Financial Statement

Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except share amounts)
  March 31, 2018
(Unaudited)		 December 31, 2017
ASSETS    
Current assets:    
Cash and cash equivalents $ 111,898 $ 63,895
Short-term investments 18,356 25,592
Restricted cash 3,992 4,040
Fiduciary funds- restricted 8,645 8,035
Trade accounts receivable, less allowances of $5,138 and $4,143, respectively 117,443 117,838
Other current assets 30,533 33,532
Total current assets 290,867 252,932
     
Property and equipment, net 40,647 41,704
Goodwill 672,159 666,863
Intangibles, net 43,679 45,711
Indefinite-lived intangibles 42,055 42,055
Capitalized software development costs, net 8,659 8,499
Deferred tax asset, net 48,489 43,529
Other assets 15,889 11,720
Total assets $ 1,162,444 $ 1,113,013
     
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current liabilities:    
Accounts payable and accrued liabilities $ 77,231 $ 75,073
Accrued payroll and related benefits 7,235 8,201
Cash overdraft 9,941 9,243
Fiduciary funds- restricted 8,645 8,035
Short term debt, net of deferred financing costs of $449 and $136, respectively 13,824 14,364
Capital lease obligations 17 17
Deferred rent 205 278
Contingent liability for accrued earn-out acquisition consideration 4,000 4,000
Deferred revenue 27,492 22,562
Other current liabilities 10,085 5,159
Total current liabilities 158,675 146,932
     
Revolving line of credit 173,694 274,529
Long term debt and capital lease obligations, less current portion, net of deferred financing costs of $1,748 and $298, respectively 235,778 110,978
Other liabilities 11,632 11,658
Contingent liability for accrued earn-out acquisition consideration 32,511 33,096
Deferred revenue 8,822 1,423
Deferred rent 405 638
Total liabilities 621,517 579,254
     
Stockholders’ equity:    
Common stock, $0.10 par value, 120,000,000 shares authorized, 31,458,976 issued and outstanding, at March 31, 2018, 2017 and 120,000,000 shares authorized, 31,476,428 issued and outstanding at December 31, 2017 3,146 3,148
Additional paid-in capital 0 1,410
Retained earnings 523,668 510,975
Accumulated other comprehensive loss (28,782) (24,023)
Total Ebix, Inc. stockholders’ equity 498,032 491,510
Noncontrolling interest 42,895 42,249
Total stockholders' equity 540,927 533,759
Total liabilities and stockholders’ equity $ 1,162,444 $ 1,113,013
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