Envestnet, inc. (ENV)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
OPERATING ACTIVITIES:
Net loss

-6,124

-17,202

-21,131

-15,656

-22,260

4,010

22,167

18,336

17,857

-3,280

-53,499

-56,236

-57,709

-55,567

-26,906

-19,547

-9,068

4,436

12,042

12,508

13,622

13,979

10,981

8,519

5,987

3,660

2,807

2,052

266

465

2,452

3,826

6,941

7,605

0

0

0

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation, Depletion and Amortization

109,437

101,271

92,499

85,327

77,597

77,626

74,322

70,251

66,531

62,820

60,919

62,119

63,754

63,999

60,619

50,084

38,709

27,962

22,576

20,672

19,562

18,651

17,953

18,167

16,633

15,329

14,050

12,976

13,119

12,400

10,716

8,873

7,227

6,376

0

0

0

Deferred rent and lease incentive amortization

-

-

-

-

-

-671

-726

-1,513

-1,230

-1,027

-595

-470

85

438

-867

-1,713

-1,816

-1,819

-1,076

-1,179

-10

-275

474

688

-600

-483

-761

-21

1,420

1,389

1,341

1,804

390

332

0

0

0

Amortization of customer inducements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,568

0

0

0

Provision for doubtful accounts

3,430

2,855

1,633

1,407

1,608

1,618

1,267

1,450

1,246

867

1,581

1,357

1,181

1,122

0

0

0

-

-

-

-

-

-

-

-

203

0

0

0

-

-

-

-

-

-

-

-

Deferred income taxes

-41,386

-39,630

-39,401

-35,527

-5,537

-23,629

-33,097

-28,214

-25,204

-4,597

22,503

8,604

4,669

5,584

-20,517

-7,812

-8,797

-10,508

0

0

0

-

-

-

-

-2,546

-730

-579

-499

83

-1,194

-387

1,399

2,162

0

0

0

Non-cash compensation expense

63,565

60,444

53,838

49,126

44,614

40,245

37,454

34,899

32,368

31,331

30,855

30,361

29,119

33,276

30,876

26,730

23,357

15,161

13,137

12,405

12,274

11,423

10,900

10,239

9,000

8,738

7,498

6,678

5,853

4,342

3,828

3,347

3,041

3,062

0

0

0

Non-cash interest expense

16,829

19,246

19,392

18,800

18,205

14,534

12,620

9,771

8,681

8,994

10,000

9,066

9,753

8,244

10,145

9,605

9,928

10,271

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

3,579

0

0

0

-

-

-

-

-

-

-

-

Accretion on contingent consideration and purchase liability

2,131

1,772

1,253

768

361

222

313

404

457

512

415

334

244

150

237

357

608

888

1,158

1,299

1,402

1,472

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on acquisition of equity method investment

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss allocation from equity method investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of contingent consideration

-

-

-

-

-

-

-

-

-

357

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss allocation from equity method investment

-

-

-

-

-

-1,146

-1,554

-1,578

-1,844

-1,469

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair market value adjustment to contingent consideration liability

-

-

-

-

-

-

-

-

-

-

-

-

-

1,588

476

-1,762

-2,657

-4,153

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4

0

0

0

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Changes in operating assets and liabilities, net of acquisitions:
Fees receivable, net

14,392

-1,139

-2,405

5,222

1,501

12,890

10,966

10,686

17,767

8,121

8,717

8,235

10,177

-1,646

403

-3,770

-7,834

9,297

-1,584

2,028

1,937

-1,788

5,877

10,903

10,011

9,566

6,798

4,229

1,700

-1,017

-909

-3,072

-2,407

-1,940

0

0

0

Prepaid expenses and other current assets

-113

6,440

932

12,968

10,568

887

210

1,532

520

787

3,217

-11,574

-2,987

2,861

-5,222

4,428

-6,111

-14,716

-10,301

-9,306

-8,681

-9,733

-5,884

-2,052

1,029

1,075

1,432

-4,989

-2,684

-4,645

-1,968

2,582

-284

1,988

0

0

0

Other non-current assets

3,533

5,234

6,561

4,127

1,935

3,336

2,794

3,626

4,694

1,690

-3,960

-3,279

-3,572

-1,473

9,272

6,602

7,367

6,025

1,161

1,480

803

873

915

2,012

1,487

1,444

1,256

819

419

181

0

0

0

-

-

-

-

Accrued expenses and other liabilities

22,130

-811

-3,503

-683

-4,152

12,939

10,231

12,124

8,164

16,810

30,188

21,389

19,751

17,174

-11,310

-12,858

-22,161

-13,653

4,504

5,581

10,657

9,784

7,655

7,340

8,429

12,389

9,255

7,206

5,093

3,100

2,152

67

281

802

0

0

0

Accounts payable

-11,247

-2,863

-9,216

-7,191

5,328

1,743

2,223

3,908

287

-442

849

-3,243

371

-462

3,139

4,286

2,972

3,128

-2,555

-420

-1,740

-659

3,032

2,625

4,305

2,914

1,986

1,420

226

640

506

925

210

267

0

0

0

Deferred revenue

-714

727

429

807

328

345

1,598

2,851

5,628

1,191

795

2,385

2,452

2,014

5,534

6,375

8,999

10,906

9,173

8,465

7,674

4,677

3,706

3,735

2,255

1,625

1,182

634

1,038

1,028

212

97

108

-507

0

0

0

Other non-current liabilities

3,796

4,795

3,942

4,052

2,500

3,028

2,979

1,059

2,745

2,503

1,291

5,263

4,498

3,776

973

-1,927

-3,316

-3,792

-680

-448

-53

26

392

1,193

1,161

1,074

1,947

1,075

1,055

1,166

-64

-55

-54

-39

0

0

0

Net cash provided by (used in) operating activities

130,289

108,726

95,916

78,822

105,563

117,385

120,318

114,017

98,853

108,250

101,042

92,208

78,274

83,146

69,554

63,506

58,299

42,035

47,005

42,760

46,930

55,997

49,095

36,581

31,421

28,857

24,040

28,846

26,487

28,548

25,034

21,973

25,557

24,749

0

0

0

INVESTING ACTIVITIES:
Purchases of property and equipment

16,760

19,847

19,534

19,770

20,783

20,524

20,601

15,333

15,926

14,945

14,560

18,516

16,163

13,967

13,171

8,904

8,937

9,184

7,780

6,248

6,233

6,177

7,073

9,328

7,522

6,125

5,041

3,477

4,830

4,838

4,639

4,880

3,992

4,798

0

0

0

Capitalization of internally developed software

38,483

34,096

30,106

29,029

26,654

24,068

21,025

17,595

15,132

12,624

11,602

11,015

9,312

8,609

7,967

6,569

5,788

5,532

4,602

3,939

3,654

3,382

3,412

3,291

3,238

3,143

2,945

2,865

2,769

2,350

2,045

1,653

1,393

1,482

0

0

0

Investment in private companies

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Acquisitions of businesses, net of cash acquired

330,111

320,915

321,229

327,843

27,095

194,617

0

0

0

-

-

-

-

31,613

319,367

324,987

343,789

328,305

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

1,270

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-396,904

-375,708

-376,539

-381,112

-78,002

-241,679

-236,585

-222,723

-211,091

-29,019

-42,331

-44,988

-41,201

-57,927

-342,743

-342,060

-361,614

-344,621

-99,596

-92,969

-72,098

-69,129

-11,773

-21,611

-19,752

-18,260

-17,867

-7,231

-70,125

-69,714

-92,063

-91,906

-29,281

-30,161

0

0

0

Proceeds from borrowings on revolving credit facility

390,000

345,000

175,000

175,000

0

195,000

195,000

255,000

205,000

35,000

50,000

0

50,000

40,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on revolving credit facility

100,000

85,000

75,000

30,000

261,168

276,168

0

0

0

-

-

-

-

40,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of contingent consideration

-

-

-

-

-

-

-

-

-

1,929

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of definite consideration

-

-

-

-

-

-

-

-

-

445

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of Term Notes

-

-

-

-

-

-

-

-

-

35,862

37,862

39,862

39,862

8,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

10,837

10,592

7,135

7,679

6,064

5,305

8,682

7,874

8,455

7,951

6,226

5,262

5,617

4,924

3,997

4,649

5,776

8,279

9,492

9,484

8,061

5,190

3,968

5,811

7,183

6,400

5,720

2,708

1,177

2,069

1,972

2,052

2,623

2,747

0

0

0

Excess tax benefits from stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

3,579

0

0

0

-

-

-

-

-

-

-

-

Purchase of treasury stock for stock-based tax withholdings

22,487

23,107

22,629

22,383

21,339

20,816

20,239

18,719

16,620

13,974

13,068

10,782

10,545

10,966

10,117

10,691

8,042

7,412

6,875

6,922

6,894

2,062

2,035

1,731

1,865

622

0

0

0

-

-

-

-

-

-

-

-

Purchase of ERS units

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock acquired under the share repurchase program

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

137

122

78

78

94

0

0

0

Issuance of restricted stock units

5

5

4

4

4

4

5

4

4

5

5

5

5

6

5

5

4

2

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

91,330

60,465

198,380

245,779

172,530

352,294

220,105

213,716

117,010

-72,083

-58,839

-56,295

-32,468

-22,345

115,503

118,149

129,951

144,550

155,040

184,672

182,453

172,944

31,894

9,815

8,742

9,362

9,377

4,664

5,220

6,240

4,609

4,733

2,545

2,653

0

0

0

EFFECT OF EXCHANGE RATE CHANGES ON CASH

-2,007

-399

277

146

-371

-592

-842

-480

-58

375

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH

-177,292

-206,916

-81,966

-56,365

199,720

227,408

102,996

104,530

4,714

7,523

42

-8,792

4,929

2,874

-157,686

-160,405

-173,364

-158,036

102,449

134,463

157,285

159,812

69,216

24,785

20,411

19,959

15,550

26,279

-38,418

-34,926

-62,420

-65,200

-1,179

-2,759

0

0

0

Supplemental disclosure of cash flow information - net cash paid during the period for income taxes

3,935

8,119

9,483

9,427

9,170

5,531

8,584

5,211

5,336

3,261

-160

2,304

1,911

1,114

588

-6

-288

1,700

2,914

2,904

2,492

2,131

473

1,771

4,406

4,708

4,581

3,426

871

796

685

747

1,045

813

0

0

0

Supplemental disclosure of cash flow information - cash paid during the period for interest

16,054

13,530

12,442

12,090

8,651

10,409

8,246

7,664

7,913

7,353

7,853

8,124

7,691

8,356

6,813

6,435

5,891

3,877

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of non-cash operating, investing and financing activities:
Purchase liabilities included in accrued expenses and other liabilities

375

0

-719

-1,422

-13,172

0

0

0

0

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued payment to fund deferred compensation liability included in accounts payable

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration issued in acquisition of businesses

13,439

15,780

15,880

15,880

7,580

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase liabilities included in other non-current liabilities

257

5,468

5,468

5,468

5,468

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of fixed assets included in accounts payable and accrued expenses and other liabilities

3,225

1,832

2,818

2,376

1,025

1,997

2,222

2,214

2,146

1,286

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Membership interest liabilities included in other non-current liabilities

8,140

5,920

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock issued to settle purchase liability

0

772

772

772

772

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Leasehold improvements funded by lease incentive

2,221

1,816

0

1,348

2,269

1,780

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settlement of contingent consideration liability upon issuance of ERS, LLC membership interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquired purchase option

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-