Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.23.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Schedule of Income (Loss) from Operations by Segment
The following table presents a reconciliation from net income (loss) from operations by segment to consolidated net loss attributable to Envestnet, Inc.:
  Three Months Ended
  March 31,
  2023 2022
(in thousands)
Envestnet Wealth Solutions $ 23,463  $ 25,269 
Envestnet Data & Analytics (7,780) (5,587)
Nonsegment operating expenses (26,740) (26,403)
Loss from operations (11,057) (6,721)
Other expense, net (7,935) (5,967)
Consolidated loss before income tax provision (18,992) (12,688)
Income tax provision 23,769  2,020 
Consolidated net loss (42,761) (14,708)
Add: Net loss attributable to non-controlling interest 1,533  849 
Consolidated net loss attributable to Envestnet, Inc. $ (41,228) $ (13,859)
Schedule of Consolidated Total Assets
The following table presents a summary of consolidated total assets by segment:

  March 31, December 31,
  2023 2022
(in thousands)
Envestnet Wealth Solutions $ 1,477,230  $ 1,503,646 
Envestnet Data & Analytics 579,227  608,519 
Consolidated total assets $ 2,056,457  $ 2,112,165