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, | | | 2022 | | 2021 | | 2022 | | 2021 | | | | | | | | | | | | (in thousands) | Envestnet Wealth Solutions | | $ | 20,607 | | | $ | 34,386 | | | $ | 49,844 | | | $ | 101,042 | | Envestnet Data & Analytics | | 74 | | | 1,265 | | | (9,218) | | | 3,896 | | Nonsegment operating expenses | | (21,727) | | | (21,516) | | | (80,116) | | | (63,057) | | Income (loss) from operations | | (1,046) | | | 14,135 | | | (39,490) | | | 41,881 | | Other expense, net | | (5,346) | | | (3,551) | | | (9,691) | | | (14,803) | | Consolidated income (loss) before income tax benefit | | (6,392) | | | 10,584 | | | (49,181) | | | 27,078 | | Income tax provision (benefit) | | 2,271 | | | (854) | | | (1,542) | | | 9,074 | | Consolidated net income (loss) | | (8,663) | | | 11,438 | | | (47,639) | | | 18,004 | | Add: Net loss attributable to non-controlling interest | | 1,373 | | | 302 | | | 3,205 | | | 401 | | Consolidated net income (loss) attributable to Envestnet, Inc. | | $ | (7,290) | | | $ | 11,740 | | | $ | (44,434) | | | $ | 18,405 | |
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Schedule of Consolidated Total Assets |
A summary of consolidated total assets follows: | | | | | | | | | | | | | | | | | September 30, | | December 31, | | | 2022 | | 2021 | | | | | | | | (in thousands) | Envestnet Wealth Solutions | | $ | 1,558,756 | | | $ | 1,720,779 | | Envestnet Data & Analytics | | 644,465 | | | 520,403 | | Consolidated total assets | | $ | 2,203,221 | | | $ | 2,241,182 | |
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