Financial Statement
Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
(In thousands, except per share data)
(Unaudited)
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2013 | 2012 | |
| Operating revenue | $ 52,566 | $ 43,827 |
| Operating expenses: | ||
| Cost of services provided | 9,891 | 9,029 |
| Product development | 7,035 | 4,272 |
| Sales and marketing | 3,912 | 3,812 |
| General and administrative | 9,971 | 6,444 |
| Amortization and depreciation | 2,452 | 1,941 |
| Total operating expenses | 33,261 | 25,498 |
| Operating income | 19,305 | 18,329 |
| Interest income | 93 | 167 |
| Interest expense | (362) | (253) |
| Other non-operating income | 82 | -- |
| Foreign currency exchange loss | (170) | (296) |
| Income before income taxes | 18,948 | 17,947 |
| Income tax expense | (1,604) | (2,262) |
| Net income | $ 17,344 | $ 15,685 |
| Basic earnings per common share | $ 0.47 | $ 0.43 |
| Diluted earnings per common share | $ 0.45 | $ 0.40 |
| Basic weighted average shares outstanding | 37,168 | 36,450 |
| Diluted weighted average shares outstanding | 38,779 | 39,523 |
Investor Home
