Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.22.2.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Total revenues $ 306,695 $ 303,053 $ 946,910 $ 866,896
Operating expenses:        
Cost of revenues 110,108 109,836 361,872 303,199
Compensation and benefits 116,837 109,839 369,453 316,101
General and administration 47,388 39,393 157,867 117,463
Depreciation and amortization 33,408 29,850 97,208 88,252
Total operating expenses 307,741 288,918 986,400 825,015
Income (loss) from operations (1,046) 14,135 (39,490) 41,881
Other expense, net (5,346) (3,551) (9,691) (14,803)
Income (loss) before income tax provision (benefit) (6,392) 10,584 (49,181) 27,078
Income tax provision (benefit) 2,271 (854) (1,542) 9,074
Net income (loss) (8,663) 11,438 (47,639) 18,004
Add: Net loss attributable to non-controlling interest 1,373 302 3,205 401
Net income (loss) attributable to Envestnet, Inc. $ (7,290) $ 11,740 $ (44,434) $ 18,405
Net income (loss) per share attributable to Envestnet, Inc.:        
Basic (in dollars per share) $ (0.13) $ 0.22 $ (0.81) $ 0.34
Diluted (in dollars per share) $ (0.13) $ 0.21 $ (0.81) $ 0.33
Weighted average common shares outstanding:        
Basic (in shares) 55,226,777 54,547,858 55,109,387 54,400,247
Diluted (in shares) 55,226,777 55,388,627 55,109,387 55,287,972
Total recurring revenues        
Revenues:        
Total revenues $ 300,878 $ 297,580 $ 928,421 $ 849,363
Asset-based        
Revenues:        
Total revenues 177,131 184,008 571,820 513,458
Operating expenses:        
Cost of revenues 102,409 102,298 332,138 281,829
Subscription-based        
Revenues:        
Total revenues 123,747 113,572 356,601 335,905
Operating expenses:        
Cost of revenues 7,768 7,355 22,820 20,986
Professional services and other revenues        
Revenues:        
Total revenues 5,817 5,473 18,489 17,533
Operating expenses:        
Cost of revenues $ (69) $ 183 $ 6,914 $ 384