Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 91,378 $ 162,173
Fees receivable, net 120,958 101,696
Prepaid expenses and other current assets 51,472 47,422
Total current assets 263,808 311,291
Property and equipment, net 48,223 48,481
Internally developed software, net 224,713 184,558
Intangible assets, net 338,068 379,995
Goodwill 806,563 998,414
Operating lease right-of-use assets, net 69,154 81,596
Other assets 126,723 107,830
Total assets 1,877,252 2,112,165
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 241,424 233,866
Operating lease liabilities 12,909 11,949
Deferred revenue 38,201 36,363
Current portion of debt 0 44,886
Total current liabilities 292,534 327,064
Debt 876,612 871,769
Operating lease liabilities, net of current portion 100,830 110,652
Deferred tax liabilities, net 16,568 16,196
Other liabilities 16,202 18,880
Total liabilities 1,302,746 1,344,561
Commitments and contingencies
Stockholders’ equity    
Preferred stock, par value $0.005, 50,000,000 shares authorized; no shares issued and outstanding as of December 31, 2023 and December 31, 2022 0 0
Common stock, par value $0.005, 500,000,000 shares authorized; 71,129,801 and 70,025,733 shares issued as of December 31, 2023 and December 31, 2022, respectively; 54,773,662 and 54,013,826 shares outstanding as of December 31, 2023 and December 31, 2022, respectively 355 350
Treasury stock at cost, 16,356,139 and 16,011,907 shares as of December 31, 2023 and December 31, 2022, respectively (272,573) (253,551)
Additional paid-in capital 1,206,627 1,135,284
Accumulated deficit (357,651) (118,927)
Accumulated other comprehensive loss (8,567) (8,589)
Total stockholders’ equity, attributable to Envestnet, Inc. 568,191 754,567
Non-controlling interest 6,315 13,037
Total equity 574,506 767,604
Total liabilities and equity $ 1,877,252 $ 2,112,165