| Schedule of income (loss) from operations by segment |
The following table presents a reconciliation from Income (loss) from operations by segment to consolidated net income (loss) attributable to Envestnet, Inc.:
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|
|
|
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|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended |
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|
|
Six Months Ended |
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|
| |
|
June 30, |
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|
|
June 30, |
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|
| |
|
2020 |
|
2019 |
|
2020 |
|
2019 |
| Envestnet Wealth Solutions |
|
$ |
19,867 |
|
|
$ |
12,379 |
|
|
$ |
31,207 |
|
|
$ |
29,223 |
|
| Envestnet Data & Analytics |
|
(941) |
|
|
(8,960) |
|
|
(5,526) |
|
|
(16,888) |
|
| Nonsegment operating expenses |
|
(14,918) |
|
|
(23,676) |
|
|
(29,290) |
|
|
(41,329) |
|
| Income (loss) from operations |
|
4,008 |
|
|
(20,257) |
|
|
(3,609) |
|
|
(28,994) |
|
| Other expense, net |
|
(8,173) |
|
|
(7,512) |
|
|
(9,710) |
|
|
(13,275) |
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| Consolidated loss before income tax provision (benefit) |
|
(4,165) |
|
|
(27,769) |
|
|
(13,319) |
|
|
(42,269) |
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| Income tax provision (benefit) |
|
1,306 |
|
|
(28,382) |
|
|
(658) |
|
|
(24,614) |
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| Consolidated net income (loss) |
|
(5,471) |
|
|
613 |
|
|
(12,661) |
|
|
(17,655) |
|
| Add: Net loss attributable to non-controlling interest |
|
547 |
|
|
280 |
|
|
401 |
|
|
363 |
|
| Consolidated net income (loss) attributable to Envestnet, Inc. |
|
$ |
(4,924) |
|
|
$ |
893 |
|
|
$ |
(12,260) |
|
|
$ |
(17,292) |
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|
| 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:
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|
|
June 30, |
|
December 31, |
| |
|
2020 |
|
2019 |
| Segment assets: |
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|
|
|
| Envestnet Wealth Solutions |
|
$ |
1,323,409 |
|
|
$ |
1,297,891 |
|
| Envestnet Data & Analytics |
|
507,996 |
|
|
503,993 |
|
| Consolidated assets |
|
$ |
1,831,405 |
|
|
$ |
1,801,884 |
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|
|
|
|
|
|
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|
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|
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|
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|
|
|
|
|
|
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| |
|
Three Months Ended |
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|
|
Six Months Ended |
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|
| |
|
June 30, |
|
|
|
June 30, |
|
|
| |
|
2020 |
|
2019 |
|
2020 |
|
2019 |
| Segment depreciation and amortization: |
|
|
|
|
|
|
|
|
| Envestnet Wealth Solutions |
|
$ |
20,081 |
|
|
$ |
16,376 |
|
|
$ |
39,501 |
|
|
$ |
27,643 |
|
| Envestnet Data & Analytics |
|
8,362 |
|
|
10,539 |
|
|
16,625 |
|
|
18,789 |
|
| Consolidated depreciation and amortization |
|
$ |
28,443 |
|
|
$ |
26,915 |
|
|
$ |
56,126 |
|
|
$ |
46,432 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
|
Six Months Ended |
|
|
| |
|
June 30, |
|
|
|
June 30, |
|
|
| |
|
2020 |
|
2019 |
|
2020 |
|
2019 |
| Segment capital expenditures: |
|
|
|
|
|
|
|
|
| Envestnet Wealth Solutions |
|
$ |
11,200 |
|
|
$ |
10,027 |
|
|
$ |
21,390 |
|
|
$ |
20,865 |
|
| Envestnet Data & Analytics |
|
5,100 |
|
|
1,939 |
|
|
8,642 |
|
|
3,533 |
|
| Consolidated capital expenditures |
|
$ |
16,300 |
|
|
$ |
11,966 |
|
|
$ |
30,032 |
|
|
$ |
24,398 |
|
|