Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.21.2
Segment Information (Tables)
 9 Months Ended
Sep. 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 Nine Months Ended
  September 30, September 30,
  2021 2020 2021 2020
(in thousands)
Envestnet Wealth Solutions $ 34,386  $ 29,683  $ 101,042  $ 60,890 
Envestnet Data & Analytics 1,265  (1,238) 3,896  (6,764)
Nonsegment operating expenses (21,516) (16,789) (63,057) (46,079)
Income from operations 14,135  11,656  41,881  8,047 
Other expense, net (3,551) (8,836) (14,803) (18,546)
Consolidated income (loss) before income tax benefit 10,584  2,820  27,078  (10,499)
Income tax provision (benefit) (854) 497  9,074  (161)
Consolidated net income (loss) 11,438  2,323  18,004  (10,338)
Add: Net (income) loss attributable to non-controlling interest 302  (413) 401  (12)
Consolidated net income (loss) attributable to Envestnet, Inc. $ 11,740  $ 1,910  $ 18,405  $ (10,350)
Summary of consolidated total assets
A summary of consolidated total assets follows:
  September 30, December 31,
  2021 2020
(in thousands)
Envestnet Wealth Solutions $ 1,704,660  $ 1,634,153 
Envestnet Data & Analytics 512,685  510,137 
Consolidated total assets $ 2,217,345  $ 2,144,290