| Schedule of income (loss) from operations by segment |
The following table presents a reconciliation from income (loss) from operations by segment to condensed consolidated net income (loss) attributable to Envestnet, Inc.:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Nine Months Ended |
|
|
September 30, |
|
September 30, |
|
|
2019 |
|
2018 |
|
2019 |
|
2018 |
Envestnet Wealth Solutions |
|
$ |
17,746 |
|
|
$ |
16,549 |
|
|
$ |
46,969 |
|
|
$ |
48,769 |
|
Envestnet Data & Analytics |
|
(7,112 |
) |
|
(1,103 |
) |
|
(24,000 |
) |
|
(8,808 |
) |
Nonsegment operating expenses |
|
(10,762 |
) |
|
(12,051 |
) |
|
(52,091 |
) |
|
(37,299 |
) |
Income (loss) from operations |
|
(128 |
) |
|
3,395 |
|
|
(29,122 |
) |
|
2,662 |
|
Other expense, net |
|
(9,813 |
) |
|
(6,118 |
) |
|
(23,088 |
) |
|
(16,802 |
) |
Consolidated loss before income tax benefit |
|
(9,941 |
) |
|
(2,723 |
) |
|
(52,210 |
) |
|
(14,140 |
) |
Income tax benefit |
|
(6,977 |
) |
|
(5,234 |
) |
|
(31,591 |
) |
|
(18,662 |
) |
Consolidated 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 |
|
Consolidated net income (loss) attributable to Envestnet, Inc. |
|
$ |
(3,080 |
) |
|
$ |
2,954 |
|
|
$ |
(20,372 |
) |
|
$ |
5,532 |
|
|
| 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:
|
|
|
|
|
|
|
|
|
|
|
|
September 30, |
|
December 31, |
|
|
2019 |
|
2018 |
Segment assets: |
|
|
|
|
Envestnet Wealth Solutions |
|
$ |
1,256,574 |
|
|
$ |
810,971 |
|
Envestnet Data & Analytics |
|
530,562 |
|
|
502,776 |
|
Consolidated total assets |
|
$ |
1,787,136 |
|
|
$ |
1,313,747 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Nine Months Ended |
|
|
September 30, |
|
September 30, |
|
|
2019 |
|
2018 |
|
2019 |
|
2018 |
Segment depreciation and amortization: |
|
|
|
|
|
|
|
|
Envestnet Wealth Solutions |
|
$ |
18,414 |
|
|
$ |
11,421 |
|
|
$ |
46,057 |
|
|
$ |
33,920 |
|
Envestnet Data & Analytics |
|
8,321 |
|
|
8,142 |
|
|
27,110 |
|
|
24,374 |
|
Consolidated depreciation and amortization |
|
$ |
26,735 |
|
|
$ |
19,563 |
|
|
$ |
73,167 |
|
|
$ |
58,294 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Nine Months Ended |
|
|
September 30, |
|
September 30, |
|
|
2019 |
|
2018 |
|
2019 |
|
2018 |
Segment capital expenditures: |
|
|
|
|
|
|
|
|
Envestnet Wealth Solutions |
|
$ |
12,926 |
|
|
$ |
11,320 |
|
|
$ |
33,791 |
|
|
$ |
27,856 |
|
Envestnet Data & Analytics |
|
2,423 |
|
|
3,188 |
|
|
5,956 |
|
|
6,843 |
|
Consolidated capital expenditures |
|
$ |
15,349 |
|
|
$ |
14,508 |
|
|
$ |
39,747 |
|
|
$ |
34,699 |
|
|