Financial Statement

Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except share amounts)
  December 31,
2014		 December 31,
2013
  (In thousands, except share and per share amounts)

 

 Unaudited Audited
ASSETS  

 
Current assets:

 

 
Cash and cash equivalents $ 52,300 $ 56,674
Short-term investments 281 801
Trade accounts receivable, less allowances of $1,619 and $1,049, respectively 41,100 39,070
Deferred tax asset, net 2,113 256
Other current assets 8,067 5,548
Total current assets 103,861 102,349
Property and equipment, net 24,661 8,528
Goodwill 402,220 337,068
Intangibles, net 49,371 50,734
Indefinite-lived intangibles 30,887 30,887
Deferred tax asset, net 18,758 12,194
Other assets 4,553 3,682
Total assets $ 634,311 $ 545,442
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current liabilities:    
Accounts payable and accrued liabilities $ 40,121 $ 17,818
Accrued payroll and related benefits 5,280 6,482
Short term debt - 13,062
Liability - securities litigation settlement - 4,226
Contingent liability for accrued earn-out acquisition consideration - 4,137
Current portion of long term debt and capital lease obligation, net of discount of $7 and $10, respectively 636 827
Put option liability - 845
Deferred revenue 22,192 18,918
Current deferred rent 268 254
Other current liabilities 102 106
Total current liabilities 68,599 66,675
Revolving line of credit 120,465 22,840
Other long term debt and capital lease obligation, less current portion, net of discount of $7 and $38, respectively 893 20,124
Contingent liability for accrued earn-out acquisition consideration 5,367 10,283
Deferred revenue 2,496 391
Long term deferred rent 2,091 2,185
Other liabilities 2,179 4,719
Total liabilities 202,090 127,217
Temporary equity - 5,000
     
Stockholders’ equity:    
Convertible Series D Preferred stock, $.10 par value, 500,000 shares authorized, no shares issued and outstanding at December 31, 2014 and 2013 - -
Common stock, $.10 par value, 60,000,000 shares authorized, 36,232,074 issued and 36,191,565 outstanding at December 31, 2014 and 38,088,391 issued and 38,047,882 outstanding at December 31, 2013 3,619 3,805
Additional paid-in capital 137,101 164,216
Treasury stock (40,509 shares as of December 31, 2014 and December 31, 2013) (76 ) (76 )
Retained earnings 309,726 257,574
Accumulated other comprehensive loss (18,149 ) (12,294 )
Total stockholders’ equity 432,221 413,225
Total liabilities, temporary equity and stockholders’ equity $ 634,311 $ 545,442
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5 Concourse Parkway, Suite 3200, Atlanta, Georgia 30328
Ph: 678-281-2043 Fax: 678-281-2019
www.ebix.com
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