Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 59,019 $ 162,173
Fees receivable, net 123,696 101,696
Prepaid expenses and other current assets 41,906 41,363
Total current assets 224,621 305,232
Property and equipment, net 66,668 62,443
Internally developed software, net 207,235 184,558
Intangible assets, net 361,335 379,995
Goodwill 998,436 998,414
Operating lease right-of-use assets, net 75,079 81,596
Other assets 120,531 99,927
Total assets 2,053,905 2,112,165
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 239,836 233,866
Operating lease liabilities 13,222 11,949
Deferred revenue 35,846 36,363
Current portion of debt 20,000 44,886
Total current liabilities 308,904 327,064
Debt, net of current portion 874,175 871,769
Operating lease liabilities, net of current portion 105,606 110,652
Deferred tax liabilities, net 15,815 16,196
Other liabilities 16,947 18,880
Total liabilities 1,321,447 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 June 30, 2023 and December 31, 2022 0 0
Common stock, par value $0.005, 500,000,000 shares authorized; 70,752,773 and 70,025,733 shares issued as of June 30, 2023 and December 31, 2022, respectively; 54,511,283 and 54,013,826 shares outstanding as of June 30, 2023 and December 31, 2022, respectively 353 350
Treasury stock at cost, 16,241,490 and 16,011,907 shares as of June 30, 2023 and December 31, 2022, respectively (267,325) (253,551)
Additional paid-in capital 1,175,464 1,135,284
Accumulated deficit (181,571) (118,927)
Accumulated other comprehensive loss (4,408) (8,589)
Total stockholders’ equity, attributable to Envestnet, Inc. 722,513 754,567
Non-controlling interest 9,945 13,037
Total equity 732,458 767,604
Total liabilities and equity $ 2,053,905 $ 2,112,165