EBIX INC EBIX Cash Flow

Ebix inc (EBIX)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent
24,723	21,650	20,509	28,851	25,710	8,509	29,242	29,180	26,208	26,573	24,184	23,434	26,427	24,629	24,067	22,992	22,159	21,929	20,232	19,036	18,336	16,547	18,015	13,579	15,417	15,245	13,143	13,542	17,344	18,745	18,072	18,067	15,685	17,330	16,536	22,348	15,164
Net Income (Loss) Attributable to Noncontrolling Interest
-278	468	-5,445	-505	-667	-236	39	-109	248	952	354	463	196	314	-110	51	192	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Reduction of rent expense as a result of purchase accounting adjustment
-	-	-	-	-	-	-	-	-	-	0	1,896	-948	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation, Depletion and Amortization
3,641	3,502	3,626	3,283	4,057	3,428	2,523	2,534	2,807	2,800	2,709	2,759	2,855	2,658	2,738	2,630	2,720	2,702	2,765	2,570	2,597	2,239	2,449	2,441	2,552	2,648	2,459	2,548	2,452	2,584	2,469	2,161	1,941	1,897	1,749	1,991	1,877
Benefit for deferred taxes
44	9,645	506	1,499	3,875	9,966	1,756	-553	1,874	7,340	450	5,027	850	160	-385	6,470	165	4,394	-265	5,853	161	156	142	1,227	441	5,686	-9,437	6,581	7,538	6,900	-351	-472	1,428	-	-	-	-
Unrealized gain on put option
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-19	-139	454	1,591	94	-1,425	81	-486	414	263	0	1,430	32	-571	-354
Share based compensation
1,126	946	1,029	846	576	571	731	756	753	824	751	557	686	716	747	684	647	577	405	381	458	459	451	487	395	460	485	485	511	516	508	511	548	468	594	587	556
Provision for doubtful accounts
-618	1,720	11,880	-1,434	134	978	522	1,055	1,045	593	384	316	407	815	243	698	-241	1,161	1,649	292	9	517	335	395	353	-214	834	527	0	26	100	50	266	229	410	326	11
Provision for deferred taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,198
Unrealized foreign exchange (gain)/losses on forward contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,437	-1,147	86	152
Unrealized foreign exchange (gain) loss
419	-783	-240	232	-313	731	-75	-843	-419	-955	-67	-1,225	860	-360	141	139	48	-265	1,088	248	672	485	773	-301	-216	143	433	-330	-9	-46	-990	1,254	-661	1,748	2,278	-121	1,890
Capitalized Computer Software, Amortization
833	800	700	604	596	600	500	575	525	871	514	380	410	76	386	980	-326	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Leases, Right-of-Use Asset, Amortization
1,797	1,977	1,650	1,846	1,671	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt discount amortization on convertible debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	5	1	7	9	8	8	10	10	9	10	13	26	0	13	0	0	0	0	21
Reduction of acquisition earnout accruals
0	-624	0	1,732	15,392	755	645	0	0	0	164	0	0	-382	1,215	0	511	0	1,533	0	0	2,704	5,771	0	1,762	0	4,139	5,815	299	699	0	0	0	-	-	-	-
Changes in assets and liabilities, net of effects from acquisitions:
Accounts receivable
-9,687	16,574	4,237	-3,473	5,639	-28,357	-10,389	21,506	1,401	3,995	15,984	8,605	5,661	1,454	5,140	-2,604	8,669	992	2,666	-1,027	4,689	-371	-1,091	-1,724	4,716	-1,215	2,461	-133	2,234	164	4,022	-392	-1,771	-82	-708	-2,294	5,987
Receivables from service providers
-12,184	-	-	-	-11,488	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payables to service agents
-3,476	-	-	-	-8,977	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
4,035	2,404	5,189	3,900	-3,142	7,831	615	-514	554	2,345	275	-289	-198	-5,191	985	2,197	220	228	1,000	1,356	1,250	788	4,894	-341	-576	765	-663	175	-357	-1,344	706	707	302	-1,225	403	453	-1,278
Accounts payable and accrued expenses
-9,755	-15,095	-7,353	10,554	-7,730	-18,598	1,920	3,453	1,438	7,120	8,092	-136	-7,118	796	-310	3,374	-7,563	1,553	-2,646	2,413	-21,215	22,734	-6,150	-1,849	-65	3,703	-9,871	2,584	4,719	-2,028	3,616	3	-861	-391	5,398	-1,125	-2,357
Accrued payroll and related benefits
1,425	-54	1,201	-600	-1,208	-1,110	649	619	-946	-2,970	685	-673	-1,021	91	1,010	-1,648	717	-1,160	-4	1,668	-564	784	-980	978	1,029	-661	-2,501	1,939	-643	821	-1,031	1,191	-1,575	427	-109	613	-1,463
Contract liabilities
1,980	-	-	-	-2,920	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease liabilities
-1,596	-	-	-	-1,643	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserve for potential uncertain income tax return positions
69	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liability - derivative litigation settlement
0	-	-	-	19,652	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease liabilities
-	-	-	-	-	98	-76	-65	-317	-121	-97	-93	-102	-66	-85	-3	-80	-545	14	-57	-68	-52	-77	-32	-163	-27	-71	-33	44	-40	-36	19	-75	-73	-68	-65	-55
Reserve for potential uncertain income tax return positions
-	-	-	-	-	237	-29	-29	-30	9,214	-55	-2,762	-518	1,190	-750	0	50	-499	486	21	87	-19,060	5,471	1,733	2,133	3,412	1,056	2,281	68	-	-	-	-	-	-	-	-
Other liabilities
-7,666	-3,448	27,226	4,864	1,754	18,615	-4,057	-826	-527	507	-321	-202	268	-3,083	150	-68	-38	1,316	-316	-54	165	-33	-60	-72	-56	-139	-54	75	-107	-14	-32	-2	-2,336	-860	829	798	69
Contract liabilities
-	-	-	-	-	2,032	-5,228	-3,183	-2,361	-1,320	-1,538	-2,004	382	2,466	846	-2,394	1,258	1,334	-1,060	-2,344	308	-602	424	-1,126	-2	1,819	249	-2,701	-350	799	-586	335	-560	-228	1,805	-1,470	689
Loss Contingency Accrual, Period Increase (Decrease)
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	0	0	0	-690	340	350	0	-4,218	0	4,226	0	0	-	-	-	-	-	-	-	-
Net cash provided by operating activities
29,578	-18,248	40,799	17,200	21,042	13,121	34,272	14,400	25,493	26,609	18,966	15,445	15,787	33,521	22,074	20,442	10,534	23,023	15,508	17,497	-7,342	20,120	9,766	17,820	10,804	19,286	12,937	10,574	14,265	18,293	19,279	20,988	13,735	18,779	22,120	19,430	10,313
Cash flows from investing activities:
Payments to Acquire Businesses, Net of Cash Acquired
1,858	-	-	-	90,358	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-3,529
Proceeds from (Payments to) Noncontrolling Interests
0	-	-	-	4,925	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Noncontrolling Interests
-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	1,037	84	398	596	495	236	704	0	-595	28	557	10	0	0	0	0	-	-	-	-	135	-117	-2,304	5,384
Payments to Develop Software
2,089	-	1,538	848	1,740	-	1,558	1,394	622	-	764	831	514	-	340	550	144	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for (Proceeds from) Investments
5,105	-	11,198	26,263	-11,775	-	3,719	-4,473	5,198	-	5,891	621	1,005	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maturities of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-121	17	208	535	737	-785	979	0	0	-360	7,960
Capital expenditures
557	-961	1,148	2,923	1,798	2,192	4,368	941	531	1,015	1,414	2,251	2,705	1,557	2,230	1,162	1,028	1,281	2,401	4,534	5,778	355	2,070	13,439	413	343	235	307	345	497	389	406	673	966	528	811	524
Proceeds from (Payments to) Noncontrolling Interests
-	-	-	-	-	-	0	0	4,996	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-9,609	-3,436	7,570	-13,784	-87,046	-21,181	-52,478	-180,418	2,487	-129,119	1,907	-71,635	-4,224	-13,511	-3,350	-2,110	-1,768	-5,265	-8,632	-16,718	-6,778	-53,166	-2,098	-22,102	-420	-340	-356	-7,437	-707	-4,453	-9,825	-49,403	306	-19,058	-411	568	5,581
Cash flows from financing activities:
Proceeds from (Repayments of) Lines of Credit
0	0	0	0	13,500	24,843	41,000	185,000	-100,835	40,500	20,000	20,000	40,000	20,000	14,991	-107,427	20,000	-	-	-	-	-	-	15,000	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Issuance of Other Long-term Debt
-	-	-	-	-	51,250	0	0	124,250	20,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt Instrument, Periodic Payment, Principal
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Secured Debt
3,765	-	3,766	3,766	3,766	-	3,125	3,125	0	-	3,125	3,125	3,125	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Lines of Credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock
0	0	1,980	0	10,972	38,594	0	2,226	0	0	0	5,215	40,517	16,009	6,118	22,870	14,787	13,873	33,299	12,199	22,282	15,372	14,248	0	2,234	0	0	2,492	0	-	-	-	-	7,111	30,350	23,803	2,395
Dividend payments
2,301	2,295	2,299	2,302	2,297	2,210	2,369	2,368	2,369	2,369	2,376	2,372	2,428	2,428	2,490	2,489	2,422	2,483	2,600	2,660	2,729	2,754	2,859	2,897	2,896	0	0	0	2,794	1,873	1,865	1,832	1,464	1,461	0	0	0
Repayments of Long-term Debt
203	-	-	-	834	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	27,125	2,407	2,406	2,407	2,406	0	4,125	2,063	2,062	15,000	0	1,667	1,666	1,667	1,407
Increase (Decrease) in Bank Overdrafts
-24,693	179	-22,688	25,967	15,621	-8,703	5,163	-5,299	745	6,162	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Short Term Third Party Loans
0	427	942	2,173	2,908	-8,341	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	0	32	31	0	0	0	-3,200	3,237	0	0	0	971	23	23	27	-	-	-	-
Proceeds from Stock Options Exercised
636	0	0	0	0	-	-	-	-	0	0	0	52	795	0	0	29	1,092	0	0	1,117	0	0	0	788	736	763	109	553	281	25	700	14	37	0	13	1
Forfeiture of certain shares to satisfy exercise costs and the recipients income tax obligations related to stock options exercised and restricted stock vested, Value
1,800	194	9	6	21	320	47	64	36	71	90	70	167	851	70	11	66	1,061	0	24	1,117	4	7	5	25	765	188	164	564	992	0	0	0	-	-	-	-
Payments of long term debt
-	-	-	-	-	80	0	0	0	-	-	-	-	-	-	-	-	-638	15	611	12	9	15	312	9	29	12	612	12	0	0	600	0	-	-	-	-
Repayments of Long-term Capital Lease Obligations
0	-200	71	60	69	0	0	6	0	4	1	5	1	1	4	0	0	-	-	-	-	87	41	47	56	56	66	75	80	55	64	120	45	47	67	84	102
Net cash (used) provided by financing activities
-32,167	-5,172	-29,987	21,994	14,070	14,476	40,622	171,954	21,755	60,593	14,408	9,213	-6,186	-1,619	3,184	-8,397	2,754	4,064	84	-463	-9,992	38,774	7,795	-20,668	-10,038	716	-11,909	-8,234	-7,022	-6,794	-4,697	19,865	-1,468	11,825	-30,640	-32,175	-3,903
Effect of foreign exchange rates on cash
-10,173	-917	-2,918	331	190	5,755	-4,899	-4,822	-1,723	1,781	420	-825	786	-1,256	-116	-941	321	2,157	-1,183	-90	-991	-778	-1,016	125	708	123	823	-2,514	20	-88	-579	-3,277	871	-1,803	-743	215	201
Net change in cash and cash equivalents, and restricted cash
-22,371	-27,773	15,464	25,741	-51,744	12,171	17,517	1,114	48,012	-40,136	35,701	-47,802	6,163	17,135	21,792	8,994	11,841	23,979	5,777	226	-25,103	4,950	14,447	-24,825	1,054	19,785	1,495	-7,611	6,556	6,958	4,178	-11,827	13,444	9,743	-9,674	-11,962	12,192
Supplemental disclosures of cash flow information:
Interest paid
8,820	9,356	10,803	11,411	9,573	8,825	7,151	5,434	4,280	4,078	3,301	2,884	2,289	1,901	2,203	1,128	1,987	1,377	1,038	629	2,335	488	366	228	208	268	266	283	352	421	362	255	312	131	218	157	204
Income taxes paid
1,086	16,635	878	2,400	4,128	829	963	1,606	6,751	1,890	578	1,295	6,663	2,566	3,199	3,854	7,015	3,974	3,737	763	20,163	651	4,008	3,687	3,087	770	1,179	8,282	3,548	2,282	1,466	1,812	3,030	2,039	252	947	558
Supplemental schedule of noncash financing activities:
Common Stock Repurchase not settled, Shares
200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock Repurchase not settled, Value
8,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Forfeiture of certain shares to satisfy exercise costs and the recipients income tax obligations related to stock options exercised and restricted stock vested
1,800	-	-	-	21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Zillious [Member]
Payments to Acquire Businesses, Net of Cash Acquired
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Essel [Member]
Payments to Acquire Businesses, Net of Cash Acquired
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Miles [Member]
Payments to Acquire Businesses, Net of Cash Acquired
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transcorp [Member]
Payments to Acquire Businesses, Net of Cash Acquired
-	-	-	-	-	-	0	0	6,554	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weizmann [Member]
Payments to Acquire Businesses, Net of Cash Acquired
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pearl [Member]
Payments to Acquire Businesses, Net of Cash Acquired
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lawson [Member]
Payments to Acquire Businesses, Net of Cash Acquired
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Travels [Member]
Payments to Acquire Businesses, Net of Cash Acquired
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Indus [Member]
Payments to Acquire Businesses, Net of Cash Acquired
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock
Forfeiture of certain shares to satisfy exercise costs and the recipients income tax obligations related to stock options exercised and restricted stock vested, Value
5	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Forfeiture of certain shares to satisfy exercise costs and the recipients income tax obligations related to stock options exercised and restricted stock vested, Shares
55	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Forfeiture of certain shares to satisfy exercise costs and the recipients income tax obligations related to stock options exercised and restricted stock vested
5	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-