Virtus Investment Partners, Inc. (VRTS) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 35.9M | -247.44M | 108.28M | 75.76M | -3.79M | -102.81M | 69.14M | 69.95M | -34.53M | 7.32M | 127.75M | 145.05M | -42.96M | -22.18M | 117.24M | 119.39M | -81.78M | 242.05M | 184.5M | 89.03M |
| Operating CF Margin % | 19.3% | -130.86% | 50.33% | 36.16% | -1.75% | -44.24% | 30.59% | 31.32% | -15.62% | 3.42% | 58.53% | 68.31% | -21.81% | -11.25% | 56.05% | 53.26% | -32.56% | 91.43% | 73.53% | 36.66% |
| Operating CF Growth % | 1048.01% | -140.69% | 56.61% | 8.29% | 89.03% | -1505.04% | -45.88% | -51.77% | 19.63% | 132.99% | 8.97% | 21.49% | 47.47% | -109.16% | -36.46% | 34.1% | -154.46% | 57.01% | 165.68% | 145.1% |
| Net Income | 6.15M | 33.85M | 31.34M | 42.74M | 28.05M | 39.46M | 49.1M | 26.02M | 37.87M | 38.5M | 38.15M | 30.18M | 34.64M | 25.84M | 27.41M | 14.26M | 39.12M | 62.01M | 72.51M | 76.1M |
| Depreciation & Amortization | 17.67M | 15.54M | 16.18M | 15.78M | 16.12M | 16.15M | 16.32M | 18.37M | 18.16M | 17.42M | 17.8M | 17.67M | 15.91M | 16.07M | 15.92M | 16.24M | 15.98M | 15.55M | 12.02M | 11.98M |
| Stock-Based Compensation | 5.19M | 4.73M | 5.69M | 6.81M | 6.73M | 8.58M | 8.24M | 9.19M | 6.83M | 6.75M | 7.67M | 6.66M | 5.75M | 4.78M | 5.15M | 4.57M | 9.55M | 4.39M | 5.99M | 7.85M |
| Deferred Taxes | 1.4M | 1.9M | 3.07M | 1.99M | 1.44M | 4.89M | 1.57M | -433K | 1.09M | -1.34M | 2.84M | -1.54M | 1.44M | 3.54M | -3.23M | -2.83M | 562K | -6.99M | -1.15M | -1.9M |
| Other Non-Cash Items | 103.93M | -352.51M | 3.46M | -3.05M | 51.87M | -208.51M | -104.48M | -1.06M | 17.77M | -103.07M | 41.27M | 46.77M | 1.73M | -108.95M | 33.01M | 60.41M | -41.7M | 107.19M | 57.46M | -12.79M |
| Working Capital Changes | -98.44M | 49.03M | 48.54M | 11.49M | -108M | 36.62M | 98.39M | 17.86M | -116.25M | 49.06M | 20.02M | 44.99M | -102.43M | 36.55M | 38.98M | 26.74M | -105.28M | 59.89M | 37.67M | 7.79M |
| Change in Receivables | 5.13M | 8.03M | 4.74M | -1.46M | 10.92M | -1.16M | -261K | 10.6M | -341K | 3.38M | -2.49M | -3.9M | 9.11M | 4.61M | 1.87M | 17.23M | 13.84M | 11.36M | 1.78M | -16.1M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 120.27M | -72.63M | 0 | 0 |
| Change in Payables | -107.16M | 38.26M | 0 | 0 | 0 | 0 | 120.63M | 0 | 0 | 0 | 0 | 0 | -115.51M | 29.26M | -76.64M | 0 | -120.27M | 72.63M | 0 | 0 |
| Cash from Investing | -198.47M | -41.91M | -1.41M | -1.03M | -2.98M | -12.13M | -1.02M | -1.34M | -2.46M | -2.38M | -4.11M | -110.1M | -13.14M | -1.72M | -1.3M | -1.87M | -22.57M | -158.51M | -11M | -2.92M |
| Capital Expenditures | -2.36M | 5.95M | -1.41M | -1.55M | -2.98M | 3.66M | -407K | -1.33M | -1.92M | -2.38M | -3.89M | -1.1M | -1.45M | -1.09M | -1.13M | -1.85M | -2.51M | -1.02M | -486K | -1.78M |
| CapEx % of Revenue | 1.27% | 3.14% | 0.66% | 0.74% | 1.38% | 1.57% | 0.18% | 0.59% | 0.87% | 1.11% | 1.78% | 0.52% | 0.74% | 0.55% | 0.54% | 0.83% | 1% | 0.38% | 0.19% | 0.73% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 2.72B | 2.77B | 2.37B | 2.35B | 2.38B | 2.37B | 2.23B | 2.21B | 2.19B | 2.2B | 2.21B | 2.14B | 2.21B | 2.28B | 2.06B | 2.08B | 2.24B | 2.24B | 2.28B | 2.35B |
| Other Investing | 0 | 347.63M | 0 | 522K | -47.85M | 197.42M | 57.59M | -12K | -537K | 0 | -215K | 0 | 4.02M | 112.49M | 15.35M | -16K | 57.07M | -287.83M | -10.51M | -1.14M |
| Cash from Financing | -40.9M | 305.27M | 112.28M | -52.06M | -174.46M | 204.45M | -107.66M | 34.3M | -56.15M | -70.34M | -75.04M | -95.65M | -115.08M | 216.91M | -78.79M | -94.4M | -145.78M | -90.89M | 14.13M | -79.97M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -10M | -10M | 0 | -30M | -20M | -12.5M | -14.87M | -12.5M | -5M | -20M | -15M | -10M | 0 | -10M | -10M | -40M | -30M | -25M | -20M | -7.5M |
| Dividends Paid | -17.9M | -16.27M | -15.36M | -15.82M | -17.15M | -15.87M | -13.66M | -13.67M | -14.93M | -13.66M | -12.02M | -12.28M | -14.08M | -12.01M | -11.05M | -11.53M | -12.66M | -11.38M | -6.28M | -6.63M |
| Share Repurchases | -10M | -10M | 0 | -30M | -20M | -12.5M | -14.87M | -12.5M | -5M | -20M | -15M | -10M | -12.21M | -10M | -10M | -40M | -30M | -25M | -20M | -7.5M |
| Other Financing | -40.95M | -8.59M | -28.4M | -2.82M | -13.04M | 8.52M | -23.68M | 794K | -17.73M | -225K | -17.49M | 1.15M | -39.09M | -4.82M | -9.75M | -1.73M | -50.19M | -3.9M | 1K | 8.25M |
| Net Change in Cash | -203.75M | 15.94M | 218.91M | 23.75M | -180.72M | 88.4M | -38.78M | 103.02M | -93.34M | -64.82M | 48.15M | -60.5M | -171M | 193.55M | 36.8M | 22.87M | -250.18M | -7.34M | 187.63M | 6.14M |
| Free Cash Flow | 33.54M | -241.5M | 106.86M | 74.21M | -6.77M | -104.73M | 68.73M | 68.63M | -36.45M | 4.93M | 123.86M | 143.95M | -44.41M | -23.27M | 116.11M | 117.53M | -84.28M | 241.03M | 184.01M | 87.25M |
| FCF Margin % | 18.03% | -127.71% | 49.67% | 35.42% | -3.12% | -45.06% | 30.41% | 30.72% | -16.49% | 2.31% | 56.75% | 67.79% | -22.54% | -11.8% | 55.51% | 52.43% | -33.56% | 91.04% | 73.34% | 35.93% |
| FCF Growth % | 595.36% | -130.6% | 55.49% | 8.13% | 81.42% | -2222.58% | -44.51% | -52.32% | 17.92% | 121.21% | 6.68% | 22.47% | 47.31% | -109.65% | -36.9% | 34.71% | -157.11% | 56.61% | 166.18% | 144.18% |
| FCF per Share | 4.93 | -35.22 | 15.56 | 10.61 | -0.96 | -14.67 | 9.58 | 9.48 | -5.00 | 0.67 | 16.79 | 19.49 | -5.99 | -3.14 | 15.56 | 15.45 | -10.75 | 30.40 | 23.05 | 10.90 |
| FCF Conversion (FCF/Net Income) | 5.04x | -6.98x | 3.39x | 1.79x | -0.13x | -3.09x | 1.69x | 3.97x | -1.16x | 0.24x | 4.13x | 4.79x | -1.11x | -0.63x | 3.70x | 6.86x | -2.47x | 4.86x | 3.14x | 1.41x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |