Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets

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

 

December 31,
2016

 

December 31,
2015

 

(In thousands, except share and per share amounts)

ASSETS

 

 

 

Current assets:

 

 

 

Cash and cash equivalents

$

114,118

 

 

$

57,179

 

Short-term investments

3,105

 

 

1,538

 

Restricted cash

17,217

 

 

 

Trade accounts receivable, less allowances of $2,833 and $3,388, respectively

62,713

 

 

47,171

 

Other current assets

12,716

 

 

10,942

 

Total current assets

209,869

 

 

116,830

 

Property and equipment, net

37,061

 

 

34,088

 

Goodwill

441,404

 

 

402,259

 

Intangibles, net

41,336

 

 

51,848

 

Indefinite-lived intangibles

30,887

 

 

30,887

 

Capitalized software development costs, net

5,955

 

 

3,489

 

Deferred tax asset, net

31,345

 

 

23,732

 

Other assets

5,898

 

 

12,856

 

Total assets

$

803,755

 

 

$

675,989

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

Current liabilities:

 

 

 

Accounts payable and accrued liabilities

$

44,855

 

 

$

23,043

 

Accrued payroll and related benefits

7,474

 

 

4,932

 

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

12,364

 

 

 

Contingent liability for accrued earn-out acquisition consideration

1,921

 

 

1,706

 

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

9

 

 

606

 

Deferred revenue

22,564

 

 

20,519

 

Current deferred rent

281

 

 

232

 

Other current liabilities

244

 

 

228

 

Total current liabilities

89,712

 

 

51,266

 

Revolving line of credit

154,029

 

 

206,465

 

Long term debt and capital lease obligation, less current portion, net of deferred financing costs of $452 and $0, respectively

105,824

 

 

35

 

Contingent liability for accrued earn-out acquisition consideration

6,589

 

 

2,571

 

Deferred revenue

1,886

 

 

1,968

 

Long term deferred rent

1,009

 

 

1,381

 

Other liabilities

6,070

 

 

3,332

 

Total liabilities

365,119

 

 

267,018

 

 

 

 

 

Stockholders’ equity:

 

 

 

Convertible Series D Preferred stock, $.10 par value, 500,000 shares authorized, no shares issued and outstanding at December 31, 2016 and 2015

 

 

 

Common stock, $.10 par value, 60,000,000 shares authorized, 32,093,294 issued and outstanding at December 31, 2016 and 33,416,110 issued and outstanding at December 31, 2015

3,209

 

 

3,342

 

Additional paid-in capital

 

 

57,120

 

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

 

 

 

Retained earnings

457,364

 

 

378,787

 

Accumulated other comprehensive loss

(33,677

)

 

(30,278

)

Total Ebix, Inc. stockholders’ equity

426,896

 

 

408,971

 

Noncontrolling interest

11,740

 

 

 

Total stockholders' equity

$

438,636

 

 

$

408,971

 

Total liabilities andstockholders’ equity

$

803,755

 

 

$

675,989