Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
  Three Months Ended
  March 31,
  2021 2020
Operating revenue $ 290,053 $137,876
     
Operating expenses:    
Cost of services provided 220,358 57,457
Product development 9,545 9,417
Sales and marketing 3,827 3,804
General and administrative, net 21,337 29,244
Amortization and depreciation 3,800 3,641
Total operating expenses 258,867 103,563
     
Operating income 31,186 34,313
Interest income 8 54
Interest expense (8,079) (9,237)
Non-operating loss (1) (19)
Foreign currency exchange (loss) gain (625) 618
Income before income taxes 22,489 25,729
Income tax expense (1,202) (1,284)
Net income including noncontrolling interest 21,287 24,445
Net loss attributable to noncontrolling interest (304) (278)
Net income attributable to Ebix, Inc. $21,591 24,723
     
Basic earnings per common share attributable to Ebix, Inc. $0.71 0.81
     
Diluted earnings per common share attributable to Ebix, Inc. $0.70 0.81
     
Basic weighted average shares outstanding 30,558 30,476
     
Diluted weighted average shares outstanding 30,731 30,683