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

Quarterly report pursuant to Section 13 or 15(d)

Business Acquisitions (Tables)

Business Acquisitions (Tables)

6 Months Ended

Jun. 30, 2018

Business Acquisitions

Summary of consideration transferred in the acquisition


					Measurement
		Preliminary			Period			Revised
		Estimate			Adjustments			Estimate
Cash consideration		$	187,580		$	12,297		$	199,877
Purchase consideration liability			12,297			(12,297)			—
Working capital and other adjustments			(3,893)			(2,500)			(6,393)
Total		$	195,984		$	(2,500)		$	193,484

Summary of the estimated fair values of the assets acquired and liabilities assumed


					Measurement
		Preliminary			Period			Revised
		Estimate			Adjustments			Estimate
Cash and cash equivalents		$	4,876		$	—		$	4,876
Accounts receivable			4,962			—			4,962
Prepaid expenses and other current assets			1,600			—			1,600
Property and equipment, net			927			—			927
Other non-current assets			441			—			441
Identifiable intangible assets			117,700			—			117,700
Goodwill			97,248			(2,624)			94,624
Total assets acquired			227,754			(2,624)			225,130
Accounts payable			(5,358)			—			(5,358)
Accrued expenses			(7,173)			—			(7,173)
Deferred tax liability			(18,245)			—			(18,245)
Deferred revenue			(930)			124			(806)
Other non-current liabilities			(64)			—			(64)
Total liabilities assumed			(31,770)			124			(31,646)
Total net assets acquired		$	195,984		$	(2,500)		$	193,484

Summary of intangible assets acquired, estimated useful lives and amortization method


					Measurement
		Preliminary			Period			Revised					Amortization
		Estimate			Adjustments			Estimate			Useful Life in Years		Method
Customer list		$	95,000		$	500		$	95,500		12		Accelerated
Proprietary technology			18,000			(500)			17,500		5		Straight-line
Trade names and domains			4,700			—			4,700		6		Straight-line
Total		$	117,700		$	—		$	117,700

Schedule of pro forma financial information


	Three Months Ended			Six Months Ended
	June 30, 2017			June 30, 2017
Revenues	$	177,297		$	344,514
Net loss		(12,624)			(31,873)
Net loss per share:
Basic		(0.29)			(0.73)
Diluted		(0.29)			(0.73)