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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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| Revenues: | |||
| Assets under management or administration | $ 294,223us-gaap_InvestmentAdvisoryManagementAndAdministrativeFees | $ 200,568us-gaap_InvestmentAdvisoryManagementAndAdministrativeFees | $ 127,213us-gaap_InvestmentAdvisoryManagementAndAdministrativeFees |
| Licensing and professional services | 54,525us-gaap_LicenseAndServicesRevenue | 41,967us-gaap_LicenseAndServicesRevenue | 30,053us-gaap_LicenseAndServicesRevenue |
| Total revenues | 348,748us-gaap_SalesRevenueServicesNet | 242,535us-gaap_SalesRevenueServicesNet | 157,266us-gaap_SalesRevenueServicesNet |
| Operating expenses: | |||
| Cost of revenues | 150,067us-gaap_CostOfRevenue | 98,970us-gaap_CostOfRevenue | 56,119us-gaap_CostOfRevenue |
| Compensation and benefits | 104,457us-gaap_LaborAndRelatedExpense | 77,442us-gaap_LaborAndRelatedExpense | 54,973us-gaap_LaborAndRelatedExpense |
| General and administration | 54,321us-gaap_GeneralAndAdministrativeExpense | 44,808us-gaap_GeneralAndAdministrativeExpense | 30,617us-gaap_GeneralAndAdministrativeExpense |
| Depreciation and amortization | 18,651us-gaap_DepreciationDepletionAndAmortization | 15,329us-gaap_DepreciationDepletionAndAmortization | 12,400us-gaap_DepreciationDepletionAndAmortization |
| Restructuring charges | 474env_SeveranceAndLeaseTerminationCharges | 115env_SeveranceAndLeaseTerminationCharges | |
| Total operating expenses | 327,496us-gaap_CostsAndExpenses | 237,023us-gaap_CostsAndExpenses | 154,224us-gaap_CostsAndExpenses |
| Income from operations | 21,252us-gaap_OperatingIncomeLoss | 5,512us-gaap_OperatingIncomeLoss | 3,042us-gaap_OperatingIncomeLoss |
| Other income: | |||
| Interest income | 139us-gaap_InvestmentIncomeInterest | 18us-gaap_InvestmentIncomeInterest | 29us-gaap_InvestmentIncomeInterest |
| Interest expense | (626)us-gaap_InterestExpense | (3)us-gaap_InterestExpense | |
| Other income, net | 1,742us-gaap_OtherNonoperatingIncome | 182us-gaap_OtherNonoperatingIncome | |
| Total other income | 1,255us-gaap_NonoperatingIncomeExpense | 200us-gaap_NonoperatingIncomeExpense | 26us-gaap_NonoperatingIncomeExpense |
| Income before income tax provision | 22,507us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 5,712us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 3,068us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest |
| Income tax provision | 8,528us-gaap_IncomeTaxExpenseBenefit | 2,052us-gaap_IncomeTaxExpenseBenefit | 2,603us-gaap_IncomeTaxExpenseBenefit |
| Net and comprehensive income | 13,979env_NetAndComprehensiveIncome | 3,660env_NetAndComprehensiveIncome | 465env_NetAndComprehensiveIncome |
| Add: Net loss attributable to non-controlling interest | 195us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | ||
| Net income attributable to Envestnet, Inc. | $ 14,174us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ 3,660us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ 465us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic |
| Net income per share: | |||
| Basic (in dollars per share) | $ 0.41us-gaap_EarningsPerShareBasic | $ 0.11us-gaap_EarningsPerShareBasic | $ 0.01us-gaap_EarningsPerShareBasic |
| Diluted (in dollars per share) | $ 0.38us-gaap_EarningsPerShareDiluted | $ 0.10us-gaap_EarningsPerShareDiluted | $ 0.01us-gaap_EarningsPerShareDiluted |
| Weighted average common shares outstanding: | |||
| Basic (in shares) | 34,559,558us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 33,191,088us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 32,162,672us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
| Diluted (in shares) | 36,877,599us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 35,666,575us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 33,341,615us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
| X | ||||||||||
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- Definition
The portion of profit or loss and comprehensive income for the period, net of income taxes, which is attributable to the parent. No definition available.
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- Definition
Amount of expenses associated with the termination of certain employees of acquired companies and the termination of certain office leases. No definition available.
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- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of revenue from providing investment advisory, asset management and administrative services, including, but not limited to, distribution and shareholder services, accounting, tax, legal, regulatory filing, share registration, and shareholder correspondence activities. No definition available.
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| X | ||||||||||
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- Definition
Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Revenue from multiple-deliverable arrangements that include licensing fees and services revenue. Licensing revenue is consideration received from another party for the right to use, but not own, certain of the entity's intangible assets. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Licensing fees are generally, but not always, fixed as to amount and not dependent upon the revenue generated by the licensing party. An entity may receive licensing fees for licenses that also generate royalty payments to the entity. Services revenue may be derived by providing other, nonspecified, services during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The aggregate amount of other income amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) profits on securities (net of losses), and (d) miscellaneous other income items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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- Definition
Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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