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,

 

2017

2016

2017

2016

 

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

Operating revenue

$ 104,681

$ 80,046

$ 363,971

$ 298,294

Operating expenses:

 

Cost of services provided

38,438

22,522

129,494

85,128

Product development

8,551

8,068

33,854

32,981

Sales and marketing

3,991

4,467

16,303

17,469

General and administrative (net)

17,820

14,670

59,976

51,689

Amortization and depreciation

2,800

2,658

11,123

10,746

Total operating expenses

71,600

52,385

250,750

198,013

Operating income

33,081

27,661

113,221

100,281

Interest income

97

632

1,711

1,851

Interest expense

(4,345)

(1,995)

(13,383)

(7,376)

Non-operating income – (loss)

-

-

-

1,162

Foreign currency exchange gain (loss)

(894)

(839)

1,811

13

Income before income taxes

27,939

25,459

103,360

95,931

Income tax expense

(414)

(516)

(777)

(1,637)

Net income including noncontrolling interest

 

27,525

24,943

102,583

94,294

Net income attributable to noncontrolling interest

952

314

1,965

447

Net income attributable to Ebix, Inc.

$ 26,573

$ 24,629

$ 100,618

$ 93,847

 

Basic earnings per common share

$ 0.84

$ 0.76

$ 3.19

$ 2.88

 

Diluted earnings per common share

$ 0.84

$ 0.76

$ 3.17

$ 2.86

 

Basic weighted average shares outstanding

31,470

32,279

31,552

32,603

 

Diluted weighted average shares outstanding

31,656

32,483

31,719

32,863