Segment information (Tables)
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6 Months Ended |
Jun. 30, 2017 |
|---|
| Segment Information |
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| Schedule of revenue by segment |
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Three Months Ended
|
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Six Months Ended
|
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June 30,
|
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June 30,
|
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2017
|
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2016
|
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2017
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2016
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Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Envestnet
|
|
$
|
129,372
|
|
$
|
110,716
|
|
$
|
250,690
|
|
$
|
213,906
|
|
|
Envestnet | Yodlee
|
|
|
38,045
|
|
|
30,992
|
|
|
74,513
|
|
|
59,623
|
|
|
Consolidated revenue
|
|
$
|
167,417
|
|
$
|
141,708
|
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$
|
325,203
|
|
$
|
273,529
|
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Fidelity revenue as a percentage of Envestnet segment revenue:
|
|
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20%
|
|
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19%
|
|
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20%
|
|
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19%
|
|
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| Schedule of income (loss) from operations by segment |
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Three Months Ended
|
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Six Months Ended
|
|
|
June 30,
|
|
June 30,
|
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
|
Envestnet
|
$
|
15,811
|
|
$
|
10,490
|
|
$
|
29,322
|
|
$
|
20,064
|
|
Envestnet | Yodlee
|
|
(5,635)
|
|
|
(11,271)
|
|
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(13,343)
|
|
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(25,312)
|
|
Total segment income (loss) from operations
|
|
10,176
|
|
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(781)
|
|
|
15,979
|
|
|
(5,248)
|
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Nonsegment operating expenses
|
|
(7,433)
|
|
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(5,549)
|
|
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(16,590)
|
|
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(13,842)
|
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Other expense, net
|
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(4,369)
|
|
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(4,831)
|
|
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(9,852)
|
|
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(8,780)
|
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Consolidated loss before income taxes (benefit)
|
|
(1,626)
|
|
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(11,161)
|
|
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(10,463)
|
|
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(27,870)
|
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Income tax provision (benefit)
|
|
4,844
|
|
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(3,218)
|
|
|
9,142
|
|
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(8,934)
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Consolidated net loss
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(6,470)
|
|
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(7,943)
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|
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(19,605)
|
|
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(18,936)
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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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—
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Consolidated net loss attributable to Envestnet, Inc.
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$
|
(6,470)
|
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$
|
(7,943)
|
|
$
|
(19,605)
|
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$
|
(18,936)
|
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| Summary of consolidated total assets, consolidated depreciation and amortization and consolidated capital expenditures |
|
|
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June 30,
|
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December 31,
|
|
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2017
|
|
2016
|
|
Segment assets:
|
|
|
|
|
|
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Envestnet
|
$
|
320,709
|
|
$
|
341,602
|
|
Envestnet | Yodlee
|
|
518,957
|
|
|
530,799
|
|
Consolidated total assets
|
$
|
839,666
|
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$
|
872,401
|
|
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|
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Three Months Ended
|
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Six Months Ended
|
|
|
June 30,
|
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June 30,
|
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
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Segment depreciation and amortization:
|
|
|
|
|
|
|
|
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Envestnet
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$
|
6,361
|
|
$
|
6,360
|
|
$
|
12,782
|
|
$
|
12,424
|
|
Envestnet | Yodlee
|
|
9,104
|
|
|
10,740
|
|
|
18,518
|
|
|
20,756
|
|
Consolidated depreciation and amortization
|
$
|
15,465
|
|
$
|
17,100
|
|
$
|
31,300
|
|
$
|
33,180
|
|
|
|
|
|
|
|
|
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|
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|
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Three Months Ended
|
|
Six Months Ended
|
|
|
June 30,
|
|
June 30,
|
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
|
Segment capital expenditures:
|
|
|
|
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|
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Envestnet
|
$
|
7,580
|
|
$
|
3,134
|
|
$
|
12,931
|
|
$
|
5,163
|
|
Envestnet | Yodlee
|
|
1,154
|
|
|
1,544
|
|
|
1,901
|
|
|
2,714
|
|
Consolidated capital expenditures
|
$
|
8,734
|
|
$
|
4,678
|
|
$
|
14,832
|
|
$
|
7,877
|
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