Financial Statement

Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except share amounts)
  March 31,
2022		 December 31,
2021
ASSETS (Unaudited)  
Current assets:    
Cash and cash equivalents $75,943 $99,625
Receivables from service providers 1,981 1,352
Short-term investments 16,194 16,463
Restricted cash 10,100 9,080
Fiduciary funds - restricted 1,799 2,046
Trade accounts receivable, less allowances of $19,225 and $19,874, respectively 151,793 153,609
Other current assets 81,759 84,389
Total current assets 339,569 366,564
     
Property and equipment, net 61,740 54,359
Right-of-use assets 9,853 10,051
Goodwill 931,558 939,249
Intangibles, net 44,134 46,795
Indefinite-lived intangibles 16,647 16,647
Capitalized software development costs, net 23,253 21,565
Deferred tax asset, net 101,100 84,514
Other assets 32,165 33,505
Total assets $1,560,019 $1,573,249
     
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current liabilities:    
Accounts payable and accrued liabilities $75,785 $86,181
Payables to service agents 4,989 6,296
Accrued payroll and related benefits 10,367 11,360
Working capital facility 1,824 5,607
Fiduciary funds - restricted 1,799 2,046
Revolving line of credit 439,402 —
Short-term debt 1,122 1,954
Current portion of long term debt and financing lease obligations, net of deferred financing costs of $1,489 and $1,635, respectively 204,939 28,577
Contract liabilities 41,033 33,164
Lease liability 3,366 3,173
Other current liabilities 28,844 26,837
Total current liabilities 813,470 205,195
     
Revolving line of credit — 439,402
Long term debt and financing lease obligations, less current portion, net of deferred financing costs of $0 and $261, respectively 266 184,676
Contingent liability for accrued earn-out acquisition consideration 2,516 2,557
Contract liabilities 8,557 8,193
Lease liability 6,844 7,139
Deferred tax liability, net 1,150 1,150
Other liabilities 21,957 25,383
Total liabilities 854,760 873,695
     
     
Stockholders’ equity:    
Preferred stock, $0.10 par value, 500,000 shares authorized, no shares issued and outstanding at March 31, 2022 and December 31, 2021 — —
Series Y Convertible preferred stock, $0.10 par value, 350,000 shares authorized, no shares issued and outstanding at March 31, 2022 and December 31, 2021 — —
Common stock, $0.10 par value, 220,000,000 shares authorized, 30,722,267 issued and outstanding, at March 31, 2022, and 30,683,393 issued and outstanding at December 31, 2021 3,072 3,068
Additional paid-in capital 15,994 15,068
Retained earnings 776,081 759,208
Accumulated other comprehensive loss (133,306) (122,022)
Total Ebix, Inc. stockholders’ equity 661,841 655,322
Noncontrolling interest 43,418 44,232
Total stockholders’ equity 705,259 699,554
Total liabilities and stockholders’ equity $1,560,019 $1,573,249
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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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