Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.19.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Total revenues $ 199,666 $ 198,011
Operating expenses:    
Cost of revenues 61,645 62,934
Compensation and benefits 86,717 83,540
General and administration 40,524 32,729
Depreciation and amortization 19,517 19,546
Total operating expenses 208,403 198,749
Loss from operations (8,737) (738)
Other expense, net (5,763) (5,254)
Loss before income tax provision (benefit) (14,500) (5,992)
Income tax provision (benefit) 3,768 (13,994)
Net income (loss) (18,268) 8,002
Add: Net loss attributable to non-controlling interest 83 102
Net income (loss) attributable to Envestnet, Inc. $ (18,185) $ 8,104
Net income (loss) per share attributable to Envestnet, Inc.:    
Basic (in dollars per share) $ (0.38) $ 0.18
Diluted (in dollars per share) $ (0.38) $ 0.17
Weighted average common shares outstanding:    
Basic (in shares) 48,237,265 44,782,982
Diluted (in shares) 48,237,265 47,145,560
Recurring    
Revenues:    
Total revenues $ 192,021 $ 190,848
Asset-based    
Revenues:    
Total revenues 108,934 121,153
Operating expenses:    
Cost of revenues 53,842 57,572
Subscription-based    
Revenues:    
Total revenues 83,087 69,695
Operating expenses:    
Cost of revenues 7,677 5,226
Professional services and other revenues    
Revenues:    
Total revenues 7,645 7,163
Operating expenses:    
Cost of revenues $ 126 $ 136