Financial Statement

Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except share amounts)
  December 31,
2018
(Unaudited)
 December 31,
2017
(Audited)
  (In thousands, except share and per share amounts)
ASSETS
Current assets:
Cash and cash equivalents $147,766 $63,895
Short-term investments 31,192 25,592
Restricted cash 8,317 4,040
Fiduciary funds- restricted 6,491 8,035
Trade accounts receivable, less allowances of $6,969 and $4,143, respectively 174,340 117,838
Other current assets 59,274 33,532
Total current assets 427,380 252,932
Property and equipment, net 50,294 41,704
Goodwill 946,685 666,863
Intangibles, net 51,448 45,711
Indefinite-lived intangibles 42,055 42,055
Capitalized software development costs, net 11,742 8,499
Deferred tax asset, net 54,629 43,529
Other assets 26,714 11,720
Total assets $1,610,947 $1,113,013
LIABILITIES AND STOCKHOLDERS’ EQUITY  
Current liabilities:  
Accounts payable and accrued liabilities $130,221 $75,073
Accrued payroll and related benefits 9,227 8,201
Cash overdraft 17,841 9,243
Fiduciary funds- restricted 6,491 8,035
Short term debt 3,990 —
Contingent liability for accrued earn-out acquisition consideration 13,767 4,000
Current portion of long term debt and capital lease obligation, net of deferred financing costs of $575 and $136, respectively 14,603 14,381
Deferred revenue 35,609 22,562
Current deferred rent 98 278
Other current liabilities 85,581 5,159
Total current liabilities 317,428 146,932
Revolving line of credit 424,537 274,529
Long term debt and capital lease obligation, less current portion, net of deferred financing costs of $1,811 and $298, respectively 274,716 110,978
Contingent liability for accrued earn-out acquisition consideration 11,209 33,096
Deferred revenue 9,051 1,423
Long term deferred rent 438 638
Deferred tax asset, net 1,282 —
Other liabilities 27,849 11,658
Total liabilities 1,066,510 579,254
Commitments and Contingencies
 
Stockholders’ equity:
Convertible Series D Preferred stock, $.10 par value, 500,000 shares authorized, no shares issued and outstanding at December 31, 2018 and 2017 — —
Common stock, $.10 par value, 120,000,000 shares authorized, 30,567,725 issued and outstanding at December 31, 2018 and 31,476,428 issued and outstanding at December 31, 2017 3,057 3,148
Additional paid-in capital 3,397 1,410
Retained earnings 535,118 510,975
Accumulated other comprehensive loss (63,377 (24,023
Total Ebix, Inc. stockholders’ equity 478,195 491,510
Noncontrolling interest 66,242 42,249
Total stockholders' equity $544,437 $533,759
Total liabilities and stockholders’ equity $1,610,947 $1,113,013
Investor Home

Investor Contacts

EBIX Inc
1 Ebix Way, Johns Creek, Georgia 30097
Ph: 678-281-2027 Fax: 678-281-2019

IR@ebix.com

Follow us

   

Ebix Inc.
1 Ebix Way, Johns Creek,
GA 30097

Tel: +1 (678) 281-2020
Fax: +1 (678) 281-2019

  • Join Us

Copyright © 2022 Ebix Inc. Terms Of Use | Privacy Statement