XML 174 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 105,035 $ 73,228
Receivables from service providers 4,711 25,607
Short-term investments 25,019 4,443
Restricted cash 8,519 35,051
Fiduciary funds - restricted 4,106 4,966
Trade accounts receivable, less allowances of $22,691 and $21,696, respectively 142,847 153,565
Other current assets 71,661 67,074
Total current assets 361,898 363,934
Property and equipment, net 52,521 48,421
Right-of-use assets 12,372 19,544
Goodwill 949,037 952,404
Intangibles, net 50,880 46,955
Indefinite-lived intangibles 21,647 42,055
Capitalized software development costs, net 19,389 19,183
Deferred tax assets, net 63,402 69,227
Other assets 38,707 29,896
Total assets 1,569,853 1,591,619
Current liabilities:    
Accounts payable and accrued liabilities 64,764 84,735
Payables to service agents 5,281 12,196
Accrued payroll and related benefits 11,792 8,755
Working capital facilities 16,643 28,352
Fiduciary funds - restricted 4,106 4,966
Short-term debt 894 1,167
Contingent liability for earn-out acquisition consideration 0 8,621
Current portion of long-term debt, net of deferred financing costs of $920 and $575, respectively 23,621 22,091
Contract liabilities 32,898 28,712
Lease liability 3,905 5,955
Other current liabilities 27,486 29,335
Total current liabilities 191,390 234,885
Revolving line of credit 439,402 438,037
Long-term debt, less current portion, net of deferred financing costs of $1,062 and $1,534, respectively 232,140 254,467
Contingent liability for earn-out acquisition consideration 0 1,474
Contract liabilities 8,033 8,541
Lease liability 8,540 13,196
Deferred tax liability, net 1,235 1,235
Other liabilities 29,009 40,339
Total liabilities 909,749 992,174
Commitments and Contingencies
Stockholders’ equity:    
Preferred stock, $0.10 par value, 500,000 shares authorized, no shares issued and outstanding at December 31, 2020 and 2019 0 0
Series Y Convertible preferred stock, $0.10 par value, 350,000 shares authorized, no shares issued and outstanding at December 31, 2020 and no shares authorized, issued and outstanding at December 31, 2019 0 0
Common stock, $0.10 par value, 220,000,000 shares authorized, 30,515,334 issued and outstanding at December 31, 2020 and 30,492,044 issued and outstanding at December 31, 2019 3,052 3,049
Additional paid-in capital 11,126 6,960
Retained earnings 700,304 618,503
Accumulated other comprehensive loss (101,503) (78,398)
Total Ebix, Inc. stockholders’ equity 612,979 550,114
Noncontrolling Interest 47,125 49,331
Total stockholders' equity 660,104 599,445
Total liabilities and stockholders’ equity $ 1,569,853 $ 1,591,619