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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 99,578 $ 105,035
Receivables from service providers 2,436 4,711
Short-term investments 22,825 25,019
Restricted cash 8,114 8,519
Fiduciary funds - restricted 2,887 4,106
Trade accounts receivable, less allowances of $20,544 and $22,691, respectively 146,568 142,847
Other current assets 78,816 71,661
Total current assets 361,224 361,898
Property and equipment, net 52,892 52,521
Right-of-use assets 11,376 12,372
Goodwill 946,312 949,037
Intangibles, net 53,258 50,880
Indefinite-lived intangibles 16,647 21,647
Capitalized software development costs, net 20,222 19,389
Deferred tax asset, net 66,406 63,402
Other assets 37,946 38,707
Total assets 1,566,283 1,569,853
Current liabilities:    
Accounts payable and accrued liabilities 53,299 64,764
Payables to service agents 3,666 5,281
Accrued payroll and related benefits 10,555 11,792
Working capital facility 12,024 16,643
Fiduciary funds - restricted 2,887 4,106
Short-term debt 833 894
Current portion of long term debt and financing lease obligations, net of deferred financing costs of $971 and $920, respectively 23,571 23,621
Contract liabilities 37,609 32,898
Lease liability 3,572 3,905
Other current liabilities 29,879 27,486
Total current liabilities 177,895 191,390
Revolving line of credit 439,402 439,402
Long term debt and financing lease obligations, less current portion, net of deferred financing costs of $881 and $1,062, respectively 226,625 232,140
Contract liabilities 7,804 8,033
Lease liability 7,911 8,540
Deferred tax liability, net 1,235 1,235
Other liabilities 28,902 29,009
Total liabilities 889,774 909,749
Stockholders’ equity:    
Preferred stock, $0.10 par value, 500,000 shares authorized, no shares issued and outstanding at March 31, 2021 and December 31, 2020 0 0
Series Y Convertible preferred stock, $0.10 par value, 350,000 shares authorized, no shares issued and outstanding at March 31, 2021 and December 31, 2020 0 0
Common stock, $0.10 par value, 220,000,000 shares authorized, 30,559,324 issued and outstanding, at March 31, 2021, and 30,515,334 issued and outstanding at December 31, 2020 3,056 3,052
Additional paid-in capital 12,480 11,126
Retained earnings 719,574 700,304
Accumulated other comprehensive loss (105,422) (101,503)
Total Ebix, Inc. stockholders’ equity 629,688 612,979
Noncontrolling interest 46,821 47,125
Total stockholders’ equity 676,509 660,104
Total liabilities and stockholders’ equity $ 1,566,283 $ 1,569,853