Segment information (Tables)
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9 Months Ended |
Sep. 30, 2016 |
|---|
| Segment Information |
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| Schedule of revenue by segment |
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Three Months Ended
|
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Nine Months Ended
|
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September 30,
|
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September 30,
|
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2016
|
|
2015
|
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2016
|
|
2015
|
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Revenue:
|
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|
|
|
|
|
|
|
|
|
|
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Envestnet
|
|
$
|
114,511
|
|
$
|
103,367
|
|
$
|
328,417
|
|
$
|
302,484
|
|
Envestnet | Yodlee
|
|
|
34,644
|
|
|
—
|
|
|
94,267
|
|
|
—
|
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Consolidated revenue
|
|
$
|
149,155
|
|
$
|
103,367
|
|
$
|
422,684
|
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$
|
302,484
|
|
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Fidelity revenue as a percentage of Envestnet segment revenue:
|
|
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19%
|
|
|
18%
|
|
|
19%
|
|
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18%
|
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| Schedule of income from operations by segment |
|
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Three Months Ended
|
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Nine Months Ended
|
|
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September 30,
|
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September 30,
|
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
|
Envestnet
|
$
|
12,361
|
|
$
|
11,897
|
|
$
|
32,425
|
|
$
|
31,945
|
|
Envestnet | Yodlee
|
|
(8,416)
|
|
|
—
|
|
|
(33,728)
|
|
|
—
|
|
Total segment income (loss) from operations
|
|
3,945
|
|
|
11,897
|
|
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(1,303)
|
|
|
31,945
|
|
Nonsegment operating expenses
|
|
(5,236)
|
|
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(3,569)
|
|
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(19,078)
|
|
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(10,469)
|
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Other expense, net
|
|
(4,434)
|
|
|
(2,347)
|
|
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(13,214)
|
|
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(6,801)
|
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Consolidated income (loss) before income taxes (benefit)
|
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(5,725)
|
|
|
5,981
|
|
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(33,595)
|
|
|
14,675
|
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Income tax provision (benefit)
|
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(1,668)
|
|
|
2,679
|
|
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(10,602)
|
|
|
6,326
|
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Consolidated net income (loss)
|
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(4,057)
|
|
|
3,302
|
|
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(22,993)
|
|
|
8,349
|
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Add: Net loss attributable to non-controlling interest
|
|
—
|
|
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—
|
|
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—
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|
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—
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Consolidated net income (loss) attributable to Envestnet, Inc.
|
$
|
(4,057)
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|
$
|
3,302
|
|
$
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(22,993)
|
|
$
|
8,349
|
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| Summary of consolidated total assets, consolidated depreciation and amortization and consolidated capital expenditures |
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|
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|
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September 30,
|
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December 31,
|
|
|
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|
|
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2016
|
|
2015
|
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Segment assets:
|
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|
|
|
|
|
|
|
|
|
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Envestnet
|
|
|
|
|
|
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$
|
330,535
|
|
$
|
323,292
|
|
Envestnet | Yodlee
|
|
|
|
|
|
|
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539,415
|
|
|
552,957
|
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Consolidated total assets
|
|
|
|
|
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$
|
869,950
|
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$
|
876,249
|
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Three Months Ended
|
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Nine Months Ended
|
|
|
September 30,
|
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September 30,
|
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
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Segment depreciation and amortization:
|
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Envestnet
|
$
|
6,362
|
|
$
|
6,157
|
|
$
|
18,786
|
|
$
|
17,215
|
|
Envestnet | Yodlee
|
|
10,330
|
|
|
—
|
|
|
31,086
|
|
|
—
|
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Consolidated depreciation and amortization
|
$
|
16,692
|
|
$
|
6,157
|
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$
|
49,872
|
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$
|
17,215
|
|
|
|
|
|
|
|
|
|
|
|
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|
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Three Months Ended
|
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Nine Months Ended
|
|
|
September 30,
|
|
September 30,
|
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
|
Segment capital expenditures:
|
|
|
|
|
|
|
|
|
|
|
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Envestnet
|
$
|
4,355
|
|
$
|
1,940
|
|
$
|
6,913
|
|
$
|
6,852
|
|
Envestnet | Yodlee
|
|
1,212
|
|
|
—
|
|
|
3,926
|
|
|
—
|
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Consolidated capital expenditures
|
$
|
5,567
|
|
$
|
1,940
|
|
$
|
10,839
|
|
$
|
6,852
|
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