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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income attributable to Ebix, Inc. $ 68,188,000 $ 92,377,000 $ 96,720,000
Net loss attributable to noncontrolling interest (1,249,000) (3,550,000) (6,149,000)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 15,178,000 13,738,000 14,468,000
(Benefit) provision for doubtful accounts (2,334,000) 1,749,000 12,325,000
(Benefit) provision for deferred taxes, net of acquisitions and effects of currency translation (11,104,000) 5,114,000 (15,525,000)
Unrealized foreign exchange losses 0 0 1,104,000
Amortization of right-of-use assets 4,294,000 6,100,000 7,144,000
Amortization of capitalized software development costs 3,317,000 3,367,000 2,696,000
Share-based compensation 5,360,000 4,792,000 3,397,000
Reduction of acquisition earn-out contingent liability 0 (3,105,000) (16,543,000)
Cash paid for acquisition earn-out 0 (6,453,000) 0
Intangible asset impairment 0 6,168,000 0
Changes in assets and liabilities, net of effects from acquisitions:      
Accounts receivable (10,866,000) 3,258,000 (22,977,000)
Receivables from service providers 3,359,000 20,896,000 10,950,000
Payables to service agents 1,015,000 (6,915,000) (13,455,000)
Other assets (17,305,000) (10,487,000) (8,351,000)
Accounts payable and accrued expenses 18,545,000 (14,569,000) (19,624,000)
Accrued payroll and related benefits (143,000) 2,100,000 (661,000)
Lease liabilities (3,951,000) (5,700,000) (6,878,000)
Reserve for potential uncertain income tax return positions (2,071,000) 0 (95,000)
Contract liabilities 694,000 3,680,000 (8,149,000)
Other liabilities (1,456,000) (12,204,000) 30,396,000
Net cash provided by operating activities 69,471,000 100,356,000 60,793,000
Cash flows from investing activities:      
Investments in acquired businesses, net of cash acquired 0 (14,276,000) (105,466,000)
Cash paid to Paul Merchants for 10% stake in MTSS combined business and other investment 0 0 (5,348,000)
Maturities (purchases) of unrestricted marketable securities, net 8,567,000 (20,964,000) 27,015,000
Capitalized software development costs (5,700,000) (4,229,000) (7,989,000)
Capital expenditures (7,465,000) (5,337,000) (4,908,000)
Net cash used in investing activities (4,598,000) (44,806,000) (96,696,000)
Cash flows from financing activities:      
Proceeds from revolving line of credit, net 0 1,364,000 13,500,000
Principal payments of term loan obligation (42,594,000) (20,711,000) (15,063,000)
Payments of short-term notes, net 0 0 6,450,000
Working capital facilities (10,913,000) (10,927,000) 19,079,000
Repurchase of common stock 0 0 (12,952,000)
Proceeds (payments) of short-term debt, net 1,075,000 (271,000) (686,000)
Payments of finance lease obligations, net (100,000) (210,000) 0
Proceeds from exercise of common stock options 0 636,000 0
Forfeiture of certain shares to satisfy exercise costs and the recipients income tax obligations related to stock options exercised and restricted stock vested (1,402,000) (2,589,000) (230,000)
Dividend payments (9,284,000) (9,245,000) (9,193,000)
Net cash (used in) provided by financing activities (63,218,000) (41,953,000) 905,000
Effect of foreign exchange rates on cash and cash equivalents (7,104,000) (4,753,000) (3,314,000)
Net change in cash and cash equivalents, and restricted cash (5,449,000) 8,844,000 (38,312,000)
Cash and cash equivalents, and restricted cash at the beginning of the year 120,213,000 111,369,000 149,681,000
Cash and cash equivalents, and restricted cash at the end of the year 114,764,000 120,213,000 111,369,000
Supplemental disclosures of cash flow information:      
Interest paid 30,369,000 29,498,000 41,143,000
Income taxes paid $ 17,675,000 $ 21,321,000 $ 24,041,000