Financial Statement

Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except share amounts)
  December 31, 2019 December 31, 2018
ASSETS (Unaudited)  
Current assets:    
Cash and cash equivalents $73,228 $133,907
Receivables from service providers $25,607 33,439
Short-term investments 4,443 31,192
Restricted cash 35,051 8,317
Fiduciary funds- restricted 4,966 6,491
Trade accounts receivable, less allowances of $21,011 and $6,969, respectively 153,565 174,340
Other current assets 67,074 59,274
Total current assets 363,934 427,380
 
Property and equipment, net 48,421 50,294
Right-of-use assets 19,544 —
Goodwill 952,404 946,685
Intangible assets, net 46,955 51,448
Indefinite-lived intangibles 42,055 42,055
Capitalized software development costs, net 19,183 11,742
Deferred tax asset, net 69,227 54,629
Other assets 29,896 26,714
Total assets $1,591,619 $1,610,947
     
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current liabilities:    
Accounts payable and accrued liabilities $84,735 $130,221
Payables to service agents $12,196 -
Accrued payroll and related benefits 8,755 9,227
Working capital facility 28,352 17,841
Fiduciary funds- restricted 4,966 6,491
Short-term debt 1,167 3,990
Current portion of long term debt and financing lease obligation, net of deferred financing
costs of $575		 22,091 14,603
Lease liability 5,955 —
Contingent liability for accrued earn-out acquisition consideration 8,621 13,767
Contract liabilities 28,712 35,609
Other current liabilities 29,335 85,679
Total current liabilities 234,885 317,428
 
Revolving line of credit 438,037 424,537
Other long term debt and capital lease obligation, less current portion, net of discount 254,467 274,716
Other liabilities 40,339 28,287
Contingent liability for accrued earn-out acquisition consideration 1,474 11,209
Contract liabilities 8,541 9,051
Deferred tax liability, net 1,235 1,282
Lease liability 13,196 438
Total liabilities 992,174 1,066,510
 
Stockholders’ equity:    
Common stock, $.10 par value 3,049 3,057
Additional paid-in capital 6,960 3,397
Retained earnings 618,503 535,118
Accumulated other comprehensive loss (78,398) (63,377)
Total Ebix, Inc. stockholders’ equity 550,114 478,195
Noncontrolling interest 49,331 66,242
Total stockholders’ equity 599,445 544,437
Total liabilities and stockholders’ equity $1,591,619 $1,610,947
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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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