Annual report pursuant to Section 13 and 15(d)

Segment information (Tables)

v3.24.0.1
Segment information (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Income (Loss) From Operations by Segment
The following table presents a reconciliation from income (loss) from operations by segment to consolidated net income (loss) attributable to Envestnet, Inc.:

  Year Ended December 31,
  2023 2022 2021
(in thousands)
Envestnet Wealth Solutions $ 108,753  $ 57,323  $ 129,287 
Envestnet Data & Analytics (216,542) (22,221) (2,603)
Nonsegment operating expenses (96,692) (101,126) (86,143)
Income (loss) from operations (204,481) (66,024) 40,541 
Total other income (expense), net (28,516) (12,395) (20,180)
Income (loss) before income tax provision
 (232,997) (78,419) 20,361 
Income tax provision
 12,777  7,061  7,667 
Net income (loss) (245,774) (85,480) 12,694 
Add: Net loss attributable to non-controlling interest 7,050  4,541  602 
Net income (loss) attributable to Envestnet, Inc. $ (238,724) $ (80,939) $ 13,296 
Schedule of Consolidated Total Assets, Consolidated Depreciation and Amortization and Consolidated Capital Expenditures a summary of total assets, depreciation and amortization and capital expenditures, including both purchases of property and equipment and capitalization of internally developed software, by segment:
Total Assets Depreciation and amortization Capital expenditures
  As of December 31, For the year ended December 31, For the year ended December 31,
  2023 2022 2023 2022 2021 2023 2022 2021
(in thousands)
Envestnet Wealth Solutions $ 1,562,600  $ 1,560,923  $ 103,301  $ 98,600  $ 91,024  $ 95,777  $ 82,442  $ 66,709 
Envestnet Data & Analytics 314,652  551,242  27,003  27,228  26,743  17,525  22,883  22,192 
Total $ 1,877,252  $ 2,112,165  $ 130,304  $ 125,828  $ 117,767  $ 113,302  $ 105,325  $ 88,901