Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets

(In thousands, except share amounts)
  March 31, 2012 December 31, 2011
ASSETS (Unaudited)  
Current assets:    
Cash and cash equivalents $ 37,140 $ 23,696
Short-term investments 730 1,505
Trade accounts receivable, less allowances of $1,221 and $1,719, respectively 29,351 31,133
Deferred tax asset, net 2,817 2,981
Other current assets 4,747 4,502
Total current assets 74,785 63,817
     
Property and equipment, net 9,399 8,834
Goodwill 264,504 259,218
Intangibles, net 37,763 38,386
Indefinite-lived intangibles 30,990 30,453
Deferred tax asset, net 10,970 9,412
Other assets 1,053 1,062
Total assets $ 429,464 $ 411,182
     
LIABILITIES AND STOCKHOLDERS' EQUITY    
Current liabilities:
Accounts payable and accrued liabilities $ 19,075 $ 18,719
Accrued payroll and related benefits 3,518 5,034
Short term debt 8,333 6,667
Current portion of long term debt and capital lease obligations, net of discount of $64 and $0, respectively 852 165
Deferred revenue 16,211 16,460
Current deferred rent 279 266
Other current liabilities 119 2,468
Total current liabilities 48,387 49,779
     
Revolving line of credit 31,750 31,750
Long term debt and capital lease obligations, less current portion, net of discount of $128 and $0, respectively 9,367 8,468
Other liabilities 3,775 3,803
Deferred revenue 69 328
Long term deferred rent 864 939
Total liabilities 94,212 95,067
     
Commitments and Contingencies, Note 6    
Stockholders' equity:    
Preferred stock, $0.10 par value, 500,000 shares authorized, no shares issued and outstanding at March 31, 2012 and December 31, 2011 -- --
Common stock, $0.10 par value, 60,000,000 shares authorized, 36,495,652 issued and 36,455,143 outstanding at March 31, 2012 and 36,418,385 issued and 36,377,876 outstanding at December 31, 2011 3,646 3,638
Additional paid-in capital 180,099 179,518
Treasury stock (40,509 shares as of March 31, 2012 and December 31, 2011) (76) (76)
Retained earnings 151,780 137,559
Accumulated other comprehensive income (197) (4,524)
Total stockholders' equity 335,252 316,115
Total liabilities and stockholders' equity $ 429,464 $ 411,182