Envestnet, Inc (ENV) Financial Statements (2024 and earlier)

Company Profile

Business Address 1000 CHESTERBROOK BOULEVARD
BERWYN, PA 19312
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments162,173429,279384,56582,505289,34560,115
Cash and cash equivalents162,173429,279384,56582,505289,34560,115
Receivables104,21196,60181,74869,73468,00453,206
Prepaid expense16,16616,01712,7218,8769,49011,239
Other undisclosed current assets22,68225,37926,16521,38814,0676,547
Total current assets:305,232567,276505,199182,503380,906131,107
Noncurrent Assets
Operating lease, right-of-use asset81,59690,714105,24982,796
Property, plant and equipment   47,96953,75644,99135,909
Long-term investments and receivables 37,40018,60015,318   
Long-term investments 37,40018,60015,318   
Intangible assets, net (including goodwill)1,378,4091,325,5501,341,8141,385,439824,343655,686
Goodwill998,414925,154906,773879,850519,102432,955
Intangible assets, net (excluding goodwill)379,995400,396435,041505,589305,241222,731
Other noncurrent assets99,92773,76847,55837,12725,29817,176
Other undisclosed noncurrent assets209,601165,27481,18360,26338,20922,174
Total noncurrent assets:1,806,9331,673,9061,639,0911,619,381932,841730,945
TOTAL ASSETS:2,112,1652,241,1822,144,2901,801,8841,313,747862,052
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities233,866243,508176,551155,221152,865116,994
Accounts payable17,33419,09218,00317,27719,56711,097
Accrued liabilities216,532224,416158,548137,944133,298105,897
Deferred revenue36,36333,47334,91834,753
Debt 44,886  13,816165,711 
Business combination, contingent consideration, liability  74311,251 7322,115
Deferred revenue and credits21,246
Other undisclosed current liabilities11,94910,99913,649 23,988 
Total current liabilities:327,064288,723236,369203,790343,296140,355
Noncurrent Liabilities
Long-term debt and lease obligation 105,920868,685393,878 158,990
Long-term debt, excluding current maturities  756,503305,513 158,990
Liabilities, other than long-term debt145,72838,13563,41876,64035,57443,969
Deferred revenue and credits17,56927,232
Deferred revenue   1,8135,754
Deferred tax liabilities, net 969
Deferred income tax liabilities16,19621,02134,74029,481
Other liabilities18,88017,11425,55732,36018,00515,102
Operating lease, liability110,652105,920112,18288,365
Business combination, contingent consideration, liability   1,3089,045 666
Other undisclosed noncurrent liabilities 871,769848,862 260,000302,27581,168
Total noncurrent liabilities:1,017,497992,917932,103730,518337,849284,127
Total liabilities:1,344,5611,281,6401,168,472934,308681,145424,482
Temporary equity, carrying amount      900
Equity
Equity, attributable to parent754,567957,089976,337869,094633,700436,272
Common stock350344339331306287
Treasury stock, value(253,551)(134,996)(110,466)(90,965)(67,858)(47,042)
Additional paid in capital1,135,2841,131,6281,166,7741,037,141761,128556,257
Accumulated other comprehensive income (loss)(8,589)(1,899)(398)(1,749)(994)624
Accumulated deficit(118,927)(37,988)(79,912)(75,664)(58,882)(73,854)
Equity, attributable to noncontrolling interest13,0372,453(519)(1,518)(1,098)398
Total equity:767,604959,542975,818867,576632,602436,670
TOTAL LIABILITIES AND EQUITY:2,112,1652,241,1822,144,2901,801,8841,313,747862,052

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,239,7841,186,517998,230900,127812,363683,679
Revenue, net245,867
Cost of revenue(1,041,587)(950,492)(305,929)(278,811)(263,400)(219,037)
Cost of goods and services sold(468,460)(423,723)   (219,037)
Gross profit:198,197236,025692,301621,316548,963464,642
Operating expenses(264,221)(195,484)(160,229)(152,564)(139,984)(121,010)
Other undisclosed operating loss   (512,631)(484,825)(394,814)(327,212)
Operating income (loss):(66,024)40,54119,441(16,073)14,16516,420
Nonoperating expense(12,395)(20,180)(27,486)(32,022)(23,327)(18,109)
Investment income, nonoperating 4,1848271,1123,3472,363201
Other nonoperating income (expense)264(4,076)2,906(2,849)(487)(1,963)
Interest and debt expense(16,843)(16,931)(31,504)(32,520)(25,203)(16,347)
Income (loss) from continuing operations before equity method investments, income taxes:(95,262)3,430(39,549)(80,615)(34,365)(18,036)
Other undisclosed income from continuing operations before income taxes16,84316,93131,50432,52025,20316,347
Income (loss) from continuing operations before income taxes:(78,419)20,361(8,045)(48,095)(9,162)(1,689)
Income tax expense (benefit)(7,061)(7,667)5,40130,89313,172(1,591)
Income (loss) from continuing operations:(85,480)12,694(2,644)(17,202)4,010(3,280)
Income (loss) before gain (loss) on sale of properties:12,694(2,644)(17,202)4,010(3,280)
Net income (loss):(85,480)12,694(2,644)(17,202)4,010(3,280)
Net income (loss) attributable to noncontrolling interest4,541602(466)4201,745 
Net income (loss) available to common stockholders, basic:(80,939)13,296(3,110)(16,782)5,755(3,280)
Dilutive securities, effect on basic earnings per share (9,524)     
Other undisclosed net loss available to common stockholders, diluted      
Net income (loss) available to common stockholders, diluted:(90,463)13,296(3,110)(16,782)5,755(3,280)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(85,480)12,694(2,644)(17,202)4,010(3,280)
Comprehensive income (loss):(85,480)12,694(2,644)(17,202)4,010(3,280)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest4,541602(466)4201,745 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(6,690)(1,501)1,351(755)(1,618)1,046
Comprehensive income (loss), net of tax, attributable to parent:(87,629)11,795(1,759)(17,537)4,137(2,234)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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