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 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Total revenues $ 252,559 $ 236,080 $ 734,411 $ 660,191
Operating expenses:        
Cost of revenues 78,545 71,870 222,327 205,595
Compensation and benefits 94,428 95,587 300,423 285,590
General and administration 38,979 42,016 118,537 124,961
Depreciation and amortization 28,951 26,735 85,077 73,167
Total operating expenses 240,903 236,208 726,364 689,313
Income (loss) from operations 11,656 (128) 8,047 (29,122)
Other expense, net (8,836) (9,813) (18,546) (23,088)
Income (loss) before income tax provision (benefit) 2,820 (9,941) (10,499) (52,210)
Income tax provision (benefit) 497 (6,977) (161) (31,591)
Net income (loss) 2,323 (2,964) (10,338) (20,619)
Add: Net (income) loss attributable to non-controlling interest (413) (116) (12) 247
Net income (loss) attributable to Envestnet, Inc. $ 1,910 $ (3,080) $ (10,350) $ (20,372)
Net income (loss) per share attributable to Envestnet, Inc.:        
Basic (in dollars per share) $ 0.04 $ (0.06) $ (0.19) $ (0.40)
Diluted (in dollars per share) $ 0.03 $ (0.06) $ (0.19) $ (0.40)
Weighted average common shares outstanding:        
Basic (in shares) 53,800,048 52,215,469 53,464,101 50,414,427
Diluted (in shares) 55,558,983 52,215,469 53,464,101 50,414,427
Total recurring revenues        
Revenues:        
Total revenues $ 245,641 $ 227,174 $ 712,228 $ 631,523
Asset-based        
Revenues:        
Total revenues 137,744 126,591 394,801 355,595
Operating expenses:        
Cost of revenues 71,133 64,339 201,600 178,474
Subscription-based        
Revenues:        
Total revenues 107,897 100,583 317,427 275,928
Operating expenses:        
Cost of revenues 7,291 7,278 20,375 21,652
Professional services and other revenues        
Revenues:        
Total revenues 6,918 8,906 22,183 28,668
Operating expenses:        
Cost of revenues $ 121 $ 253 $ 352 $ 5,469