Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.19.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Total revenues $ 236,080 $ 203,156 $ 660,191 $ 602,283
Operating expenses:        
Cost of revenues 71,870 64,964 205,595 195,525
Compensation and benefits 95,587 80,424 285,590 244,174
General and administration 42,016 34,810 124,961 101,628
Depreciation and amortization 26,735 19,563 73,167 58,294
Total operating expenses 236,208 199,761 689,313 599,621
Income (loss) from operations (128) 3,395 (29,122) 2,662
Other expense, net (9,813) (6,118) (23,088) (16,802)
Loss before income tax benefit (9,941) (2,723) (52,210) (14,140)
Income tax benefit (6,977) (5,234) (31,591) (18,662)
Net income (loss) (2,964) 2,511 (20,619) 4,522
Add: Net (income) loss attributable to non-controlling interest (116) 443 247 1,010
Net income (loss) attributable to Envestnet, Inc. $ (3,080) $ 2,954 $ (20,372) $ 5,532
Net income (loss) per share attributable to Envestnet, Inc.:        
Basic (in dollars per share) $ (0.06) $ 0.06 $ (0.40) $ 0.12
Diluted (in dollars per share) $ (0.06) $ 0.06 $ (0.40) $ 0.12
Weighted average common shares outstanding:        
Basic (in shares) 52,215,469 45,475,884 50,414,427 45,087,932
Diluted (in shares) 52,215,469 47,519,160 50,414,427 47,269,479
Total recurring revenues        
Revenues:        
Total revenues $ 227,174 $ 195,291 $ 631,523 $ 576,029
Asset-based        
Revenues:        
Total revenues 126,591 119,097 355,595 358,361
Operating expenses:        
Cost of revenues 64,339 57,932 178,474 172,252
Subscription-based        
Revenues:        
Total revenues 100,583 76,194 275,928 217,668
Operating expenses:        
Cost of revenues 7,278 6,626 21,652 18,065
Professional services and other revenues        
Revenues:        
Total revenues 8,906 7,865 28,668 26,254
Operating expenses:        
Cost of revenues $ 253 $ 406 $ 5,469 $ 5,208