Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.3.0.814
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Assets under management or administration $ 85,576 $ 74,899 $ 250,472 $ 212,707
Licensing and professional services 17,791 13,678 52,012 39,238
Total revenues 103,367 88,577 302,484 251,945
Operating expenses:        
Cost of revenues 41,027 39,111 122,208 111,503
Compensation and benefits 32,671 25,833 96,162 74,449
General and administration 15,184 13,428 44,905 38,514
Depreciation and amortization 6,157 4,253 17,215 13,290
Restructuring charges     518  
Total operating expenses 95,039 82,625 281,008 237,756
Income from operations 8,328 5,952 21,476 14,189
Other income:        
Other income (expense) (2,347) (11) (6,801) 1,909
Income before income tax provision 5,981 5,941 14,675 16,098
Income tax provision 2,679 2,173 6,326 5,812
Net income 3,302 3,768 8,349 10,286
Add: Net loss attributable to non-controlling interest       195
Net income attributable to Envestnet, Inc. $ 3,302 $ 3,768 $ 8,349 $ 10,481
Net income per share attributable to Envestnet, Inc.:        
Basic (in dollars per share) $ 0.09 $ 0.11 $ 0.23 $ 0.30
Diluted (in dollars per share) $ 0.09 $ 0.10 $ 0.22 $ 0.28
Weighted average common shares outstanding:        
Basic (in shares) 36,021,784 34,674,245 35,651,508 34,447,619
Diluted (in shares) 37,614,701 37,006,796 37,563,815 36,832,154