Segment information (Tables)
|
12 Months Ended |
Dec. 31, 2018 |
|---|
| Segment Reporting [Abstract] |
|
| Schedule of revenue by segment |
The following table presents revenue by segment:
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Year Ended December 31, |
|
|
2018 |
|
2017 |
|
2016 |
Revenue: |
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Envestnet |
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|
|
|
|
|
|
|
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Asset-based |
|
$ |
481,233 |
|
|
$ |
410,016 |
|
|
$ |
352,498 |
|
Subscription-based |
|
138,372 |
|
|
106,048 |
|
|
84,340 |
|
Total recurring revenues |
|
619,605 |
|
|
516,064 |
|
|
436,838 |
|
Professional services and other |
|
13,000 |
|
|
11,841 |
|
|
10,794 |
|
Total Envestnet segment revenues |
|
632,605 |
|
|
527,905 |
|
|
447,632 |
|
Envestnet | Yodlee |
|
|
|
|
|
|
|
|
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Subscription-based |
|
157,095 |
|
|
139,819 |
|
|
113,785 |
|
Professional services and other |
|
22,663 |
|
|
15,955 |
|
|
16,747 |
|
Total Envestnet | Yodlee segment revenues |
|
179,758 |
|
|
155,774 |
|
|
130,532 |
|
Consolidated revenue |
|
$ |
812,363 |
|
|
$ |
683,679 |
|
|
$ |
578,164 |
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Fidelity revenue as a percentage of Envestnet segment revenue: |
|
21 |
% |
|
22 |
% |
|
19 |
% |
|
| Schedule of income (loss) from operations by segment |
The following table presents a reconciliation from income from operations by segment to consolidated net income (loss) attributable to Envestnet, Inc.:
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Year Ended December 31, |
|
|
2018 |
|
2017 |
|
2016 |
Envestnet |
|
$ |
75,491 |
|
|
$ |
75,449 |
|
|
$ |
41,678 |
|
Envestnet | Yodlee |
|
(10,013 |
) |
|
(19,456 |
) |
|
(38,547 |
) |
Total segment income from operations |
|
65,478 |
|
|
55,993 |
|
|
3,131 |
|
Nonsegment operating expenses |
|
(51,313 |
) |
|
(39,573 |
) |
|
(26,575 |
) |
Interest expense, net |
|
(22,840 |
) |
|
(16,146 |
) |
|
(16,563 |
) |
Other expense, net |
|
(487 |
) |
|
(1,963 |
) |
|
(483 |
) |
Consolidated loss before income tax provision (benefit) |
|
(9,162 |
) |
|
(1,689 |
) |
|
(40,490 |
) |
Income tax provision (benefit) |
|
(13,172 |
) |
|
1,591 |
|
|
15,077 |
|
Consolidated net income (loss) |
|
4,010 |
|
|
(3,280 |
) |
|
(55,567 |
) |
Add: Net loss attributable to non-controlling interest |
|
1,745 |
|
|
— |
|
|
— |
|
Consolidated net income (loss) attributable to Envestnet, Inc. |
|
$ |
5,755 |
|
|
$ |
(3,280 |
) |
|
$ |
(55,567 |
) |
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| Summary of consolidated total assets, consolidated depreciation and amortization and consolidated capital expenditures |
A summary of consolidated total assets, consolidated depreciation and amortization and consolidated capital expenditures by segment follows:
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December 31, |
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2018 |
|
2017 |
Segment assets: |
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|
|
Envestnet |
|
$ |
810,971 |
|
|
$ |
353,048 |
|
Envestnet | Yodlee |
|
502,776 |
|
|
509,004 |
|
Consolidated total assets |
|
$ |
1,313,747 |
|
|
$ |
862,052 |
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Year Ended December 31, |
|
|
2018 |
|
2017 |
|
2016 |
Segment depreciation and amortization: |
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|
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|
Envestnet |
|
$ |
45,139 |
|
|
$ |
26,223 |
|
|
$ |
24,784 |
|
Envestnet | Yodlee |
|
32,487 |
|
|
36,597 |
|
|
39,215 |
|
Consolidated depreciation and amortization |
|
$ |
77,626 |
|
|
$ |
62,820 |
|
|
$ |
63,999 |
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Year Ended December 31, |
|
|
2018 |
|
2017 |
|
2016 |
Segment capital expenditures: |
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|
Envestnet |
|
$ |
36,406 |
|
|
$ |
22,434 |
|
|
$ |
17,120 |
|
Envestnet | Yodlee |
|
8,186 |
|
|
5,135 |
|
|
5,456 |
|
Consolidated capital expenditures |
|
$ |
44,592 |
|
|
$ |
27,569 |
|
|
$ |
22,576 |
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