Financial Statement

Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except share amounts)
  June 30,
2017		 December 31,
2016
ASSETS (Unaudited)  
Current assets:    
Cash and cash equivalents $68,449 $114,118
Short-term investments 12,861 3,105
Restricted cash 14,266 14,394
Trade accounts receivable, less allowances of $3,356 and $2,833, respectively 83,345 62,713
Other current assets 15,199 12,716
Total current assets 194,120 207,046
Property and equipment, net 40,939 37,061
Goodwill 557,502 441,404
Intangibles, net 49,076 41,336
Indefinite-lived intangibles 30,887 30,887
Capitalized software development costs, net 6,602 5,955
Deferred tax asset, net 35,328 31,345
Other assets 8,875 8,721
Total assets $923,329 $803,755
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current liabilities:    
Accounts payable and accrued liabilities $39,665 $44,855
Accrued payroll and related benefits 6,123 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 286 281
Contingent liability for accrued earn-out acquisition consideration 6,022 1,921
Deferred revenue 21,731 22,564
Other current liabilities 244 244
Total current liabilities 86,444 89,712
Revolving line of credit 214,029 154,029
Long term debt and capital lease obligations, less current portion, net of deferred financing costs of $401 and $452, respectively 99,619 105,824
Other liabilities 9,188 6,070
Contingent liability for accrued earn-out acquisition consideration 33,438 6,589
Deferred revenue 1,338 1,886
Long term deferred rent 834 1,009
Total liabilities 444,890 365,119
Stockholders’ equity:    
Preferred stock, $0.10 par value, 500,000 shares authorized, no shares issued and outstanding at June 30, 2017 and December 31, 2016 — —
Common stock, $0.10 par value, 120,000,000 shares authorized, 31,443,622 issued and outstanding, at June 30, 2017 and 60,000,000 shares authorized, 32,093,294 issued and outstanding at December 31, 2016 3,144 3,209
Retained earnings 464,963 457,364
Accumulated other comprehensive loss (30,419) (33,677)
Total Ebix, Inc. stockholders’ equity 437,688 426,896
Noncontrolling interest 40,751 11,740
Total stockholders' equity 478,439 438,636
Total liabilities and stockholders’ equity $923,329 $803,755
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