Financial Statement

Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
  Three Months Ended Six Months Ended
  June 30, June 30,
  2019 2018 2019 2018
Operating revenue $144,275 $124,626 $287,199 $232,856
 
Operating expenses:  
Cost of services provided 50,954 43,559 96,883 83,150
Product development 11,397 8,671 22,639 17,105
Sales and marketing 4,493 4,823 10,614 8,821
General and administrative, net 32,866 26,724 54,310 46,228
Amortization and depreciation 3,283 2,534 7,340 5,341
Total operating expenses 102,993 86,311 191,786 160,645
         
Operating income 41,282 38,315 95,413 72,211
Interest income 129 85 479 206
Interest expense (11,763) (5,750) (21,581) (10,597)
Non-operating income (loss) (11) — (8) 53
Non-operating expense - litigation settlement (688) — (21,140) —
Foreign currency exchange gain (loss) 401 (1,357) 146 (1,998)
Income before income taxes 29,350 31,293 53,309 59,875
Income tax benefit (expense) (1,004) (2,222) 80 (4,348)
Net income including noncontrolling interest 28,346 29,071 53,389 55,527
Net income (loss) attributable to noncontrolling interest (505) (109) (1,172) 139
Net income attributable to Ebix, Inc. $28,851 $29,180 $54,561 $55,388
 
Basic earnings per common share attributable to Ebix, Inc. $0.95 $0.93 $1.79 $1.76
 
Diluted earnings per common share attributable to Ebix, Inc. $0.94 $0.92 $1.78 $1.75
         
Basic weighted average shares outstanding 30,528 31,465 30,526 31,474
         
Diluted weighted average shares outstanding 30,668 31,626 30,636 31,643
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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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