Envestnet, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Cover Page
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details
Uncategorized
- Uncategorized Items - env-2019123110xk.htm

Goodwill and Intangible Assets (Intangible Assets) (Details)

v3.19.3.a.u2

Goodwill and Intangible Assets (Intangible Assets) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Components of intangible assets
Gross Carrying Amount	$ 712,934,000	$ 466,756,000
Accumulated Amortization	(207,345,000)	(161,515,000)
Net Carrying Amount	505,589,000	305,241,000
Amortization expense	68,452,000	53,856,000	$ 42,127,000
Customer list
Components of intangible assets
Gross Carrying Amount	591,520,000	361,020,000
Accumulated Amortization	(148,517,000)	(102,077,000)
Net Carrying Amount	$ 443,003,000	258,943,000
Customer list \| Minimum
Components of intangible assets
Estimated Useful Life	7 years
Customer list \| Maximum
Components of intangible assets
Estimated Useful Life	20 years
Proprietary technologies
Components of intangible assets
Gross Carrying Amount	$ 87,714,000	66,746,000
Accumulated Amortization	(44,165,000)	(36,151,000)
Net Carrying Amount	$ 43,549,000	30,595,000
Proprietary technologies \| Minimum
Components of intangible assets
Estimated Useful Life	4 years
Proprietary technologies \| Maximum
Components of intangible assets
Estimated Useful Life	6 years
Trade names
Components of intangible assets
Gross Carrying Amount	$ 33,700,000	27,990,000
Accumulated Amortization	(14,663,000)	(12,352,000)
Net Carrying Amount	$ 19,037,000	15,638,000
Trade names \| Minimum
Components of intangible assets
Estimated Useful Life	6 years
Trade names \| Maximum
Components of intangible assets
Estimated Useful Life	7 years
Backlog
Components of intangible assets
Gross Carrying Amount	$ 0	11,000,000
Accumulated Amortization	0	(10,935,000)
Net Carrying Amount	0	65,000
Envestnet Wealth Solutions
Components of intangible assets
Write-off of fully amortized intangible assets	11,520,000	22,177,000
Envestnet Data and Analytics
Components of intangible assets
Write-off of fully amortized intangible assets	$ 11,100,000	$ 0

- Definition

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.

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Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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- Definition

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