Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.21.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Total revenues $ 288,738 $ 235,313 $ 563,843 $ 481,852
Operating expenses:        
Cost of revenues 100,494 68,849 193,363 143,782
Compensation and benefits 105,548 95,565 206,262 205,995
General and administration 41,755 38,448 78,070 79,558
Depreciation and amortization 30,010 28,443 58,402 56,126
Total operating expenses 277,807 231,305 536,097 485,461
Income (loss) from operations 10,931 4,008 27,746 (3,609)
Other expense, net (3,784) (8,173) (11,252) (9,710)
Income (loss) before income tax provision (benefit) 7,147 (4,165) 16,494 (13,319)
Income tax provision (benefit) 15,516 1,306 9,928 (658)
Net income (loss) (8,369) (5,471) 6,566 (12,661)
Add: Net loss attributable to non-controlling interest 88 547 99 401
Net income (loss) attributable to Envestnet, Inc. $ (8,281) $ (4,924) $ 6,665 $ (12,260)
Net income (loss) per share attributable to Envestnet, Inc.:        
Basic (in dollars per share) $ (0.15) $ (0.09) $ 0.12 $ (0.23)
Diluted (in dollars per share) $ (0.15) $ (0.09) $ 0.12 $ (0.23)
Weighted average common shares outstanding:        
Basic (in shares) 54,440,388 53,562,850 54,325,353 53,288,741
Diluted (in shares) 54,440,388 53,562,850 55,136,946 53,288,741
Asset-based        
Revenues:        
Total revenues $ 170,075 $ 122,246 $ 329,450 $ 257,057
Operating expenses:        
Cost of revenues 93,341 61,875 179,531 130,467
Subscription-based        
Revenues:        
Total revenues 112,504 104,979 222,333 209,530
Operating expenses:        
Cost of revenues 7,027 6,807 13,631 13,084
Total recurring revenues        
Revenues:        
Total revenues 282,579 227,225 551,783 466,587
Professional services and other revenues        
Revenues:        
Total revenues 6,159 8,088 12,060 15,265
Operating expenses:        
Cost of revenues $ 126 $ 167 $ 201 $ 231