Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.19.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Total revenues $ 224,445 $ 201,116 $ 424,111 $ 399,127
Operating expenses:        
Cost of revenues 72,080 67,627 133,725 130,561
Compensation and benefits 103,286 80,210 190,003 163,750
General and administration 42,421 34,089 82,945 66,818
Depreciation and amortization 26,915 19,185 46,432 38,731
Total operating expenses 244,702 201,111 453,105 399,860
Income (loss) from operations (20,257) 5 (28,994) (733)
Other expense, net (7,512) (5,430) (13,275) (10,684)
Loss before income tax provision (benefit) (27,769) (5,425) (42,269) (11,417)
Income tax provision (benefit) (28,382) 566 (24,614) (13,428)
Net income (loss) 613 (5,991) (17,655) 2,011
Add: Net loss attributable to non-controlling interest 280 465 363 567
Net income (loss) attributable to Envestnet, Inc. $ 893 $ (5,526) $ (17,292) $ 2,578
Net income (loss) per share attributable to Envestnet, Inc.:        
Basic (in dollars per share) $ 0.02 $ (0.12) $ (0.35) $ 0.06
Diluted (in dollars per share) $ 0.02 $ (0.12) $ (0.35) $ 0.05
Weighted average common shares outstanding:        
Basic (in shares) 50,870,296 45,247,331 49,526,774 44,963,735
Diluted (in shares) 52,982,688 45,247,331 49,526,774 47,156,205
Recurring        
Revenues:        
Total revenues $ 212,328 $ 189,890 $ 404,349 $ 380,738
Asset-based        
Revenues:        
Total revenues 120,070 118,111 229,004 239,264
Operating expenses:        
Cost of revenues 60,293 56,748 114,135 114,320
Subscription-based        
Revenues:        
Total revenues 92,258 71,779 175,345 141,474
Operating expenses:        
Cost of revenues 6,697 6,213 14,374 11,439
Professional services and other revenues        
Revenues:        
Total revenues 12,117 11,226 19,762 18,389
Operating expenses:        
Cost of revenues $ 5,090 $ 4,666 $ 5,216 $ 4,802