v3.24.1.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 61,226 $ 91,378
Fees receivable, net 135,630 120,958
Prepaid expenses and other current assets 53,330 51,472
Assets held for deconsolidation 55,016 0
Total current assets 305,202 263,808
Property and equipment, net 46,856 48,223
Internally developed software, net 214,507 224,713
Intangible assets, net 323,326 338,068
Goodwill 779,916 806,563
Operating lease right-of-use assets, net 67,127 69,154
Other assets 127,111 126,723
Total assets 1,864,045 1,877,252
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 201,126 241,424
Operating lease liabilities 12,479 12,909
Deferred revenue 34,584 38,201
Liabilities held for deconsolidation 8,998 0
Total current liabilities 257,187 292,534
Debt 877,842 876,612
Operating lease liabilities, net of current portion 98,085 100,830
Deferred tax liabilities, net 15,716 16,568
Other liabilities 17,897 16,202
Total liabilities 1,266,727 1,302,746
Commitments and contingencies
Stockholders' equity    
Preferred stock, par value $0.005, 50,000,000 shares authorized; no shares issued and outstanding as of March 31, 2024 and December 31, 2023 0 0
Common stock, par value $0.005, 500,000,000 shares authorized; 71,633,071 and 71,129,801 shares issued as of March 31, 2024 and December 31, 2023, respectively; 55,099,000 and 54,773,662 shares outstanding as of March 31, 2024 and December 31, 2023, respectively 358 355
Treasury stock at cost, 16,534,071 and 16,356,139 shares as of March 31, 2024 and December 31, 2023, respectively (281,022) (272,573)
Additional paid-in capital 1,225,270 1,206,627
Accumulated deficit (355,138) (357,651)
Accumulated other comprehensive loss (8,571) (8,567)
Total stockholders’ equity, attributable to Envestnet, Inc. 580,897 568,191
Non-controlling interest 16,421 6,315
Total equity 597,318 574,506
Total liabilities and equity $ 1,864,045 $ 1,877,252

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