Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets, Net (Tables)

v3.22.0.1
Goodwill and Intangible Assets, Net (Tables)
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in the Carrying Amount of Goodwill by Segment
Changes in the carrying amount of goodwill were as follows:
  Envestnet
Wealth Solutions		 Envestnet
Data & Analytics		 Total
(in thousands)
Balance at December 31, 2019 $ 583,247  $ 296,603  $ 879,850 
Private Technology company acquisition —  7,019  7,019 
Private Cloud Technology company acquisition 10,932  —  10,932 
Private Financial Technology Design company acquisition 9,241  —  9,241 
Foreign currency translation and other (70) (199) (269)
Balance at December 31, 2020 603,350  303,423  906,773 
Harvest Acquisition 18,526  —  18,526 
Foreign currency translation —  (145) (145)
Balance at December 31, 2021 $ 621,876  $ 303,278  $ 925,154 
Schedule of Components of Intangible Assets, Net
Intangible assets, net consisted of the following:
  December 31, 2021 December 31, 2020
  Gross   Net Gross   Net
  Carrying Accumulated Carrying Carrying Accumulated Carrying
  Amount Amortization Amount Amount Amortization Amount
Customer lists $ 590,080  $ (241,189) $ 348,891  $ 591,520  $ (198,555) $ 392,965 
Proprietary technologies 85,324  (43,004) 42,320  54,914  (26,949) 27,965 
Trade names 33,700  (24,515) 9,185  33,700  (19,589) 14,111 
Total intangible assets $ 709,104  $ (308,708) $ 400,396  $ 680,134  $ (245,093) $ 435,041 
Schedule of Amortization Expense
Amortization expense was as follows:
  Year Ended December 31,
  2021 2020 2019
Amortization expense $ 68,587  $ 73,559  $ 68,452 
Schedule of Future Amortization Expense of the Intangible Assets
Future amortization expense of the Company's intangible assets as of December 31, 2021, is expected to be as follows:
Years ending December 31:  
2022 $ 66,186 
2023 51,791 
2024 45,013 
2025 41,736 
2026 33,894 
Thereafter 161,776 
Total $ 400,396