Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 52,664 $ 162,173
Fees receivable, net 122,704 101,696
Prepaid expenses and other current assets 47,391 41,363
Total current assets 222,759 305,232
Property and equipment, net 64,144 62,443
Internally developed software, net 196,874 184,558
Intangible assets, net 377,055 379,995
Goodwill 998,428 998,414
Operating lease right-of-use assets, net 79,553 81,596
Other assets 117,644 99,927
Total assets 2,056,457 2,112,165
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 195,983 233,866
Operating lease liabilities 12,270 11,949
Deferred revenue 44,445 36,363
Current portion of debt 44,954 44,886
Total current liabilities 297,652 327,064
Debt, net of current portion 872,968 871,769
Operating lease liabilities, net of current portion 108,568 110,652
Deferred tax liabilities, net 21,445 16,196
Other liabilities 18,644 18,880
Total liabilities 1,319,277 1,344,561
Commitments and contingencies (note 19)
Stockholders' equity    
Preferred stock, par value $0.005, 50,000,000 shares authorized; no shares issued and outstanding as of March 31, 2023 and December 31, 2022 0 0
Common stock, par value $0.005, 500,000,000 shares authorized; 70,587,503 and 70,025,733 shares issued as of March 31, 2023 and December 31, 2022, respectively; 54,401,984 and 54,013,826 shares outstanding as of March 31, 2023 and December 31, 2022, respectively 352 350
Treasury stock at cost, 16,185,519 and 16,011,907 shares as of March 31, 2023 and December 31, 2022, respectively (264,283) (253,551)
Additional paid-in capital 1,154,012 1,135,284
Accumulated deficit (160,155) (118,927)
Accumulated other comprehensive loss (4,312) (8,589)
Total stockholders’ equity, attributable to Envestnet, Inc. 725,614 754,567
Non-controlling interest 11,566 13,037
Total equity 737,180 767,604
Total liabilities and equity $ 2,056,457 $ 2,112,165