Last10K.com

Ebix Inc (EBIX) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Ebix Inc

CIK: 814549 Ticker: EBIX
Exhibit 99.1




EBIX ANNOUNCES FOURTH QUARTER AND FULL YEAR 2013 RESULTS

Q4 Diluted EPS of $0.40
Full Fiscal Year Diluted EPS of $1.53

ATLANTA, GA - March 14, 2014 -
Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance industry, today reported results for the fiscal fourth quarter and full year ended December 31, 2013.

Ebix delivered the following results for the fourth quarter and full year of 2013:

Revenue: Total Q4 2013 revenue was $50.8 million, a decrease of 6% on a year-over-year basis, as compared to Q4 2012 revenue of $54.0 million and an increase of $0.55 million over Q3 2013 revenue of $50.3 million. On a constant currency basis, Ebix revenue increased sequentially to $52.2 million in Q4 of 2013 as compared to $51.9 million in Q3 of 2013.

On a year-over-year basis, Ebix’s Q4 2013 revenue was affected negatively by approximately $1.4 million due to the strengthening of the US dollar as against the currencies in certain of the foreign jurisdictions in which we conduct operations.

For the full fiscal year of 2013, the company reported revenue of $204.7 million, an increase of 2.7% from the prior year revenue of $199.4 million.

Earnings per Share: Q4 2013 diluted earnings per share decreased 17% year-over-year to $0.40, as compared to $0.48 in the fourth quarter of 2012. For purposes of the Q4 2013 EPS calculation, there was an average of 38.5 million diluted shares outstanding during the quarter compared to 38.9 million during the same period in 2012. Sequentially the diluted EPS grew from 34 cents in Q3 of 2013 to 40 cents in Q4 of 2013.

For the full year of 2013, diluted earnings per share fell 15% year-over-year to $1.53 from $1.80 in 2012. For purposes of the EPS calculation, there was an average of approximately 38.6 million diluted shares outstanding during the year 2013 as compared to an average of 39.1 million diluted shares outstanding in 2012.

Operating Cash: Cash generated from operations for the fiscal fourth quarter was $19.3 million, up 5% year-over-year. For the full year, operating cash flow totaled $57.1 million in 2013, down 21% year-over-year as compared to $72.3 million in 2012.

Operating Margins: Operating margins for Q4 2013 were 35% as compared to 37% for Q4 2012. The operating margins for fiscal year 2013 were 37% as compared to 39% for fiscal year 2012.

General and Administrative (“G&A”) expenses increased by $2.9 million in 2013. Legal expenses in 2013 were approximately $6.4 million compared to an average of $1 million in 2012 and 2011. The Company expects legal costs in future quarters to be lower than Q4 of 2013, although these costs are expected to continue affecting margins for some additional period of time. Reported G&A expenses for full year of 2013



The following information was filed by Ebix Inc (EBIX) on Monday, March 17, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Ebix Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Ebix Inc.

Continue

Assess how Ebix Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Ebix Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2014 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information Document
Schedule Ii - Valuation And Qualifying Accounts Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts Schedule Ii - Valuation And Qualifying Accounts (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parentheticals)
Consolidated Statements Of Cash Flow
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Consolidated Statements Stockholders' Equity
Accounts Payable And Accrued Expenses
Accounts Payable And Accrued Expenses (details)
Accounts Payable And Accrued Expenses (tables)
Business Acquisitions
Business Acquisitions (future Amortization Expense) (details)
Business Acquisitions (intangible Assets Acquired) (details)
Business Acquisitions (narrative) (details)
Business Acquisitions (net Assets Acquired) (details)
Business Acquisitions (tables)
Cash Option Profit Sharing Plan And Trust
Cash Option Profit Sharing Plan And Trust (details)
Commercial Bank Financing Facility
Commercial Bank Financing Facility (details)
Commitments And Contingencies
Commitments And Contingencies (minimum Rentals) (details)
Commitments And Contingencies (narrative) (details)
Commitments And Contingencies (tables)
Derivative Instruments
Derivative Instruments (details)
Description Of Business And Summary Of Significant Accounting Policies
Description Of Business And Summary Of Significant Accounting Policies (accounts Receivables And Allowances) (details)
Description Of Business And Summary Of Significant Accounting Policies (advertising And Sales Commission) (details)
Description Of Business And Summary Of Significant Accounting Policies (fair Value Reporting) (details)
Description Of Business And Summary Of Significant Accounting Policies (fixed Assets) (details) (details)
Description Of Business And Summary Of Significant Accounting Policies (goodwill) (details)
Description Of Business And Summary Of Significant Accounting Policies (intangible Assets) (details)
Description Of Business And Summary Of Significant Accounting Policies (policies)
Description Of Business And Summary Of Significant Accounting Policies (segment Reporting) (details)
Description Of Business And Summary Of Significant Accounting Policies (short-term Investments) (details)
Description Of Business And Summary Of Significant Accounting Policies (tables)
Description Of Business And Summary Of Significant Accounting Policies- Foreign Currency Translation (details)
Earnings Per Share
Earnings Per Share (details)
Earnings Per Share (tables)
Geographic Information
Geographic Information (details)
Geographic Information (tables)
Income Taxes
Income Taxes (components Of Income Tax Expense) (details)
Income Taxes (deferred Income Taxes) (details)
Income Taxes (deferred Tax Liabilities And Assets) (details)
Income Taxes (effective Income Tax Rates Reconciliation) (details)
Income Taxes (narrative) (details)
Income Taxes (pre-tax Income And Applicable Tax Rates) (details)
Income Taxes (pre-tax Income) (details)
Income Taxes (tables)
Income Taxes (unrecognized Tax Benefits) (details)
Minority Business Investment
Minority Business Investment (details)
Other Current Assets
Other Current Assets (details)
Other Current Assets (tables)
Other Liabilities
Other Liabilities (details)
Other Liabilities (tables)
Pro Forma Financial Information (re: 2013 And 2012 Acquisitions)
Pro Forma Financial Information (re: 2013 And 2012 Acquisitions) (details)
Pro Forma Financial Information (re: 2013 And 2012 Acquisitions) (tables)
Property And Equipment
Property And Equipment (details)
Property And Equipment (tables)
Quarterly Financial Information (unaudited)
Quarterly Financial Information (unaudited) (details)
Quarterly Financial Information (unaudited) (tables)
Related Party Transactions
Related Party Transactions (details)
Share-based Compensation
Share-based Compensation (nonvested Options) (details)
Share-based Compensation (nonvested Restricted Stock) (details)
Share-based Compensation (option Price Ranges) (details)
Share-based Compensation (stock Option Activity) (details)
Share-based Compensation (tables)
Share-based Compensation (valuation Assumptions) (details)
Stock Repurchases
Stock Repurchases (details)
Subsequent Events
Subsequent Events (details)
Supplemental Schedule Of Noncash Financing Activities
Supplemental Schedule Of Noncash Financing Activities (details)
Temporary Equity Temporary Equity
Temporary Equity Temporary Equity (details)
Ticker: EBIX
CIK: 814549
Form Type: 10-K Annual Report
Accession Number: 0000814549-14-000007
Submitted to the SEC: Mon Mar 17 2014 3:17:54 PM EST
Accepted by the SEC: Mon Mar 17 2014
Period: Tuesday, December 31, 2013
Industry: Computer Integrated Systems Design

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/ebix/0000814549-14-000007.htm