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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 85,069 $ 105,035
Receivables from service providers 13,303 4,711
Short-term investments 13,866 25,019
Restricted cash 8,440 8,519
Fiduciary funds - restricted 2,580 4,106
Trade accounts receivable, less allowances of $19,439 and $22,691, respectively 142,360 142,847
Other current assets 81,386 71,661
Total current assets 347,004 361,898
Property and equipment, net 53,171 52,521
Right-of-use assets 11,954 12,372
Goodwill 942,062 949,037
Intangibles, net 51,310 50,880
Indefinite-lived intangibles 16,647 21,647
Capitalized software development costs, net 20,657 19,389
Deferred tax asset, net 65,943 63,402
Other assets 37,476 38,707
Total assets 1,546,224 1,569,853
Current liabilities:    
Accounts payable and accrued liabilities 54,677 64,764
Payables to service agents 4,127 5,281
Accrued payroll and related benefits 10,401 11,792
Working capital facility 9,704 16,643
Fiduciary funds - restricted 2,580 4,106
Short-term debt 729 894
Current portion of long term debt and financing lease obligations, net of deferred financing costs of $1,493 and $920, respectively 24,969 23,621
Contract liabilities 35,399 32,898
Lease liability 3,249 3,905
Other current liabilities 30,868 27,486
Total current liabilities 176,703 191,390
Revolving line of credit 439,402 439,402
Long term debt and financing lease obligations, less current portion, net of deferred financing costs of $986 and $1,062, respectively 199,052 232,140
Contingent liability for accrued earn-out acquisition consideration 2,560 0
Contract liabilities 7,647 8,033
Lease liability 8,790 8,540
Deferred tax liability, net 1,358 1,235
Other liabilities 28,909 29,009
Total liabilities 864,421 909,749
Stockholders’ equity:    
Preferred stock, $0.10 par value, 500,000 shares authorized, no shares issued and outstanding at June 30, 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 June 30, 2021 and December 31, 2020 0 0
Common stock, $0.10 par value, 220,000,000 shares authorized, 30,582,560 issued and outstanding, at June 30, 2021, and 30,515,334 issued and outstanding at December 31, 2020 3,058 3,052
Additional paid-in capital 13,718 11,126
Retained earnings 732,974 700,304
Accumulated other comprehensive loss (113,996) (101,503)
Total Ebix, Inc. stockholders’ equity 635,754 612,979
Noncontrolling interest 46,049 47,125
Total stockholders’ equity 681,803 660,104
Total liabilities and stockholders’ equity $ 1,546,224 $ 1,569,853