Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.10.0.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 203,156 $ 175,614 $ 602,283 $ 500,817
Operating expenses:        
Cost of revenues 64,964 56,070 195,525 161,031
Compensation and benefits 80,424 68,551 244,174 199,079
General and administration 34,810 31,153 101,628 90,178
Depreciation and amortization 19,563 15,492 58,294 46,792
Total operating expenses 199,761 171,266 599,621 497,080
Income from operations 3,395 4,348 2,662 3,737
Other expense, net (6,118) (3,986) (16,802) (13,838)
Income (loss) before income tax provision (benefit) (2,723) 362 (14,140) (10,101)
Income tax provision (benefit) (5,234) 1,682 (18,662) 10,824
Net income (loss) 2,511 (1,320) 4,522 (20,925)
Add: Net loss attributable to non-controlling interest 443 0 1,010 0
Net income (loss) attributable to Envestnet, Inc. $ 2,954 $ (1,320) $ 5,532 $ (20,925)
Net income (loss) per share attributable to Envestnet, Inc.:        
Basic (in dollars per share) $ 0.06 $ (0.03) $ 0.12 $ (0.48)
Diluted (in dollars per share) $ 0.06 $ (0.03) $ 0.12 $ (0.48)
Weighted average common shares outstanding:        
Basic (in shares) 45,475,884 44,044,527 45,087,932 43,604,869
Diluted (in shares) 47,519,160 44,044,527 47,269,479 43,604,869
Recurring        
Revenues:        
Total revenues $ 195,291 $ 169,110 $ 576,029 $ 479,943
Asset-based        
Revenues:        
Total revenues 119,097 106,147 358,361 299,268
Operating expenses:        
Cost of revenues 57,932 50,597 172,252 142,097
Subscription-based        
Revenues:        
Total revenues 76,194 62,963 217,668 180,675
Operating expenses:        
Cost of revenues 6,626 5,076 18,065 14,832
Professional services and other revenues        
Revenues:        
Total revenues 7,865 6,504 26,254 20,874
Operating expenses:        
Cost of revenues $ 406 $ 397 $ 5,208 $ 4,102