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

Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

Condensed Consolidated Statements of Cash Flows $ in Thousands	6 Months Ended
	Jun. 30, 2017 USD ($)	Jun. 30, 2016 USD ($)
OPERATING ACTIVITIES:
Net loss	$ (19,605)	$ (18,936)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	31,300	33,180
Deferred rent and lease incentive	583	(325)
Provision for doubtful accounts	341	106
Deferred income taxes	6,524	3,504
Stock-based compensation expense	15,403	18,318
Non-cash interest expense	4,853	4,031
Accretion on contingent consideration and purchase liability	304	120
Fair market value adjustment on contingent consideration		489
Loss on disposal of fixed assets	69	220
Loss allocation from equity method investment	702
Changes in operating assets and liabilities, net of acquisitions:
Fees and other receivables	(5,639)	4,242
Prepaid expenses and other current assets	(2,681)	(17,116)
Other non-current assets	(514)	(2,320)
Accrued expenses and other liabilities	(752)	(4,967)
Accounts payable	(184)	2,597
Deferred revenue	1,818	1,447
Other non-current liabilities	3,022	1,535
Net cash provided by operating activities	35,544	26,125
INVESTING ACTIVITIES:
Purchase of property and equipment	(9,181)	(4,632)
Capitalization of internally developed software	(5,651)	(3,245)
Purchase of ERS units		(1,500)
Acquisition of businesses, net of cash acquired		(18,394)
Net cash used in investing activities	(14,832)	(27,771)
FINANCING ACTIVITIES:
Proceeds from borrowings on revolving credit facility	25,000	15,000
Payment on revolving credit facility	(25,000)	(15,000)
Payments of contingent consideration	(2,286)
Payments of definite consideration	(445)
Payments of purchase consideration liabilities	(235)
Payment of term notes	(35,862)	(4,000)
Proceeds from exercise of stock options	2,617	2,279
Purchase of treasury stock for stock-based tax withholdings	(9,650)	(9,834)
Issuance of restricted stock units	4	5
Net cash used in financing activities	(45,857)	(11,550)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	283
DECREASE IN CASH AND CASH EQUIVALENTS	(24,862)	(13,196)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	52,592	51,718
CASH AND CASH EQUIVALENTS, END OF PERIOD	27,730	38,522
Supplemental disclosure of cash flow information - net cash refunded (paid) during the period for income taxes	275	(915)
Supplemental disclosure of cash flow information - cash paid during the period for interest	3,960	4,192
Supplemental disclosure of non-cash operating, investing and financing activities:
Leasehold improvements funded by lease incentive	281
Purchase liabilities included in accrued expenses and other liabilities	818
Purchase of fixed assets included in accounts payable and accrued expenses and other liabilities	$ 260
Contingent consideration issued in a business acquisition		$ 1,929