Financial Statement

March 31,
2017

December 31,
2016

ASSETS

(Unaudited)

Current assets:

Cash and cash equivalents

Short-term investments

3,260

3,105

Restricted cash

11,249

17,217

Trade accounts receivable, less allowances of $2,962 and $2,833, respectively

68,424

62,713

Other current assets

13,896

12,716

Total current assets

217,024

209,869

Property and equipment, net

38,823

37,061

Goodwill

443,304

441,404

Intangibles, net

39,683

41,336

Indefinite-lived intangibles

30,887

30,887

Capitalized software development costs, net

6,108

5,955

Deferred tax asset, net

33,741

31,345

Other assets

5,620

5,898

Total assets

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Accounts payable and accrued liabilities

Accrued payroll and related benefits

6,595

7,474

Short term debt, net of deferred financing costs of $136, respectively

12,364

12,364

Capital lease obligations

9

9

Current deferred rent

285

281

Contingent liability for accrued earn-out acquisition consideration

1,943

1,921

Deferred revenue

23,643

22,564

Other current liabilities

276

244

Total current liabilities

69,063

89,712

Revolving line of credit

194,029

154,029

Long term debt and capital lease obligations, less current portion, net of deferred financing costs of $435 and $452, respectively

102,713

105,824

Other liabilities

7,005

6,070

Contingent liability for accrued earn-out acquisition consideration

6,810

6,589

Deferred revenue

1,342

1,886

Long term deferred rent

913

1,009

Total liabilities

381,875

365,119

Commitments and Contingencies

Stockholders’ equity:

Preferred stock, $0.10 par value, 500,000 shares authorized, no shares issued and outstanding at March 31, 2017 and December 31, 2016

—

—

Common stock, $0.10 par value, 60,000,000 shares authorized, 31,524,369 issued and outstanding, at March 31, 2017 and 32,093,294 issued and outstanding at December 31, 2016

3,152

3,209

Additional paid-in capital

—

—

Retained earnings

447,824

457,364

Accumulated other comprehensive loss

(31,160

(33,677

Total Ebix, Inc. stockholders’ equity

419,816

426,896

Noncontrolling interest

13,499

11,740

Total stockholders' equity

433,315

438,636

Total liabilities and stockholders’ equity