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)

3 Months Ended

Mar. 31, 2018

Business Acquisitions

Summary of consideration transferred in the acquisition


Upfront consideration								$	187,580
Purchase consideration liability									12,297
Working capital and other adjustments									(3,893)
Total								$	195,984

Summary of the estimated fair values of the assets acquired and liabilities assumed


Cash and cash equivalents								$	4,876
Accounts receivable									4,962
Prepaid expenses and other current assets									1,600
Property and equipment, net									927
Other non-current assets									441
Identifiable intangible assets									117,700
Goodwill									97,248
Total assets acquired									227,754
Accounts payable									(5,358)
Accrued expenses									(7,173)
Deferred tax liability									(18,245)
Deferred revenue									(930)
Other non-current liabilities									(64)
Total liabilities assumed									(31,770)
Total net assets acquired								$	195,984

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


													Amortization
								Amount			Useful Life in Years		Method
Customer list								$	95,000		12		Accelerated
Proprietary technology									18,000		5		Straight-line
Trade names and domains									4,700		6		Straight-line
Total								$	117,700