Financial Statement
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 |
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