Segment information (Tables)
|
12 Months Ended |
Dec. 31, 2017 |
|---|
| Segment Information |
|
| Schedule of revenue by segment |
|
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|
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|
|
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|
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Year Ended December 31,
|
|
|
|
2017
|
|
2016
|
|
2015
|
|
Revenue:
|
|
|
|
|
|
|
|
|
|
|
Envestnet
|
|
|
|
|
|
|
|
|
|
|
Assets under management or administration
|
|
$
|
410,016
|
|
$
|
352,498
|
|
$
|
333,684
|
|
Subscription and licensing
|
|
|
106,048
|
|
|
84,340
|
|
|
63,719
|
|
Professional services and other
|
|
|
11,841
|
|
|
10,794
|
|
|
9,435
|
|
Total Envestnet segment revenues
|
|
|
527,905
|
|
|
447,632
|
|
|
406,838
|
|
Envestnet | Yodlee
|
|
|
|
|
|
|
|
|
|
|
Subscription and licensing
|
|
|
139,819
|
|
|
113,785
|
|
|
11,561
|
|
Professional services and other
|
|
|
15,955
|
|
|
16,747
|
|
|
2,520
|
|
Total Envestnet | Yodlee segment revenues
|
|
|
155,774
|
|
|
130,532
|
|
|
14,081
|
|
Consolidated revenue
|
|
$
|
683,679
|
|
$
|
578,164
|
|
$
|
420,919
|
|
|
|
|
|
|
|
|
|
|
|
|
Fidelity revenue as a percentage of Envestnet segment revenue:
|
|
|
22%
|
|
|
19%
|
|
|
18%
|
|
| Schedule of income (loss) from operations by segment |
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
|
|
2017
|
|
2016
|
|
2015
|
|
Envestnet
|
$
|
75,449
|
|
$
|
41,678
|
|
$
|
43,278
|
|
Envestnet | Yodlee
|
|
(19,456)
|
|
|
(38,547)
|
|
|
(2,984)
|
|
Total segment income from operations
|
|
55,993
|
|
|
3,131
|
|
|
40,294
|
|
Nonsegment operating expenses
|
|
(39,573)
|
|
|
(26,575)
|
|
|
(21,302)
|
|
Interest expense, net
|
|
(16,146)
|
|
|
(16,563)
|
|
|
(9,933)
|
|
Other expense, net
|
|
(1,963)
|
|
|
(483)
|
|
|
(71)
|
|
Consolidated income (loss) before income tax provision
|
|
(1,689)
|
|
|
(40,490)
|
|
|
8,988
|
|
Income tax provision
|
|
1,591
|
|
|
15,077
|
|
|
4,552
|
|
Consolidated net income (loss)
|
|
(3,280)
|
|
|
(55,567)
|
|
|
4,436
|
|
Add: Net income (loss) attributable to non-controlling interest
|
|
—
|
|
|
—
|
|
|
—
|
|
Consolidated net income (loss) attributable to Envestnet, Inc.
|
$
|
(3,280)
|
|
$
|
(55,567)
|
|
$
|
4,436
|
|
| Summary of consolidated total assets, consolidated depreciation and amortization and consolidated capital expenditures |
|
|
|
|
|
|
|
|
|
|
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At December 31,
|
|
|
|
2017
|
|
2016
|
|
Segment assets:
|
|
|
|
|
|
|
|
Envestnet
|
|
$
|
353,048
|
|
$
|
341,602
|
|
Envestnet | Yodlee
|
|
|
509,004
|
|
|
530,799
|
|
Consolidated total assets
|
|
$
|
862,052
|
|
$
|
872,401
|
|
|
|
|
|
|
|
|
|
|
|
|
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Year Ended December 31,
|
|
|
|
2017
|
|
2016
|
|
2015
|
|
Segment depreciation and amortization:
|
|
|
|
|
|
|
|
|
|
|
Envestnet
|
|
$
|
26,223
|
|
$
|
24,784
|
|
$
|
23,369
|
|
Envestnet | Yodlee
|
|
|
36,597
|
|
|
39,215
|
|
|
4,593
|
|
Consolidated depreciation and amortization
|
|
$
|
62,820
|
|
$
|
63,999
|
|
$
|
27,962
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31,
|
|
|
|
2017
|
|
2016
|
|
2015
|
|
Segment capital expenditures:
|
|
|
|
|
|
|
|
|
|
|
Envestnet
|
|
$
|
22,434
|
|
$
|
17,120
|
|
$
|
13,682
|
|
Envestnet | Yodlee
|
|
|
5,135
|
|
|
5,456
|
|
|
1,034
|
|
Consolidated capital expenditures
|
|
$
|
27,569
|
|
$
|
22,576
|
|
$
|
14,716
|
|