| Schedule of income (loss) from operations by segment |
The following table presents a reconciliation from income (loss) from operations by segment to condensed consolidated net income (loss) attributable to Envestnet, Inc.:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Six Months Ended |
|
|
June 30, |
|
June 30, |
|
|
2019 |
|
2018 |
|
2019 |
|
2018 |
Envestnet Wealth Solutions |
|
$ |
12,379 |
|
|
$ |
16,359 |
|
|
$ |
29,223 |
|
|
$ |
32,220 |
|
Envestnet Data & Analytics |
|
(8,960 |
) |
|
(3,296 |
) |
|
(16,888 |
) |
|
(7,705 |
) |
Total segment income from operations |
|
3,419 |
|
|
13,063 |
|
|
12,335 |
|
|
24,515 |
|
Nonsegment operating expenses |
|
(23,676 |
) |
|
(13,058 |
) |
|
(41,329 |
) |
|
(25,248 |
) |
Other expense, net |
|
(7,512 |
) |
|
(5,430 |
) |
|
(13,275 |
) |
|
(10,684 |
) |
Consolidated loss before income tax provision (benefit) |
|
(27,769 |
) |
|
(5,425 |
) |
|
(42,269 |
) |
|
(11,417 |
) |
Income tax provision (benefit) |
|
(28,382 |
) |
|
566 |
|
|
(24,614 |
) |
|
(13,428 |
) |
Consolidated net income (loss) |
|
613 |
|
|
(5,991 |
) |
|
(17,655 |
) |
|
2,011 |
|
Add: Net loss attributable to non-controlling interest |
|
280 |
|
|
465 |
|
|
363 |
|
|
567 |
|
Consolidated net income (loss) attributable to Envestnet, Inc. |
|
$ |
893 |
|
|
$ |
(5,526 |
) |
|
$ |
(17,292 |
) |
|
$ |
2,578 |
|
|
| Summary of consolidated total assets, consolidated depreciation and amortization and consolidated capital expenditures |
A summary of consolidated total assets, consolidated depreciation and amortization and consolidated capital expenditures follows:
|
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
December 31, |
|
|
2019 |
|
2018 |
Segment assets: |
|
|
|
|
Envestnet Wealth Solutions |
|
$ |
1,279,408 |
|
|
$ |
810,971 |
|
Envestnet Data & Analytics |
|
532,932 |
|
|
502,776 |
|
Consolidated total assets |
|
$ |
1,812,340 |
|
|
$ |
1,313,747 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Six Months Ended |
|
|
June 30, |
|
June 30, |
|
|
2019 |
|
2018 |
|
2019 |
|
2018 |
Segment depreciation and amortization: |
|
|
|
|
|
|
|
|
Envestnet Wealth Solutions |
|
$ |
16,376 |
|
|
$ |
11,026 |
|
|
$ |
27,643 |
|
|
$ |
22,499 |
|
Envestnet Data & Analytics |
|
10,539 |
|
|
8,159 |
|
|
18,789 |
|
|
16,232 |
|
Consolidated depreciation and amortization |
|
$ |
26,915 |
|
|
$ |
19,185 |
|
|
$ |
46,432 |
|
|
$ |
38,731 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Six Months Ended |
|
|
June 30, |
|
June 30, |
|
|
2019 |
|
2018 |
|
2019 |
|
2018 |
Segment capital expenditures: |
|
|
|
|
|
|
|
|
Envestnet Wealth Solutions |
|
$ |
10,027 |
|
|
$ |
8,344 |
|
|
$ |
20,865 |
|
|
$ |
16,536 |
|
Envestnet Data & Analytics |
|
1,939 |
|
|
2,260 |
|
|
3,533 |
|
|
3,655 |
|
Consolidated capital expenditures |
|
$ |
11,966 |
|
|
$ |
10,604 |
|
|
$ |
24,398 |
|
|
$ |
20,191 |
|
|