Financial Statement

Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except share amounts)
 
September 30,
2018
December 31,
2017
ASSETS
(Unaudited)
  
Current assets:    
Cash and cash equivalents $134,987 $63,895
Short-term investments 20,481 25,592
Restricted cash — 4,040
Fiduciary funds- restricted 7,254 8,035
Trade accounts receivable, less allowances of $6,382 and $4,143, respectively 153,171 117,838
Other current assets 32,799 33,532
Total current assets 348,692 252,932
Property and equipment, net 45,648 41,704
Goodwill 870,311 666,863
Intangibles, net 36,948 45,711
Indefinite-lived intangibles 42,055 42,055
Capitalized software development costs, net 10,039 8,499
Deferred tax asset, net 44,656 43,529
Other assets 30,546 11,720
Total assets $1,428,895 $1,113,013
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current liabilities:    
Accounts payable and accrued liabilities $109,458 $75,073
Accrued payroll and related benefits 9,801 8,201
Cash overdraft 8,703 9,243
Fiduciary funds- restricted 7,254 8,035
Short term debt, net of deferred financing costs of $449 and $136, respectively 13,825 14,364
Capital lease obligations 100 17
Deferred rent 121 278
Contingent liability for accrued earn-out acquisition consideration 14,202 4,000
Deferred revenue 30,174 22,562
Other current liabilities 29,274 5,159
Total current liabilities 222,912 146,932
Revolving line of credit 399,694 274,529
Long term debt and capital lease obligations, less current portion, net of deferred financing costs of $1,523 and $298, respectively 229,982 110,978
Other liabilities 11,158 11,658
Contingent liability for accrued earn-out acquisition consideration 15,083 33,096
Deferred revenue 8,153 1,423
Deferred rent 323 638
Total liabilities 887,305 579,254
Commitments and Contingencies    
Stockholders’ equity:    
Preferred stock, $0.10 par value, 500,000 shares authorized, no shares issued and outstanding at September 30, 2018 and December 31, 2017 — —
Common stock, $0.10 par value, 120,000,000 shares authorized, 31,501,029 issued and outstanding, at September 30, 2018, and 120,000,000 shares authorized, 31,476,428 issued and outstanding at December 31, 2017 3,150 3,148
Additional paid-in capital 1,414 1,410
Retained earnings 577,353 510,975
Accumulated other comprehensive loss (85,833) (24,023)
Total Ebix, Inc. stockholders’ equity 496,084 491,510
Non-controlling interest 45,506 42,249
Total stockholders' equity 541,590 533,759
Total liabilities and stockholders’ equity $1,428,895 $1,113,013
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1 Ebix Way, Johns Creek, Georgia 30097
Ph: 678-281-2027 Fax: 678-281-2019

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GA 30097

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Fax: +1 (678) 281-2019

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