Ebix inc (EBIX)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

95,733

96,720

83,579

92,312

92,641

93,139

111,203

106,145

100,399

100,618

98,674

98,557

98,115

93,847

91,147

87,312

83,356

79,533

74,151

71,934

66,477

63,558

62,256

57,384

57,347

59,274

62,774

67,703

72,228

70,569

69,154

67,618

71,899

71,378

0

0

0

Net Income (Loss) Attributable to Noncontrolling Interest

-5,760

-6,149

-6,853

-1,369

-973

-58

1,130

1,445

2,017

1,965

1,327

863

451

447

133

243

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

-

-

-

-

-

-

-

-

-

-

948

948

-948

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, Depletion and Amortization

14,052

14,468

14,394

13,291

12,542

11,292

10,664

10,850

11,075

11,123

10,981

11,010

10,881

10,746

10,790

10,817

10,757

10,634

10,171

9,855

9,726

9,681

10,090

10,100

10,207

10,107

10,043

10,053

9,666

9,155

8,468

7,748

7,578

7,514

0

0

0

Benefit for deferred taxes

11,694

15,525

15,846

17,096

15,044

13,043

10,417

9,111

14,691

13,667

6,487

5,652

7,095

6,410

10,644

10,764

10,147

10,143

5,905

6,312

1,686

1,966

7,496

-2,083

3,271

10,368

11,582

20,668

13,615

7,505

0

0

0

-

-

-

-

Unrealized gain on put option

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

296

1,887

2,000

714

341

-1,736

-1,416

272

191

2,107

1,725

891

537

0

0

0

Share based compensation

3,947

3,397

3,022

2,724

2,634

2,811

3,064

3,084

2,885

2,818

2,710

2,706

2,833

2,794

2,655

2,313

2,010

1,821

1,703

1,749

1,855

1,792

1,793

1,827

1,825

1,941

1,997

2,020

2,046

2,083

2,035

2,121

2,197

2,205

0

0

0

Provision for doubtful accounts

11,548

12,300

11,558

200

2,689

3,600

3,215

3,077

2,338

1,700

1,922

1,781

2,163

1,515

1,861

3,267

2,861

3,111

2,467

1,153

1,256

1,600

869

1,368

1,500

1,147

1,387

653

176

442

645

955

1,231

976

0

0

0

Provision for deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Unrealized foreign exchange (gain)/losses on forward contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,346

0

0

0

Unrealized foreign exchange (gain) loss

-372

-1,104

410

575

-500

-606

-2,292

-2,284

-2,666

-1,387

-792

-584

780

-32

63

1,010

1,119

1,743

2,493

2,178

1,629

741

399

59

30

237

48

-1,375

209

-443

1,351

4,619

3,244

5,795

0

0

0

Capitalized Computer Software, Amortization

2,937

2,700

2,500

2,300

2,271

2,200

2,471

2,485

2,290

2,175

1,380

1,252

1,852

1,116

1,040

654

-326

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Leases, Right-of-Use Asset, Amortization

7,270

7,144

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt discount amortization on convertible debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

22

25

32

35

36

37

39

42

58

49

52

39

13

13

0

21

0

0

0

Reduction of acquisition earnout accruals

1,108

16,500

17,879

18,524

16,792

1,400

645

164

164

164

-218

833

833

1,344

1,726

2,044

2,044

1,533

4,237

8,475

8,475

10,237

7,533

5,901

11,716

10,253

10,952

6,813

998

699

0

0

0

-

-

-

-

Changes in assets and liabilities, net of effects from acquisitions:
Accounts receivable

7,651

22,977

-21,954

-36,580

-11,601

-15,839

16,513

42,886

29,985

34,245

31,704

20,860

9,651

12,659

12,197

9,723

11,300

7,320

5,957

2,200

1,503

1,530

686

4,238

5,829

3,347

4,726

6,287

6,028

2,023

1,777

-2,953

-4,855

2,903

0

0

0

Receivables from service providers

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payables to service agents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

15,528

8,351

13,778

9,204

4,790

8,486

3,000

2,660

2,885

2,133

-5,403

-4,693

-2,207

-1,789

3,630

3,645

2,804

3,834

4,394

8,288

6,591

4,765

4,742

-815

-299

-80

-2,189

-820

-288

371

490

187

-67

-1,647

0

0

0

Accounts payable and accrued expenses

-21,649

-19,624

-23,127

-13,854

-20,955

-11,787

13,931

20,103

16,514

7,958

1,634

-6,768

-3,258

-3,703

-2,946

-5,282

-6,243

-19,895

1,286

-2,218

-6,480

14,670

-4,361

-8,082

-3,649

1,135

-4,596

8,891

6,310

730

2,367

4,149

3,021

1,525

0

0

0

Accrued payroll and related benefits

1,972

-661

-1,717

-2,269

-1,050

-788

-2,648

-2,612

-3,904

-3,979

-918

-593

-1,568

170

-1,081

-2,095

1,221

-60

1,884

908

218

1,811

366

-1,155

-194

-1,866

-384

1,086

338

-594

-988

-66

-644

-532

0

0

0

Contract liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reserve for potential uncertain income tax return positions

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liability - derivative litigation settlement

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liabilities

-

-

-

-

-

-360

-579

-600

-628

-413

-358

-346

-256

-234

-713

-614

-668

-656

-163

-254

-229

-324

-299

-293

-294

-87

-100

-65

-13

-132

-165

-197

-281

-261

0

0

0

Reserve for potential uncertain income tax return positions

-

-

-

-

-

149

9,126

9,100

6,367

5,879

-2,145

-2,840

-78

490

-1,199

37

58

95

-18,466

-13,481

-11,769

-9,723

12,749

8,334

8,882

6,817

0

0

0

-

-

-

-

-

-

-

-

Other liabilities

20,976

30,396

52,459

21,176

15,486

13,205

-4,903

-1,167

-543

252

-3,338

-2,867

-2,733

-3,039

1,360

894

908

1,111

-238

18

0

-221

-327

-321

-174

-225

-100

-78

-155

-2,384

-3,230

-2,369

-1,569

836

0

0

0

Contract liabilities

-

-

-

-

-

-8,740

-12,092

-8,402

-7,223

-4,480

-694

1,690

1,300

2,176

1,044

-862

-812

-1,762

-3,698

-2,214

-996

-1,306

1,115

940

-635

-983

-2,003

-2,838

198

-12

-1,039

1,352

-453

796

0

0

0

Loss Contingency Accrual, Period Increase (Decrease)

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-690

-350

0

0

-3,528

-3,868

8

8

4,226

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by operating activities

69,329

60,793

92,162

85,635

82,835

87,286

100,774

85,468

86,513

76,807

83,719

86,827

91,824

86,571

76,073

69,507

66,562

48,686

45,783

40,041

40,364

58,510

57,676

60,847

53,601

57,062

56,069

62,411

72,825

72,295

72,781

75,622

74,064

70,642

0

0

0

Cash flows from investing activities:
Payments to Acquire Businesses, Net of Cash Acquired

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

Proceeds from (Payments to) Noncontrolling Interests

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Noncontrolling Interests

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

2,115

1,573

1,725

2,031

1,435

345

137

-10

0

595

567

10

0

0

0

0

-

-

-

-

3,098

0

0

0

Payments to Develop Software

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for (Proceeds from) Investments

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

107

639

1,497

695

1,466

931

194

619

7,600

0

0

0

Capital expenditures

3,667

4,908

8,061

11,281

9,299

8,032

6,855

3,901

5,211

7,385

7,927

8,743

7,654

5,977

5,701

5,872

9,244

13,994

13,068

12,737

21,642

16,277

16,265

14,430

1,298

1,230

1,384

1,538

1,637

1,965

2,434

2,573

2,978

2,829

0

0

0

Proceeds from (Payments to) Noncontrolling Interests

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-19,259

-96,696

-114,441

-174,489

-341,123

-251,590

-359,528

-305,143

-196,360

-203,071

-87,463

-92,720

-23,195

-20,739

-12,493

-17,775

-32,383

-37,393

-85,294

-78,760

-84,144

-77,786

-24,960

-23,218

-8,553

-8,840

-12,953

-22,422

-64,388

-63,375

-77,980

-68,566

-18,595

-13,320

0

0

0

Cash flows from financing activities:
Proceeds from (Repayments of) Lines of Credit

0

13,500

38,343

79,343

264,343

150,008

165,665

144,665

-20,335

120,500

100,000

94,991

-32,436

-52,436

0

0

0

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Issuance of Other Long-term Debt

-

-

-

-

-

175,500

144,250

144,250

144,250

20,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt Instrument, Periodic Payment, Principal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of Secured Debt

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Lines of Credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock

1,980

12,952

51,546

49,566

51,792

40,820

2,226

2,226

5,215

45,732

61,741

67,859

85,514

59,784

57,648

84,829

74,158

81,653

83,152

64,101

51,902

31,854

16,482

2,234

4,726

2,492

0

0

0

-

-

-

-

63,659

0

0

0

Dividend payments

9,197

9,193

9,108

9,178

9,244

9,316

9,475

9,482

9,486

9,545

9,604

9,718

9,835

9,829

9,884

9,994

10,165

10,472

10,743

11,002

11,239

11,406

8,652

5,793

2,896

2,794

4,667

6,532

8,364

7,034

6,622

4,757

2,925

1,461

0

0

0

Repayments of Long-term Debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31,938

34,345

9,626

7,219

8,938

8,594

8,250

23,250

19,125

18,729

18,333

5,000

6,407

0

0

0

Increase (Decrease) in Bank Overdrafts

-21,235

19,079

10,197

38,048

6,782

-8,094

6,771

1,608

6,907

6,162

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Short Term Third Party Loans

3,542

6,450

-2,318

-3,260

-5,433

-8,341

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

463

63

63

31

-3,200

37

37

37

3,237

971

994

1,017

1,044

0

0

0

-

-

-

-

Proceeds from Stock Options Exercised

636

0

0

0

0

-

-

-

-

52

847

847

847

824

1,121

1,121

1,121

2,209

1,117

1,117

1,117

788

1,524

2,287

2,396

2,161

1,706

968

1,559

1,020

776

751

64

51

0

0

0

Forfeiture of certain shares to satisfy exercise costs and the recipients income tax obligations related to stock options exercised and restricted stock vested, Value

2,009

230

356

394

452

467

218

261

267

398

1,178

1,158

1,099

998

1,208

1,138

1,151

2,202

1,145

1,152

1,133

41

802

983

1,142

1,681

1,908

1,720

1,556

992

0

0

0

-

-

-

-

Payments of long term debt

-

-

-

-

-

80

0

0

0

-

-

-

-

-

-

-

-

0

647

647

348

345

365

362

662

665

636

624

612

600

0

0

0

-

-

-

-

Repayments of Long-term Capital Lease Obligations

-69

0

200

129

75

6

10

11

10

11

8

11

6

5

0

0

0

-

-

-

-

231

200

225

253

277

276

274

319

284

276

279

243

300

0

0

0

Net cash (used) provided by financing activities

-45,332

905

20,553

91,162

241,122

248,807

294,924

268,710

105,969

78,028

15,816

4,592

-13,018

-4,078

1,605

-1,495

6,439

-6,307

28,403

36,114

15,909

15,863

-22,195

-41,899

-29,465

-26,449

-33,959

-26,747

1,352

6,906

25,525

-418

-52,458

-54,893

0

0

0

Effect of foreign exchange rates on cash

-13,677

-3,314

3,358

1,377

-3,776

-5,689

-9,663

-4,344

-347

2,162

-875

-1,411

-1,527

-1,992

1,421

354

1,205

-107

-3,042

-2,875

-2,660

-961

-60

1,779

-860

-1,548

-1,759

-3,161

-3,924

-3,073

-4,788

-4,952

-1,460

-2,130

0

0

0

Net change in cash and cash equivalents, and restricted cash

-8,939

-38,312

1,632

3,685

-20,942

78,814

26,507

44,691

-4,225

-46,074

11,197

-2,712

54,084

59,762

66,606

50,591

41,823

4,879

-14,150

-5,480

-30,531

-4,374

10,461

-2,491

14,723

20,225

7,398

10,081

5,865

12,753

15,538

1,686

1,551

299

0

0

0

Supplemental disclosures of cash flow information:
Interest paid

40,390

41,143

40,612

36,960

30,983

25,690

20,943

17,093

14,543

12,552

10,375

9,277

7,521

7,219

6,695

5,530

5,031

5,379

4,490

3,818

3,417

1,290

1,070

970

1,025

1,169

1,322

1,418

1,390

1,350

1,060

916

818

710

0

0

0

Income taxes paid

20,999

24,041

8,235

8,320

7,526

10,149

11,210

10,825

10,514

10,426

11,102

13,723

16,282

16,634

18,042

18,580

15,489

28,637

25,314

25,585

28,509

11,433

11,552

8,723

13,318

13,779

15,291

15,578

9,108

8,590

8,347

7,133

6,268

3,796

0

0

0

Supplemental schedule of noncash financing activities:
Common Stock Repurchase not settled, Shares

200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common Stock Repurchase not settled, Value

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Forfeiture of certain shares to satisfy exercise costs and the recipients income tax obligations related to stock options exercised and restricted stock vested

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-

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

0

-

-

-

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-