Financial Statement

Ebix, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands, except share amounts)
  September30,
2022		 December 31,
2021
ASSETS (Unaudited)  
Current assets:    
Cash and cash equivalents $ 70,977 $ 99,625
Receivables from service providers 1,456 1,352
Short-term investments 19,705 16,463
Restricted cash 7,990 9,080
Fiduciary funds - restricted 2,031 2,046
Trade accounts receivable, less allowances of $18,772 and $19,874, respectively 156,110 153,609
Other current assets 78,007 84,389
Total current assets 336,276 366,564
     
Property and equipment, net 58,439 54,359
Right-of-use assets 9,583 10,051
Goodwill 887,302 939,249
Intangibles, net 38,025 46,795
Indefinite-lived intangibles 16,647 16,647
Capitalized software development costs, net 23,690 21,565
Deferred tax asset, net 104,299 84,514
Other assets 30,677 33,505
Total assets $ 1,504,938 $1,573,249
     
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current liabilities:    
Accounts payable and accrued liabilities $ 75,691 $ 86,181
Payables to service agents 13,626 6,296
Accrued payroll and related benefits 9,864 11,360
Working capital facility 6,052 5,607
Fiduciary funds - restricted 2,031 2,046
Revolving line of credit 439,401 —
Short-term debt — 1,954
Current portion of long term debt and financing lease obligations, net of deferred financing costs of $1,189 and $1,635, respectively 190,155 28,577
Contract liabilities 33,134 33,164
Lease liability 3,313 3,173
Other current liabilities 32,060 26,837
Total current liabilities 805,327 205,195
     
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 194 184,676
Contingent liability for accrued earn-out acquisition consideration 2,332 2,557
Contract liabilities 8,498 8,193
Lease liability 6,571 7,139
Deferred tax liability, net 1,150 1,150
Other liabilities 20,840 25,383
Total liabilities 844,912 873,695
     
     
Stockholders’ equity:    
Preferred stock, $0.10 par value, 500,000 shares authorized, no shares issued and outstanding at September 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 September 30, 2022 and December 31, 2021 — —
Common stock, $0.10 par value, 220,000,000 shares authorized, 30,787,595 issued and outstanding, at September 30, 2022, and 30,683,393 issued and outstanding at December 31, 2021 3,079 3,068
Additional paid-in capital 17,855 15,068
Retained earnings 809,037 759,208
Accumulated other comprehensive loss (212,148) (122,022)
Total Ebix, Inc. stockholders’ equity 617,823 655,322
Noncontrolling interest 42,203 44,232
Total stockholders’ equity 660,026 699,554
Total liabilities and stockholders’ equity $ 1,504,938 $ 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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