Segment Information (Details) $ in Thousands |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017
USD ($)
|
Sep. 30, 2017
USD ($)
|
Jun. 30, 2017
USD ($)
|
Mar. 31, 2017
USD ($)
|
Dec. 31, 2016
USD ($)
|
Sep. 30, 2016
USD ($)
|
Jun. 30, 2016
USD ($)
|
Mar. 31, 2016
USD ($)
|
Dec. 31, 2017
USD ($)
customer
|
Dec. 31, 2016
USD ($)
customer
|
Dec. 31, 2015
USD ($)
customer
|
|
Segment Information | |||||||||||
Assets under management or administration | $ 410,016 | $ 352,498 | $ 333,684 | ||||||||
Subscription and licensing | 245,867 | 198,125 | 75,280 | ||||||||
Professional services and other | 27,796 | 27,541 | 11,955 | ||||||||
Revenues | $ 182,862 | $ 175,614 | $ 167,417 | $ 157,786 | $ 155,480 | $ 149,155 | $ 141,708 | $ 131,821 | $ 683,679 | $ 578,164 | $ 420,919 |
Fidelity revenue as a percentage of Envestnet segment revenue | 22.00% | 19.00% | 18.00% | ||||||||
Income (loss) from operations | 12,683 | 4,348 | 2,743 | (3,354) | (3,063) | (1,291) | (6,330) | (12,760) | $ 16,420 | $ (23,444) | $ 18,992 |
Operating expenses | (667,259) | (601,608) | (401,927) | ||||||||
Interest expense, net | (16,146) | (16,563) | (9,933) | ||||||||
Other expense, net | (1,963) | (483) | (71) | ||||||||
Income (loss) before income tax provision | (1,689) | (40,490) | 8,988 | ||||||||
Income tax provision | 1,591 | 15,077 | 4,552 | ||||||||
Net income (loss) | (3,280) | (55,567) | 4,436 | ||||||||
Net income (loss) attributable to Envestnet, Inc | 17,645 | $ (1,320) | $ (6,470) | $ (13,135) | (32,574) | $ (4,057) | $ (7,943) | $ (10,993) | (3,280) | (55,567) | 4,436 |
Assets | 862,052 | 872,401 | 862,052 | 872,401 | |||||||
Depreciation and amortization | 62,820 | 63,999 | 27,962 | ||||||||
Capital expenditures | 27,569 | 22,576 | 14,716 | ||||||||
Operating Segments | |||||||||||
Segment Information | |||||||||||
Income (loss) from operations | 55,993 | 3,131 | 40,294 | ||||||||
Segment Reconciling | |||||||||||
Segment Information | |||||||||||
Operating expenses | (39,573) | (26,575) | (21,302) | ||||||||
Intersegment Eliminations | |||||||||||
Segment Information | |||||||||||
Revenues | 0 | ||||||||||
Envestnet | |||||||||||
Segment Information | |||||||||||
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 | ||||||||
Revenues | 527,905 | 447,632 | 406,838 | ||||||||
Assets | 353,048 | 341,602 | 353,048 | 341,602 | |||||||
Depreciation and amortization | 26,223 | 24,784 | 23,369 | ||||||||
Capital expenditures | 22,434 | 17,120 | 13,682 | ||||||||
Envestnet | Operating Segments | |||||||||||
Segment Information | |||||||||||
Income (loss) from operations | 75,449 | 41,678 | 43,278 | ||||||||
Envestnet | Yodlee | |||||||||||
Segment Information | |||||||||||
Subscription and licensing | 139,819 | 113,785 | 11,561 | ||||||||
Professional services and other | 15,955 | 16,747 | 2,520 | ||||||||
Revenues | 155,774 | 130,532 | 14,081 | ||||||||
Assets | $ 509,004 | $ 530,799 | 509,004 | 530,799 | |||||||
Depreciation and amortization | 36,597 | 39,215 | 4,593 | ||||||||
Capital expenditures | 5,135 | 5,456 | 1,034 | ||||||||
Envestnet | Yodlee | Operating Segments | |||||||||||
Segment Information | |||||||||||
Income (loss) from operations | $ 19,456 | $ 38,547 | $ 2,984 | ||||||||
Revenues | Customer concentration risk | Fidelity | |||||||||||
Segment Information | |||||||||||
Number of customers accounted for as major customer | customer | 1 | 1 | 1 | ||||||||
Fidelity revenue as a percentage of Envestnet segment revenue | 17.00% | 15.00% | 18.00% |