Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.22.2.2
Segment Information (Tables)
9 Months Ended
Sep. 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 Nine Months Ended
  September 30, September 30,
  2022 2021 2022 2021
(in thousands)
Envestnet Wealth Solutions $ 20,607  $ 34,386  $ 49,844  $ 101,042 
Envestnet Data & Analytics 74  1,265  (9,218) 3,896 
Nonsegment operating expenses (21,727) (21,516) (80,116) (63,057)
Income (loss) from operations (1,046) 14,135  (39,490) 41,881 
Other expense, net (5,346) (3,551) (9,691) (14,803)
Consolidated income (loss) before income tax benefit (6,392) 10,584  (49,181) 27,078 
Income tax provision (benefit) 2,271  (854) (1,542) 9,074 
Consolidated 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 
Consolidated net income (loss) attributable to Envestnet, Inc. $ (7,290) $ 11,740  $ (44,434) $ 18,405 
Schedule of Consolidated Total Assets
A summary of consolidated total assets follows:
  September 30, December 31,
  2022 2021
(in thousands)
Envestnet Wealth Solutions $ 1,558,756  $ 1,720,779 
Envestnet Data & Analytics 644,465  520,403 
Consolidated total assets $ 2,203,221  $ 2,241,182