Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.5.0.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Assets under management or administration $ 86,056 $ 83,819 $ 168,927 $ 164,896
Subscription and licensing 47,037 15,045 90,657 29,094
Professional services and other 8,615 3,799 13,945 5,127
Total revenues 141,708 102,663 273,529 199,117
Operating expenses:        
Cost of revenues 44,902 42,486 85,060 81,181
Compensation and benefits 57,664 31,956 120,280 63,491
General and administration 28,220 15,512 53,947 29,721
Depreciation and amortization 17,100 5,725 33,180 11,058
Restructuring charges 152 518 152 518
Total operating expenses 148,038 96,197 292,619 185,969
Income (loss) from operations (6,330) 6,466 (19,090) 13,148
Other expense, net (4,831) (2,251) (8,780) (4,454)
Income (loss) before income tax provision (11,161) 4,215 (27,870) 8,694
Income tax provision (benefit) (3,218) 1,679 (8,934) 3,647
Net income (loss) (7,943) 2,536 (18,936) 5,047
Net income (loss) attributable to Envestnet, Inc. $ (7,943) $ 2,536 $ (18,936) $ 5,047
Net income (loss) per share attributable to Envestnet, Inc.:        
Basic (in dollars per share) $ (0.19) $ 0.07 $ (0.44) $ 0.14
Diluted (in dollars per share) $ (0.19) $ 0.07 $ (0.44) $ 0.13
Weighted average common shares outstanding:        
Basic (in shares) 42,752,465 35,776,125 42,632,964 35,463,623
Diluted (in shares) 42,752,465 37,654,074 42,632,964 37,504,028