10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-19-005060 |
| Period End Date | 20190331 |
| Filing Date | 20190515 |
| Fiscal Year | 2019 |
| Fiscal Period | Q1 |
| XBRL Instance | vctr-20190331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$12.92M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$51.49M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$12.30M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$66.26M | USD | Point-in-time |
| Receivables |
AccountsReceivableNet
|
$44.12M | USD | Point-in-time |
| Receivables |
AccountsReceivableNet
|
$42.78M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$2.66M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrentAndNoncurrent
|
$3.83M | USD | Point-in-time |
| Investments |
MarketableSecurities
|
$15.74M | USD | Point-in-time |
| Investments |
MarketableSecurities
|
$13.32M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$8.87M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$8.78M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$284.11M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$284.11M | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$387.68M | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$383.03M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$9.30M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$9.35M | USD | Point-in-time |
| Total assets |
Assets
|
$813.93M | USD | Point-in-time |
| Total assets |
Assets
|
$801.51M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesExcludingEmployeeBenefits
|
$20.35M | USD | Point-in-time |
| Accounts payable and accrued expenses |
AccountsPayableAndAccruedLiabilitiesExcludingEmployeeBenefits
|
$24.41M | USD | Point-in-time |
| Accrued compensation and benefits |
AccruedEmployeeBenefitsCurrentAndNoncurrent
|
$30.23M | USD | Point-in-time |
| Accrued compensation and benefits |
AccruedEmployeeBenefitsCurrentAndNoncurrent
|
$19.90M | USD | Point-in-time |
| Consideration payable for acquisition of business |
BusinessCombinationConsiderationPayable
|
$5.92M | USD | Point-in-time |
| Consideration payable for acquisition of business |
BusinessCombinationConsiderationPayable
|
$5.84M | USD | Point-in-time |
| Deferred tax liability, net |
DeferredIncomeTaxLiabilitiesNet
|
$6.21M | USD | Point-in-time |
| Deferred tax liability, net |
DeferredIncomeTaxLiabilitiesNet
|
$7.58M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$16.64M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$14.48M | USD | Point-in-time |
| Long-term debt |
LongTermDebt
|
$269.32M | USD | Point-in-time |
| Long-term debt |
LongTermDebt
|
$268.86M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$345.96M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$343.76M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$606.18M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$604.40M | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-86.00K | USD | Point-in-time |
| Accumulated other comprehensive income (loss) |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-12.00K | USD | Point-in-time |
| Retained deficit |
RetainedEarningsAccumulatedDeficit
|
$-119.71M | USD | Point-in-time |
| Retained deficit |
RetainedEarningsAccumulatedDeficit
|
$-105.28M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$398.83M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$455.55M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$231.18M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$470.17M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$801.51M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$813.93M | USD | Point-in-time |
Income Statement
37 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$87.48M | USD | 1 Quarter |
| Total revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$104.96M | USD | 1 Quarter |
| Personnel compensation and benefits |
SalariesWagesAndOfficersCompensation
|
$34.50M | USD | 1 Quarter |
| Personnel compensation and benefits |
SalariesWagesAndOfficersCompensation
|
$36.80M | USD | 1 Quarter |
| Distribution and other asset-based expenses |
NoninterestExpenseDistributionAndServicingFees
|
$25.16M | USD | 1 Quarter |
| Distribution and other asset-based expenses |
NoninterestExpenseDistributionAndServicingFees
|
$15.77M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$9.06M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$7.09M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$5.22M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$6.41M | USD | 1 Quarter |
| Acquisition-related costs |
BusinessCombinationAcquisitionRelatedCosts
|
$2.78M | USD | 1 Quarter |
| Restructuring and integration costs |
RestructuringAndRelatedCostIncurredCost
|
$264.00K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$65.35M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$77.70M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$22.12M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$27.27M | USD | 1 Quarter |
| Interest income and other income/(expense) |
InvestmentIncomeNet
|
$-37.00K | USD | 1 Quarter |
| Interest income and other income/(expense) |
InvestmentIncomeNet
|
$1.83M | USD | 1 Quarter |
| Interest expense and other financing costs |
FinancingInterestExpense
|
$4.62M | USD | 1 Quarter |
| Interest expense and other financing costs |
FinancingInterestExpense
|
$7.09M | USD | 1 Quarter |
| Loss on debt extinguishment |
GainsLossesOnExtinguishmentOfDebt
|
$-6.06M | USD | 1 Quarter |
| Total other income (expense), net |
NonoperatingIncomeExpense
|
$-2.79M | USD | 1 Quarter |
| Total other income (expense), net |
NonoperatingIncomeExpense
|
$-13.19M | USD | 1 Quarter |
| Income (loss) before income tax (expense) benefit |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$19.33M | USD | 1 Quarter |
| Income (loss) before income tax (expense) benefit |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$14.08M | USD | 1 Quarter |
| Income tax (expense) benefit |
IncomeTaxExpenseBenefit
|
$3.56M | USD | 1 Quarter |
| Income tax (expense) benefit |
IncomeTaxExpenseBenefit
|
$4.81M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$14.53M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$10.52M | USD | 1 Quarter |
| Earnings per sharebasic |
EarningsPerShareBasic
|
$0.17 | USD | 1 Quarter |
| Earnings per sharebasic |
EarningsPerShareBasic
|
$0.22 | USD | 1 Quarter |
| Earnings per sharediluted |
EarningsPerShareDiluted
|
$0.20 | USD | 1 Quarter |
| Earnings per sharediluted |
EarningsPerShareDiluted
|
$0.16 | USD | 1 Quarter |
| Weighted average shares outstandingbasic |
WeightedAverageNumberOfSharesOutstandingBasic
|
61.60M | shares | 1 Quarter |
| Weighted average shares outstandingbasic |
WeightedAverageNumberOfSharesOutstandingBasic
|
67.52M | shares | 1 Quarter |
| Weighted average shares outstandingdiluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
66.28M | shares | 1 Quarter |
| Weighted average shares outstandingdiluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
72.28M | shares | 1 Quarter |
Cash Flow Statement
65 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$10.52M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$14.53M | USD | 1 Quarter |
| Provision for deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$1.36M | USD | 1 Quarter |
| Provision for deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$3.36M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$5.22M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$6.41M | USD | 1 Quarter |
| Deferred financing costs and derivative and accretion expense |
PaymentsOfDeferredFinancingCostsAndDerivativeAndAccretionExpense
|
$-593.00K | USD | 1 Quarter |
| Deferred financing costs and derivative and accretion expense |
PaymentsOfDeferredFinancingCostsAndDerivativeAndAccretionExpense
|
$-995.00K | USD | 1 Quarter |
| Stock-based and deferred compensation |
EmployeeBenefitsAndShareBasedCompensationNoncash
|
$3.92M | USD | 1 Quarter |
| Stock-based and deferred compensation |
EmployeeBenefitsAndShareBasedCompensationNoncash
|
$4.25M | USD | 1 Quarter |
| Unrealized depreciation (appreciation) on investments |
IncreaseDecreaseInTradingSecurities
|
$-124.00K | USD | 1 Quarter |
| Unrealized depreciation (appreciation) on investments |
IncreaseDecreaseInTradingSecurities
|
$1.46M | USD | 1 Quarter |
| Loss on equity method investment |
IncomeLossFromEquityMethodInvestments
|
$-4.00K | USD | 1 Quarter |
| Loss on equity method investment |
IncomeLossFromEquityMethodInvestments
|
$-137.00K | USD | 1 Quarter |
| Loss on debt extinguishment |
GainsLossesOnExtinguishmentOfDebt
|
$-6.06M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
$327.00K | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
$-1.10M | USD | 1 Quarter |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$1.54M | USD | 1 Quarter |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$1.18M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$-425.00K | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedExpensesExcludingEmployeeBenefits
|
$5.68M | USD | 1 Quarter |
| Accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedExpensesExcludingEmployeeBenefits
|
$2.17M | USD | 1 Quarter |
| Accrued compensation and benefits |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-10.33M | USD | 1 Quarter |
| Accrued compensation and benefits |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-8.28M | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$138.00K | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$-80.00K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$17.94M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$25.87M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$484.00K | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$703.00K | USD | 1 Quarter |
| Purchases of trading securities |
PaymentsToAcquireInvestments
|
$1.46M | USD | 1 Quarter |
| Purchases of trading securities |
PaymentsToAcquireInvestments
|
$1.53M | USD | 1 Quarter |
| Sales of trading securities |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$448.00K | USD | 1 Quarter |
| Sales of trading securities |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$570.00K | USD | 1 Quarter |
| Equity method investment |
PaymentsToAcquireEquityMethodInvestments
|
$1.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.45M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-2.72M | USD | 1 Quarter |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$1.64M | USD | 1 Quarter |
| Payment of Class A common stock deferred offering costs |
PaymentsOfStockIssuanceCosts
|
$438.00K | USD | 1 Quarter |
| Payments of taxes related to net share settlement of equity awards |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$196.00K | USD | 1 Quarter |
| Proceeds from long-term senior debt |
ProceedsFromIssuanceOfSeniorLongTermDebt
|
$359.10M | USD | 1 Quarter |
| Payment of debt financing fees |
PaymentsOfFinancingCosts
|
$2.09M | USD | 1 Quarter |
| Repayment of long-term senior debt |
RepaymentsOfSeniorDebt
|
$536.75M | USD | 1 Quarter |
| Repayment of promissory note |
RepaymentsOfNotesPayable
|
$144.00K | USD | 1 Quarter |
| Repayment of promissory note |
RepaymentsOfNotesPayable
|
$96.00K | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividends
|
$41.00K | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividends
|
$53.00K | USD | 1 Quarter |
| Net cash used in by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-23.82M | USD | 1 Quarter |
| Net cash used in by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.74M | USD | 1 Quarter |
| Effect of changes of foreign exchange rate on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$39.00K | USD | 1 Quarter |
| Effect of changes of foreign exchange rate on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$21.00K | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-625.00K | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$14.77M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$12.92M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$51.49M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$12.30M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$66.26M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$12.92M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$51.49M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$12.30M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$66.26M | USD | Point-in-time |
| Cash paid for interest |
InterestPaid
|
$3.80M | USD | 1 Quarter |
| Cash paid for interest |
InterestPaid
|
$6.16M | USD | 1 Quarter |
| Cash paid for income taxes |
IncomeTaxesPaidNet
|
$343.00K | USD | 1 Quarter |
| Class A common stock offering costs reclassed from prepaid expenses and accounts payable and accrued expenses to additional paid in capital |
ReclassificationOfCommonStockOfferingCosts
|
$4.12M | USD | 1 Quarter |
Stockholders Equity
25 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance at beginning of period |
StockholdersEquity
|
$398.83M | USD | Point-in-time |
| Balance at beginning of period |
StockholdersEquity
|
$455.55M | USD | Point-in-time |
| Balance at beginning of period |
StockholdersEquity
|
$231.18M | USD | Point-in-time |
| Balance at beginning of period |
StockholdersEquity
|
$470.17M | USD | Point-in-time |
| Issuance of common stock |
StockIssuedDuringPeriodValueNewIssues
|
$13.00K | USD | 1 Quarter |
| Issuance of common stock |
StockIssuedDuringPeriodValueNewIssues
|
$156.55M | USD | 1 Quarter |
| Class A common stock offering costs |
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
$4.56M | USD | 1 Quarter |
| Repurchase of shares |
TreasuryStockRetiredCostMethodAmount
|
$1.34M | USD | 1 Quarter |
| Shares withheld related to net settlement of equity awards |
SharesWithheldRelatedToNetSettlementOfEquityAwards
|
$318.00K | USD | 1 Quarter |
| Exercise of options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$12.00K | USD | 1 Quarter |
| Exercise of options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$221.00K | USD | 1 Quarter |
| Cumulative effect of adoption of ASU |
CumulativeEffectOnRetainedEarningsNetOfTax1
|
$1.82M | USD | 1 Quarter |
| Fractional shares retired |
FractionalSharesRetired
|
$2.00K | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$12.00K | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$34.00K | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$3.32M | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$1.55M | USD | 1 Quarter |
| Dividends paid |
Dividends
|
$41.00K | USD | 1 Quarter |
| Dividends paid |
Dividends
|
$53.00K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$14.53M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$10.52M | USD | 1 Quarter |
| Balance at end of period |
StockholdersEquity
|
$398.83M | USD | Point-in-time |
| Balance at end of period |
StockholdersEquity
|
$455.55M | USD | Point-in-time |
| Balance at end of period |
StockholdersEquity
|
$231.18M | USD | Point-in-time |
| Balance at end of period |
StockholdersEquity
|
$470.17M | USD | Point-in-time |
Comprehensive Income
9 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$14.53M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$10.52M | USD | 1 Quarter |
| Net unrealized income on available-for-sale securities |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$5.00K | USD | 1 Quarter |
| Net unrealized gain (loss) on foreign currency translation |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$29.00K | USD | 1 Quarter |
| Net unrealized gain (loss) on foreign currency translation |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$12.00K | USD | 1 Quarter |
| Total other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$12.00K | USD | 1 Quarter |
| Total other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$34.00K | USD | 1 Quarter |
| Comprehensive income/(loss) |
ComprehensiveIncomeNetOfTax
|
$10.56M | USD | 1 Quarter |
| Comprehensive income/(loss) |
ComprehensiveIncomeNetOfTax
|
$14.54M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.