Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets

(In thousands, except for share and per share amounts)

 

December 31,
2015
December 31,
2014
  (In thousands, except share and per share amounts)
  Unaudited Audited
ASSETS    
Current assets:    
Cash and cash equivalents $57,179 $52,300
Short-term investments 1,538 281
Trade accounts receivable, less allowances of $3,388 and $1,619, respectively 47,171 41,100
Other current assets 10,942 8,067
Total current assets 116,830 101,748
Property and equipment, net 34,088 24,661
Goodwill 402,259 402,220
Intangibles, net 51,848 49,371
Indefinite-lived intangibles 30,887 30,887
Capitalized software development costs, net 3,489 -
Deferred tax asset, net 23,732 20,871
Other assets 12,856 4,553
Total assets $675,989 $634,311
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current liabilities:    
Accounts payable and accrued liabilities $23,043 $40,121
Accrued payroll and related benefits 4,932 5,280
Contingent liability for accrued earn-out acquisition consideration 1,706 887
Current portion of long term debt and capital lease obligation, net of discount of $3 and $7, respectively 606 936
Deferred revenue 20,519 22,192
Current deferred rent 232 268
Other current liabilities 228 102
Total current liabilities 51,266 69,786
Revolving line of credit 206,465 120,465
Other long term debt and capital lease obligation, less current portion, net of discount of $0 and $7, respectively 35 593
Contingent liability for accrued earn-out acquisition consideration 2,571 4,480
Deferred revenue 1,968 2,496
Long term deferred rent 1,381 2,091
Other liabilities 3,332 2,179
Total liabilities 267,018 202,090
     
Stockholders’ equity:    
Convertible Series D Preferred stock, $.10 par value, 500,000 shares authorized, no shares issued and outstanding at December 31, 2015 and 2014 - -
Common stock, $.10 par value, 60,000,000 shares authorized, 33,416,110 issued and outstanding at December 31, 2015 and 36,232,074 issued and 36,191,565 outstanding at December 31, 2014 3,342 3,619
Additional paid-in capital 57,120 137,101
Treasury stock (no shares as of December 31, 2015 and 40,509 shares December 31, 2014) - (76)
Retained earnings 378,787 309,726
Accumulated other comprehensive loss (30,278) (18,149)
Total stockholders’ equity 408,971 432,221
Total liabilities, temporary equity and stockholders’ equity $675,989 $634,311