Company name:
Envestnet Inc
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IPO SHARE PRICE:$9.00
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IPO DATE:29 July 2010
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TICKER:ENV
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MAIN STOCK EXCHANGE:New York Stock Exchange
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CURRENT HQ LOCATION:35 East Wacker Drive Suite 2400 Chicago Illinois 60601
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Envestnet Inc
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Balance Sheet
(USD in thousand)
17.9%
3.7%
Selected Year:
31-Dec
2020
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
23.6%
17.9% —
Cash and cash equivalents
3.7% —
Fees receivable
1.9% —
Prepaid expenses and other current assets
Liquidity
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The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
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$60,115 | $289,345 | $82,505 | $384,565 | ||||||||
| Fees receivable | 51,522 | 68,004 | 67,815 | 80,064 | ||||||||
| Fees and other receivables | - | - | - | - | ||||||||
| Notes receivable including affiliate | - | - | - | - | ||||||||
| Deferred tax assets | - | - | - | - | ||||||||
| Prepaid expenses and other current assets | 19,470 | 23,557 | 32,183 | 40,570 | ||||||||
| Total current assets | $131,107 | $380,906 | $182,503 | $505,199 |
4.5%
4.9%
20.3%
42.3%
Selected Year:
31-Dec
2020
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
76.4%
42.3% —
Goodwill
20.3% —
Intangible assets
4.9% —
Operating lease - right-of-use assets
4.5% —
Internally developed (capitalized) software
2.2% —
Property and equipment net
2.2% —
Other non-current assets
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| Property and equipment net | 35,909 | 44,991 | 53,756 | 47,969 | ||||||||
| Internally developed (capitalized) software | 22,174 | 38,209 | 60,263 | 96,501 | ||||||||
| Notes receivable including affiliate and officer | - | - | - | - | ||||||||
| Operating lease - right-of-use assets | - | - | 82,796 | 105,249 | ||||||||
| Deferred tax assets | - | - | - | - | ||||||||
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Intangible assets
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222,731 | 305,241 | 505,589 | 435,041 | ||||||||
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Goodwill
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432,955 | 519,102 | 879,850 | 906,773 | ||||||||
| Customer incentives | - | - | - | - | ||||||||
| Other non-current assets | 17,176 | 25,298 | 37,127 | 47,558 | ||||||||
| Total non-current assets | 730,945 | 932,841 | 1,619,381 | 1,639,091 |
| Total assets | $862,052 | $1,313,747 | $1,801,884 | $2,144,290 |
7.4%
35.3%
5.2%
54.4%
Selected Year:
31-Dec
2020
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
11.0%
7.4% —
Accrued expenses and other current liabilities
1.6% —
Current portion of deferred revenue
0.8% —
Accounts payable
0.6% —
Current portion of Operating leases
0.5% —
Current portion of Contingent consideration
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| Accounts payable | $11,097 | $19,567 | $17,277 | $18,003 | ||||||||
| Customer incentive payable | - | - | - | - | ||||||||
| Accrued expenses | - | - | - | - | ||||||||
| Accrued expenses and other current liabilities | 105,897 | 133,298 | 137,944 | 158,548 | ||||||||
| Current portion of deferred revenue | 21,246 | 23,988 | 34,753 | 34,918 | ||||||||
| Current portion of Contingent consideration | 2,115 | 732 | - | 11,251 | ||||||||
| Current portion of notes payable | - | - | - | - | ||||||||
| Convertible notes due 2019 | - | 165,711 | - | - | ||||||||
| Current debt | - | - | - | - | ||||||||
| Current portion of Operating leases | - | - | 13,816 | 13,649 | ||||||||
| Total current liabilities | $140,355 | $343,296 | $203,790 | $236,369 |
Selected Year:
31-Dec
2020
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
43.5%
35.3% —
Convertible notes
5.2% —
Operating leases
1.6% —
Deferred tax liability
1.2% —
Other non-current liabilities
0.1% —
Deferred revenue
0.1% —
Contingent consideration
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| Deferred revenue | 12,047 | 6,910 | 5,754 | 1,813 | ||||||||
| Contingent consideration | 666 | - | 9,045 | 1,308 | ||||||||
| Deferred tax liability | 969 | 640 | 29,481 | 34,740 | ||||||||
| Deferred rent | - | - | - | - | ||||||||
| Deferred rent and lease incentive | 15,185 | 17,569 | - | - | ||||||||
| Lease incentive liability | - | - | - | - | ||||||||
| Notes payable | - | - | - | - | ||||||||
| Customer incentive payable | - | - | - | - | ||||||||
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Borrowings under Revolving Credit Facility
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81,168 | - | 260,000 | - | ||||||||
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Term note
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- | - | - | - | ||||||||
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Convertible notes
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- | - | 305,513 | 756,503 | ||||||||
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Convertible notes due 2019
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158,990 | - | - | - | ||||||||
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Convertible notes due 2023
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- | 294,725 | 305,513 | - | ||||||||
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Operating leases
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- | - | 88,365 | 112,182 | ||||||||
| Other non-current liabilities | 15,102 | 18,005 | 32,360 | 25,557 | ||||||||
| Total long-term liabilities | $284,127 | $337,849 | $730,518 | $932,103 |
| Total Liabilities | $424,482 | $681,145 | $934,308 | $1,168,472 |
Selected Year:
31-Dec
2020
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
45.5%
54.4% —
Additional paid-in capital
0.0% —
Common stock
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| Non-controlling interest | $398 | ($1,098) | ($1,518) | ($519) | ||||||||
| Redeemable units in ERS LLC | 900 | - | - | - | ||||||||
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Preferred Stock
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- | - | - | - | ||||||||
| Common stock | 287 | 306 | 331 | 339 | ||||||||
| Treasury Stock | - | - | (90,965) | - | ||||||||
| Treasury Stock at cost | (47,042) | (67,858) | (90,965) | (110,466) | ||||||||
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Accumulated deficit
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(73,854) | (58,882) | (75,664) | (79,912) | ||||||||
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Additional paid-in capital
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556,257 | 761,128 | 1,037,141 | 1,166,774 | ||||||||
| Accumulated other comprehensive income | - | - | - | - | ||||||||
| Accumulated other comprehensive (loss) income | 624 | - | - | - | ||||||||
| Accumulated other comprehensive loss | - | (994) | (1,749) | (398) | ||||||||
| Total Equity | $436,272 | $633,700 | $869,094 | $976,337 |
| Total Liabilities and Equity | $862,052 | $1,313,747 | $1,801,884 | $2,144,290 |