Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Total revenues $ 1,239,784 $ 1,186,517 $ 998,230
Operating expenses:      
Cost of revenues 468,460 423,723 305,929
Compensation and benefits 490,725 432,829 398,970
General and administration 216,075 171,657 160,229
Depreciation and amortization 130,548 117,767 113,661
Total operating expenses 1,305,808 1,145,976 978,789
Income (loss) from operations (66,024) 40,541 19,441
Other income (expense):      
Interest income 4,184 827 1,112
Interest expense (16,843) (16,931) (31,504)
Other income (expense), net 264 (4,076) 2,906
Total other expense, net (12,395) (20,180) (27,486)
Income (loss) before income tax provision (benefit) (78,419) 20,361 (8,045)
Income tax provision (benefit) 7,061 7,667 (5,401)
Net income (loss) (85,480) 12,694 (2,644)
Add: Net (income) loss attributable to non-controlling interest 4,541 602 (466)
Net income (loss) attributable to Envestnet, Inc. $ (80,939) $ 13,296 $ (3,110)
Net income (loss) per share attributable to Envestnet, Inc.:      
Basic (in dollars per share) $ (1.47) $ 0.24 $ (0.06)
Diluted (in dollars per share) $ (1.59) $ 0.24 $ (0.06)
Weighted average common shares outstanding:      
Basic (in shares) 55,199,482 54,470,975 53,589,232
Diluted (in shares) 56,842,125 55,384,096 53,589,232
Total recurring revenues      
Revenues:      
Total revenues $ 1,216,072 $ 1,163,365 $ 967,454
Asset-based      
Revenues:      
Total revenues 738,228 709,376 540,947
Operating expenses:      
Cost of revenues 430,345 393,717 278,569
Subscription-based      
Revenues:      
Total revenues 477,844 453,989 426,507
Operating expenses:      
Cost of revenues 30,613 29,445 26,934
Professional services and other revenues      
Revenues:      
Total revenues 23,712 23,152 30,776
Operating expenses:      
Cost of revenues $ 7,502 $ 561 $ 426