Financial Statement

Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
  Year Ended December 31,
  2022 2021 2020
  (In thousands, except per share amounts)
Operating revenue: $ 1,050,146 $ 994,938 $ 625,609
       
Operating expenses:      
Costs of services provided 721,515 705,390 343,262
Product development 41,188 40,015 35,267
Sales and marketing 17,369 14,434 13,835
General and administrative, net 131,199 100,911 87,537
Amortization and depreciation 18,531 15,178 13,738
Impairment of intangible asset — — 6,168
Total operating expenses 929,802 875,928 499,807
       
Operating income 120,344 119,010 125,802
Interest income 253 83 167
Interest expense (55,068) (41,370) (31,578)
Non-operating (loss) income (1,828) (3,766) 153
Non-operating expense - litigation settlement — — —
Foreign currency exchange loss, net 8,374 (434) (387)
Income before income taxes 72,075 73,523 94,157
Income tax provision (9,447) (6,584) (5,330)
Net income including noncontrolling interest $ 62,628 $ 66,939 $ 88,827
Net loss attributable to noncontrolling interest (2,017) (1,249) (3,550)
Net income attributable to Ebix, Inc. $ 64,645 $ 68,188 $ 92,377
Basic earnings per common share $ 2.10 $ 2.23 $ 3.03
Diluted earnings per common share $ 2.10 $ 2.22 $ 3.02
Basic weighted average shares outstanding 30,761 30,625 30,510
Diluted weighted average shares outstanding 30,761 30,664 30,571
       
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EBIX Inc
1 Ebix Way, Johns Creek, Georgia 30097
Ph: 678-281-2027 Fax: 678-281-2019

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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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