Segment information (Tables)
|
6 Months Ended |
Jun. 30, 2018 |
|---|
| Segment Information |
|
| Schedule of revenue by segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
|
June 30,
|
|
June 30,
|
|
|
|
2018
|
|
2017
|
|
2018
|
|
2017
|
|
Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Envestnet
|
|
$
|
156,928
|
|
$
|
129,372
|
|
$
|
312,916
|
|
$
|
250,690
|
|
Envestnet | Yodlee
|
|
|
44,188
|
|
|
38,045
|
|
|
86,211
|
|
|
74,513
|
|
Consolidated revenue
|
|
$
|
201,116
|
|
$
|
167,417
|
|
$
|
399,127
|
|
$
|
325,203
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fidelity revenue as a percentage of Envestnet segment revenue:
|
|
|
21%
|
|
|
20%
|
|
|
21%
|
|
|
20%
|
|
| Schedule of income (loss) from operations by segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
June 30,
|
|
June 30,
|
|
|
2018
|
|
2017
|
|
2018
|
|
2017
|
|
Envestnet
|
$
|
16,359
|
|
$
|
15,811
|
|
$
|
32,220
|
|
$
|
29,322
|
|
Envestnet | Yodlee
|
|
(3,296)
|
|
|
(5,635)
|
|
|
(7,705)
|
|
|
(13,343)
|
|
Total segment income from operations
|
|
13,063
|
|
|
10,176
|
|
|
24,515
|
|
|
15,979
|
|
Nonsegment operating expenses
|
|
(13,058)
|
|
|
(7,433)
|
|
|
(25,248)
|
|
|
(16,590)
|
|
Other expense, net
|
|
(5,430)
|
|
|
(4,369)
|
|
|
(10,684)
|
|
|
(9,852)
|
|
Consolidated loss before income tax provision (benefit)
|
|
(5,425)
|
|
|
(1,626)
|
|
|
(11,417)
|
|
|
(10,463)
|
|
Income tax provision (benefit)
|
|
566
|
|
|
4,844
|
|
|
(13,428)
|
|
|
9,142
|
|
Consolidated net income (loss)
|
|
(5,991)
|
|
|
(6,470)
|
|
|
2,011
|
|
|
(19,605)
|
|
Add: Net loss attributable to non-controlling interest
|
|
465
|
|
|
—
|
|
|
567
|
|
|
—
|
|
Consolidated net income (loss) attributable to Envestnet, Inc.
|
$
|
(5,526)
|
|
$
|
(6,470)
|
|
$
|
2,578
|
|
$
|
(19,605)
|
|
| Summary of consolidated total assets, consolidated depreciation and amortization and consolidated capital expenditures |
|
|
|
|
|
|
|
|
|
June 30,
|
|
December 31,
|
|
|
2018
|
|
2017
|
|
Segment assets:
|
|
|
|
|
|
|
Envestnet
|
$
|
650,363
|
|
$
|
353,048
|
|
Envestnet | Yodlee
|
|
504,813
|
|
|
509,004
|
|
Consolidated total assets
|
$
|
1,155,176
|
|
$
|
862,052
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
June 30,
|
|
June 30,
|
|
|
2018
|
|
2017
|
|
2018
|
|
2017
|
|
Segment depreciation and amortization:
|
|
|
|
|
|
|
|
|
|
|
|
|
Envestnet
|
$
|
11,026
|
|
$
|
6,361
|
|
$
|
22,499
|
|
$
|
12,782
|
|
Envestnet | Yodlee
|
|
8,159
|
|
|
9,104
|
|
|
16,232
|
|
|
18,518
|
|
Consolidated depreciation and amortization
|
$
|
19,185
|
|
$
|
15,465
|
|
$
|
38,731
|
|
$
|
31,300
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
June 30,
|
|
June 30,
|
|
|
2018
|
|
2017
|
|
2018
|
|
2017
|
|
Segment capital expenditures:
|
|
|
|
|
|
|
|
|
|
|
|
|
Envestnet
|
$
|
8,344
|
|
$
|
7,580
|
|
$
|
16,536
|
|
$
|
12,931
|
|
Envestnet | Yodlee
|
|
2,260
|
|
|
1,154
|
|
|
3,655
|
|
|
1,901
|
|
Consolidated capital expenditures
|
$
|
10,604
|
|
$
|
8,734
|
|
$
|
20,191
|
|
$
|
14,832
|
|