Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.22.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total revenues $ 318,852 $ 288,738 $ 640,215 $ 563,843
Operating expenses:        
Cost of revenues 126,482 100,494 251,764 193,363
Compensation and benefits 125,767 105,548 252,616 206,262
General and administration 66,144 41,755 110,479 78,070
Depreciation and amortization 32,182 30,010 63,800 58,402
Total operating expenses 350,575 277,807 678,659 536,097
Income (loss) from operations (31,723) 10,931 (38,444) 27,746
Other income (expense), net 1,622 (3,784) (4,345) (11,252)
Income (loss) before income tax provision (benefit) (30,101) 7,147 (42,789) 16,494
Income tax provision (benefit) (5,833) 15,516 (3,813) 9,928
Net income (loss) (24,268) (8,369) (38,976) 6,566
Add: Net loss attributable to non-controlling interest 983 88 1,832 99
Net income (loss) attributable to Envestnet, Inc. $ (23,285) $ (8,281) $ (37,144) $ 6,665
Net income (loss) per share attributable to Envestnet, Inc.:        
Basic (in dollars per share) $ (0.42) $ (0.15) $ (0.67) $ 0.12
Diluted (in dollars per share) $ (0.42) $ (0.15) $ (0.67) $ 0.12
Weighted average common shares outstanding:        
Basic (in shares) 55,203,120 54,440,388 55,054,272 54,325,353
Diluted (in shares) 55,203,120 54,440,388 55,054,272 55,136,946
Total recurring revenues        
Revenues:        
Total revenues $ 310,092 $ 282,579 $ 627,543 $ 551,783
Asset-based        
Revenues:        
Total revenues 191,972 170,075 394,689 329,450
Operating expenses:        
Cost of revenues 112,301 93,341 229,729 179,531
Subscription-based        
Revenues:        
Total revenues 118,120 112,504 232,854 222,333
Operating expenses:        
Cost of revenues 7,241 7,027 15,052 13,631
Professional services and other revenues        
Revenues:        
Total revenues 8,760 6,159 12,672 12,060
Operating expenses:        
Cost of revenues $ 6,940 $ 126 $ 6,983 $ 201