Envestnet, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Business Acquisitions (Tables)

Business Acquisitions (Tables)

9 Months Ended

Sep. 30, 2016

Business acquisitions

Schedule of pro forma financial information


	Three Months Ended			Nine Months Ended
	September 30,			September 30,
Revenues	$	132,389		$	384,154
Net loss		(6,505)			(21,587)
Net loss per share:
Basic		(0.15)			(0.51)
Diluted		(0.15)			(0.51)

FinaConnect, Inc.

Business acquisitions

Summary of consideration in the acquisition


Cash consideration		$	6,425
Contingent consideration liability			1,929
Working capital adjustment			269
Cash acquired			(1)
Total		$	8,622

Summary of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition


					Measurement
		Preliminary			Period			Estimate as of
		Estimate			Adjustments			September 30, 2016
Total tangible assets acquired		$	136		$	147		$	283
Total liabilities assumed			(556)			83			(473)
Identifiable intangible assets			5,425			—			5,425
Goodwill			3,617			(230)			3,387
Total net assets acquired		$	8,622		$	—		$	8,622

Summary of intangible assets acquired, estimated useful lives and amortization method


							Amortization
		Amount			Useful Life in Years		Method
Customer list		$	4,300		12		Accelerated
Proprietary technology			800		5		Straight-line
Trade names and domains			325		2		Straight-line
Total		$	5,425

Castle Rock Innovations, Inc.

Business acquisitions

Summary of consideration in the acquisition


Cash consideration		$	6,190
Contingent consideration liability			1,500
Cash acquired			(320)
Total		$	7,370

Summary of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition


					Measurement
		Preliminary			Period			As of
		Estimate			Adjustments			September 30, 2016
Total tangible assets acquired		$	255		$	(112)		$	143
Total liabilities assumed			(1,305)			—			(1,305)
Identifiable intangible assets			3,400			500			3,900
Goodwill			5,020			(388)			4,632
Total net assets acquired		$	7,370		$	—		$	7,370

Summary of intangible assets acquired, estimated useful lives and amortization method


							Amortization
		Amount			Useful Life in Years		Method
Customer list		$	3,000		12		Accelerated
Proprietary technology			800		5		Straight-line
Trade names and domains			100		4		Straight-line
Total		$	3,900

Business acquisitions

Summary of consideration in the acquisition


Cash consideration		$	375,658
Stock consideration			186,522
Attribution of the fair market value of replacement awards			4,318
Cash acquired			(63,234)
Total		$	503,264

Summary of the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition


					Measurement
		Preliminary			Period			As of
		Estimate			Adjustments			September 30, 2016
Total tangible assets acquired		$	33,815		$	2,799		$	36,614
Total liabilities assumed			(55,240)			—			(55,240)
Identifiable intangible assets			237,000			—			237,000
Goodwill			286,049			(1,159)			284,890
Total net assets acquired		$	501,624		$	1,640		$	503,264

Summary of intangible assets acquired, estimated useful lives and amortization method


							Amortization
		Amount			Useful Life in Years		Method
Customer list		$	178,000		12		Accelerated
Backlog			11,000		4		Accelerated
Proprietary technology			35,000		5		Straight-line
Trade names			13,000		6		Straight-line
Total		$	237,000