Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) Per Share (Tables)

v3.22.4
Net Income (Loss) Per Share (Tables)
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Reconciliation of the Numerators and Denominators Used in Computing Basic and Diluted Net Income (Loss) Per Share Attributable to Common Stockholders
The following table provides the numerators and denominators used in computing basic and diluted net income (loss) per share attributable to Envestnet, Inc.:

  Year Ended December 31,
  2022 2021 2020
(in thousands, except share and per share amounts)
Net income (loss) attributable to Envestnet, Inc. (a)
$ (80,939) $ 13,296  $ (3,110)
Interest and gain on settlement of Convertible Notes due 2025, net of interest and tax (9,524) —  — 
Net income (loss) attributable to Envestnet, Inc. - Diluted (b)
$ (90,463) $ 13,296  $ (3,110)
Weighted-average common shares outstanding:
Basic (c)
55,199,482  54,470,975  53,589,232 
Effect of dilutive shares:
Options to purchase common stock —  206,022  — 
Unvested restricted stock units —  633,384  — 
Convertible Notes 1,642,643  —  — 
Warrants —  73,715  — 
Diluted (d)
56,842,125  55,384,096  53,589,232 
Net income (loss) per share attributable to Envestnet, Inc common stock:
Basic (a/c)
$ (1.47) $ 0.24  $ (0.06)
Diluted (b/d)
$ (1.59) $ 0.24  $ (0.06)
Schedule of Anti-Dilutive Securities Excluded From Computation of Diluted Earnings Per Share
Securities that were anti-dilutive and therefore excluded from the computation of diluted net income (loss) per share were as follows: 

  December 31,
  2022 2021 2020
Options to purchase common stock 277,535  —  438,040 
Unvested RSU's and PSU's 1,941,025  —  1,648,144 
Convertible Notes (1)
11,470,646  9,898,549  9,898,549 
Warrants —  —  470,000 
Total anti-dilutive securities 13,689,206  9,898,549  12,454,733 
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(1) From 2021 to 2022, this amount increased by 7,837,480 potential common shares associated with Convertible Notes due 2027 issued in 2022 offset by 4,391,743 potential common shares associated with Convertible Notes due 2023 and 1,873,640 potential common shares associated with Convertible Notes due 2025 repurchased in 2022 (See “Note 10—Debt”).