Envestnet, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Business Acquisitions (Details)

Business Acquisitions (Details) $ / shares in Units, $ in Thousands													1 Months Ended	3 Months Ended	6 Months Ended	12 Months Ended
	Oct. 03, 2016 USD ($)	Feb. 01, 2016 USD ($)	Nov. 19, 2015 USD ($) item shares	Nov. 17, 2015 $ / shares shares	Sep. 02, 2015 USD ($)	Sep. 01, 2015 USD ($) $ / shares	Aug. 30, 2015 USD ($)	May 06, 2015 USD ($) $ / shares shares	Feb. 24, 2015 USD ($)	Oct. 01, 2014 USD ($)	Jul. 09, 2014 USD ($)	Jul. 01, 2014 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2016 USD ($) shares	Dec. 31, 2015 USD ($) $ / shares	Dec. 31, 2014 USD ($)	Feb. 01, 2014
Consideration transferred in acquisition
Payments of contingent consideration																$ 3,729	$ 7,219	$ 6,000
Attribution of the fair market value of replacement awards																	4,318
Fair market value adjustment on contingent consideration																$ 1,588	(4,153)	(1,432)
Issuance of redeemable units in ERS																	900	1,500
Ownership interest (as a percent)																50.00%
Acquisitions
Share-based compensation																$ 33,276	15,161	11,423
Acquisition related costs																3,343	9,792	2,430
Estimated fair values of the assets acquired and liabilities assumed
Goodwill													$ 421,273	$ 104,976	$ 104,976	$ 431,936	421,273	104,976
Intangible assets
Intangible assets acquired, Amount								$ 9,800
Maximum number of stock options and restricted stock available for future issuance \| shares																1,336,350
Contingent consideration issued in business acquisitions													1,500	2,800	2,800	$ 4,868	1,500	2,800
Pro forma financial information
Accretion on contingent consideration																150	888	1,472
Acquired intangible asset amortization																45,515	17,636	$ 10,642
Revenues																	517,891
Net loss																	$ (54,915)
Basic (in dollars per share) \| $ / shares																	$ (1.27)
Diluted (in dollars per share) \| $ / shares																	$ (1.27)
Customer lists
Intangible assets
Intangible assets acquired, Amount								$ 8,300
Intangible assets acquired, Useful Life In Years								12 years
Proprietary technology
Intangible assets
Intangible assets acquired, Amount								$ 1,000
Intangible assets acquired, Useful Life In Years								4 years
Trade names and domains
Intangible assets
Intangible assets acquired, Amount								$ 500
Intangible assets acquired, Useful Life In Years								5 years
FinaConnect, Inc.
Consideration transferred in acquisition
Cash consideration		$ 6,425
Cash acquired		(1)
Contingent consideration liability		1,929														2,286
Total		8,622
Working capital adjustment		269
Fair market value adjustment on contingent consideration																357
Acquisitions
Upfront cash consideration paid		$ 6,425
Multiplier for contingent consideration based on acquiree's incremental revenue		4
Acquisition related costs																116
Estimated fair values of the assets acquired and liabilities assumed
Identifiable intangible assets		$ 3,800
Goodwill		4,792
Total liabilities assumed		(400)
Total net assets acquired		8,622
Intangible assets
Intangible assets acquired, Amount		$ 3,800
Contingent consideration period		2 years
Contingent consideration, maximum		$ 3,500
FinaConnect, Inc. \| Customer lists
Intangible assets
Intangible assets acquired, Amount		$ 2,800
Intangible assets acquired, Useful Life In Years		12 years
FinaConnect, Inc. \| Proprietary technology
Intangible assets
Intangible assets acquired, Amount		$ 900
Intangible assets acquired, Useful Life In Years		5 years
FinaConnect, Inc. \| Trade names and domains
Intangible assets
Intangible assets acquired, Amount		$ 100
Intangible assets acquired, Useful Life In Years		2 years
Castle Rock Innovations, Inc.
Consideration transferred in acquisition
Cash consideration							$ 6,190
Cash acquired							(320)
Contingent consideration liability							1,500
Total							7,370
Estimated fair values of the assets acquired and liabilities assumed
Identifiable intangible assets							3,900
Goodwill							4,581
Total liabilities assumed							(1,366)
Total net assets acquired							7,370
Intangible assets
Intangible assets acquired, Amount							3,900
Pro forma financial information
Revenue since acquisition																	$ 1,011
Net income (loss) since acquisition																	109
Acquired intangible asset amortization																	178
Business acquisition costs													170			110	170
Castle Rock Innovations, Inc. \| Customer lists
Intangible assets
Intangible assets acquired, Amount							$ 3,000
Intangible assets acquired, Useful Life In Years							12 years
Castle Rock Innovations, Inc. \| Proprietary technology
Intangible assets
Intangible assets acquired, Amount							$ 800
Intangible assets acquired, Useful Life In Years							5 years
Castle Rock Innovations, Inc. \| Trade names and domains
Intangible assets
Intangible assets acquired, Amount							$ 100
Intangible assets acquired, Useful Life In Years							4 years
Yodlee, Inc
Consideration transferred in acquisition
Cash consideration			$ 375,658
Cash acquired			(63,234)
Contingent consideration liability																	10,061
Total			503,264
Stock consideration			186,522
Attribution of the fair market value of replacement awards			$ 4,318
Equity value issued (in dollars per share) \| $ / shares				$ 17.49
Cash value issued (in dollars per share) \| $ / shares				$ 11.51
Exercised statutory appraisal rights (in shares) \| shares				577,829
Acquisitions
Consideration issued (in shares) \| shares			5,974,000	5,974,000
Envestnet common stock per acquiree share (in shares) \| shares				0.1889
Number of full trading days prior to closing date of merger, on which weighted average of sales price per share is determined				10 days
Number of patents awarded \| item			78
Estimated fair values of the assets acquired and liabilities assumed
Accounts receivable			$ 16,882
Prepaid expenses and other current assets			3,507
Property and equipment, net			13,800
Other non-current assets			1,959
Identifiable intangible assets			244,000
Goodwill			282,429
Total assets acquired			562,577
Accounts payable			(2,424)
Accrued Expenses			(28,173)
Capital lease obligations			(1,527)
FIN 48 liability			(5,450)
Deferred tax liability			(16,693)
Deferred revenue			(4,100)
Other long term liabilities			(946)
Total liabilities assumed			(59,313)
Total net assets acquired			503,264
Intangible assets
Intangible assets acquired, Amount			244,000
Pro forma financial information
Revenue since acquisition																	14,081
Net income (loss) since acquisition																	(5,963)
Acquired intangible asset amortization																	3,953
Business acquisition costs													6,624			2,186	6,624
Yodlee, Inc \| Customer lists
Intangible assets
Intangible assets acquired, Amount			$ 177
Intangible assets acquired, Useful Life In Years			15 years
Yodlee, Inc \| Proprietary technology
Intangible assets
Intangible assets acquired, Amount			$ 35
Intangible assets acquired, Useful Life In Years			5 years
Yodlee, Inc \| Trade names and domains
Intangible assets
Intangible assets acquired, Amount			$ 21
Intangible assets acquired, Useful Life In Years			7 years
Yodlee, Inc \| Minimum
Acquisitions
Number of paid subscribers \| item			22,000,000
Number of serviced financial institutions \| item			1,000
Number of data sources \| item			15,000
Finance Logix
Consideration transferred in acquisition
Cash consideration								$ 20,595
Promissory note								3,000
Cash acquired								(909)
Purchase consideration liability								3,000
Total								31,616
Stock consideration								8,930
Estimated fair values of the assets acquired and liabilities assumed
Identifiable intangible assets								9,800
Goodwill								23,492
Total liabilities assumed								(2,628)
Total net assets acquired								$ 31,616
Intangible assets
Contingent consideration period								3 years
Pro forma financial information
Revenue since acquisition																	1,892
Net income (loss) since acquisition																	(999)
Acquired intangible asset amortization																	974
Business acquisition costs													465			548	465
Finance Logix \| Stock Options
Consideration transferred in acquisition
Stock consideration								$ 2,542
Equity value issued (in dollars per share) \| $ / shares								$ 52.67
Acquisitions
Consideration issued (in shares) \| shares								123,410
Finance Logix \| Common Stock
Consideration transferred in acquisition
Stock consideration								$ 6,388
Acquisitions
Consideration issued (in shares) \| shares								123,410
Wheelhouse Analytics, LLC
Consideration transferred in acquisition
Cash consideration	$ 13,299
Promissory note	887
Cash acquired	(80)
Contingent consideration liability	2,582
Purchase consideration liability	887
Total	16,798
Working capital adjustment	110
Acquisitions
Acquisition related costs																383
Estimated fair values of the assets acquired and liabilities assumed
Identifiable intangible assets	7,300
Goodwill	10,558
Total liabilities assumed	(1,459)
Total net assets acquired	16,798
Intangible assets
Intangible assets acquired, Amount	7,300
Contingent consideration, maximum	4,000
Pro forma financial information
Revenue since acquisition																557
Net income (loss) since acquisition																799
Acquired intangible asset amortization																240
Wheelhouse Analytics, LLC \| Customer lists
Intangible assets
Intangible assets acquired, Amount	$ 4,100
Intangible assets acquired, Useful Life In Years	12 years
Wheelhouse Analytics, LLC \| Proprietary technology
Intangible assets
Intangible assets acquired, Amount	$ 3,000
Intangible assets acquired, Useful Life In Years	5 years
Wheelhouse Analytics, LLC \| Trade names and domains
Intangible assets
Intangible assets acquired, Amount	$ 200
Intangible assets acquired, Useful Life In Years	5 years
Upside Holdings, Inc.
Consideration transferred in acquisition
Cash consideration									$ 2,040
Promissory note									615
Cash acquired									(14)
Purchase consideration liability									615
Total									2,641
Estimated fair values of the assets acquired and liabilities assumed
Identifiable intangible assets									1,450
Goodwill									1,507
Total liabilities assumed									(404)
Total net assets acquired									$ 2,641
Pro forma financial information
Business acquisition costs													230				230
Upside Holdings, Inc. \| Restricted stock with performance and subsequent service conditions
Consideration transferred in acquisition
Annual revenue target for contingent consideration (as a percent)									100.00%
Acquisitions
Share-based compensation																0
Intangible assets
Unvested restricted stock, service condition period									2 years
Upside Holdings, Inc. \| Proprietary technology
Intangible assets
Intangible assets acquired, Amount									$ 1,450
Intangible assets acquired, Useful Life In Years									4 years
Klein
Consideration transferred in acquisition
Contingent consideration liability																	2,160
Payments of contingent consideration													1,175
Fair market value adjustment on contingent consideration															675		1,231
Additional consideration													1,825
Intangible assets
Intangible assets acquired, Amount												$ 2,900
Pro forma financial information
Revenue since acquisition															468
Net income (loss) since acquisition															(926)
Accretion on contingent consideration															75		$ 117
Acquired intangible asset amortization															$ 286
Klein \| Customer lists
Intangible assets
Intangible assets acquired, Amount												$ 2,200
Intangible assets acquired, Useful Life In Years												10 years
Klein \| Proprietary technology
Intangible assets
Intangible assets acquired, Amount												$ 700
Intangible assets acquired, Useful Life In Years												3 years
Klein \| ERS
Consideration transferred in acquisition
Cash consideration												$ 1,288
Promissory note												1,500
Contingent consideration liability												2,800
Purchase consideration liability												1,500
Total												$ 5,588
Payments of contingent consideration					$ 230
Placemark
Consideration transferred in acquisition
Cash consideration										$ 66,000
Cash acquired										(8,419)
Receivable from working capital settlement										701
Total										58,282
Estimated fair values of the assets acquired and liabilities assumed
Identifiable intangible assets										30,000
Goodwill										27,077
Total liabilities assumed										(3,118)
Total net assets acquired										58,282
Intangible assets
Intangible assets acquired, Amount										30,000
Pro forma financial information
Revenue since acquisition														6,157
Net income (loss) since acquisition														209
Acquired intangible asset amortization														$ 1,254
Placemark \| Customer lists
Intangible assets
Intangible assets acquired, Amount										$ 24,000
Intangible assets acquired, Useful Life In Years										11 years
Placemark \| Proprietary technology
Intangible assets
Intangible assets acquired, Amount										$ 5,000
Intangible assets acquired, Useful Life In Years										5 years
Placemark \| Trade names and domains
Intangible assets
Intangible assets acquired, Amount										$ 1,000
Intangible assets acquired, Useful Life In Years										5 years
One \| Castle Rock Innovations, Inc.
Consideration transferred in acquisition
Annual revenue target for contingent consideration (as a percent)							40.00%
Revenue target for contingent consideration adjustment							$ 100
One \| Castle Rock Innovations, Inc. \| ERS
Intangible assets
Annual contingent consideration payment amount																$ 805
One \| Finance Logix
Consideration transferred in acquisition
Annual revenue target for contingent consideration								$ 5,000
One \| Upside Holdings, Inc. \| Restricted stock with performance and subsequent service conditions
Intangible assets
Maximum number of stock options and restricted stock available for future issuance \| shares																22,064
Two \| Castle Rock Innovations, Inc.
Consideration transferred in acquisition
Annual revenue target for contingent consideration (as a percent)							35.00%
Revenue target for contingent consideration adjustment							$ 100
Two \| Castle Rock Innovations, Inc. \| ERS
Intangible assets
Annual contingent consideration payment amount																$ 445
Two \| Finance Logix
Consideration transferred in acquisition
Annual revenue target for contingent consideration								10,000
Two \| Upside Holdings, Inc. \| Restricted stock with performance and subsequent service conditions
Intangible assets
Maximum number of stock options and restricted stock available for future issuance \| shares																44,128
Three \| Castle Rock Innovations, Inc.
Consideration transferred in acquisition
Annual revenue target for contingent consideration (as a percent)							30.00%
Revenue target for contingent consideration adjustment							$ 100
Three \| Castle Rock Innovations, Inc. \| ERS
Intangible assets
Annual contingent consideration payment amount																$ 1,250
Three \| Finance Logix
Consideration transferred in acquisition
Annual revenue target for contingent consideration								$ 16,000
Three \| Upside Holdings, Inc. \| Restricted stock with performance and subsequent service conditions
Intangible assets
Maximum number of stock options and restricted stock available for future issuance \| shares																66,192
ERS
Consideration transferred in acquisition
Ownership interest (as a percent)																			64.50%
ERS \| Castle Rock Innovations, Inc.
Consideration transferred in acquisition
Equity value issued (in dollars per share) \| $ / shares						$ 6.5
Issuance of redeemable units in ERS						$ 900
Period to repurchase issued units in the subscription agreement						36 months
ERS \| Klein
Consideration transferred in acquisition
Total											$ 1,500
Discount rate (as a percent)												9.00%
Payments of contingent consideration													$ 1,500
Ownership interest (as a percent)											11.70%					80.80%
Estimated fair values of the assets acquired and liabilities assumed
Identifiable intangible assets												$ 2,900
Goodwill												3,031
Total liabilities assumed												(396)
Total net assets acquired												$ 5,588
Intangible assets
Contingent consideration period												3 years
ERS \| Klein \| Minimum
Consideration transferred in acquisition
Period to repurchase issued units in the subscription agreement											18 months
Intangible assets
Contingent consideration issued in business acquisitions												$ 1,175
ERS \| Klein \| Maximum
Consideration transferred in acquisition
Period to repurchase issued units in the subscription agreement											36 months
Level 3 \| Castle Rock Innovations, Inc.
Consideration transferred in acquisition
Contingent consideration liability							$ 1,500
Level 3 \| ERS \| Klein
Consideration transferred in acquisition
Contingent consideration undiscounted												$ 3,520