Financial Statement

Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except share amounts)
     
  December 31,
  2022 2021
  (In thousands, except share and per share amounts)
ASSETS    
Current assets:    
Cash and cash equivalents $ 110,637 $ 99,625
Receivables from service providers 4,223 1,352
Short-term investments 17,438 16,463
Restricted cash 8,210 9,080
Fiduciary funds - restricted 2,092 2,046
Trade accounts receivable, less allowances of $18,167 and $19,874, respectively 154,533 153,609
Other current assets 87,387 84,389
Total current assets 384,520 366,564
Property and equipment, net 52,448 47,903
Right-of-use assets 9,636 10,051
Goodwill 881,676 939,249
Intangibles, net 50,900 59,748
Indefinite-lived intangibles 16,647 16,647
Capitalized software development costs, net 15,343 15,068
Deferred tax assets, net 96,289 84,514
Other assets 30,096 33,505
Total assets $ 1,537,555 $ 1,573,249
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current liabilities:    
Accounts payable and accrued liabilities $ 99,194 $ 86,181
Payables to service agents 11,299 6,296
Accrued payroll and related benefits 10,651 11,360
Working capital facilities 3,367 5,607
Fiduciary funds - restricted 2,092 2,046
Revolving line of credit 449,902 —
Short-term debt 3,000 1,954
Current portion of long-term debt, net of deferred financing costs of $469 and $1,635, respectively 190,866 28,577
Contract liabilities 32,028 33,164
Lease liability 3,354 3,173
Other current liabilities 25,784 26,837
Total current liabilities 831,537 205,195
Revolving line of credit — 439,402
Long-term debt, less current portion, net of deferred financing costs of $— and $261, respectively 160 184,676
Contingent liability for earn-out acquisition consideration 2,299 2,557
Contract liabilities 14,098 8,193
Lease liability 6,612 7,139
Deferred tax liability, net 1,150 1,150
Other liabilities 22,259 25,383
Total liabilities 878,115 873,695
     
Stockholders’ equity:    
Preferred stock, $0.10 par value, 500,000 shares authorized, no shares issued and outstanding at December 31, 2022 and 2021 — —
Series Y Convertible preferred stock, $0.10 par value, 350,000 shares authorized, no shares issued and outstanding at December 31, 2022 and 2021 — —
Common stock, $0.10 par value, 220,000,000 shares authorized, 30,819,533 issued and outstanding at December 31, 2022 and 30,683,393 issued and outstanding at December 31, 2021 3,082 3,068
Additional paid-in capital 18,800 15,068
Retained earnings 814,780 759,208
Accumulated other comprehensive loss (219,437) (122,022)
Total Ebix, Inc. stockholders’ equity 617,225 655,322
Noncontrolling interest 42,215 44,232
Total stockholders' equity 659,440 699,554
Total liabilities and stockholders’ equity $ 1,537,555 $ 1,573,249
     
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EBIX Inc
1 Ebix Way, Johns Creek, Georgia 30097
Ph: 678-281-2027 Fax: 678-281-2019

IR@ebix.com

David Collins, Tanya Kamatu, Chris Eddy
Catalyst Global - 212-924-9800 or ebix@catalyst-ir.com

Ebix Named in Fortune’s 2017 100 Fastest-Growing Companies

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