VRTS FY 2006 Earnings Report — Virtus Investment Partners, Inc. Revenue & Financial Results | Market Cap Arena

Virtus Investment Partners, Inc.VRTS

FY 2006 Earnings

Reported December 30, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$219M	—	—	—	—
Op. Income	-$106M	—	—	—	—
Gross Margin	100.0%	—	—	—	—
Net Margin	-21.8%	—	—	—	—
EPS (Diluted)	$-8.21	—	—	—	—
Free Cash Flow	$14M	—	—	—	—

Income Statement

Item	Amount
REVENUE	$219M
Cost of Revenue	$0
GROSS PROFIT	$219M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$139M
SG&A Expenses	$139M
Other Expenses	$124M
Operating Expenses	$263M
Cost & Expenses	$263M
OPERATING INCOME	-$106M
Interest Income	$0
Interest Expense	-$31M
Other Income/Expenses	$31M
INCOME BEFORE TAX	-$74M
Income Tax Expense	-$27M
Net Income from Continuing Ops	-$48M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$48M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$48M
D&A	$35M
EBIT	-$106M
EBITDA	-$71M
EPS	-$8
EPS Diluted	-$8

Cash Flow Statement

Item	Amount
Net Income	-$48M
Depreciation & Amortization	$35M
Stock-Based Compensation	$0
Deferred Income Tax	-$18M
Other Non-Cash Items	$42M
Change in Working Capital	$4M
OPERATING CASH FLOW	$16M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$7M
NET CASH FROM INVESTING	-$8M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	$2M
FREE CASH FLOW	$14M
Net Change in Cash	$10M