Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.22.2
Segment Information (Tables)
 6 Months Ended
Jun. 30, 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 Six Months Ended
  June 30, June 30,
  2022 2021 2022 2021
(in thousands)
Envestnet Wealth Solutions $ 3,968  $ 32,459  $ 29,237  $ 66,656 
Envestnet Data & Analytics (3,705) 1,342  (9,292) 2,631 
Nonsegment operating expenses (31,986) (22,870) (58,389) (41,541)
Income (loss) from operations (31,723) 10,931  (38,444) 27,746 
Other income (expense), net 1,622  (3,784) (4,345) (11,252)
Consolidated income (loss) before income tax benefit (30,101) 7,147  (42,789) 16,494 
Income tax provision (benefit) (5,833) 15,516  (3,813) 9,928 
Consolidated net income (loss) (24,268) (8,369) (38,976) 6,566 
Add: Net loss attributable to non-controlling interest 983  88  1,832  99 
Consolidated net income (loss) attributable to Envestnet, Inc. $ (23,285) $ (8,281) $ (37,144) $ 6,665 
Schedule of Consolidated Total Assets
A summary of consolidated total assets follows:
  June 30, December 31,
  2022 2021
(in thousands)
Envestnet Wealth Solutions $ 1,615,651  $ 1,720,779 
Envestnet Data & Analytics 571,749  520,403 
Consolidated total assets $ 2,187,400  $ 2,241,182