Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets

(In thousands, except share amounts)
  December 31,
  2020 2019
  (In thousands, except share and per share amounts)
ASSETS    
Current assets:    
Cash and cash equivalents 105,035  73,228 
Receivables from service providers 4,711  25,607 
Short-term investments 25,019  4,443 
Restricted cash 8,519  35,051 
Fiduciary funds - restricted 4,106  4,966 
Trade accounts receivable, less allowances of 22,691 and 21,696, respectively 142,847  153,565 
Other current assets 71,661  67,074 
Total current assets 361,898  363,934 
Property and equipment, net 52,521  48,421 
Right-of-use assets 12,372  19,544 
Goodwill 949,037  952,404 
Intangibles, net 50,880  46,955 
Indefinite-lived intangibles 21,647  42,055 
Capitalized software development costs, net 19,389  19,183 
Deferred tax assets, net 63,402  69,227 
Other assets 38,707  29,896 
Total assets $1,569,853  $1,591,619 
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current liabilities:    
Accounts payable and accrued liabilities $64,764  $84,735 
Payables to service agents 5,281  12,196 
Accrued payroll and related benefits 11,792  8,755 
Working capital facilities 16,643  28,352 
Fiduciary funds - restricted 4,106  4,966 
Short-term debt 894  1,167 
Contingent liability for earn-out acquisition consideration —  8,621 
Current portion of long-term debt, net of deferred financing costs of $920 and $575 thousand, respectively 23,621  22,091 
Contract liabilities 32,898  28,712 
Lease liability 3,905  5,955 
Other current liabilities 27,486  29,335 
Total current liabilities 191,390  234,885 
Revolving line of credit 439,402  438,037 
Long-term debt, less current portion, net of deferred financing costs of $1,062 and $1,534, respectively 232,140  254,467 
Contingent liability for earn-out acquisition consideration —  1,474 
Contract liabilities 8,033  8,541 
Lease liability 8,540  13,196 
Deferred tax liability, net 1,235  1,235 
Other liabilities 29,009  40,339 
Total liabilities 909,749  992,174 
Commitments and Contingencies, Note 5    
 
Stockholders’ equity:    
Preferred stock, $.10 par value, 500,000 shares authorized, no shares issued and outstanding at December 31, 2020 and 2019 —  — 
Series Y Convertible preferred stock, $0.10 par value, 350,000 shares authorized, no shares issued and outstanding at December 31, 2020 and no shares authorized, issued and outstanding at December 31, 2019 —  — 
Common stock, $.10 par value, 220,000,000 shares authorized, 30,515,334 issued and outstanding at December 31, 2020 and 30,492,044 issued and outstanding at December 31, 2019 3,052  3,049 
Additional paid-in capital 11,126  6,960 
Retained earnings 700,304  618,503 
Accumulated other comprehensive loss (101,503) (78,398)
Total Ebix, Inc. stockholders’ equity 612,979  550,114 
Noncontrolling interest (see Note 17) 47,125  49,331 
Total stockholders' equity 660,104  599,445 
Total liabilities and stockholders’ equity $1,569,853  $1,591,619