Financial Statement
Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except share amounts)
| September 30, 2015 | March 31, 2015 | |
(In thousands, except share and per share amounts) |
||
| ASSETS | (Unaudited) | |
| Current assets: | ||
| Cash and cash equivalents | $33,200 | $27,197 |
| Short-term investments | 1,014 | $265 |
| Trade accounts receivable, less allowances of $1,049 and $1,157, respectively | 47,166 | $44,869 |
| Deferred tax asset, net | 802 | 2,021 |
| Other current assets | 11,058 | 8,643 |
| Total current assets | 93,240 | 82,995 |
| Property and equipment, net | 33,583 | 28,121 |
| Goodwill | 408,093 | 399,408 |
| Intangibles, net | 49,591 | 46,875 |
| Indefinite-lived intangibles | 30,887 | 30,887 |
| Deferred tax asset, net | 20,563 | 19,203 |
| Other assets | 12522 | 5739 |
| Total assets | $648,479 | $613,228 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Line of credit | ||
| Accounts payable and accrued liabilities | 21,703 | 18,471 |
| Accrued payroll and related benefits | 6,020 | 4,554 |
| Short term debt | ||
| Revolving line of credit | ||
| Liability – securities litigation settlement | ||
| Contingent liability for accrued earn-out acquisition consideration | 1,690 | 887 |
| Contingent liability – securities litigation | ||
| Current portion of long term debt and capital lease obligation, net of discount of $10 and $13, respectively | 607 | 631 |
| Convertible Debt, short term position | ||
| Put option liability | ||
| Deferred revenue | 19,251 | 22,858 |
| Current deferred rent | 311 | 282 |
| Deferred tax liability, net | ||
| Other current liabilities | 98 | 102 |
| Total current liabilities | 49,680 | 47,785 |
| Revolving line of credit | 186,465 | 135,465 |
| Long term debt and capital lease obligations, less current portion, net of discount of $10 and $38, respectively | 41 | 593 |
| Contingent liability for accrued earn-out acquisition consideration | 6,323 | 4,443 |
| Put option liability | — | — |
| Deferred rent | 1,847 | 1,962 |
| Deferred revenue | 1,803 | 1,837 |
| Long term deferred rent | ||
| Other liabilities | 2,157 | 2,449 |
| Total liabilities | 248,316 | 194,534 |
| Temporary equity | ||
| Stockholders' equity: | ||
| Convertible D Preferred stock, $.10 par value, 500,000 shares authorized, no shares issued and outstanding at Sep 30, 2015 and December 31, 2014 | — | — |
| Common stock, $.10 par value, 60,000,000 shares authorized, 33,787,094 issued and outstanding, respectively at Sep 30, 2015 and 36,232,074 issued and 36,191,565 outstanding at December 31, 2014 | 3,378 | 3,527 |
| Additional paid-in capital | 69,756 | 113,383 |
| Treasury stock* (no shares as of Sep 30, 2015 and 40,509 as of December 31, 2014 respectively) | ||
| Retained earnings (Accumulated deficit) | 359,341 | 325,333 |
| Accumulated other comprehensive income (loss) | 32,312 | (23,549)) |
| Total stockholders' equity | $400,163 | 418,694 |
| Total liabilities, temporary equity and stockholders' equity | $648,479 | $613,228 |
Investor Home
