Financial Statement

Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except share amounts)
  June 30,
2019		 December 31,
2018
ASSETS (Unaudited)  
Current assets:
Cash and cash equivalents $102,210 $147,766
Short-term investments 4,860 31,192
Restricted cash 22,641 8,317
Fiduciary funds- restricted 4,393 6,491
Trade accounts receivable, less allowances of $9,985 and $6,969, respectively 175,323 174,340
Other current assets 60,747 59,274
Total current assets 370,174 427,380
 
Property and equipment, net 52,203 50,294
Right-of-use assets 18,066 —
Goodwill 971,929 946,685
Intangibles, net 46,456 51,448
Indefinite-lived intangibles 42,055 42,055
Capitalized software development costs, net 13,141 11,742
Deferred tax asset, net 60,135 54,629
Other assets 48,344 26,714
Total assets $1,622,503 $1,610,947
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities $127,202 $130,221
Accrued payroll and related benefits 7,769 9,227
Working capital facility 59,902 17,841
Fiduciary funds- restricted 4,393 6,491
Short-term debt 1,369 3,990
Current portion of long term debt and financing lease obligation, net of deferred financing
costs of $575		 18,258 14,603
Lease liability 6,035 —
Contingent liability for accrued earn-out acquisition consideration 1,315 13,767
Contract liabilities 30,369 35,609
Other current liabilities 15,820 85,679
Total current liabilities 272,432 317,428
 
Revolving line of credit 438,037 424,537
Long term debt and financing lease obligations, less current portion, net of deferred financing costs of $1,523 and $1,811, respectively 265,543 274,716
Other liabilities 28,123 28,287
Contingent liability for accrued earn-out acquisition consideration 9,504 11,209
Contract liabilities 8,161 9,051
Deferred tax liability, net 1,282 1,282
Lease liability 11,868 —
Total liabilities 1,034,950 1,066,510
 
Commitments and Contingencies
 
Stockholders’ equity:
Preferred stock, $0.10 par value, 500,000 shares authorized, no shares issued and outstanding at June 30, 2019 and December 31, 2018 — —
Common stock, $0.10 par value, 220,000,000 shares authorized, 30,529,840 issued and outstanding, at June 30, 2019, and 30,567,725 issued and outstanding at December 31, 2018 3,053 3,057
Additional paid-in capital 5,189 3,397
Retained earnings 582,913 535,118
Accumulated other comprehensive loss (55,484) (63,377)
Total Ebix, Inc. stockholders’ equity 535,671 478,195
Noncontrolling interest 51,882 66,242
Total stockholders’ equity 587,553 544,437
Total liabilities and stockholders’ equity $1,622,503 $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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