Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 43,211 $ 162,173
Fees receivable, net 110,643 101,696
Prepaid expenses and other current assets 49,299 41,363
Total current assets 203,153 305,232
Property and equipment, net 65,785 62,443
Internally developed software, net 217,411 184,558
Intangible assets, net 346,211 379,995
Goodwill 998,381 998,414
Operating lease right-of-use assets, net 72,929 81,596
Other assets 127,019 99,927
Total assets 2,030,889 2,112,165
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 224,385 233,866
Operating lease liabilities 13,297 11,949
Deferred revenue 32,563 36,363
Current portion of debt 0 44,886
Total current liabilities 270,245 327,064
Debt 875,390 871,769
Operating lease liabilities, net of current portion 102,717 110,652
Deferred tax liabilities, net 14,598 16,196
Other liabilities 16,138 18,880
Total liabilities 1,279,088 1,344,561
Commitments and contingencies (note 19)
Stockholders' equity    
Preferred stock, par value $0.005, 50,000,000 shares authorized; no shares issued and outstanding as of September 30, 2023 and December 31, 2022 0 0
Common stock, par value $0.005, 500,000,000 shares authorized; 70,950,023 and 70,025,733 shares issued as of September 30, 2023 and December 31, 2022, respectively; 54,648,721 and 54,013,826 shares outstanding as of September 30, 2023 and December 31, 2022, respectively 354 350
Treasury stock at cost, 16,301,302 and 16,011,907 shares as of September 30, 2023 and December 31, 2022, respectively (270,555) (253,551)
Additional paid-in capital 1,193,036 1,135,284
Accumulated deficit (174,480) (118,927)
Accumulated other comprehensive loss (4,559) (8,589)
Total stockholders’ equity, attributable to Envestnet, Inc. 743,796 754,567
Non-controlling interest 8,005 13,037
Total equity 751,801 767,604
Total liabilities and equity $ 2,030,889 $ 2,112,165