Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Total revenues $ 1,186,517 $ 998,230 $ 900,127
Operating expenses:      
Cost of revenues 423,723 305,929 278,811
Compensation and benefits 432,829 398,970 383,554
General and administration 171,657 160,229 152,564
Depreciation and amortization 117,767 113,661 101,271
Total operating expenses 1,145,976 978,789 916,200
Income (loss) from operations 40,541 19,441 (16,073)
Other income (expense):      
Interest income 827 1,112 3,347
Interest expense (16,931) (31,504) (32,520)
Other income (expense), net (4,076) 2,906 (2,849)
Total other expense, net (20,180) (27,486) (32,022)
Income (loss) before income tax provision (benefit) 20,361 (8,045) (48,095)
Income tax provision (benefit) 7,667 (5,401) (30,893)
Net income (loss) 12,694 (2,644) (17,202)
Add: Net (income) loss attributable to non-controlling interest 602 (466) 420
Net income (loss) attributable to Envestnet, Inc. $ 13,296 $ (3,110) $ (16,782)
Net income (loss) per share attributable to Envestnet, Inc.:      
Basic (in dollars per share) $ 0.24 $ (0.06) $ (0.33)
Diluted (in dollars per share) $ 0.24 $ (0.06) $ (0.33)
Weighted average common shares outstanding:      
Basic (in shares) 54,470,975 53,589,232 50,937,919
Diluted (in shares) 55,384,096 53,589,232 50,937,919
Total recurring revenues      
Revenues:      
Total revenues $ 1,163,365 $ 967,454 $ 863,125
Asset-based      
Revenues:      
Total revenues 709,376 540,947 484,312
Operating expenses:      
Cost of revenues 393,717 278,569 243,913
Subscription-based      
Revenues:      
Total revenues 453,989 426,507 378,813
Operating expenses:      
Cost of revenues 29,445 26,934 28,904
Professional services and other revenues      
Revenues:      
Total revenues 23,152 30,776 37,002
Operating expenses:      
Cost of revenues $ 561 $ 426 $ 5,994