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
Income Statement
(USD in thousand)
Selected Year:
31-Dec
2020
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
54.2% —
Fees from assets under management or administration
42.7% —
Subscription-based revenue
3.1% —
Professional services and other revenue
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fees from assets under management or administration | 410,016 | 481,233 | 484,312 | 540,947 | 540,947 | 584,584 | |||||||||
| Subscription-based revenue | 245,867 | 295,467 | 378,813 | 426,507 | 426,507 | 436,320 | |||||||||
| Subscription and licensing | - | - | - | - | - | - | |||||||||
| Licensing and professional services | - | - | - | - | - | - | |||||||||
| Professional services and other revenue | 27,796 | 35,663 | 37,002 | 30,776 | 30,776 | 34,372 | |||||||||
| Total recurring revenues | 655,883 | 776,700 | 863,125 | 967,454 | 967,454 | 1,020,904 | |||||||||
| Professional services revenue | - | - | - | - | - | - | |||||||||
| Total Revenue | $683,679 | $812,363 | $900,127 | $998,230 | $998,230 | $1,055,276 |
Selected Year:
31-Dec
2020
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
98.1%
40.0% —
Employee compensation and benefits
30.6% —
Cost of revenue
16.1% —
General and administrative
11.4% —
Depreciation and amortization
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Cost of revenue
|
219,037 | 263,400 | 278,811 | 305,929 | 305,929 | 334,408 | |||||||||
|
Employee compensation and benefits
|
264,392 | 317,188 | 383,554 | 398,970 | 398,970 | 394,188 | |||||||||
|
General and administrative
|
121,010 | 139,984 | 152,564 | 160,229 | 160,229 | 166,768 | |||||||||
|
Depreciation and amortization
|
62,820 | 77,626 | 101,271 | 113,661 | 113,661 | 114,336 | |||||||||
|
Restructuring
|
- | - | - | - | - | - | |||||||||
|
Other expenses
|
- | - | - | - | - | - | |||||||||
|
Total operating expenses
|
667,259 | 798,198 | 916,200 | 978,789 | 978,789 | 1,009,700 |
Selected Year:
31-Dec
2020
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
1.9%
1.9% —
Operating Income
Key metric that shows earnings potential of the company's business model
Selected Year:
31-Dec
2020
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.3%
0.3% —
Other expense or income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (Gain) loss on investments | - | - | - | - | - | - | |||||||||
| Unrealized gain (loss) on investments | - | - | - | - | - | - | |||||||||
| Impairment of investments | - | - | - | - | - | - | |||||||||
| Other expense or income | - | (487) | (2,849) | 2,906 | 2,906 | - | |||||||||
| Other expense net | (1,963) | (487) | (2,849) | - | - | - | |||||||||
| Other income | - | - | - | - | - | - | |||||||||
| Total non-operating income (expense) | (1,963) | (487) | (2,849) | 2,906 | 2,906 | - |
Selected Year:
31-Dec
2020
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
2.2%
2.2% —
EBIT
Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
31-Dec
2020
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
2.5%
0.5% —
Income tax expense or benefit
0.1% —
Interest income
3.2% —
Interest expense
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Interest expense
|
(16,347) | (25,203) | (32,520) | (31,504) | (31,504) | - | |||||||||
|
Interest income
|
201 | 2,363 | 3,347 | 1,112 | 1,112 | - | |||||||||
|
Total other expense or income
|
(18,109) | (23,327) | (32,022) | (27,486) | (27,486) | - | |||||||||
|
Income before income taxes
|
(1,689) | (9,162) | (48,095) | (8,045) | (8,045) | 9,816 | |||||||||
|
Income tax expense or benefit
|
1,591 | (13,172) | (30,893) | (5,401) | (5,401) | (20,960) |
Selected Year:
31-Dec
2020
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
0.3%
0.3% —
Net income (loss)
It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Net income (loss)
|
($3,280) | $4,010 | ($17,202) | ($2,644) | ($2,644) | $30,776 | |||||||||
|
Net income (loss) attributable to non-controlling interests
Net income (loss) attributable to non-controlling interests
|
- | 1,745 | 420 | (466) | (466) | (1,816) | |||||||||
|
Net income (loss) attributable to Company
|
(3,280) | 5,755 | (16,782) | (3,110) | (3,110) | 28,960 | |||||||||
|
Net income (loss) and comprehensive income (loss)
|
- | - | - | - | - | - | |||||||||
|
Preferred stock dividends
|
- | - | - | - | - | - | |||||||||
|
Net income (loss) attributable to common stock
|
- | - | - | - | - | - | |||||||||
|
Net income (loss) attributable to participating preferred stock
Net income (loss) attributable to participating preferred stock
|
- | - | - | - | - | - |
Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Selected Year:
31-Dec
2020
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)