Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets

(In thousands, except share amounts)

 

September 30,
2016

December 31,
2015

ASSETS

(Unaudited)

 

Current assets:

 

 

Cash and cash equivalents

$99,806

$57,179

Short-term investments

2,975

1,538

Restricted cash and restricted cash equivalents

8,975

-

Trade accounts receivable, less allowances of $1,909 and $3,388, respectively

60,795

47,171

Other current assets

12,832

10,942

Total current assets

185,383

116,830

 

 

 

Property and equipment, net

36,187

34,088

Goodwill

428,063

402,259

Intangibles, net

38,151

51,848

Indefinite-lived intangibles

30,887

30,887

Capitalized software development costs, net

3,173

3,489

Deferred tax asset, net

33,435

23,732

Other assets

5,836

12,856

Total assets

$761,115

$675,989

 

 

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

Current liabilities:

 

 

Accounts payable and accrued liabilities

$30,353

$23,043

Accrued payroll and related benefits

6,127

4,932

Short term debt, net of deferred financing costs of $136 and $0, respectively

12,364

-

Current portion of long term debt and capital lease obligations, net of discount of $0 and $3, respectively

9

606

Current deferred rent

271

232

Contingent liability for accrued earn-out acquisition consideration

1,621

1,706

Deferred revenue

20,334

20,519

Other current liabilities

242

228

Total current liabilities

71,321

51,266

 

 

 

Revolving line of credit

134,029

206,465

Long term debt and capital lease obligations, less current portion, net of deferred financing costs of $540 and $0, respectively

108,863

35

Other liabilities

3,858

3,332

Contingent liability for accrued earn-out acquisition consideration

-

2,571

Deferred revenue

1,728

1,968

Long term deferred rent

1,110

1,381

Total liabilities

320,909

267,018

 

 

 

 

 

 

Stockholders’ equity:

 

 

Preferred stock, $0.10 par value, 500,000 shares authorized, no shares issued and outstanding at September 30, 2016 and December 31, 2015

-

-

Common stock, $0.10 par value, 60,000,000 shares authorized, 32,382,162 issued and outstanding, at September 30, 2016 and 33,416,110 issued and outstanding at December 31, 2015

3,238

3,342

Additional paid-in capital

16,229

57,120

Treasury stock (no shares as of September 30, 2016 and December 31, 2015)

-

-

Retained earnings

440,604

378,787

Accumulated other comprehensive loss

(31,291)

(30,278)

Total Ebix, Inc. stockholders’ equity

428,780

408,971

Noncontrolling interest

11,426

-

Total stockholders' equity

440,206

408,971

Total liabilities and stockholders’ equity

$761,115

$675,989