Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.10.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Total revenues $ 812,363 $ 683,679 $ 578,164
Operating expenses:      
Cost of revenues 263,400 219,037 180,590
Compensation and benefits 317,188 264,392 241,584
General and administration 139,984 121,010 115,435
Depreciation and amortization 77,626 62,820 63,999
Total operating expenses 798,198 667,259 601,608
Income (loss) from operations 14,165 16,420 (23,444)
Other income (expense):      
Interest income 2,363 201 37
Interest expense (25,203) (16,347) (16,600)
Other expense, net (487) (1,963) (483)
Total other expense, net (23,327) (18,109) (17,046)
Loss before income tax provision (benefit) (9,162) (1,689) (40,490)
Income tax provision (benefit) (13,172) 1,591 15,077
Net income (loss) 4,010 (3,280) (55,567)
Add: Net loss attributable to non-controlling interest 1,745 0 0
Net income (loss) attributable to Envestnet, Inc. $ 5,755 $ (3,280) $ (55,567)
Net income (loss) per share attributable to Envestnet, Inc.:      
Basic (in dollars per share) $ 0.13 $ (0.08) $ (1.30)
Diluted (in dollars per share) $ 0.12 $ (0.08) $ (1.30)
Weighted average common shares outstanding:      
Basic (in shares) 45,268,002 43,732,148 42,814,222
Diluted (in shares) 47,384,085 43,732,148 42,814,222
Recurring Revenue      
Revenues:      
Total revenues $ 776,700 $ 655,883 $ 550,623
Asset-based      
Revenues:      
Total revenues 481,233 410,016 352,498
Operating expenses:      
Cost of revenues 232,145 194,894 160,842
Subscription-based      
Revenues:      
Total revenues 295,467 245,867 198,125
Operating expenses:      
Cost of revenues 25,192 19,818 16,113
Professional services and other revenues      
Revenues:      
Total revenues 35,663 27,796 27,541
Operating expenses:      
Cost of revenues $ 6,063 $ 4,325 $ 3,635