Company name:

Envestnet Inc

  • IPO SHARE PRICE:
    $9.00
  • IPO DATE:
    July 29, 2010
  • TICKER:
    ENV
  • MAIN STOCK EXCHANGE:
    New York Stock Exchange
  • CURRENT HQ LOCATION:
    35 East Wacker Drive Suite 2400 Chicago Illinois 60601
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • 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

Statement of Cash Flow

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
50.2% - Depreciation and amortization
26.3% - Stock-based compensation
9.8% - Accrued expenses and other liabilities
8.2% - Non-cash interest expense
2.4% - (Income) loss from equity method investments
1.2% - (Recovery of) provision for doubtful accounts
1.2% - Impairment of right-of-use assets
0.7% - Accretion of contingent consideration and purchase liability
SOURCEs
50.2% 8.2% 9.8% 26.3%
100 %
0%
USES
75.0% 3.1% 6.6% 4.3%
6.6% - Fees receivable
4.3% - Prepaid expenses and other assets
3.1% - Release of uncertain tax positions
2.6% - Other liabilities
1.9% - (Gain) loss on acquisition of equity method investment
1.8% - Deferred revenue
1.4% - Change in fair value of contingent consideration
1.2% - Net income (loss)
0.9% - Other assets
0.8% - Deferred income taxes
0.3% - Other
0.1% - Accounts payable
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $4,010 ($17,202) ($2,644) ($2,644) $30,776
Depreciation and amortization
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 77,626 101,271 113,661 113,661 114,336
Amortization of deferred rent and lease incentive
$45,679
$45,679
-
-
-
-
-
-
-
-
 - - - - -
Amortization of customer incentives
$45,679
$45,679
$45,679
$45,679
-
-
-
-
-
-
 - - - - -
Stock-based compensation
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 40,245 60,444 59,637 59,637 55,664
(Recovery of) provision for doubtful accounts
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 1,618 2,855 2,817 2,817 1,976
Imputed interest expense
-
$45,679
-
$45,679
-
-
-
-
-
-
 - - - - -
Interest expense
$45,679
-
-
-
$45,679
$45,679
-
-
-
-
 - - - - -
Non-cash interest expense
-
-
$45,679
-
-
-
$45,679
$45,679
$45,679
$45,679
 14,534 19,246 18,515 18,515 25,040
Accretion of contingent consideration
-
-
-
-
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Accretion of contingent consideration and purchase liability Accretion of contingent consideration and purchase liability
-
-
-
-
-
-
-
$45,679
$45,679
$45,679
 222 1,772 1,688 1,688 1,520
Excess tax benefit related to stock-options compensation Excess tax benefit related to stock-options compensation
-
-
$45,679
$45,679
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Deferred income taxes
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (23,629) (39,630) (1,884) (1,884) (7,852)
Release of uncertain tax positions
-
-
-
-
-
-
-
-
-
-
 - - (7,101) (7,101) (28,404)
Deferred rent and lease incentive
-
-
$45,679
$45,679
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Deferred rent and lease incentive amortization
-
-
-
-
-
-
-
$45,679
$45,679
$45,679
 671 - - - -
(Income) loss from equity method investments
-
-
-
-
-
-
$45,679
$45,679
$45,679
$45,679
 1,146 2,361 5,399 5,399 4,476
Asset impairments
-
-
-
$45,679
$45,679
$45,679
-
-
-
-
 - - - - -
(Gain) loss on sale of fixed assets
-
-
-
-
-
-
$45,679
$45,679
$45,679
-
 - - - - -
Impairment of right-of-use assets
-
-
-
-
-
-
-
-
-
-
 - - 2,661 2,661 4,940
Gain on life insurance proceeds
-
-
-
-
-
-
-
-
-
$45,679
 - (5,000) - - -
Write-off of customer incentive asset
-
$45,679
-
-
-
-
-
-
-
-
 - - - - -
Impairment of customer incentive asset
-
-
$45,679
$45,679
-
-
-
-
-
-
 - - - - -
Contract settlement charges
-
$45,679
$45,679
$45,679
-
-
-
-
-
-
 - - - - -
Impairment of equity method investment
-
-
-
-
-
-
$45,679
$45,679
$45,679
-
 - - - - -
Impairment of investments
$45,679
$45,679
-
-
-
-
-
-
-
-
 - - - - -
(Gain) loss on acquisition of equity method investment (Gain) loss on acquisition of equity method investment
-
-
-
-
-
-
-
-
-
-
 - - (4,230) (4,230) -
(Gain) loss on investments
-
$45,679
$45,679
$45,679
-
-
-
-
-
-
 - - - - -
Unrealized (gain) loss on investments
$45,679
-
-
-
-
-
-
-
-
-
 - - - - -
Change in fair value of contingent consideration
-
-
-
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 - (8,126) (3,105) (3,105) (4,196)
Contingent consideration payments
-
-
-
-
-
-
-
-
$45,679
$45,679
 - (578) - - -
Fees and other receivables
-
-
-
-
-
$45,679
$45,679
$45,679
$45,679
-
 - - - - -
Fees receivable
$45,679
$45,679
$45,679
$45,679
$45,679
-
-
-
-
$45,679
 (12,890) 1,139 (15,055) (15,055) (16,920)
Prepaid expenses and other assets
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (887) (6,440) (9,666) (9,666) 5,892
Other assets
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (3,336) (5,234) (1,963) (1,963) (624)
Accounts payable
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 1,743 (2,863) (187) (187) (49,084)
Accrued expenses
$45,679
$45,679
$45,679
$45,679
$45,679
-
-
-
-
-
 - - - - -
Accrued expenses and other liabilities
-
-
-
-
-
$45,679
$45,679
$45,679
$45,679
$45,679
 12,939 (811) 22,109 22,109 74,864
Deferred revenue
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 345 727 (4,125) (4,125) (22,452)
Customer incentives
$45,679
$45,679
$45,679
$45,679
-
-
-
-
-
-
 - - - - -
Other
-
-
-
-
-
-
-
-
-
-
 - - (729) (729) (5,140)
Other liabilities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 3,028 4,795 (5,962) (5,962) (32,184)
Net cash provided by (used in) operating activities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $117,385 $108,726 $169,836 $169,836 $152,628
Selected Year:
31-Dec
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
2.8% - Other investing activities
SOURCEs
97.2%
100 %
0%
USES
11.7% 53.4% 19.7% 15.2%
53.4% - Internally-developed capitalized software
19.7% - Acquisition of business net of cash
15.2% - (Purchases) sale of investments in private companies
11.7% - (Purchase) sale of property and equipment
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Sale of investment securities
$45,679
$45,679
$45,679
-
-
-
-
-
-
-
 - - - - -
Purchases of non-marketable securities
$45,679
$45,679
-
-
-
-
-
-
-
-
 - - - - -
(Purchases) sale of investments in private companies
-
-
-
-
-
$45,679
$45,679
$45,679
$45,679
$45,679
 (1,200) (5,250) (15,640) (15,640) (7,060)
(Purchase) sale of property and equipment
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (20,524) (19,847) (12,088) (12,088) (13,056)
Internally-developed capitalized software
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (24,068) (34,096) (54,908) (54,908) (58,604)
Increase in notes receivable
$45,679
$45,679
$45,679
-
-
-
-
-
-
-
 - - - - -
Repayments of notes receivable
$45,679
$45,679
$45,679
-
-
-
-
-
-
-
 - - - - -
Purchase of ERS units
-
-
-
-
-
$45,679
$45,679
$45,679
-
-
 - - - - -
Acquisition of business net of cash
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (194,617) (320,915) (20,257) (20,257) -
Repayment of notes payable assumed in acquisition
-
$45,679
$45,679
$45,679
$45,679
-
-
-
-
-
 - - - - -
Proceeds from life insurance policy
-
-
-
-
-
-
-
-
-
$45,679
 - 5,000 - - -
Other investing activities
-
-
-
-
-
-
-
-
$45,679
$45,679
 (1,270) (600) 2,897 2,897 11,588
Net cash provided by (used in) investing activities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 ($241,679) ($375,708) ($99,996) ($99,996) ($67,132)
Selected Year:
31-Dec
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
13.2% - Borrowing under Revolving Credit Facility
3.2% - Issuance of common stock from exercise of stock options
0.6% - Issuance of convertible notes due 2025
0.6% - Issuance of Convertible Notes
0.6% - Repayment of convertible notes
0.2% - Capital contribution from non-controlling interest
0.0% - Issuance of restricted stock units
SOURCEs
81.7% 13.2% 3.2%
100 %
0%
USES
5.7% 4.3% 89.5%
89.5% - Repayment of Revolving Credit Facility
5.7% - Employee withholding taxes paid in lieu of shares issued for stock-based compensation
4.3% - Convertible notes issuance costs
0.6% - Payments of deferred consideration on prior acquisitions
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Issuance of common stock
$45,679
-
$45,679
-
-
-
-
-
-
-
 - - - - -
Issuance of common stock and warrants in private offering (placement) Issuance of common stock and warrants in private offering (placement)
-
-
-
-
-
-
-
-
$45,679
-
 122,704 - - - -
Issuance of preferred stock
$45,679
-
-
-
-
-
-
-
-
-
 - - - - -
Issuance of redeemable units in ERS
-
-
-
-
$45,679
$45,679
$45,679
$45,679
-
-
 - - - - -
Issuance of common stock from exercise of stock options Issuance of common stock from exercise of stock options
-
-
-
-
-
-
-
-
-
-
 5,305 10,592 10,760 10,760 10,828
Proceeds from issuance of common stock upon exercise of stock options Proceeds from issuance of common stock upon exercise of stock options
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 5,305 10,592 - - -
Issuance of restricted stock units
-
-
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
-
 4 5 4 4 4
Proceeds from exercise of warrants
$45,679
-
$45,679
$45,679
-
$45,679
-
-
-
-
 - - - - -
Borrowing under Revolving Credit Facility
-
-
-
-
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 195,000 345,000 45,000 45,000 -
Repayment of Revolving Credit Facility
-
-
-
-
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (276,168) (85,000) (305,000) (305,000) -
Repayment of term note
-
-
-
-
-
$45,679
$45,679
$45,679
$45,679
$45,679
 - - - - -
Issuance of term notes
-
-
-
-
-
$45,679
-
$45,679
-
-
 - - - - -
Issuance of Convertible Notes
-
-
-
-
$45,679
-
$45,679
-
$45,679
$45,679
 - 2,023 2,023 2,023 (8)
Issuance of convertible notes due 2025
-
-
-
-
-
-
-
-
-
-
 - 517,500 2,025 2,025 8,100
Repayment of convertible notes
-
-
-
-
-
-
-
-
-
$45,679
 (184,751) 2,019 2,019 2,019 8,076
Repayment of promissory note
-
-
-
-
$45,679
-
$45,679
-
-
-
 - - - - -
Convertible notes issuance costs
-
-
-
-
$45,679
-
$45,679
-
$45,679
-
 (9,982) - (14,540) (14,540) -
Revolving credit facility issuance costs
-
-
-
-
-
-
-
-
-
$45,679
 - (2,103) - - -
Debt issuance costs
-
-
-
-
-
-
-
$45,679
-
-
 - - - - -
Contingent consideration payment
-
-
-
-
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 (2,193) (171) - - -
Definite consideration payment
-
-
-
-
-
-
-
$45,679
-
$45,679
 - - - - -
Purchase consideration liabilities payments
-
-
-
-
-
-
$45,679
$45,679
$45,679
$45,679
 - - - - -
Payments of deferred consideration on prior acquisitions Payments of deferred consideration on prior acquisitions
-
-
-
-
-
-
-
-
-
-
 - - (1,879) (1,879) -
Employee withholding taxes paid in lieu of shares issued for stock-based compensation Employee withholding taxes paid in lieu of shares issued for stock-based compensation
-
-
-
-
-
-
-
-
-
-
 (20,816) (23,107) (19,501) (19,501) (12,872)
Purchase of treasury stock related to minimum tax withholdings on stock compensation Purchase of treasury stock related to minimum tax withholdings on stock compensation
-
-
-
-
-
$45,679
$45,679
-
-
-
 - - - - -
Repurchase of stock for tax withholdings
-
-
-
-
-
-
-
$45,679
$45,679
$45,679
 (20,816) (23,107) - - -
Excess tax benefit from stock-based compensation
-
-
$45,679
$45,679
$45,679
$45,679
$45,679
-
-
-
 - - - - -
Dividends on preferred stock
$45,679
-
$45,679
-
-
-
-
-
-
-
 - - - - -
Capital contribution from non-controlling interest
-
-
-
-
-
-
-
-
-
-
 - - 606 606 2,424
Stock repurchases
$45,679
$45,679
$45,679
$45,679
$45,679
-
-
-
-
-
 - - - - -
Repurchases of common stock
-
-
-
-
-
-
$45,679
-
$45,679
-
 - - - - -
Purchase of ERS units
-
-
-
-
-
-
-
-
$45,679
-
 (6,560) - - - -
Net cash provided by (used in) financing activities
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $352,294 $60,465 $232,950 $232,950 $384
Selected Year:
31-Dec
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
$301,959,000
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cash and equivalents - Beginning of period
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $62,263 $289,671 $82,755 - $1,452,264
Effect of changes in foreign exchange rates on cash
-
-
-
-
-
-
-
$45,679
$45,679
$45,679
 (592) (399) (831) - 712
(Decrease) increase in cash and cash equivalents
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 227,408 (206,916) 301,959 - 86,592
Cash and equivalents - End of period
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
$45,679
 $289,671 $82,755 $384,714 - $1,538,856