Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
  Three Months Ended
  March 31,
  2019 2018
Operating revenue $ 142,924 $ 108,230
     
Operating expenses:    
Cost of services provided 45,929 39,591
Product development 11,242 8,434
Sales and marketing 6,121 3,998
General and administrative, net 21,444 19,504
Amortization and depreciation 4,057 2,807
Total operating expenses 88,793 74,334
     
Operating income 54,131 33,896
Interest income 350 121
Interest expense (9,818) (4,847)
Non-operating income 3 53
Non-operating expense - litigation settlement (20,452) -
Foreign currency exchange loss (255) (641)
Income before income taxes 23,959 28,582
Income tax benefit (expense) 1,084 (2,126)
Net income including noncontrolling interest 25,043 26,456
Net income (loss) attributable to noncontrolling interest (667) 248
Net income attributable to Ebix, Inc. $ 25,710 $ 26,208
     
Basic earnings per common share attributable to Ebix, Inc. $ 0.84 $ 0.83
     
Diluted earnings per common share attributable to Ebix, Inc. $ 0.84 $ 0.83
     
Basic weighted average shares outstanding 30,524 31,482
     
Diluted weighted average shares outstanding 30,604 31,659

Investor Contacts

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