RankingsPricing
  1. US-listed companies
  2. FORMULA SYSTEMS (1985) LTD

FORMULA SYSTEMS (1985) LTDFORTY

Market cap
P/E ratio
Back to summarized table
Income statementBalance sheetCash flow
Dec 31,
2013		Dec 31,
2014		Dec 31,
2015		Dec 31,
2018		Dec 31,
2019		Dec 31,
2020		Dec 31,
2021		Dec 31,
2022
Net income10795927794114142200
Share of profits of companies accounted for at equity, net---02-2-12
Depreciation and amortization---498796122115
Changes in value of debentures, net----3-2-0-11
Increase (decrease) in employee benefit liabilities---101-01
Gain from disposition of a subsidiary of Matrix IT--------44
Loss (gain) from sale of property, plants and equipment---0-0---0
Loss from early termination of lease-------0
Stock-based compensation expenses---4481515
Changes in value of short-term and long-term loans from banks and others and deposits, net----2652-5
Changes in deferred taxes, net-----13-6-8-18
Cash paid in respect of acquisitions of activities--------4
Change in liability in respect of business combinations---11-15-3
Impairment of right-of-use asset-----01-
Change in fair value of financial assets measured at fair value through profit or loss-------0
Amortization of premium and accrued interest on debt instruments at fair value through other comprehensive income-------0
Gain from revaluation of dividend preference derivative in TSG--------1
Effect of exchange rate on cash and cash equivalents held in currencies other than the functional currency-------2
Decrease (increase) in inventories----1-1-115-14
Decrease (increase) in trade receivables----661623-151-51
Decrease in other current and long-term accounts receivable----6139213
Increase in trade payables---20-18114025
Increase in other accounts payable and employees and payroll accrual---13635722
Increase (decrease) in deferred revenues-----49-6
Net cash provided by operating activities---83196287208239
Payments for business acquisitions, net of cash acquired (Appendix C)---49521417752
Proceeds from sale of a subsidiary of Matrix IT (Appendix D)-------43
Taxes paid in conjunction with sale of a subsidiary-------8
Cash paid in conjunction with deferred payments and contingent liabilities related to business combinations---02058-5
Payments to former shareholders of consolidated company----170-
Purchase of intangible assets---04313
Purchase of other investment----0-115
Purchase of property and equipment---1222171722
Proceeds from maturity and sale net of investment in debt instruments at fair value through other comprehensive income or loss, net---435-0
Proceeds from sale of property and equipment---02121
Restricted deposit on account of acquisition----23-23--
Dividend from companies accounted for at equity-------0
Change in short-term and long-term deposits----178-2352
Capitalization of software development and other costs---91091314
Net cash used in investing activities----90-108-177-110-74
Exercise of employees’ stock options in subsidiaries---1152-
Proceeds from issuance of ordinary shares in subsidiaries---25-109--
Dividend paid to non-controlling interests---3438416397
Dividend to Formula’s shareholders---513152222
Short-term bank credit, net-----4930-367
Repayment of long-term loans from banks and others---4376798488
Receipt of long-term loans from banks and others----83-74-91-63-66
Proceeds from issuance of debentures, net---45826050199
Repayment of long-term liabilities to IIA---01011
Repayment of debentures---931304753
Purchase of non-controlling interests----16217
Repayment of lease liabilities----35344450
Cash paid due to exercise of put option by non-controlling interests---072132
Redemption of capital note of non-controlling interests in subsidiaries-------0
Net cash provided (used) by financing activities---41610-114-71
Effect of exchange rate changes on cash and cash equivalents----11613-0-35
Increase (decrease) in cash and cash equivalents---23100133-1659
Interest paid---916171518
Interest received----11102
Taxes paid (received), net---2339453851
Purchase of property and equipment-------1
Dividend payable to non-controlling interests----1000
Right-of-use asset recognized with corresponding lease liability-------52
Working capital (other than cash and cash equivalents)------1-25
Inventories--------4
Short-term investments--------1
Short-term deposits--------0
Property and equipment------13-2-1
Goodwill and intangible assets-----197-108-88
Right-of-use assets------2-2-3
Other long-term assets-----9-0-0
Liabilities to banks and others-----11-6-5
Long-term liabilities-----14-1-1
Lease liabilities-----2-3-3
Deferred tax liability, net-----19-10-6
Liability to formerly shareholders-----8-2-7
Deferred payments and contingent consideration-----5824
Non-controlling interests at acquisition date-----2344
Total------141-77-52
Working capital (other than cash and cash equivalents)-------7
Short-term investments-------5
Property and equipment-------1
Goodwill and intangible assets-------0
Other long-term assets-------0
Long-term liabilities-------0
Non-controlling interests at the sale date-------1
Gain from realization of a subsidiary-------44
Total-------43