Financial Statement

Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except share amounts)

 

June 30,

2009

  December 31,

2008

  (Unaudited)    
ASSETS      
Current assets:      
Cash and cash equivalents $ 11,876     $ 9,475  
Short-term investments   3,154       1,536  
Accounts receivable, less allowance of $548 and $453, respectively   16,394       13,562  
Other current assets   1,558       951  
Total current assets   32,982       25,524  
       
Property and equipment, net   4,668       3,774  
Goodwill   102,251       88,488  
Indefinite-lived intangibles   13,637       11,589  
Other intangible assets, net   11,014       10,235  
Other assets   636       1,557  
       
Total assets $ 165,188     $ 141,167  
       
LIABILITIES AND STOCKHOLDERS' EQUITY      
Current liabilities:      
Accounts payable and accrued expenses $ 3,766     $ 8,245  
Accrued payroll and related benefits   2,353       2,709  
Short term debt   24,945       24,945  
Current portion of convertible debt   5,306       11,518  
Current portion of long term debt and capital lease obligations   212       912  
Deferred revenue   7,671       5,383  
Other current liabilities   212       142  
       
Total current liabilities   44,465       53,854  
       
Convertible debt   15,000       15,000  
Long term debt and capital lease obligation, less current portion   419       290  
Other liabilities   2,708       941  
Deferred revenue   96       330  
Deferred rent   730       610  
       
Total liabilities   63,4185       71,025  
       
Commitments and Contingencies, Note 9      
       
Stockholders' equity:      
Convertible Series D Preferred stock,
$.10 par value, 500,000 shares authorized,
no shares issued and outstanding 		 

—

      —  

Common stock, $.10 par value,
20,000,000 shares authorized,
10,331,872 issued and
10,318,369 outstanding at June 30, 2009 and
10,006,455 issued and
9,946,710 outstanding at December 31, 2008

  1,032       981  
Additional paid-in capital   118,282       111,641  
Treasury stock
(13,503 and 59,745 shares repurchased as of
June 30, 2009 and December 31, 2008 respectively) 		  (76)       (1,178)  
Accumulated deficit   (12,908)       (30,199)  
Accumulated other comprehensive income   (4,560       (11,103)  
Total stockholders' equity   101,770       70,142  
       
Total liabilities and stockholders' equity $ 165,188     $ 141,167  
               
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5 Concourse Parkway, Suite 3200, Atlanta, Georgia 30328
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www.ebix.com
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