Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Total revenues $ 998,230 $ 900,127 $ 812,363
Operating expenses:      
Cost of revenues 305,929 278,811 263,400
Compensation and benefits 398,970 383,554 317,188
General and administration 160,229 152,564 139,984
Depreciation and amortization 113,661 101,271 77,626
Total operating expenses 978,789 916,200 798,198
Income (loss) from operations 19,441 (16,073) 14,165
Other income (expense):      
Interest income 1,112 3,347 2,363
Interest expense (31,504) (32,520) (25,203)
Other income (expense), net 2,906 (2,849) (487)
Total other expense, net (27,486) (32,022) (23,327)
Loss before income tax benefit (8,045) (48,095) (9,162)
Income tax benefit (5,401) (30,893) (13,172)
Net income (loss) (2,644) (17,202) 4,010
Add: Net (income) loss attributable to non-controlling interest (466) 420 1,745
Net income (loss) attributable to Envestnet, Inc. $ (3,110) $ (16,782) $ 5,755
Net income (loss) per share attributable to Envestnet, Inc.:      
Basic (in dollars per share) $ (0.06) $ (0.33) $ 0.13
Diluted (in dollars per share) $ (0.06) $ (0.33) $ 0.12
Weighted average common shares outstanding:      
Basic (in shares) 53,589,232 50,937,919 45,268,002
Diluted (in shares) 53,589,232 50,937,919 47,384,085
Recurring Revenue      
Revenues:      
Total revenues $ 967,454 $ 863,125 $ 776,700
Asset-based      
Revenues:      
Total revenues 540,947 484,312 481,233
Operating expenses:      
Cost of revenues 278,569 243,913 232,145
Subscription-based      
Revenues:      
Total revenues 426,507 378,813 295,467
Operating expenses:      
Cost of revenues 26,934 28,904 25,192
Professional services and other revenues      
Revenues:      
Total revenues 30,776 37,002 35,663
Operating expenses:      
Cost of revenues $ 426 $ 5,994 $ 6,063