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 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Total revenues $ 303,053 $ 252,559 $ 866,896 $ 734,411
Operating expenses:        
Cost of revenues 109,836 78,545 303,199 222,327
Compensation and benefits 109,839 94,428 316,101 300,423
General and administration 39,393 38,979 117,463 118,537
Depreciation and amortization 29,850 28,951 88,252 85,077
Total operating expenses 288,918 240,903 825,015 726,364
Income from operations 14,135 11,656 41,881 8,047
Other expense, net (3,551) (8,836) (14,803) (18,546)
Income (loss) before income tax provision (benefit) 10,584 2,820 27,078 (10,499)
Income tax provision (benefit) (854) 497 9,074 (161)
Net income (loss) 11,438 2,323 18,004 (10,338)
Add: Net (income) loss attributable to non-controlling interest 302 (413) 401 (12)
Net income (loss) attributable to Envestnet, Inc. $ 11,740 $ 1,910 $ 18,405 $ (10,350)
Net income (loss) per share attributable to Envestnet, Inc.:        
Basic (in dollars per share) $ 0.22 $ 0.04 $ 0.34 $ (0.19)
Diluted (in dollars per share) $ 0.21 $ 0.03 $ 0.33 $ (0.19)
Weighted average common shares outstanding:        
Basic (in shares) 54,547,858 53,800,048 54,400,247 53,464,101
Diluted (in shares) 55,388,627 55,558,983 55,287,972 53,464,101
Total recurring revenues        
Revenues:        
Total revenues $ 297,580 $ 245,641 $ 849,363 $ 712,228
Asset-based        
Revenues:        
Total revenues 184,008 137,744 513,458 394,801
Operating expenses:        
Cost of revenues 102,298 71,133 281,829 201,600
Subscription-based        
Revenues:        
Total revenues 113,572 107,897 335,905 317,427
Operating expenses:        
Cost of revenues 7,355 7,291 20,986 20,375
Professional services and other revenues        
Revenues:        
Total revenues 5,473 6,918 17,533 22,183
Operating expenses:        
Cost of revenues $ 183 $ 121 $ 384 $ 352