| 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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|
|
|
|
|
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|
|
| |
|
Three Months Ended |
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Nine Months Ended |
| |
|
September 30, |
|
September 30, |
| |
|
2020 |
|
2019 |
|
2020 |
|
2019 |
| Envestnet Wealth Solutions |
|
$ |
29,683 |
|
|
$ |
17,746 |
|
|
$ |
60,890 |
|
|
$ |
46,969 |
|
| Envestnet Data & Analytics |
|
(1,238) |
|
|
(7,112) |
|
|
(6,764) |
|
|
(24,000) |
|
| Nonsegment operating expenses |
|
(16,789) |
|
|
(10,762) |
|
|
(46,079) |
|
|
(52,091) |
|
| Income (loss) from operations |
|
11,656 |
|
|
(128) |
|
|
8,047 |
|
|
(29,122) |
|
| Other expense, net |
|
(8,836) |
|
|
(9,813) |
|
|
(18,546) |
|
|
(23,088) |
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| Consolidated 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) |
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| Consolidated net income (loss) |
|
2,323 |
|
|
(2,964) |
|
|
(10,338) |
|
|
(20,619) |
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| Add: Net (income) loss attributable to non-controlling interest |
|
(413) |
|
|
(116) |
|
|
(12) |
|
|
247 |
|
| Consolidated net income (loss) attributable to Envestnet, Inc. |
|
$ |
1,910 |
|
|
$ |
(3,080) |
|
|
$ |
(10,350) |
|
|
$ |
(20,372) |
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|
| Summary of consolidated total assets, consolidated depreciation and amortization and consolidated capital expenditures |
A summary of consolidated assets, consolidated depreciation and amortization and consolidated capital expenditures follows:
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|
|
September 30, |
|
December 31, |
| |
|
2020 |
|
2019 |
| Segment assets: |
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|
|
|
| Envestnet Wealth Solutions |
|
$ |
1,599,797 |
|
|
$ |
1,297,891 |
|
| Envestnet Data & Analytics |
|
501,464 |
|
|
503,993 |
|
| Consolidated assets |
|
$ |
2,101,261 |
|
|
$ |
1,801,884 |
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|
|
|
|
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|
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|
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|
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|
|
|
| |
|
Three Months Ended |
|
Nine Months Ended |
| |
|
September 30, |
|
September 30, |
| |
|
2020 |
|
2019 |
|
2020 |
|
2019 |
| Segment depreciation and amortization: |
|
|
|
|
|
|
|
|
| Envestnet Wealth Solutions |
|
$ |
20,406 |
|
|
$ |
18,414 |
|
|
$ |
59,907 |
|
|
$ |
46,057 |
|
| Envestnet Data & Analytics |
|
8,545 |
|
|
8,321 |
|
|
25,170 |
|
|
27,110 |
|
| Consolidated depreciation and amortization |
|
$ |
28,951 |
|
|
$ |
26,735 |
|
|
$ |
85,077 |
|
|
$ |
73,167 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Nine Months Ended |
| |
|
September 30, |
|
September 30, |
| |
|
2020 |
|
2019 |
|
2020 |
|
2019 |
| Segment capital expenditures: |
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|
|
|
|
|
|
|
| Envestnet Wealth Solutions |
|
$ |
12,676 |
|
|
$ |
12,926 |
|
|
$ |
34,066 |
|
|
$ |
33,791 |
|
| Envestnet Data & Analytics |
|
6,373 |
|
|
2,423 |
|
|
15,015 |
|
|
5,956 |
|
| Consolidated capital expenditures |
|
$ |
19,049 |
|
|
$ |
15,349 |
|
|
$ |
49,081 |
|
|
$ |
39,747 |
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|