Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.23.3
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2023
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 consolidated net income (loss) attributable to Envestnet, Inc.:

  Three Months Ended Nine Months Ended
  September 30, September 30,
  2023 2022 2023 2022
(in thousands)
Envestnet Wealth Solutions $ 31,392  $ 20,607  $ 78,254  $ 49,844 
Envestnet Data & Analytics (9,115) 74  (27,888) (9,218)
Nonsegment operating expenses (21,676) (21,727) (76,134) (80,116)
Income (loss) from operations 601  (1,046) (25,768) (39,490)
Other expense, net (4,369) (5,346) (19,706) (9,691)
Consolidated loss before income tax provision (benefit) (3,768) (6,392) (45,474) (49,181)
Income tax provision (benefit) (8,824) 2,271  15,363  (1,542)
Consolidated net income (loss)
 5,056  (8,663) (60,837) (47,639)
Add: Net loss attributable to non-controlling interest 2,035  1,373  5,284  3,205 
Consolidated net income (loss) attributable to Envestnet, Inc.
 $ 7,091  $ (7,290) $ (55,553) $ (44,434)
Schedule of Consolidated Total Assets
The following table presents a summary of consolidated total assets by segment:

  September 30, December 31,
  2023 2022
(in thousands)
Envestnet Wealth Solutions $ 1,456,849  $ 1,503,646 
Envestnet Data & Analytics 574,040  608,519 
Consolidated total assets $ 2,030,889  $ 2,112,165