Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets

 

December 31,
2017

December 31,
2016

 

(In thousands, except share and per share amounts)

ASSETS

 

 

Current assets:

 

 

Cash and cash equivalents

$ 63,895

$ 114,118

Short-term investments

25,592

3,105

Restricted cash

4,040

-

Fiduciary funds - restricted

8,035

14,394

Trade accounts receivable, less allowances of $4,143 and $2,833, respectively

117,838

62,713

Other current assets

33,532

12,716

Total current assets

252,932

207,046

Property and equipment, net

41,704

37,061

Goodwill

666,863

441,404

Intangibles, net

45,711

41,336

Indefinite-lived intangibles

42,055

30,887

Capitalized software development costs, net

8,499

5,955

Deferred tax asset, net

43,529

31,345

Other assets

11,720

8,721

Total assets

$ 1,113,013

$ 803,755

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

Current liabilities:

 

 

Accounts payable and accrued liabilities

$ 75,073

$ 30,461

Accrued payroll and related benefits

8,201

7,474

Cash overdraft

9,243

-

Fiduciary funds - restricted

8,035

14,394

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

14,364

12,364

Contingent liability for accrued earn-out acquisition consideration

4,000

1,921

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

17

9

Deferred revenue

22,562

22,564

Current deferred rent

278

281

Other current liabilities

5,159

244

Total current liabilities

146,932

89,712

Revolving line of credit

274,529

154,029

Long term debt and capital lease obligation, less current portion, net of deferred financing costs of $298 and $452, respectively

110,978

105,824

Contingent liability for accrued earn-out acquisition consideration

33,096

6,589

Deferred revenue

1,423

1,886

Long term deferred rent

638

1,009

Other liabilities

11,658

6,070

Total liabilities

579,254

365,119

 

Stockholders’ equity:

 

 

Convertible Series D Preferred stock, $.10 par value, 500,000 shares authorized, no sharesissued and outstanding at December 31, 2017 and 2016

-

-

Common stock, $.10 par value, 60,000,000 shares authorized, 31,476,428 issued and outstanding at December 31, 2017 and 32,093,294 issued and outstanding at December 31, 2016

3,148

3,209

Additional paid-in capital

1,410

-

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

-

-

Retained earnings

510,975

457,364

Accumulated other comprehensive loss

(24,023)

(33,677)

Total Ebix, Inc. stockholders’ equity

491,510

426,896

Noncontrolling interest

42,249

11,740

Total stockholders' equity

$ 533,759

$ 438,636

Total liabilities andstockholders’ equity

$ 1,113,013

$ 803,755