Envestnet, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

Condensed Consolidated Statements of Cash Flows $ in Thousands	9 Months Ended
	Sep. 30, 2017 USD ($)	Sep. 30, 2016 USD ($)
OPERATING ACTIVITIES:
Net loss	$ (20,925)	$ (22,993)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	46,792	49,872
Deferred rent and lease amortization	709	(324)
Provision for doubtful accounts	828	369
Deferred income taxes	6,646	(10,273)
Stock-based compensation expense	23,451	25,872
Non-cash interest expense	8,711	6,955
Accretion on contingent consideration and purchase liability	408	143
Fair market value adjustment on contingent consideration		838
Loss on disposal of fixed assets	69	220
Loss allocation from equity method investment	984	1,130
Changes in operating assets and liabilities, net of acquisitions:
Fees and other receivables	(6,286)	4,077
Prepaid expenses and other current assets	(5,316)	(4,960)
Other non-current assets	(1,784)	(4,271)
Accrued expenses and other liabilities	13,289	275
Accounts payable	1,435	124
Deferred revenue	740	1,959
Other non-current liabilities	1,852	4,337
Net cash provided by operating activities	71,603	53,350
INVESTING ACTIVITIES:
Purchase of property and equipment	(11,432)	(10,839)
Capitalization of internally developed software	(9,210)	(6,217)
Investment in private company	(1,450)	(738)
Purchase of ERS units		(1,500)
Acquisition of businesses, net of cash acquired		(18,394)
Net cash used in investing activities	(22,092)	(37,688)
FINANCING ACTIVITIES:
Convertible Notes issuance costs	(94)
Payment of term notes	(35,862)	(6,000)
Proceeds from borrowings on revolving credit facility	35,000	25,000
Payments on revolving credit facility	(42,500)	(25,000)
Debt issuance costs	(94)
Payments of contingent consideration	(2,286)	(2,924)
Payments of definite consideration	(445)
Payments of purchase consideration liabilities	(235)
Proceeds from exercise of stock options	4,468	3,166
Purchase of treasury stock for stock-based tax withholdings	(11,619)	(9,517)
Common stock acquired under the share repurchase program		(1,448)
Issuance of restricted stock units	4	5
Net cash used in financing activities	(53,569)	(16,718)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	170
DECREASE IN CASH AND CASH EQUIVALENTS	(3,888)	(1,056)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	52,592	51,718
CASH AND CASH EQUIVALENTS, END OF PERIOD	48,704	50,662
Supplemental disclosure of cash flow information - net cash refunded (paid) during the period for income taxes	1,449	(175)
Supplemental disclosure of cash flow information - cash paid during the period for interest	4,887	5,390
Supplemental disclosure of non-cash operating, investing and financing activities:
Leasehold improvements funded by lease incentive	2,098	1,522
Non-cash debt issuance costs	2,230
Purchase liabilities included in accrued expenses and other liabilities	837
Purchase of fixed assets included in accounts payable and accrued expenses and other liabilities	$ 505
Contingent consideration issued in a business acquisition		$ 1,929