Financial Statement

December 31,
2016

December 31,
2015

(In thousands, except share and per share amounts)

ASSETS

Current assets:

Cash and cash equivalents

$

114,118

$

57,179

Short-term investments

3,105

1,538

Restricted cash

17,217

—

Trade accounts receivable, less allowances of $2,833 and $3,388, respectively

62,713

47,171

Other current assets

12,716

10,942

Total current assets

209,869

116,830

Property and equipment, net

37,061

34,088

Goodwill

441,404

402,259

Intangibles, net

41,336

51,848

Indefinite-lived intangibles

30,887

30,887

Capitalized software development costs, net

5,955

3,489

Deferred tax asset, net

31,345

23,732

Other assets

5,898

12,856

Total assets

$

803,755

$

675,989

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Accounts payable and accrued liabilities

$

44,855

$

23,043

Accrued payroll and related benefits

7,474

4,932

Short term debt, net of deferred financing costs of $136 and $0, respectively

12,364

—

Contingent liability for accrued earn-out acquisition consideration

1,921

1,706

Current portion of long term debt and capital lease obligation, net of discount of $0 and $3, respectively

9

606

Deferred revenue

22,564

20,519

Current deferred rent

281

232

Other current liabilities

244

228

Total current liabilities

89,712

51,266

Revolving line of credit

154,029

206,465

Long term debt and capital lease obligation, less current portion, net of deferred financing costs of $452 and $0, respectively

105,824

35

Contingent liability for accrued earn-out acquisition consideration

6,589

2,571

Deferred revenue

1,886

1,968

Long term deferred rent

1,009

1,381

Other liabilities

6,070

3,332

Total liabilities

365,119

267,018

Stockholders’ equity:

Convertible Series D Preferred stock, $.10 par value, 500,000 shares authorized, no shares issued and outstanding at December 31, 2016 and 2015

—

—

Common stock, $.10 par value, 60,000,000 shares authorized, 32,093,294 issued and outstanding at December 31, 2016 and 33,416,110 issued and outstanding at December 31, 2015

3,209

3,342

Additional paid-in capital

—

57,120

Treasury stock (no shares as of December 31, 2016 and December 31, 2015)

—

—

Retained earnings

457,364

378,787

Accumulated other comprehensive loss

(33,677

)

(30,278

)

Total Ebix, Inc. stockholders’ equity

426,896

408,971

Noncontrolling interest

11,740

—

Total stockholders' equity

$

438,636

$

408,971

Total liabilities andstockholders’ equity

$

803,755

$

675,989