| Schedule of disaggregation of revenue by major source |
The following table presents the Company’s revenues disaggregated by major source:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
2019 |
|
2018 |
|
|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
Asset-based |
|
$ |
120,070 |
|
|
$ |
— |
|
|
$ |
120,070 |
|
|
$ |
118,111 |
|
|
$ |
— |
|
|
$ |
118,111 |
|
Subscription-based |
|
50,078 |
|
|
42,180 |
|
|
92,258 |
|
|
33,023 |
|
|
38,756 |
|
|
71,779 |
|
Total recurring revenues |
|
170,148 |
|
|
42,180 |
|
|
212,328 |
|
|
151,134 |
|
|
38,756 |
|
|
189,890 |
|
Professional services and other revenues |
|
6,742 |
|
|
5,375 |
|
|
12,117 |
|
|
5,794 |
|
|
5,432 |
|
|
11,226 |
|
Total revenues |
|
$ |
176,890 |
|
|
$ |
47,555 |
|
|
$ |
224,445 |
|
|
$ |
156,928 |
|
|
$ |
44,188 |
|
|
$ |
201,116 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
|
2019 |
|
2018 |
|
|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
Asset-based |
|
$ |
229,004 |
|
|
$ |
— |
|
|
$ |
229,004 |
|
|
$ |
239,264 |
|
|
$ |
— |
|
|
$ |
239,264 |
|
Subscription-based |
|
91,104 |
|
|
84,241 |
|
|
175,345 |
|
|
65,608 |
|
|
75,866 |
|
|
141,474 |
|
Total recurring revenues |
|
320,108 |
|
|
84,241 |
|
|
404,349 |
|
|
304,872 |
|
|
75,866 |
|
|
380,738 |
|
Professional services and other revenues |
|
9,487 |
|
|
10,275 |
|
|
19,762 |
|
|
8,044 |
|
|
10,345 |
|
|
18,389 |
|
Total revenues |
|
$ |
329,595 |
|
|
$ |
94,516 |
|
|
$ |
424,111 |
|
|
$ |
312,916 |
|
|
$ |
86,211 |
|
|
$ |
399,127 |
|
|
| Schedule of disaggregation of revenue by geography |
The following table presents the Company’s revenues disaggregated by geography, based on the billing address of the customer:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Six Months Ended |
|
|
June 30, |
|
June 30, |
|
|
2019 |
|
2018 |
|
2019 |
|
2018 |
United States |
|
$ |
217,462 |
|
|
$ |
193,237 |
|
|
$ |
409,581 |
|
|
$ |
381,552 |
|
International (1)
|
|
6,983 |
|
|
7,879 |
|
|
14,530 |
|
|
17,575 |
|
Total |
|
$ |
224,445 |
|
|
$ |
201,116 |
|
|
$ |
424,111 |
|
|
$ |
399,127 |
|
|
|
(1) |
No foreign country accounted for more than 10% of the Company's total revenues. |
|
| Schedule of estimated revenue expected to be recognized in the future |
The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2019:
|
|
|
|
|
|
Years ending December 31, |
|
|
|
Remainder of 2019 |
|
$ |
122,303 |
|
2020 |
|
171,252 |
|
2021 |
|
106,389 |
|
2022 |
|
70,046 |
|
2023 |
|
32,354 |
|
Thereafter |
|
41,237 |
|
Total |
|
$ |
543,581 |
|
|