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, 2021

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) per share attributable to Envestnet, Inc.:


	Year Ended December 31,
	2021		2020		2019
	(in thousands, except share and per share amounts)
Net income (loss) attributable to Envestnet, Inc. (a)	$	13,296	$	(3,110)	$	(16,782)

Weighted-average common shares outstanding:
Basic (b)	54,470,975		53,589,232		50,937,919
Effect of dilutive shares:
Options to purchase common stock	206,022		—		—
Unvested restricted stock units	633,384		—		—

Warrants	73,715		—		—
Diluted (c)	55,384,096		53,589,232		50,937,919

Net income (loss) per share attributable to Envestnet, Inc common stock:
Basic (a/b)	$	0.24	$	(0.06)	$	(0.33)
Diluted (a/c)	$	0.24	$	(0.06)	$	(0.33)

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 are as follows:


	December 31,
	2021	2020	2019
	(in thousands)
Options to purchase common stock	—	438,040	1,150,586
Unvested RSU's and PSU's	—	1,648,144	1,572,988
Convertible Notes (1)	9,898,549	9,898,549	5,050,505
Warrants	—	470,000	470,000
Total anti-dilutive securities	9,898,549	12,454,733	8,244,079

(1)From 2019 to 2020, this amount increased by 4.8 million potential common shares due to the Convertible Notes due 2025 (See “Note 10—Debt”).