Financial Statement

Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except share amounts)
  June 30,
2023		 December 31,
2022
ASSETS (Unaudited)  
Current assets:    
Cash and cash equivalents $ 62,165 $ 110,637
Receivables from service providers 542 4,223
Short-term investments 14,392 17,438
Restricted cash 8,282 8,210
Fiduciary funds - restricted 1,735 2,092
Trade accounts receivable, less allowances of $18,885 and $18,167, respectively 163,166 154,533
Other current assets 98,598 87,387
Total current assets 348,880 384,520
     
Property and equipment, net 53,695 52,448
Right-of-use assets 8,695 9,636
Goodwill 887,101 881,676
Intangibles, net 47,995 50,900
Indefinite-lived intangibles 16,647 16,647
Capitalized software development costs, net 15,886 15,342
Deferred tax asset, net 124,289 96,290
Other assets 37,320 30,096
Total assets $ 1,540,508 $ 1,537,555
     
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current liabilities:    
Accounts payable and accrued liabilities $ 95,617 $ 99,194
Payables to service agents 18,737 11,299
Accrued payroll and related benefits 13,367 10,652
Working capital facility 5,043 3,367
Fiduciary funds – restricted 1,735 2,092
Revolving line of credit 444,902 449,902
Short-term debt 608 3,000
Current portion of long term debt and financing lease obligations, net of deferred financing costs of $934 and $469, respectively 172,857 190,866
Contract liabilities 37,769 32,029
Lease liability 3,024 3,354
Other current liabilities 25,629 25,783
Total current liabilities 819,288 831,538
     
Revolving line of credit — —
Long term debt and financing lease obligations, less current portion, net of deferred financing costs of $0 and $0, respectively 87 160
Contingent liability for accrued earn-out acquisition consideration 2,315 2,298
Contract liabilities 7,717 14,098
Lease liability 6,002 6,612
Deferred tax liability, net 1,150 1,150
Other liabilities 27,092 22,259
Total liabilities 863,651 878,115
     
     
Stockholders’ equity:    
Preferred stock, $0.10 par value, 500,000 shares authorized, no shares issued and outstanding at June 30, 2023 and December 31, 2022 — —
Series Y Convertible preferred stock, $0.10 par value, 350,000 shares authorized, no shares issued and outstanding at June 30, 2023 and December 31, 2022 — —
Common stock, $0.10 par value, 220,000,000 shares authorized, 30,877,258 issued and outstanding, at June 30, 2023, and 30,819,533 issued and outstanding at December 31, 2022 3,088 3,082
Additional paid-in capital 20,041 18,801
Retained earnings 822,162 814,781
Accumulated other comprehensive loss (209,326 ) (219,439 )
Total Ebix, Inc. stockholders’ equity 635,965 617,225
Noncontrolling interest 40,892 42,215
Total stockholders’ equity 676,857 659,440
Total liabilities and stockholders’ equity $ 1,540,508 $ 1,537,555
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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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