Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except for share and per share amounts)
Sept 30, Dec. 31,
2007 2006
----------- -----------
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 15,874 $ 5,013
Accounts receivable, less allowance of $505 and
$36, respectively 9,658 7,973
Other current assets 1,028 913
----------- ----------
Total current assets 26,560 13,899
Property and equipment, net 2,201 2,183
Goodwill 23,632 23,118
Intangible assets, net 6,493 7,867
Other assets 408 285
----------- ----------
Total assets $ 59,294 $ 47,352
=========== ==========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued expenses $ 1,792 $ 1,854
Accrued payroll and related benefits 1,286 1,549
Short term debt -- 10,000
Current portion of long term debt and capital
lease obligation 463 1,009
Deferred revenue 6,174 5,552
Other current liabilities 205 44
----------- ----------
Total current liabilities 9,920 20,008
Long term debt and capital lease obligation,
less current portion 471 943
Deferred rent 218 235
----------- ----------
Total current liabilities 10,609 21,186
Stockholders' equity:
Convertible Series D Preferred stock, $.10 par
value, 500 shares authorized, no shares issued
and outstanding -- --
Common stock, $.10 par value, 10,000 shares
authorized, 3,291 issued and 3,282 outstanding
at Sept 30, 2007 and December 31, 2006 325 286
Additional paid-in capital 108,650 94,914
Treasury stock 9 shares repurchased as of Sept
30, 2007 and December 31, 2006 (149) (149)
Accumulated deficit (61,556) (69,724)
Accumulated other comprehensive income 1,415 839
----------- ----------
Total stockholders' equity 48,685 26,166
----------- ----------
Total liabilities and stockholders' equity $ 59,294 $ 47,352
=========== ==========
|
