Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.21.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Total revenues $ 275,105 $ 246,539
Operating expenses:    
Cost of revenues 92,869 74,933
Compensation and benefits 100,714 110,430
General and administration 36,315 41,110
Depreciation and amortization 28,392 27,683
Total operating expenses 258,290 254,156
Income (loss) from operations 16,815 (7,617)
Other expense, net (7,468) (1,537)
Income (loss) before income tax benefit 9,347 (9,154)
Income tax benefit (5,588) (1,964)
Net income (loss) 14,935 (7,190)
Add: Net (income) loss attributable to non-controlling interest 11 (146)
Net income (loss) attributable to Envestnet, Inc. $ 14,946 $ (7,336)
Net income (loss) per share attributable to Envestnet, Inc.:    
Basic (in dollars per share) $ 0.28 $ (0.14)
Diluted (in dollars per share) $ 0.27 $ (0.14)
Net income (loss) per share attributable to Envestnet, Inc common stock:    
Basic (in shares) 54,208,469 53,016,511
Diluted (in shares) 59,917,648 53,016,511
Total recurring revenues    
Revenues:    
Total revenues $ 269,204 $ 239,362
Asset-based    
Revenues:    
Total revenues 159,375 134,811
Operating expenses:    
Cost of revenues 86,190 68,592
Subscription-based    
Revenues:    
Total revenues 109,829 104,551
Operating expenses:    
Cost of revenues 6,604 6,277
Professional services and other revenues    
Revenues:    
Total revenues 5,901 7,177
Operating expenses:    
Cost of revenues $ 75 $ 64