XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 88,023,000 $ 73,228,000
Receivables from service providers 19,758,000 25,607,000
Short-term investments 24,522,000 4,443,000
Restricted cash 7,902,000 35,051,000
Fiduciary funds - restricted 4,757,000 4,966,000
Trade accounts receivable, less allowances of $21,908 and $21,696, respectively 132,089,000 153,565,000
Other current assets 69,917,000 67,074,000
Total current assets 346,968,000 363,934,000
Property and equipment, net 48,525,000 48,421,000
Right-of-use assets 13,604,000 19,544,000
Goodwill 938,680,000 952,404,000
Intangibles, net 52,864,000 46,955,000
Indefinite-lived intangibles 27,815,000 42,055,000
Capitalized software development costs, net 20,420,000 19,183,000
Deferred tax asset, net 66,992,000 69,227,000
Other assets 34,682,000 29,896,000
Total assets 1,550,550,000 1,591,619,000
Current liabilities:    
Accounts payable and accrued liabilities 68,941,000 84,735,000
Payables to service agents 8,224,000 12,196,000
Accrued payroll and related benefits 12,079,000 8,755,000
Working capital facility 7,546,000 28,352,000
Fiduciary funds - restricted 4,757,000 4,966,000
Short-term debt 8,349,000 1,167,000
Contingent liability for accrued earn-out acquisition consideration 3,352,000 8,621,000
Current portion of long term debt and financing lease obligations, net of deferred financing costs of $920 and $575 , respectively 23,620,000 22,091,000
Contract liabilities 27,807,000 28,712,000
Lease liability 4,392,000 5,955,000
Other current liabilities 29,341,000 29,335,000
Total current liabilities 198,408,000 234,885,000
Revolving line of credit 439,402,000 438,037,000
Long term debt and financing lease obligations, less current portion, net of deferred financing costs of $1,293 and $1,534, respectively 237,608,000 254,467,000
Contingent liability for accrued earn-out acquisition consideration 0 1,474,000
Contract liabilities 7,474,000 8,541,000
Lease liability 9,128,000 13,196,000
Deferred tax liability, net 1,235,000 1,235,000
Other liabilities 26,725,000 40,339,000
Total liabilities 919,980,000 992,174,000
Stockholders’ equity:    
Preferred stock, $0.10 par value, 500,000 shares authorized, no shares issued and outstanding at September 30, 2020 and December 31, 2019 0 0
Series Y Convertible preferred stock, $0.10 par value, 350,000 shares authorized, no shares issued and outstanding at September 30, 2020 and no shares authorized, issue and outstanding at December 31, 2019 0 0
Common stock, $0.10 par value, 220,000,000 shares authorized, 30,526,793 issued and outstanding, at September 30, 2020, and 30,492,044 issued and outstanding at December 31, 2019 3,053,000 3,049,000
Additional paid-in capital 10,537,000 6,960,000
Retained earnings 683,131,000 618,503,000
Accumulated other comprehensive loss (114,295,000) (78,398,000)
Total Ebix, Inc. stockholders’ equity 582,426,000 550,114,000
Noncontrolling interest 48,144,000 49,331,000
Total stockholders’ equity 630,570,000 599,445,000
Total liabilities and stockholders’ equity $ 1,550,550,000 $ 1,591,619,000