Case 23-80004-swe11 Doc 604 Filed 05/21/24 Entered 05/21/24
19:27:30 Desc Main Document Page 18 of 78 MOR-2 In re: EBIX, INC., et al. Lead Case No: 23-80004 Balance Sheet as of April 30,
2024—(Unaudited) Reporting Period: April 1—April 30, 2024 Agency Solutions.com, LLC d/b/a/ Health Connect Ebix, Inc. P.B. Systems, Inc. Facts Services, Inc. LLC ConfirmNet Corporation A.D.A.M., Inc. Assets Current Assets: Cash and Cash
equivalents $ 11,400,017 $ – $ – $ – $ – $ –Fiduciary
funds—restricted – – – – – –Accounts receivable, less allowance 10,002,352 – 193,293 81,500 7,745,610 407,963 Intercompany receivable 80,153,885 – – – – –Other current assets
53,167,342 – – 1,253 216 48,310 Total current assets $ 154,723,596 $ – $ 193,293 $ 82,753
$ 7,745,826 $ 456,273 Property and equipment, net 22,342,735 (232,426) – – – 10,229 Right-of-Use
Assets 229,275 578,351 – – – 127,458 Goodwill 192,040,854 – 4,706,870 20,404,124 13,540,891 60,111,616 Intangible assets, net 6,132,733 – 226,104 0 (0) 194,834 Indefinite-lived intangibles – – – – –
–Capitalized software development costs, net 388,891 – – – – –Deferred tax assets, net—long-term 22,033,811 – (8,308) (992,339) 3,074,537 1,921,924 Other assets 146,785,443 – (5,216,707) – –
– Total assets $ 544,677,338 $ 345,925 $ (98,748) $ 19,494,539 $ 24,361,254
$ 62,822,334 Liabilities & Equity Current Liabilities Accounts Payable and accrued expenses $ 21,142,394 $ – $ –
$ 22,143 $ – $ 30,697 Accrued payroll and related benefits 1,206,062 – 2,860 10,672 2,331 5,537 Working capital facility – – – – –
–Fiduciary funds liability—restricted – – – – – –Short term debt – – – – – –Current portion of long term debt and capital lease obligations – – – – –
–Intercompany payable 39,844,577 2,481,097 (3,429) (63,631) 1,680,820 (206,709) Deferred revenue 6,480,150 – 115,708 2,235 293,999 579,134 Short term lease liability – – – – – –Other current liabilities
323,678,285 – – – – – Total Current Liabilities $ 392,351,468 $ 2,481,097 $ 115,138 $ (28,581)
$ 1,977,150 $ 408,658 Liabilities Subject to Compromise Accounts Payable and accrued expenses $ 7,198,962 $ 34,700
$ – $ 6,533 $ 10,842 $ 64,309 Accrued payroll and related benefits 180,350 – – – – –Working capital facility
– – – – – –Fiduciary funds liability—restricted – – – – – –Short term debt 342,324,099 – – – – –Current portion of long term debt and capital lease obligations
86,998 – – – – –Intercompany payable 303,282,320 49,576,672 (4,669,565) (4,745,420) 9,464,805 (36,903,570) Deferred revenue – – – – – –Short term lease liability 361,156 – – –
– –Other current liabilities 2,277 – – – (1,648) (51,295) Total Liabilities Subject to Compromise $ 653,436,162 $ 49,611,372 $ (4,669,565)
$ (4,738,887) $ 9,473,998 $ (36,890,557) Long term debt and capital lease obligation, less current portion 8,059 –––––Other liabilities
2,329,890 –––––Earnout contingencies – –––––Put option liability – –––––Long term lease liability 743,980 ––––– Total liabilities
$ 1,048,869,560 $ 52,092,469 $ (4,554,426) $ (4,767,468) $ 11,451,148 $ (36,481,899)
Common stock, $.10 par value 3,790,897 – – – – –Additional paid-in capital 4,077,159 – – 20,000,000 21,532,000 88,420,090 Treasury stock – – – – –
–Retained earnings (522,754,040) (51,746,544) 4,455,678 4,262,007 (8,621,894) 10,884,143 Accumulated other comprehensive income (529,688) – – – – – Total Ebix, Inc. stockholders’ equity
$ (515,415,672) $ (51,746,544) $ 4,455,678 $ 24,262,007 $ 12,910,106 $ 99,304,233
Noncontrolling interest 11,223,450 – – – – – Total stockholders’ equity $ (504,192,222) $ (51,746,544) $ 4,455,678
$ 24,262,007 $ 12,910,106 $ 99,304,233 Total Liabilities & Equity $ 544,677,338 $ 345,925
$ (98,748) $ 19,494,539 $ 24,361,254 $ 62,822,334