Financial Statement

Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
  Year Ended December 31,
  2021 2020 2019
  (In thousands, except per share amounts)
Operating revenue: $ 994,938 $ 625,609 $ 580,615
       
Operating expenses:      
Costs of services provided 705,390 343,262 205,165
Product development 40,015 35,267 45,302
Sales and marketing 14,434 13,835 19,578
General and administrative, net 100,911 87,537 140,429
Amortization and depreciation 15,178 13,738 14,468
Impairment of intangible asset — 6,168 —
Total operating expenses 875,928 499,807 424,942
       
Operating income 119,010 125,802 155,673
Interest income 83 167 629
Interest expense (41,370) (31,578) (42,332)
Non-operating (loss) income (3,766) 153 337
Non-operating expense - litigation settlement — — (21,140)
Foreign currency exchange loss, net (434) (387) (2,376)
Income before income taxes 73,523 94,157 90,791
Income tax provision (6,584) (5,330) (220)
Net income including noncontrolling interest $ 66,939 $ 88,827 $ 90,571
Net loss attributable to noncontrolling interest (1,249) (3,550) (6,149)
Net income attributable to Ebix, Inc. $ 68,188 $ 92,377 $ 96,720
Basic earnings per common share $ 2.23 $ 3.03 $ 3.17
Diluted earnings per common share $ 2.22 $ 3.02 $ 3.16
Basic weighted average shares outstanding 30,625 30,510 30,511
Diluted weighted average shares outstanding 30,664 30,571 30,594
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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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