Segment information (Tables)
|
6 Months Ended |
Jun. 30, 2016 |
|---|
| Segment Information |
|
| Schedule of revenue by segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
|
June 30,
|
|
June 30,
|
|
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
|
Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Envestnet
|
|
$
|
110,716
|
|
$
|
102,663
|
|
$
|
213,906
|
|
$
|
199,117
|
|
Envestnet | Yodlee
|
|
|
30,992
|
|
|
—
|
|
|
59,623
|
|
|
—
|
|
Consolidated revenue
|
|
$
|
141,708
|
|
$
|
102,663
|
|
$
|
273,529
|
|
$
|
199,117
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fidelity revenue as a percentage of Envestnet segment revenue:
|
|
|
19%
|
|
|
18%
|
|
|
19%
|
|
|
18%
|
|
| Schedule of income from operations by segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
June 30,
|
|
June 30,
|
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
|
Envestnet
|
$
|
10,490
|
|
$
|
10,312
|
|
$
|
20,064
|
|
$
|
20,048
|
|
Envestnet | Yodlee
|
|
(11,271)
|
|
|
—
|
|
|
(25,312)
|
|
|
—
|
|
Total segment income (loss) from operations
|
|
(781)
|
|
|
10,312
|
|
|
(5,248)
|
|
|
20,048
|
|
Nonsegment operating expenses
|
|
(5,549)
|
|
|
(3,846)
|
|
|
(13,842)
|
|
|
(6,900)
|
|
Other expense, net
|
|
(4,831)
|
|
|
(2,251)
|
|
|
(8,780)
|
|
|
(4,454)
|
|
Consolidated income (loss) before income taxes (benefit)
|
|
(11,161)
|
|
|
4,215
|
|
|
(27,870)
|
|
|
8,694
|
|
Income tax provision (benefit)
|
|
(3,218)
|
|
|
1,679
|
|
|
(8,934)
|
|
|
3,647
|
|
Consolidated net income (loss)
|
|
(7,943)
|
|
|
2,536
|
|
|
(18,936)
|
|
|
5,047
|
|
Add: Net loss attributable to non-controlling interest
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
Consolidated net income (loss) attributable to Envestnet, Inc.
|
$
|
(7,943)
|
|
$
|
2,536
|
|
$
|
(18,936)
|
|
$
|
5,047
|
|
| Summary of consolidated total assets, consolidated depreciation and amortization and consolidated capital expenditures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30,
|
|
December 31,
|
|
|
|
|
|
|
|
|
2016
|
|
2015
|
|
Segment assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
Envestnet
|
|
|
|
|
|
|
$
|
319,240
|
|
$
|
323,292
|
|
Envestnet | Yodlee
|
|
|
|
|
|
|
|
541,707
|
|
|
552,957
|
|
Consolidated total assets
|
|
|
|
|
|
|
$
|
860,947
|
|
$
|
876,249
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
June 30,
|
|
June 30,
|
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
|
Segment depreciation and amortization:
|
|
|
|
|
|
|
|
|
|
|
|
|
Envestnet
|
$
|
6,360
|
|
$
|
5,725
|
|
$
|
12,424
|
|
$
|
11,058
|
|
Envestnet | Yodlee
|
|
10,740
|
|
|
—
|
|
|
20,756
|
|
|
—
|
|
Consolidated depreciation and amortization
|
$
|
17,100
|
|
$
|
5,725
|
|
$
|
33,180
|
|
$
|
11,058
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
June 30,
|
|
June 30,
|
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
|
Segment capital expenditures:
|
|
|
|
|
|
|
|
|
|
|
|
|
Envestnet
|
$
|
1,277
|
|
$
|
2,854
|
|
$
|
1,918
|
|
$
|
4,912
|
|
Envestnet | Yodlee
|
|
1,544
|
|
|
—
|
|
|
2,714
|
|
|
—
|
|
Consolidated capital expenditures
|
$
|
2,821
|
|
$
|
2,854
|
|
$
|
4,632
|
|
$
|
4,912
|
|