Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.20.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Total revenues $ 235,313 $ 224,445 $ 481,852 $ 424,111
Operating expenses:        
Cost of revenues 68,849 72,080 143,782 133,725
Compensation and benefits 95,565 103,286 205,995 190,003
General and administration 38,448 42,421 79,558 82,945
Depreciation and amortization 28,443 26,915 56,126 46,432
Total operating expenses 231,305 244,702 485,461 453,105
Income (loss) from operations 4,008 (20,257) (3,609) (28,994)
Other expense, net (8,173) (7,512) (9,710) (13,275)
Loss before income tax provision (benefit) (4,165) (27,769) (13,319) (42,269)
Income tax provision (benefit) 1,306 (28,382) (658) (24,614)
Net income (loss) (5,471) 613 (12,661) (17,655)
Add: Net loss attributable to non-controlling interest 547 280 401 363
Net income (loss) attributable to Envestnet, Inc. $ (4,924) $ 893 $ (12,260) $ (17,292)
Net income (loss) per share attributable to Envestnet, Inc.:        
Basic (in dollars per share) $ (0.09) $ 0.02 $ (0.23) $ (0.35)
Diluted (in dollars per share) $ (0.09) $ 0.02 $ (0.23) $ (0.35)
Weighted average common shares outstanding:        
Basic (in shares) 53,562,850 50,870,296 53,288,741 49,526,774
Diluted (in shares) 53,562,850 52,982,688 53,288,741 49,526,774
Total recurring revenues        
Revenues:        
Total revenues $ 227,225 $ 212,328 $ 466,587 $ 404,349
Asset-based        
Revenues:        
Total revenues 122,246 120,070 257,057 229,004
Operating expenses:        
Cost of revenues 61,875 60,293 130,467 114,135
Subscription-based        
Revenues:        
Total revenues 104,979 92,258 209,530 175,345
Operating expenses:        
Cost of revenues 6,807 6,697 13,084 14,374
Professional services and other revenues        
Revenues:        
Total revenues 8,088 12,117 15,265 19,762
Operating expenses:        
Cost of revenues $ 167 $ 5,090 $ 231 $ 5,216