Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
  Three Months Ended
  March 31,
  2020 2019
Operating revenue $137,876 $142,924
 
Operating expenses:    
Cost of services provided 57,457 45,929
Product development 9,417 11,242
Sales and marketing 3,804 6,121
General and administrative, net 29,244 21,444
Amortization and depreciation 3,641 4,057
Total operating expenses 103,563 88,793
 
Operating income 34,313 54,131
Interest income 54 350
Interest expense (9,237) (9,818)
Non-operating (loss) income (19) 3
Non-operating expense - litigation settlement (20,452)
Foreign currency exchange gain (loss) 618 (255)
Income before income taxes 25,729 23,959
Income tax benefit (expense) (1,284) 1,084
Net income including noncontrolling interest 24,445 25,043
Net (loss) attributable to noncontrolling interest (278) (667)
Net income attributable to Ebix, Inc. $24,723 $25,710
 
Basic earnings per common share attributable to Ebix, Inc. $0.81 $0.84
 
Diluted earnings per common share attributable to Ebix, Inc. $0.81 $0.84
 
Basic weighted average shares outstanding 30,476 30,524
 
Diluted weighted average shares outstanding 30,683 30,604

Investor Contacts

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