Envestnet, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) Per Share (Tables)

Net Income (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2023

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) attributable to Envestnet, Inc., per share:


	Year Ended December 31,
	2023		2022		2021
	(in thousands, except share and per share amounts)
Net income (loss) attributable to Envestnet, Inc. - Basic	$	(238,724)	$	(80,939)	$	13,296
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	$	(238,724)	$	(90,463)	$	13,296
Weighted-average common shares outstanding:
Basic	54,457,365		55,199,482		54,470,975
Effect of dilutive shares:
Convertible Notes	—		1,642,643		—
Non-vested RSUs and PSUs	—		—		633,384
Options to purchase common stock	—		—		206,022
Warrants	—		—		73,715
Diluted	54,457,365		56,842,125		55,384,096
Net income (loss) attributable to Envestnet, Inc., per share:
Basic	$	(4.38)	$	(1.47)	$	0.24
Diluted	$	(4.38)	$	(1.59)	$	0.24

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,
	2023	2022	2021
Convertible Notes(1)	11,084,413	11,470,646	9,898,549
Non-vested RSU's and PSU's	1,672,311	1,941,025	—
Options to purchase common stock	202,166	277,535	—

Total anti-dilutive securities	12,958,890	13,689,206	9,898,549

__________________________________________________________

(1) From 2021 to 2022, this amount increased by 7,837,480 potential common shares associated with the Convertible Notes due 2027 issued in 2022, partially offset by 4,391,743 potential common shares associated with the Convertible Notes due 2023 and 1,873,640 potential common shares associated with the Convertible Notes due 2025 repurchased in 2022. From 2022 to 2023, this amount decreased by 386,233 potential common shares associated with the Convertible Notes due 2023 that matured on June 1, 2023. See "Note 14—Debt".