PERIOD ENDING |
31-Dec-22 |
31-Dec-21 |
31-Dec-20 |
Assets |
|
|
|
Current Assets: |
|
|
|
Cash and cash equivalents |
$ 110,637 |
$ 99,625 |
105,035 |
Receivables from service providers |
4,223 |
1,352 |
4,711 |
Short Term investments |
17,438 |
16,463 |
25,019 |
Accounts receivable, less allowance |
8,210 |
9,080 |
8,519 |
Restricted cash and restricted cash equivalents |
2,092 |
2,046 |
4,106 |
Fiduciary funds - restricted |
154,533 |
153,609 |
142,847 |
Other current assets |
87,387 |
84,389 |
71,661 |
Total Current Assets |
384,520 |
366,564 |
361,898 |
Property and equipment, net |
52,448 |
54,359 |
52,521 |
Right-of Use assets |
9,636 |
10,051 |
12,372 |
Goodwill |
881,676 |
939,249 |
949,037 |
Intangibles assets, net |
50,900 |
46,795 |
50,880 |
Indefinitive-lived intangibles |
16,647 |
16,647 |
21,647 |
Capitalized software development costs, net |
15,343 |
21,565 |
19,389 |
Deferred tax assets, net - long-term |
96,289 |
84,514 |
63,402 |
Other assets |
30,096 |
33,505 |
38,707 |
Total Assets |
$ 1,537,555 |
$ 1,573,249 |
$1,569,853 |
|
|
|
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
Current Liabilities: |
|
|
|
Accounts payable and accrued expenses |
$ 99,194 |
$ 86,181 |
$64,764 |
Payables to service agents |
11,299 |
6,296 |
5,281 |
Accrued payroll and related benefits |
10,651 |
11,360 |
11,792 |
Working capital facility |
3,367 |
5,607 |
16,643 |
Fiduciary funds - restricted |
2,092 |
2,046 |
4,106 |
Short term debt |
3,000 |
1,954 |
894 |
Earnout contingencies - current |
|
— |
— |
Current portion of long term debt and capital lease obligations |
190,866 |
28,577 |
8,033 |
Contract Liabilities |
32,028 |
33,164 |
8,540 |
Lease Liability |
3,354 |
3,173 |
1,235 |
Other Current liabilities |
25,784 |
26,837 |
29,009 |
Total current liabilities |
831,537 |
205,195 |
909,749 |
|
Revolving line of credit |
— |
439,402 |
|
Long term debt and capital lease obligation, less current portion |
160 |
184,676 |
|
Earnout contingencies |
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 |
|
|
|
|
|
Temporary Equity |
|
|
|
|
|
|
|
Stockholders' Equity : |
Preferred stock, $.10 par value, 500,000 shares authorized, no shares issued and outstanding at December 31, 2019 and 2018 |
|
|
|
Common stock, $.10 part value |
3,082 |
3,068 |
3,052 |
Additional paid-in capital |
18,800 |
15,068 |
11,126 |
Retained earnings |
814,780 |
759,208 |
700,304 |
Accumulated other comprehensive income |
(219,437) |
(122,022) |
(101,503) |
Total Ebix, Inc. stockholders' equity |
617,225 |
655,322 |
612,979 |
Noncontrolling interest |
42,215 |
44,232 |
47,125 |
Total Stockholders' Equity |
659,440 |
699,554 |
660,104 |
Total liabilities and stockholders' equity |
$ 1,537,555 |
$ 1,573,249 |
$1,569,853 |
|
|
|
|
ASU 2015-03 Term Loan deferred costs netted against balance |
|
|
|
Debt (includes Capital Leases) |
|
|
|
Earn-Out Contingencies |
|
|
|
Total Indebtness |
|
|
|