Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Total revenues $ 900,127 $ 812,363 $ 683,679
Operating expenses:      
Cost of revenues 278,811 263,400 219,037
Compensation and benefits 383,554 317,188 264,392
General and administration 152,564 139,984 121,010
Depreciation and amortization 101,271 77,626 62,820
Total operating expenses 916,200 798,198 667,259
Income (loss) from operations (16,073) 14,165 16,420
Other income (expense):      
Interest income 3,347 2,363 201
Interest expense (32,520) (25,203) (16,347)
Other expense, net (2,849) (487) (1,963)
Total other expense, net (32,022) (23,327) (18,109)
Loss before income tax provision (benefit) (48,095) (9,162) (1,689)
Income tax provision (benefit) (30,893) (13,172) 1,591
Net income (loss) (17,202) 4,010 (3,280)
Add: Net loss attributable to non-controlling interest 420 1,745 0
Net income (loss) attributable to Envestnet, Inc. $ (16,782) $ 5,755 $ (3,280)
Net income (loss) per share attributable to Envestnet, Inc.:      
Basic (in dollars per share) $ (0.33) $ 0.13 $ (0.08)
Diluted (in dollars per share) $ (0.33) $ 0.12 $ (0.08)
Weighted average common shares outstanding:      
Basic (in shares) 50,937,919 45,268,002 43,732,148
Diluted (in shares) 50,937,919 47,384,085 43,732,148
Recurring Revenue      
Revenues:      
Total revenues $ 863,125 $ 776,700 $ 655,883
Asset-based      
Revenues:      
Total revenues 484,312 481,233 410,016
Operating expenses:      
Cost of revenues 243,913 232,145 194,894
Subscription-based      
Revenues:      
Total revenues 378,813 295,467 245,867
Operating expenses:      
Cost of revenues 28,904 25,192 19,818
Professional services and other revenues      
Revenues:      
Total revenues 37,002 35,663 27,796
Operating expenses:      
Cost of revenues $ 5,994 $ 6,063 $ 4,325