Envestnet, Inc. ENV Cash Flow

Envestnet, inc. (ENV)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
OPERATING ACTIVITIES:
Net loss
-17,202	4,010	-3,280	-55,567	4,436	13,979	3,660	465	7,605	-626	-872
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation, Depletion and Amortization
101,271	77,626	62,820	63,999	27,962	18,651	15,329	12,400	6,376	5,703	4,499
Deferred rent and lease incentive amortization
0	-671	-1,027	438	-1,819	-275	-483	1,389	332	58	544
Amortization of customer inducements
-	-	-	-	-	-	-	-	4,568	3,238	18
Provision for doubtful accounts
2,855	1,618	867	1,122	176	15	203	-	-	2,668	385
Impairments to long-lived assets
-	-	-	-	-	-	330	-	-	-	-
Deferred income taxes
-39,630	-23,629	-4,597	5,584	-10,508	-4,640	-2,546	83	2,162	1,215	1,572
Non-cash compensation expense
60,444	40,245	31,331	33,276	15,161	11,423	8,738	4,342	3,062	1,731	780
Non-cash interest expense
19,246	14,534	8,994	8,244	10,271	626	-	-	-	-	-
Excess tax benefits from stock-based compensation expense
-	-	-	-	-	8,848	3,579	1,549	-	-	-
Accretion on contingent consideration and purchase liability
1,772	222	512	150	888	1,472	787	3	786	-	-
Payments of contingent consideration
578	0	357	124	-	-	-	-	-	-	-
Loss allocation from equity method investment
-2,361	-1,146	-1,469	-1,420	-	-	-	-	-	-	-
Gain on life insurance proceeds
5,000	0	0	-	-	-	-	-	-	-	-
Fair market value adjustment to contingent consideration liability
-8,126	0	0	1,588	-4,153	-1,432	501	-	-	-	-
Equity Method Investment, Other than Temporary Impairment
-	-	-	734	-	-	-	-	-	-	-
Loss on disposal of fixed assets
-	-	-	-398	-	-	-	-	-	-	-
Loss on investments
-	-	-	-	-	-	-	-	-4	12	19
Impairment of investments
-	-	-	-	-	-	-	-	-	-	3,608
Impairment of customer inducement asset
-	-	-	-	-	-	-	-	174	-	-
Contract settlement charges
-	-	-	-	-	-	-	-	1,183	-	-
Interest expense
-	-	-	-	-	-	-	-	-	564	-
Changes in operating assets and liabilities, net of acquisitions:
Fees receivable, net
-1,139	12,890	8,121	-1,646	9,297	-1,788	9,566	-1,017	-1,940	3,718	1,338
Prepaid expenses and other current assets
6,440	887	787	2,861	-14,716	-9,733	1,075	-4,645	1,988	599	148
Other non-current assets
5,234	3,336	1,690	-1,473	6,025	873	1,444	181	978	52	-42
Customer inducements, net
-	-	-	-	-	-	-	-	1,000	11,300	150
Accrued expenses and other liabilities
-811	12,939	16,810	17,174	-13,653	9,784	12,389	3,100	802	2,437	38
Accounts payable
-2,863	1,743	-442	-462	3,128	-659	2,914	640	267	-185	-475
Deferred revenue
727	345	1,191	2,014	10,906	4,677	1,625	1,028	-507	208	-187
Other non-current liabilities
4,795	3,028	2,503	3,776	-3,792	26	1,074	1,166	-39	137	68
Net cash provided by (used in) operating activities
108,726	117,385	108,250	83,146	42,035	55,997	28,857	28,548	24,749	1,467	8,365
INVESTING ACTIVITIES:
Purchases of property and equipment
19,847	20,524	14,945	13,967	9,184	6,177	6,125	4,838	4,798	4,169	3,078
Capitalization of internally developed software
34,096	24,068	12,624	8,609	5,532	3,382	3,143	2,350	1,482	1,340	1,306
Investment in private companies
5,250	1,200	1,450	2,238	1,500	-	-	-	-	-	-
Proceeds from repayment of notes receivable
-	-	-	-	-	-	-	-	-	985	-
Increase in notes receivable
-	-	-	-	-	-	-	-	-	90	54
Investments in non-marketable securities
-	-	-	-	-	-	-	-	-	-	812
Proceeds from investments
-	-	-	-	-	-	-	-	-	30	210
Acquisitions of businesses, net of cash acquired
320,915	194,617	0	31,613	328,305	59,570	8,992	62,352	23,719	917	-
Proceeds from life insurance policy
5,000	0	0	-	-	-	-	-	-	-	-
Other
600	1,270	0	1,500	-	-	-	-	-	-	-
Net cash used in investing activities
-375,708	-241,679	-29,019	-57,927	-344,621	-69,129	-18,260	-69,714	-30,161	-5,501	-5,040
FINANCING ACTIVITIES:
Proceeds from issuance of Convertible Notes due 2023
0	345,000	0	0	-	172,500	-	-	-	-	-
Debt issuance costs
-	-	-	-	-	5,533	-	-	-	-	-
Payment of Convertible Notes due 2019
184,751	0	0	-	-	-	-	-	-	-	-
Proceeds from borrowings on revolving credit facility
345,000	195,000	35,000	40,000	10,000	30,000	-	-	-	-	-
Payments on revolving credit facility
85,000	276,168	62,500	40,000	10,000	30,000	-	-	-	-	-
Payments of contingent consideration
171	2,193	1,929	3,605	7,219	6,000	-	-	-	-	-
Payments of definite consideration
0	0	445	0	-	-	-	-	-	-	-
Payments of purchase consideration liabilities
0	0	235	3,256	-	-	-	-	-	-	-
Issuance of common stock and warrants - private placement, net of offering costs
0	122,704	0	0	-	-	-	-	-	-	-
Proceeds from issuance of Term Notes
-	-	-	-	160,000	-	-	-	-	-	-
Payment of bank indebtedness
-	-	-	-	-	-	-	174	162	-	-
Payment of Term Notes
0	0	35,862	8,000	10,000	-	-	-	-	-	-
Payment of promissory note
-	-	-	-	-	1,500	-	-	-	-	-
Issuance of redeemable units in ERS
-	-	-	-	900	1,500	-	-	-	-	-
Proceeds from exercise of stock options
10,592	5,305	7,951	4,924	8,279	5,190	6,400	2,069	2,747	1,925	3
Excess tax benefits from stock-based compensation expense
-	-	-	-	-	8,848	3,579	1,549	-	-	-
Purchase of treasury stock for stock-based tax withholdings
23,107	20,816	13,974	10,966	7,412	2,062	622	-	-	-	-
Purchase of ERS units
0	6,560	0	0	100	-	-	-	-	-	-
Net proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	42,066	-
Common stock acquired under the share repurchase program
-	-	-	1,448	-	-	-	137	94	3,993	248
Issuance of restricted stock units
5	4	5	6	2	1	1	2,759	-	-	-
Proceeds from exercise of warrants
-	-	-	-	-	-	4	-	-	1,525	-
Preferred stock dividends
-	-	-	-	-	-	-	-	-	1,346	-
Net cash provided by (used in) financing activities
60,465	352,294	-72,083	-22,345	144,550	172,944	9,362	6,240	2,653	40,177	-245
EFFECT OF EXCHANGE RATE CHANGES ON CASH
-399	-592	375	0	-	-	-	-	-	-	-
DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
-206,916	227,408	7,523	2,874	-158,036	159,812	19,959	-34,926	-2,759	36,143	3,080
Supplemental disclosure of cash flow information - net cash paid during the period for income taxes
8,119	5,531	3,261	1,114	1,700	2,131	4,708	796	813	171	240
Supplemental disclosure of cash flow information - cash paid during the period for interest
13,530	10,409	7,353	8,356	3,877	299	-	-	-	-	-
Supplemental disclosure of non-cash operating, investing and financing activities:
Common stock issued in acquisition of business
222,484	0	0	-	-	-	-	-	-	-	-
Non-cash debt issuance costs
0	0	2,230	0	-	-	-	-	-	-	-
Non-cash consideration issued in a business acquisition
-	-	-	-	-	-	-	-	4,897	-	-
Purchase liabilities included in accrued expenses and other liabilities
0	0	856	996	13,676	-	-	-	-	-	-
Transaction costs of issuance of common stock and warrants included in accrued expenses and other liabilities
0	4,543	0	0	-	-	-	-	-	-	-
Contingent consideration issued in acquisition of businesses
15,780	0	0	-	-	-	-	-	-	-	-
Purchase liabilities included in other non-current liabilities
5,468	0	0	-	-	-	-	-	-	-	-
Purchase of fixed assets included in accounts payable and accrued expenses and other liabilities
1,832	1,997	1,286	1,136	-	158	-	-	-	-	-
Membership interest liabilities included in other non-current liabilities
5,920	0	0	-	-	-	-	-	-	-	-
Common stock issued to settle purchase liability
772	0	0	-	195,451	-	-	-	-	-	-
Issuance of promissory note for acquisition
-	-	-	-	-	1,500	-	-	-	-	-
Leasehold improvements funded by lease incentive
1,816	1,780	2,098	1,522	330	2,865	1,693	1,054	491	119	3,156
Attribution of the fair market value of replacement awards
-	-	-	-	4,318	-	-	-	-	-	-
Purchase of non-marketable securities
-	-	-	-	-	-	-	-	-	-	275
Exercise of redemption rights into note receivable
-	-	-	-	-	-	-	-	-	-	2,450
Issuance of warrant for customer inducement
-	-	-	-	-	-	-	-	-	2,946	-
Customer inducement payable
-	-	-	-	-	-	-	-	-	19,261	150
Note payable assumed in a business acquisition
-	-	-	-	-	-	-	-	-	300	-
Convertible Notes Due 2023
Debt issuance costs
0	9,982	0	0	-	-	-	-	-	-	-
Revolving credit facility
Debt issuance costs
2,103	0	94	0	-	-	-	-	-	-	-