Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.19.3
Segment Information (Tables)
9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
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
 
Nine Months Ended
 
 
September 30,
 
September 30,
 
 
2019
 
2018
 
2019
 
2018
Envestnet Wealth Solutions
 
$
17,746

 
$
16,549

 
$
46,969

 
$
48,769

Envestnet Data & Analytics
 
(7,112
)
 
(1,103
)
 
(24,000
)
 
(8,808
)
Nonsegment operating expenses
 
(10,762
)
 
(12,051
)
 
(52,091
)
 
(37,299
)
Income (loss) from operations
 
(128
)
 
3,395

 
(29,122
)
 
2,662

Other expense, net
 
(9,813
)
 
(6,118
)
 
(23,088
)
 
(16,802
)
Consolidated loss before income tax benefit
 
(9,941
)

(2,723
)

(52,210
)

(14,140
)
Income tax benefit
 
(6,977
)
 
(5,234
)
 
(31,591
)
 
(18,662
)
Consolidated net income (loss)
 
(2,964
)
 
2,511

 
(20,619
)

4,522

Add: Net (income) loss attributable to non-controlling interest
 
(116
)
 
443

 
247

 
1,010

Consolidated net income (loss) attributable to Envestnet, Inc.
 
$
(3,080
)

$
2,954


$
(20,372
)

$
5,532


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:
 
 
September 30,
 
December 31,
 
 
2019
 
2018
Segment assets:
 
 
 
 
Envestnet Wealth Solutions
 
$
1,256,574

 
$
810,971

Envestnet Data & Analytics
 
530,562

 
502,776

Consolidated total assets
 
$
1,787,136

 
$
1,313,747

 
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
 
 
2019
 
2018
 
2019
 
2018
Segment depreciation and amortization:
 
 
 
 
 
 
 
 
Envestnet Wealth Solutions
 
$
18,414

 
$
11,421

 
$
46,057

 
$
33,920

Envestnet Data & Analytics
 
8,321

 
8,142

 
27,110

 
24,374

Consolidated depreciation and amortization
 
$
26,735


$
19,563


$
73,167

 
$
58,294

 
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
 
 
2019
 
2018
 
2019
 
2018
Segment capital expenditures:
 
 
 
 
 
 
 
 
Envestnet Wealth Solutions
 
$
12,926

 
$
11,320

 
$
33,791

 
$
27,856

Envestnet Data & Analytics
 
2,423

 
3,188

 
5,956

 
6,843

Consolidated capital expenditures
 
$
15,349

 
$
14,508


$
39,747

 
$
34,699