Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.21.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
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.:
  Three Months Ended Six Months Ended
  June 30, June 30,
  2021 2020 2021 2020
(in thousands)
Envestnet Wealth Solutions $ 32,459  $ 19,867  $ 66,656  $ 31,207 
Envestnet Data & Analytics 1,342  (941) 2,631  (5,526)
Nonsegment operating expenses (22,870) (14,918) (41,541) (29,290)
Income (loss) from operations 10,931  4,008  27,746  (3,609)
Other expense, net (3,784) (8,173) (11,252) (9,710)
Consolidated income (loss) before income tax benefit 7,147  (4,165) 16,494  (13,319)
Income tax provision (benefit) 15,516  1,306  9,928  (658)
Consolidated net income (loss) (8,369) (5,471) 6,566  (12,661)
Add: Net loss attributable to non-controlling interest 88  547  99  401 
Consolidated net income (loss) attributable to Envestnet, Inc. $ (8,281) $ (4,924) $ 6,665  $ (12,260)
Summary of consolidated total assets
A summary of consolidated total assets follows:
  June 30, December 31,
  2021 2020
(in thousands)
Envestnet Wealth Solutions $ 1,661,332  $ 1,634,153 
Envestnet Data & Analytics 509,364  510,137 
Consolidated total assets $ 2,170,696  $ 2,144,290