Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Income

(In thousands, except per share data)

 

Three Months Ended Twelve Months Ended
  December 31, December 31,
  2014 2013 2014 2013
  (Unaudited) (Unaudited) (Unaudited) (Audited)

 

Operating revenue $ 60,633 $ 50,847 $ 214,321 $ 204,710
Operating expenses:  
Cost of services provided 17,537 10,086 47,388 40,471
Product development 6,630 6,414 26,860 26,798
Sales and marketing 3,196 4,085 13,840 15,848
General and administrative 9,963 9,808 36,880 36,480
Amortization and depreciation 2,239 2,648 9,681 10,107
Total operating expenses 39,565 33,041 134,649 129,704
Operating income 21,068 17,806  79,672 75,006
Interest income 53 175 379 518
Interest expense (2,184) (265) (3,034) (1,226)
Non-operating income (loss) - put options - 1,592 296 342

Non-operating expense - securities litigation

(340) - (690) (4,226)
Foreign currency exchange gain (loss) 297 64 829 (262)
Income before income taxes 18,894 19,372  77,452 70,152
Income tax expense (2,347) (4,127) (13,894) (10,878)
Net income $ 16,547 $ 15,245 $ 63,558 $ 59,274

 

 

 

 

 

Basic earnings per common share $ 0.45 $ 0.40 $ 1.68 $ 1.58
         
Diluted earnings per common share $ 0.45 $ 0.40 $ 1.67 $ 1.53
         
Basic weighted average shares outstanding

36,588

38,043 37,809 37,588
         
Diluted weighted average shares outstanding 36,801 38,536 38,040 38,642