Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
  Three Months Ended Twelve Months Ended
  December 31, December 31,
  2018 2017 2018 2017
  (Unaudited) (Unaudited) (Unaudited) (Audited)
Operating revenue $136,327 $104,681 $497,826 $363,971
Operating expenses:  
Cost of services provided 42,302 38,438 168,415 129,494
Product development 10,963 8,551 39,078 33,854
Sales and marketing 4,045 3,991 17,587 16,303
General and administrative (net) 34,059 17,820 108,475 59,976
Amortization and depreciation 3,428 2,800 11,292 11,123
Total operating expenses 94,797 71,600 344,847 250,750
 
Operating income 41,530 33,081 152,979 113,221
Interest income 127 97 436 1,711
Interest expense (9,037) (4,345) (27,101) (13,383)
Non-operating income – (loss) 60
Foreign currency exchange gain (loss) 2,127 (894)  (792) 1,811
Income before income taxes 34,747 27,939 125,582 103,360
Income tax expense (26,474) (414) (32,501) (777)
Net income including noncontrolling interest 8,273 27,525 93,081 102,583
Net income (Loss) attributable to noncontrolling interest (236) 952 (58) 1,965
Net income attributable to Ebix, Inc. $8,509 26,573 $93,139 $100,618
 
Basic earnings per common share $0.27 $0.84 $2.97 $3.19
 
Diluted earnings per common share $0.27 $0.84 $2.95 $3.17
 
Basic weighted average shares outstanding 31,133 31,470 31,393 31,552
 
Diluted weighted average shares outstanding 31,225 31,656 31,534 31,719