Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.22.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2022
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
  March 31,
  2022 2021
(in thousands)
Envestnet Wealth Solutions $ 25,269  $ 34,197 
Envestnet Data & Analytics (5,587) 1,289 
Nonsegment operating expenses (26,403) (18,671)
Income (loss) from operations (6,721) 16,815 
Other expense, net (5,967) (7,468)
Consolidated income (loss) before income tax benefit (12,688) 9,347 
Income tax provision (benefit) 2,020  (5,588)
Consolidated net income (loss) (14,708) 14,935 
Add: Net loss attributable to non-controlling interest 849  11 
Consolidated net income (loss) attributable to Envestnet, Inc. $ (13,859) $ 14,946 
Schedule of Consolidated Total Assets
A summary of consolidated total assets follows:
  March 31, December 31,
  2022 2021
(in thousands)
Envestnet Wealth Solutions $ 1,658,134  $ 1,720,779 
Envestnet Data & Analytics 541,636  520,403 
Consolidated total assets $ 2,199,770  $ 2,241,182