Segment information (Tables)
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9 Months Ended |
Sep. 30, 2018 |
|---|
| Segment Reporting [Abstract] |
|
| Schedule of revenue by segment |
The following table presents revenue by segment:
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Three Months Ended |
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Nine Months Ended |
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September 30, |
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September 30, |
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2018 |
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2017 |
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2018 |
|
2017 |
Revenue: |
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Envestnet |
|
$ |
157,467 |
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$ |
135,948 |
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|
$ |
470,383 |
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$ |
386,638 |
|
Envestnet | Yodlee |
|
45,689 |
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|
39,666 |
|
|
131,900 |
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|
114,179 |
|
Consolidated revenue |
|
$ |
203,156 |
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|
$ |
175,614 |
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|
$ |
602,283 |
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|
$ |
500,817 |
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Fidelity revenue as a percentage of Envestnet segment revenue: |
|
21 |
% |
|
22 |
% |
|
21 |
% |
|
22 |
% |
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| Schedule of income (loss) from operations by segment |
The following table presents a reconciliation from income from operations by segment to consolidated net income (loss) attributable to Envestnet, Inc.:
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Three Months Ended |
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Nine Months Ended |
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September 30, |
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September 30, |
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2018 |
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2017 |
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2018 |
|
2017 |
Envestnet |
|
$ |
16,549 |
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$ |
18,955 |
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$ |
48,769 |
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$ |
48,277 |
|
Envestnet | Yodlee |
|
(1,103 |
) |
|
(3,364 |
) |
|
(8,808 |
) |
|
(16,707 |
) |
Total segment income from operations |
|
15,446 |
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|
15,591 |
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|
39,961 |
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|
31,570 |
|
Nonsegment operating expenses |
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(12,051 |
) |
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(11,243 |
) |
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(37,299 |
) |
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(27,833 |
) |
Other expense, net |
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(6,118 |
) |
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(3,986 |
) |
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(16,802 |
) |
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(13,838 |
) |
Consolidated income (loss) before income tax provision (benefit) |
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(2,723 |
) |
|
362 |
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(14,140 |
) |
|
(10,101 |
) |
Income tax provision (benefit) |
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(5,234 |
) |
|
1,682 |
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(18,662 |
) |
|
10,824 |
|
Consolidated net income (loss) |
|
2,511 |
|
|
(1,320 |
) |
|
4,522 |
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(20,925 |
) |
Add: Net loss attributable to non-controlling interest |
|
443 |
|
|
— |
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|
1,010 |
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— |
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Consolidated net income (loss) attributable to Envestnet, Inc. |
|
$ |
2,954 |
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|
$ |
(1,320 |
) |
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$ |
5,532 |
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$ |
(20,925 |
) |
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| Summary of consolidated total assets, consolidated depreciation and amortization and consolidated capital expenditures |
A summary of consolidated total assets, consolidated depreciation and amortization and consolidated capital expenditures follows:
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September 30, |
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December 31, |
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2018 |
|
2017 |
Segment assets: |
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Envestnet |
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$ |
676,892 |
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$ |
353,048 |
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Envestnet | Yodlee |
|
506,123 |
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|
509,004 |
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Consolidated total assets |
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$ |
1,183,015 |
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$ |
862,052 |
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Three Months Ended |
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Nine Months Ended |
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|
September 30, |
|
September 30, |
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|
2018 |
|
2017 |
|
2018 |
|
2017 |
Segment depreciation and amortization: |
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Envestnet |
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$ |
11,421 |
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$ |
6,414 |
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$ |
33,920 |
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$ |
19,196 |
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Envestnet | Yodlee |
|
8,142 |
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|
9,078 |
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|
24,374 |
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|
27,596 |
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Consolidated depreciation and amortization |
|
$ |
19,563 |
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$ |
15,492 |
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$ |
58,294 |
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$ |
46,792 |
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Three Months Ended |
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Nine Months Ended |
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September 30, |
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September 30, |
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2018 |
|
2017 |
|
2018 |
|
2017 |
Segment capital expenditures: |
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Envestnet |
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$ |
11,320 |
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$ |
4,406 |
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$ |
27,856 |
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$ |
17,337 |
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Envestnet | Yodlee |
|
3,188 |
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|
1,404 |
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|
6,843 |
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|
3,305 |
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Consolidated capital expenditures |
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$ |
14,508 |
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$ |
5,810 |
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$ |
34,699 |
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$ |
20,642 |
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