrued liabilities and other liabilities | -23,166 |
| Realized and unrealized (gains) losses on investments, net-Variable Interest Entity Primary Beneficiaryand Voting Interest Entity | -18,364 |
| Purchases of investments by cip-Variable Interest Entity Primary Beneficiaryand Voting Interest Entity | 1,447,091 |
| Sales of investments by cip-Variable Interest Entity Primary Beneficiaryand Voting Interest Entity | 1,130,806 |
| Net proceeds (purchases) of short-term investments and securities sold short by cip-Variable Interest Entity Primary Beneficiaryand Voting Interest Entity | -194 |
| Change in other assets and liabilities of cip-Variable Interest Entity Primary Beneficiaryand Voting Interest Entity | -2,008 |
| Amortization of discount on notes payable of cip-Variable Interest Entity Primary Beneficiaryand Voting Interest Entity | 3,450 |
| Net cash provided by (used in) operating activities | -67,199 |
| Capital expenditures and other asset purchases | 6,890 |
| Purchase of equity method investment | 41,084 |
| Change in cash and cash equivalents of cip due to consolidation (deconsolidation), net-Variable Interest Entity Primary Beneficiaryand Voting Interest Entity | 635 |
| Acquisition of business, net of cash acquired of 4,395 for the year ended december 31, 2023 | 0 |
| Net cash provided by (used in) investing activities | -47,339 |
| Refinancing and borrowings on credit agreement | 201,191 |
| Repayments on credit agreement | 40,254 |
| Payment of deferred financing costs | 7,366 |
| Payment of contingent consideration | 23,140 |
| Repurchase of common shares | 59,999 |
| Common stock dividends paid | 64,599 |
| Taxes paid related to net share settlement of restricted stock units | 7,847 |
| Investment management subsidiary equity sales (purchases) | 24,889 |
| Net contributions from (distributions to) noncontrolling interests | 10,388 |
| Borrowings by cip-Variable Interest Entity Primary Beneficiaryand Voting Interest Entity | 661,125 |
| Payments on borrowings by cip-Variable Interest Entity Primary Beneficiaryand Voting Interest Entity | 453,585 |
| Net cash provided by (used in) financing activities | 191,025 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 1,390 |
| Net increase (decrease) in cash and cash equivalents | 77,877 |
| Cash, cash equivalents and restricted cash, beginning of year | 400,309 |
| Cash, cash equivalents and restricted cash, end of year | 478,186 |
VIRTUS INVESTMENT PARTNERS, INC. (VRTS)
VIRTUS INVESTMENT PARTNERS, INC. (VRTS)