Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets

(In thousands, except share amounts)

Three Months Ended Twelve Months Ended

December 31, December 31,

2012 2011 2012 2011
  (Unaudited) (Unaudited) (Unaudited) (Audited)
Operating revenue $54,023 $44,050 $199,370 $168,969





Operating expenses:







Cost of services provided 10,447 8,658 38,133 33,589
Product development 7,637 4,823 24,825 19,208
Sales and marketing 4,233 4,089 16,687 13,642
General and administrative 8,862 8,028 33,562 26,268
Amortization and depreciation 2,584 1,897 9,155 7,514
Total operating expenses 33,763 27,495 122,362 100,221




Operating income 20,260 16,555 77,008 68,748
Interest income 76 128 441 557
Interest expense (536) (167) (1,541) (759)
Other non-operating income (loss) (486) 1,432 190 647
Foreign currency exchange gain 172 1,667 1,931 4,302
Income before income taxes 19,486 19,615 78,029 73,495
Income tax benefit (expense) (741) (2,285) (7,460) (2,117)
Net income $18,745 $17,330 $70,569 $71,378
 
 
 
Basic earnings per common share $0.50 $0.48 $1.91 $1.89
         
Diluted earnings per common share $0.48 $0.44 $1.80 $1.75





Basic weighted average shares outstanding 37,216 36,337 36,948 37,742





Diluted weighted average shares outstanding 38,925 39,374 39,100 40,889

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