SAPIENS INTERNATIONAL CORP N VSPNS
| Dec 31, 2011 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
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Cash and cash equivalents | 21 | 70 | 47 | 54 | 61 | 71 | 65 | 66 | 153 | 190 | 160 |
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Short-term bank deposit | - | - | - | - | - | - | - | 23 | - | 20 | 20 |
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Trade receivables (net of allowance for credit losses of $1,130 and $1,337 on December 31, 2022 and 2021, respectively) | 14 | 24 | 29 | 30 | 35 | 53 | 39 | 35 | 49 | 54 | 59 |
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Unbilled receivables and contract assets | - | - | - | - | - | - | - | 16 | 17 | 22 | 35 |
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Other receivables and prepaid expenses | 2 | 4 | 4 | 5 | 6 | 6 | 6 | 8 | 19 | 14 | 12 |
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Total current assets | 40 | 101 | 82 | 98 | 120 | 131 | 130 | 147 | 267 | 300 | 285 |
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Balance at the beginning of the year | 17 | 20 | 19 | 20 | 21 | 24 | 22 | 24 | 24 | 25 | 23 |
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Other intangible assets, net | - | - | 8 | 8 | 8 | 41 | 43 | 34 | 75 | 57 | 44 |
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Property and equipment, net | 2 | 5 | 5 | 6 | 10 | 11 | 9 | 17 | 17 | 14 | 12 |
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Balance at the beginning of the year | 67 | 72 | 68 | 70 | 74 | 159 | 166 | 171 | 264 | 261 | 252 |
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Severance pay fund | 10 | 11 | 11 | 6 | 4 | 5 | 5 | 5 | 7 | 6 | 4 |
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Operating lease right-of-use assets | - | - | - | - | - | - | - | 50 | 54 | 44 | 34 |
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Deferred tax assets | - | - | - | - | - | - | - | - | - | - | 9 |
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Other long-term assets | 4 | 3 | 3 | 4 | 5 | 4 | 4 | 5 | 5 | 7 | 4 |
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Total long-term assets | 114 | 122 | 147 | 144 | 138 | 243 | 249 | 305 | 447 | 415 | 383 |
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Total assets | 153 | 222 | 229 | 242 | 258 | 374 | 379 | 452 | 714 | 715 | 668 |
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Trade payables | 3 | 7 | 3 | 5 | 7 | 7 | 6 | 5 | 5 | 5 | 9 |
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Employees and payroll accruals | 9 | 14 | 15 | 17 | 18 | 23 | 22 | 27 | 40 | 43 | 42 |
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Accrued expenses and other liabilities | - | - | - | - | - | - | - | 34 | 35 | 33 | 35 |
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Current maturities of Series B Debentures | - | - | - | - | - | - | 10 | 10 | 20 | 20 | 20 |
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Current maturities of operating lease liabilities | - | - | - | - | - | - | - | 8 | 10 | 11 | 9 |
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Deferred revenues | 10 | 10 | 9 | 10 | 9 | 17 | 18 | 21 | 35 | 40 | 31 |
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Total current liabilities | 32 | 38 | 37 | 47 | 48 | 70 | 81 | 105 | 145 | 152 | 146 |
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Series B Debentures, net of current maturities | - | - | - | - | - | 78 | 69 | 59 | 99 | 79 | 59 |
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Deferred tax liabilities | - | - | - | - | - | - | - | - | 16 | 15 | 11 |
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Other long-term liabilities | 1 | 2 | 3 | 6 | 10 | 8 | 9 | 8 | 12 | 12 | 13 |
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Long-term operating lease liabilities | - | - | - | - | - | - | - | 43 | 49 | 39 | 28 |
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Accrued severance pay | 11 | 13 | 12 | 7 | 5 | 6 | 6 | 6 | 10 | 9 | 7 |
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Redeemable non-controlling interest | - | - | 0 | 0 | 1 | 1 | - | - | 1 | 0 | 0 |
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Total long-term liabilities | 11 | 14 | 15 | 13 | 15 | 101 | 95 | 122 | 186 | 155 | 120 |
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Common shares of € 0.01 par value: Authorized: 70,000,000 shares on December 31, 2022 and 2021; Issued: 57,468,506 and 57,393,305 shares on December 31, 2022 and 2021, respectively; Outstanding: 55,140,210 and 55,065,009 shares on December 31, 2022 and 2021, respectively | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
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Additional paid-in capital | 208 | 245 | 247 | 234 | 227 | 221 | 215 | 217 | 335 | 341 | 345 |
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Treasury shares, at cost - 2,328,296 Common shares on December 31, 2022 and 2021 | 2 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
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Accumulated other comprehensive income (loss) | - | - | -10 | -12 | -11 | 1 | -8 | -2 | 11 | 3 | -21 |
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Retained earnings | -90 | -67 | -53 | -33 | -13 | -13 | 3 | 18 | 45 | 72 | 86 |
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Total Sapiens International Corporation N.V. shareholders’ equity | 110 | 170 | 176 | 182 | 194 | 201 | 202 | 225 | 384 | 409 | 403 |
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Non-controlling interests | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
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Total equity | 110 | 170 | 176 | 182 | 194 | 201 | 202 | 225 | 384 | 409 | 403 |
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Total liabilities and equity | 153 | 222 | 229 | 242 | 258 | 374 | 379 | 452 | 714 | 715 | 668 |
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