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Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income attributable to Ebix, Inc. $ 100,618 $ 93,847 $ 79,533
Net income attributable to noncontrolling 1,965 447 0
Adjustments to reconcile net income to cash provided by operating activities:      
Reduction of rent expense as a result of purchase accounting adjustment (948) 0 0
Depreciation and amortization 11,123 10,746 10,634
Provision for doubtful accounts 1,713 1,515 3,111
Provision for deferred taxes, net of acquisitions and effects of currency translation (13,667) (6,410) (10,143)
Unrealized foreign exchange (gain)/losses 1,387 32 (1,743)
Gain on investment interest in IHC/Ebix joint venture 0 (1,162) 0
Amortization of capitalized software development costs 2,175 1,116 0
Share-based compensation 2,818 2,794 1,821
Debt discount amortization on convertible debt 0 0 17
Reduction of acquisition earn-out contingent liability (164) (1,344) (1,533)
Changes in current assets and liabilities, net of acquisitions:      
Accounts receivable (34,245) (12,659) (7,320)
Other assets (2,133) (1,034) (3,834)
Accounts payable and accrued expenses 8,906 (3,703) (19,895)
Accrued payroll and related benefits (3,979) 170 (60)
Deferred rent (413) (234) (656)
Reserve for potential uncertain income tax return positions 5,879 490 95
Liability – securities litigation settlement 0 0 (690)
Other liabilities 252 (3,039) 1,111
Deferred revenue (4,480) 2,176 (1,762)
Net cash provided by operating activities 76,807 83,748 48,686
Cash flows from investing activities:      
Payments to Acquire Business, Held in Escrow (4,040) 0 0
Investment in EbixHealth JV, net of cash acquired 0 (696) (6,000)
Purchases of marketable securities 0 (2,115) (1,435)
Maturities of marketable securities 1,201 0 0
Capitalized software development costs (2,805) (3,988) (3,489)
Capital expenditures (7,385) (5,977) (13,994)
Net cash used in investing activities (207,111) (20,739) (37,393)
Cash flows from financing activities:      
Proceeds from / (Repayment) to line of credit, net 120,500 (52,436) 86,000
Proceeds from term loan 20,000 125,000 0
Principal payments on term loan obligation (13,000) (6,250) (642)
Increase (Decrease) in Bank Overdrafts 6,162 0 0
Repurchase of common stock (45,732) (59,784) (81,653)
Payments of long term debt 0 (600) 0
Payments for capital lease obligations (11) (5) (10)
Excess tax benefit from share-based compensation 0 0 463
Proceeds from exercise of common stock options 52 824 2,209
Forfeiture of certain shares to satisfy exercise costs and the recipients income tax obligations related to stock options exercised and restricted stock vested (398) (998) (2,202)
Dividends paid (9,545) (9,829) (10,472)
Net cash provided (used) by financing activities 78,028 (4,078) (6,307)
Effect of foreign exchange rates on cash and cash equivalents 2,053 (1,992) (107)
Net change in cash and cash equivalents (50,223) 56,939 4,879
Cash and cash equivalents at the beginning of the year 114,118 57,179 52,300
Cash and cash equivalents at the end of the year 63,895 114,118 57,179
Supplemental disclosures of cash flow information:      
Interest paid 12,552 7,219 5,379
Income taxes paid 10,426 16,634 28,637
Paul Merchants      
Cash flows from investing activities:      
Investments in acquired businesses, net of cash acquired (37,398) 0 0
Hope Health      
Cash flows from investing activities:      
Investments in acquired businesses, net of cash acquired 0 (1,643) 0
Via      
Cash flows from investing activities:      
Investments in acquired businesses, net of cash acquired (67,835) 0 0
Wall Street      
Cash flows from investing activities:      
Investments in acquired businesses, net of cash acquired (6,970) 0 0
YouFirst      
Cash flows from investing activities:      
Investments in acquired businesses, net of cash acquired (9,657) 0 0
ItzCash      
Cash flows from investing activities:      
Investments in acquired businesses, net of cash acquired (69,301) 0 0
Payments to Acquire Business, Held in Escrow (4,000)    
Qatarlyst [Member]      
Cash flows from investing activities:      
Payment for Contingent Consideration Liability, Investing Activities (1,921) 0 0
WDEV      
Cash flows from investing activities:      
Investments in acquired businesses, net of cash acquired 0 (6,320) 0
Payments to Acquire Business, Held in Escrow   (2,900)  
Via Media Health      
Cash flows from investing activities:      
Investments in acquired businesses, net of cash acquired 0 0 (1,000)
PB Systems      
Cash flows from investing activities:      
Investments in acquired businesses, net of cash acquired 0 0 (11,475)
beBetter      
Cash flows from investing activities:      
Investments in acquired businesses, net of cash acquired $ (1,000) $ 0 $ 0