Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets

      December 31,   December 31,
      2010   2009
      (In thousands,
      except share amounts)
ASSETS          
Current assets:          
Cash and cash equivalents     $ 23,397     $ 19,227  
Short-term investments       6,300       1,799  
Trade accounts receivable,
less allowances of $1,126 and $565, respectively
      26,028       22,861  
Other current assets       5,057       2,628  
Total current assets       60,782       46,515  
         
Property and equipment, net       7,806       7,865  
Goodwill       180,602       157,245  
Intangibles, net       22,574       20,505  
Indefinite-lived intangibles       30,552       29,223  
Other assets       984       814  
Total assets     $ 303,300     $ 262,167  
         
LIABILITIES AND STOCKHOLDERS' EQUITY          
Current liabilities:          
Accounts payable and accrued liabilities     $ 15,344     $ 11,060  
Accrued payroll and related benefits       4,536       3,634  
Short term debt       5,000       23,100  
Current portion of convertible debt,
net of discount of $56
                 
and $706, respectively     4,944   28,681  
Current portion of long term debt
and capital lease obligation
      426       596  
Deferred revenue       8,610       7,754  
Other current liabilities       225       272  
Total current liabilities       39,085       75,097  
Revolving line of credit       25,000        
Other long term debt and capital
lease obligation, less current portion
      205       671  
Other liabilities       2,991       2,965  
Deferred tax liability, net       3,534       5,147  
Put option liability       537       6,596  
Deferred revenue       126       269  
Deferred rent       554       679  
Total liabilities       72,032       91,424  
         
         
Stockholders' equity:          
Convertible Series D Preferred stock,
$.10 par value, 500,000
                 
shares authorized,
no shares issued and outstanding at
                 
December 31, 2010 and 2009        
Common stock*, $.10 par value,
60,000,000 shares authorized,
                 
36,057,791 issued and 36,017,282
outstanding at December 31,
                 
2010 and 34,474,608 issued and
34,434,099 outstanding at
                 
December 31, 2009
    3,602   3,443  
Additional paid-in capital       153,221       158,404  
Treasury stock* (179,235 shares
as of December 31, 2010 and
                 
December 31, 2009 respectively)
    (76 )   (76 )
Retained earnings (accumulated deficit)       67,642       8,623  
Accumulated other comprehensive income (loss)       6,879       349  
Total stockholders' equity       231,268       170,743  
Total liabilities and stockholders' equity     $ 303,300     $ 262,167