Envestnet, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) Per Share (Tables)

Net Income (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of reconciliation of the numerators and denominators used in computing basic and diluted net income (loss) per share attributable to common stockholders

The following table provides the numerators and denominators used in computing basic and diluted net income (loss) per share attributable to Envestnet, Inc.:


	Year Ended December 31,
	2020		2019		2018
Basic income (loss) per share calculation:
Net income (loss) attributable to Envestnet, Inc.	$	(3,110)	$	(16,782)	$	5,755

Basic number of weighted-average shares outstanding	53,589,232		50,937,919		45,268,002
Basic net income (loss) per share	$	(0.06)	$	(0.33)	$	0.13

Diluted income (loss) per share calculation:
Net income (loss) attributable to Envestnet, Inc.	$	(3,110)	$	(16,782)	$	5,755

Basic number of weighted-average shares outstanding	53,589,232		50,937,919		45,268,002
Effect of dilutive shares:
Options to purchase common stock	—		—		1,304,493
Unvested restricted stock units	—		—		811,590
Convertible Notes	—		—		—
Warrants	—		—		—
Diluted number of weighted-average shares outstanding	53,589,232		50,937,919		47,384,085
Diluted net income (loss) per share	$	(0.06)	$	(0.33)	$	0.12

Schedule of anti-dilutive securities excluded from computation of diluted earnings per share

Securities that were anti-dilutive and therefore excluded from the computation of diluted net income (loss) per share are as follows:


	December 31,
	2020	2019	2018
Options to purchase common stock	438,040	1,150,586	—
Unvested RSU's and PSU's	1,648,144	1,572,988	—
Convertible Notes (1)	9,898,549	5,050,505	7,793,826
Warrants	470,000	470,000	470,000
Total anti-dilutive securities	12,454,733	8,244,079	8,263,826

(1)For 2020, this amount includes 4,848,044 of additional potential common shares related to the Convertible Notes due 2025 which were issued in August 2020 (See “Note 10—Debt”). For 2019, this amount does not include 2,743,321 of potential common shares related to the Convertible Notes due 2019 as they were settled in cash at maturity in December 2019.