Financial Statement

Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except share amounts)
  June 30,
2022		 December 31,
2021
ASSETS (Unaudited)  
Current assets:    
Cash and cash equivalents $67,511 $99,625
Receivables from service providers 3,546 1,352
Short-term investments 19,767 16,463
Restricted cash 9,415 9,080
Fiduciary funds - restricted 1,782 2,046
Trade accounts receivable, less allowances of  $20,312 and $19,874, respectively 161,099 153,609
Other current assets 91,527 84,389
Total current assets 354,647 366,564
     
Property and equipment, net 58,405 54,359
Right-of-use assets 9,753 10,051
Goodwill 906,807 939,249
Intangibles, net 40,873 46,795
Indefinite-lived intangibles 16,647 16,647
Capitalized software development costs, net 23,404 21,565
Deferred tax asset, net 105,389 84,514
Other assets 31,519 33,505
Total assets $1,547,444 $1,573,249
     
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current liabilities:    
Accounts payable and accrued liabilities $90,551 $86,181
Payables to service agents 7,470 6,296
Accrued payroll and related benefits 11,991 11,360
Working capital facility 3,696 5,607
Fiduciary funds - restricted 1,782 2,046
Revolving line of credit 439,402 —
Short-term debt 281 1,954
Current portion of long term debt and financing lease obligations, net of deferred financing costs of $1,910 and $1,635, respectively 196,975 28,577
Contract liabilities 39,918 33,164
Lease liability 3,361 3,173
Other current liabilities 32,276 26,837
Total current liabilities 827,703 205,195
     
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 227 184,676
Contingent liability for accrued earn-out acquisition consideration 2,412 2,557
Contract liabilities 9,033 8,193
Lease liability 6,720 7,139
Deferred tax liability, net 1,150 1,150
Other liabilities 20,809 25,383
Total liabilities 868,054 873,695
     
     
Stockholders’equity:    
Preferred stock, $0.10 par value, 500,000 shares authorized, no shares issued and outstanding at June 30, 2022 and December 31, 2021 — —
Series Y Convertible preferred stock, $0.10 par value, 350,000 shares authorized, no shares issued and outstanding at June 30, 2022 and December 31,2021 — —
Common stock, $0.10 par value, 220,000,000 shares authorized, 30,755,500 issued and outstanding, at June 30, 2022, and 30,683,393 issued and outstanding at December 31, 2021 3,075 3,068
Additional paid-in capital 16,931 15,068
Retained earnings 793,106 759,208
Accumulated other comprehensive loss (176,649) (122,022)
Total Ebix, Inc. stockholders’ equity 636,463 655,322
Noncontrolling interest 42,927 44,232
Total stockholders’ equity 679,390 699,554
Total liabilities and stockholders’ equity $1,547,444 $1,573,249
Investor Home

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

Ebix Named in Fortune’s 2017 100 Fastest-Growing Companies

Follow us

   

Ebix Inc.
1 Ebix Way, Johns Creek,
GA 30097

Tel: +1 (678) 281-2020
Fax: +1 (678) 281-2019

  • Join Us

Copyright © 2022 Ebix Inc. Terms Of Use | Privacy Statement