Quarterly report pursuant to Section 13 or 15(d)

Segment information (Tables)

v3.5.0.2
Segment information (Tables)
6 Months Ended
Jun. 30, 2016
Segment Information  
Schedule of revenue by segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30,

 

June 30,

 

 

2016

    

2015

 

2016

    

2015

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Envestnet

 

$

110,716

 

$

102,663

 

$

213,906

 

$

199,117

Envestnet | Yodlee

 

 

30,992

 

 

 —

 

 

59,623

 

 

 —

Consolidated revenue

 

$

141,708

 

$

102,663

 

$

273,529

 

$

199,117

 

 

 

 

 

 

 

 

 

 

 

 

 

Fidelity revenue as a percentage of Envestnet segment revenue:

 

 

19%

 

 

18%

 

 

19%

 

 

18%

 

Schedule of income from operations by segment

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

June 30,

 

June 30,

 

2016

    

2015

 

2016

    

2015

Envestnet

$

10,490

 

$

10,312

 

$

20,064

 

$

20,048

Envestnet | Yodlee

 

(11,271)

 

 

 —

 

 

(25,312)

 

 

 —

  Total segment income (loss) from operations

 

(781)

 

 

10,312

 

 

(5,248)

 

 

20,048

Nonsegment operating expenses

 

(5,549)

 

 

(3,846)

 

 

(13,842)

 

 

(6,900)

Other expense, net

 

(4,831)

 

 

(2,251)

 

 

(8,780)

 

 

(4,454)

Consolidated income (loss) before income taxes (benefit)

 

(11,161)

 

 

4,215

 

 

(27,870)

 

 

8,694

Income tax provision (benefit)

 

(3,218)

 

 

1,679

 

 

(8,934)

 

 

3,647

Consolidated net income (loss)

 

(7,943)

 

 

2,536

 

 

(18,936)

 

 

5,047

  Add: Net loss attributable to non-controlling interest

 

 —

 

 

 —

 

 

 —

 

 

 —

Consolidated net income (loss) attributable to Envestnet, Inc.

$

(7,943)

 

$

2,536

 

$

(18,936)

 

$

5,047

 

Summary of consolidated total assets, consolidated depreciation and amortization and consolidated capital expenditures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

 

 

 

 

 

 

2016

    

2015

Segment assets:

 

 

 

 

 

 

 

 

 

 

 

Envestnet

 

 

 

 

 

 

$

319,240

 

$

323,292

Envestnet | Yodlee

 

 

 

 

 

 

 

541,707

 

 

552,957

Consolidated total assets

 

 

 

 

 

 

$

860,947

 

$

876,249

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

June 30,

 

June 30,

 

2016

    

2015

 

2016

    

2015

Segment depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

Envestnet

$

6,360

 

$

5,725

 

$

12,424

 

$

11,058

Envestnet | Yodlee

 

10,740

 

 

 —

 

 

20,756

 

 

 —

Consolidated depreciation and amortization

$

17,100

 

$

5,725

 

$

33,180

 

$

11,058

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

June 30,

 

June 30,

 

2016

    

2015

 

2016

    

2015

Segment capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

Envestnet

$

1,277

 

$

2,854

 

$

1,918

 

$

4,912

Envestnet | Yodlee

 

1,544

 

 

 —

 

 

2,714

 

 

 —

Consolidated capital expenditures

$

2,821

 

$

2,854

 

$

4,632

 

$

4,912