Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets

(In thousands, except share amounts)

less allowances of $1,999 as of September 30, 2011
and $1,126 as of December 31, 2010
obligations, less current portion
     
September 30, December 31,
2011 2010
ASSETS   (Unaudited)  
Current assets:    
Cash and cash equivalents   $ 13,941     $ 23,397  
Short-term investments   1,663     6,300  
  31,242     26,028  
Deferred tax asset, net   3,127        
Other current assets   4,410     5,057  
Total current assets   54,383     60,782  
       
Property and equipment, net   8,718     7,806  
Goodwill   237,863     180,602  
Intangibles, net   38,380     22,574  
Indefinite-lived intangibles   30,493     30,552  
Deferred tax asset, net   10,196        
Other assets   974     984  
Total assets   $ 381,007     $ 303,300  
       
LIABILITIES AND STOCKHOLDERS' EQUITY    
Current liabilities:    
Accounts payable and accrued liabilities   $ 20,050     $ 15,344  
Accrued payroll and related benefits   4,563     4,536  
Short term debt   6,667     5,000  
Convertible debt, net of discount
of $0 as of September 30, 2011 and
$56 thousand as of December 31, 2010
        4,944  
Current portion of long term debt and
capital lease obligations
  154     426  
  16,380     8,610  
  250     207  
Put option liability   1,430        
Other current liabilities   998     18  
Total current liabilities   50,492     39,085  
       
Revolving line of credit   10,250     25,000  
  10,159     205  
Other liabilities   3,635     2,991  
Deferred tax liability, net         3,534  
Put option liability         537  
Deferred revenue   139     126  
Long term deferred rent   1,012     554  
Total liabilities   75,687     72,032  
       
       
Stockholders' equity:    
Preferred stock, $0.10 par value, 500,000 shares
authorized, no shares issued and outstanding at
September 30, 2011 and December 31, 2010
           
Common stock, $0.10 par value, 60,000,000 shares
authorized, 36,534,976 issued and 36,494,467 outstanding
at September 30, 2011 and 36,057,791 issued and
36,017,282 outstanding at December 31, 2010
  3,649     3,602  
Additional paid-in capital   179,619     153,221  
Treasury stock (40,509 shares as of
September 30, 2011 and December 31, 2010)
  (76)     (76)  
Retained earnings   121,690     67,642  
Accumulated other comprehensive income   438     6,879  
Total stockholders' equity   305,320     231,268  
Total liabilities and stockholders' equity   $ 381,007     $ 303,300  
                 

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