Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets

(In thousands, except share amounts)
  September 30
2010
December 31,
2009
    (Unaudited)  
       
ASSETS    
Current assets:    
Cash and cash equivalents   $ 11,263     $ 19,227  
Short-term investments     6,751       1,799  
Trade accounts receivable,
less allowances of $321 and $565, respectively
    28,816       22,861  
Other current assets     5,139       2,628  
Total current assets     51,969       46,515  
       
Property and equipment, net     7,991       7,865  
Goodwill     178,459       157,245  
Intangibles, net     23,402       20,505  
Indefinite-lived intangibles     30,238       29,223  
Other assets     1,058       814  
Total assets   $ 293,117     $ 262,167  
       
LIABILITIES AND STOCKHOLDERS' EQUITY    
Current liabilities:    
Accounts payable and accrued liabilities   $ 15,705     $ 11,060  
Accrued payroll and related benefits     3,452       3,634  
Short term debt     5,000       23,100  
Convertible debt, net of discount of $241 and $706, respectively     15,259       28,681  
Current portion of long term debt and capital lease obligations     392       596  
Deferred revenue     7,709       7,754  
Current deferred rent     192       163  
Other current liabilities     129       109  
Total current liabilities     47,838       75,097  
       
Revolving line of credit     21,000        
Long term debt and capital lease obligations,
less current portion
    1,494       671  
Other liabilities     2,991       2,965  
Deferred tax liability, net     6,014       5,147  
Put option liability     1,180       6,596  
Deferred revenue     113       269  
Long term deferred rent     609       679  
Total liabilities     81,239       91,424  
       
Commitments and Contingencies, Note 6    
       
Stockholders' equity:    
Preferred stock, $.10 par value,
500,000 shares authorized,
no shares issued and outstanding at
September 30, 2010 and December 31, 2009
           
Common stock, $.10 par value,
60,000,000 shares authorized,
34,628,057 issued and 34,587,548
outstanding at September 30, 2010 and
34,474,608 issued and 34,434,099
outstanding at December 31, 2009
    3,456       3,443  
Additional paid-in capital     151,173       158,404  
Treasury stock (40,509 shares as of
September 30, 2010 and December 31, 2009)
    (76)       (76)  
Retained earnings     51,698       8,623  
Accumulated other comprehensive income     5,627       349  
Total stockholders' equity     211,878       170,743  
Total liabilities and stockholders' equity   $ 293,117     $ 262,167  

Investor Contacts

EBIX Inc
5 Concourse Parkway, Suite 3200, Atlanta, Georgia 30328
Ph: 678-281-2043 Fax: 678-281-2019
www.ebix.com
IR@ebix.com