Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (Unaudited)

v2.4.1.9
Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Data (Unaudited)  
Quarterly Financial Data (Unaudited)

 

19. Quarterly Financial Data (Unaudited)

 

        Quarterly results for the years ended December 31, 2014 and 2013 were as follows:

 

                                                                                                                                                                                    

 

 

2014

 

 

 

First

 

Second

 

Third

 

Fourth

 

Total revenues

 

$
78,539 

 

$
84,829 

 

$
88,577 

 

$
96,803 

 

Income from operations

 

 
4,071 

 

 
4,166 

 

 
5,952 

 

 
7,063 

 

Net income attributable to Envestnet, Inc.(1)

 

 
2,994 

 

 
3,719 

 

 
3,768 

 

 
3,693 

 

Net income per share(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic*

 

 
0.09 

 

 
0.11 

 

 
0.11 

 

 
0.11 

 

Diluted*

 

 
0.08 

 

 
0.10 

 

 
0.10 

 

 
0.10 

 

 

                                                                                                                                                                                    

 

 

2013

 

 

 

First

 

Second

 

Third

 

Fourth

 

Total revenues

 

$
46,625 

 

$
51,632 

 

$
69,880 

 

$
74,398 

 

Income from operations

 

 
588 

 

 
1,757 

 

 
1,737 

 

 
1,430 

 

Net income attributable to Envestnet, Inc. 

 

 
541 

 

 
1,118 

 

 
1,306 

 

 
695 

 

Net income per share

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 
0.02 

 

 
0.03 

 

 
0.04 

 

 
0.02 

 

Diluted

 

 
0.02 

 

 
0.03 

 

 
0.04 

 

 
0.01 

 

*

Numbers may not sum to full year totals due to rounding.

(1)

During the fourth quarter, the Company recorded adjustments of $733 to decrease deferred tax assets and recognize income tax expense as a result of the completion of a NOL tax study, and $655 to decrease operating expenses and reduce the contingent consideration liability.