Segment information (Tables)
|
9 Months Ended |
Sep. 30, 2017 |
|---|
| Segment Information |
|
| Schedule of revenue by segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Nine Months Ended
|
|
|
|
|
September 30,
|
|
September 30,
|
|
|
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
|
|
Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Envestnet
|
|
$
|
135,948
|
|
$
|
114,511
|
|
$
|
386,638
|
|
$
|
328,417
|
|
|
Envestnet | Yodlee
|
|
|
39,666
|
|
|
34,644
|
|
|
114,179
|
|
|
94,267
|
|
|
Consolidated revenue
|
|
$
|
175,614
|
|
$
|
149,155
|
|
$
|
500,817
|
|
$
|
422,684
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fidelity revenue as a percentage of Envestnet segment revenue:
|
|
|
22%
|
|
|
19%
|
|
|
22%
|
|
|
19%
|
|
|
| Schedule of income (loss) from operations by segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Nine Months Ended
|
|
|
September 30,
|
|
September 30,
|
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
|
Envestnet
|
$
|
18,955
|
|
$
|
12,361
|
|
$
|
48,277
|
|
$
|
32,425
|
|
Envestnet | Yodlee
|
|
(3,364)
|
|
|
(8,416)
|
|
|
(16,707)
|
|
|
(33,728)
|
|
Total segment income (loss) from operations
|
|
15,591
|
|
|
3,945
|
|
|
31,570
|
|
|
(1,303)
|
|
Nonsegment operating expenses
|
|
(11,243)
|
|
|
(5,236)
|
|
|
(27,833)
|
|
|
(19,078)
|
|
Other expense, net
|
|
(3,986)
|
|
|
(4,434)
|
|
|
(13,838)
|
|
|
(13,214)
|
|
Consolidated income (loss) before income taxes (benefit)
|
|
362
|
|
|
(5,725)
|
|
|
(10,101)
|
|
|
(33,595)
|
|
Income tax provision (benefit)
|
|
1,682
|
|
|
(1,668)
|
|
|
10,824
|
|
|
(10,602)
|
|
Consolidated net loss
|
|
(1,320)
|
|
|
(4,057)
|
|
|
(20,925)
|
|
|
(22,993)
|
|
Add: Net loss attributable to non-controlling interest
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
Consolidated net loss attributable to Envestnet, Inc.
|
$
|
(1,320)
|
|
$
|
(4,057)
|
|
$
|
(20,925)
|
|
$
|
(22,993)
|
|
| Summary of consolidated total assets, consolidated depreciation and amortization and consolidated capital expenditures |
|
|
|
|
|
|
|
|
|
September 30,
|
|
December 31,
|
|
|
2017
|
|
2016
|
|
Segment assets:
|
|
|
|
|
|
|
Envestnet
|
$
|
344,269
|
|
$
|
341,602
|
|
Envestnet | Yodlee
|
|
517,953
|
|
|
530,799
|
|
Consolidated total assets
|
$
|
862,222
|
|
$
|
872,401
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Nine Months Ended
|
|
|
September 30,
|
|
September 30,
|
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
|
Segment depreciation and amortization:
|
|
|
|
|
|
|
|
|
|
|
|
|
Envestnet
|
$
|
6,414
|
|
$
|
6,362
|
|
$
|
19,196
|
|
$
|
18,786
|
|
Envestnet | Yodlee
|
|
9,078
|
|
|
10,330
|
|
|
27,596
|
|
|
31,086
|
|
Consolidated depreciation and amortization
|
$
|
15,492
|
|
$
|
16,692
|
|
$
|
46,792
|
|
$
|
49,872
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Nine Months Ended
|
|
|
September 30,
|
|
September 30,
|
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
|
Segment capital expenditures:
|
|
|
|
|
|
|
|
|
|
|
|
|
Envestnet
|
$
|
4,406
|
|
$
|
7,967
|
|
$
|
17,337
|
|
$
|
13,130
|
|
Envestnet | Yodlee
|
|
1,404
|
|
|
1,212
|
|
|
3,305
|
|
|
3,926
|
|
Consolidated capital expenditures
|
$
|
5,810
|
|
$
|
9,179
|
|
$
|
20,642
|
|
$
|
17,056
|
|