Financial Statement

Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except share amounts)
  March 31,
2019		 December 31,
2018
ASSETS (Unaudited)  
Current assets:    
Cash and cash equivalents $ 76,999 $ 147,766
Short-term investments 19,417 31,192
Restricted cash 29,743 8,317
Fiduciary funds- restricted 3,395 6,491
Trade accounts receivable, less allowances of $6,619 and $6,969, respectively 162,155 174,340
Other current assets 60,838 59,274
Total current assets 352,547 427,380
     
Property and equipment, net 50,012 50,294
Right-of-use assets 19,005 -
Goodwill 965,640 946,685
Intangibles, net 48,559 51,448
Indefinite-lived intangibles 42,055 42,055
Capitalized software development costs, net 12,905 11,742
Deferred tax asset, net 58,686 54,629
Other assets 31,583 26,714
Total assets $ 1,580,992 $ 1,610,947
     
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current liabilities:    
Accounts payable and accrued liabilities $ 121,180 $130,221
Accrued payroll and related benefits 8,334 9,227
Cash overdraft 18,925 17,841
Fiduciary funds- restricted 3,395 6,491
Short-term debt 1,441 3,990
Current portion of long-term debt and financing lease obligation, net of deferred financing
costs of $575		 16,368 14,603
Lease liability 6,046 -
Contingent liability for accrued earn-out acquisition consideration 2,291 13,767
Accrued litigation settlement 19,652 -
Deferred revenue 33,173 35,609
Other current liabilities 11,349 85,679
Total current liabilities 242,154 317,428
     
Revolving line of credit 438,037 424,537
Long term debt and capital lease obligations, less current portion, net of deferred financing costs of $1,666 and $1,811, respectively 271,075 274,716
Other liabilities 27,848 28,287
Contingent liability for accrued earn-out acquisition consideration 10,175 11,209
Deferred revenue 8,649 9,051
Deferred tax liability, net 1,282 1,282
Lease liability 12,724 -
Total liabilities 1,011,944 1,066,510
     
Commitments and Contingencies    
     
Stockholders’ equity:    
Preferred stock, $0.10 par value, 500,000 shares authorized, no shares issued and outstanding at March 31, 2019 and December 31, 2018 - -
Common stock, $0.10 par value, 220,000,000 shares authorized, 30,523,756 issued and outstanding, at March 31, 2019, and 30,567,725 issued and outstanding at December 31, 2018 3,052 3,057
Additional paid-in capital 4,350 3,397
Retained earnings 556,364 535,118
Accumulated other comprehensive loss (59,895) (63,377)
Total Ebix, Inc. stockholders’ equity 503,871 478,195
Noncontrolling interest 65,177 66,242
Total stockholders’ equity 569,048 544,437
Total liabilities and stockholders’ equity $ 1,580,992 $ 1,610,947
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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

Ebix Named in Fortune’s 2017 100 Fastest-Growing Companies

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