Formula Systems (1985) Ltd. (TLV:FORTY)

Formula Systems (1985) Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	461.81	507.8	451.95	544.34	485.39	501.65
Short-Term Investments	64.99	55.4	76.22	23.98	25.92	30.29
Trading Asset Securities	-	-	-	0.74	1.14	1.24
Cash & Short-Term Investments	526.79	563.2	528.17	569.06	512.46	533.18
Cash Growth	2.07%	6.63%	-7.18%	11.04%	-3.89%	31.60%
Accounts Receivable	831.11	803.24	721.01	702.73	696.32	519.89
Other Receivables	-	41.89	43.99	22.35	23.25	36.67
Receivables	831.11	845.12	765	725.07	719.57	556.55
Inventory	27.77	30.73	42.01	35.18	21.22	23.99
Prepaid Expenses	96.89	48	40.68	42.19	48.87	47.16
Total Current Assets	1,483	1,487	1,376	1,371	1,302	1,161
Property, Plant & Equipment	203.69	207.44	173.04	171.65	172.5	173.59
Long-Term Investments	97.8	65.11	45.23	35.47	29.62	28.31
Goodwill	-	975.08	936.58	926.16	932.85	872.42
Other Intangible Assets	1,226	217.66	207.47	222.89	242.15	222.26
Long-Term Accounts Receivable	-	7.92	7.83	5.38	2.96	-
Long-Term Deferred Tax Assets	35.63	33.85	46.86	42.03	46.36	39.75
Other Long-Term Assets	-	20.8	19.74	18.88	20	22.87
Total Assets	3,046	3,015	2,813	2,794	2,749	2,520
Accounts Payable	283.89	296.21	258.65	222.48	205.84	153.32
Accrued Expenses	243.68	332.89	282.51	287.57	287.96	259.22
Short-Term Debt	237.72	88	64.68	70	86.38	43.72
Current Portion of Long-Term Debt	-	140.57	154.18	156.17	137.77	118.18
Current Portion of Leases	44.58	45.24	44.06	45.5	41.66	32.07
Current Unearned Revenue	180.62	173.96	137.64	131.64	140.66	128.9
Other Current Liabilities	189.56	61.61	43.94	87.63	47.33	44.5
Total Current Liabilities	1,180	1,138	985.66	1,001	947.6	779.9
Long-Term Debt	226.99	250.82	322.43	421.51	362.26	383.39
Long-Term Leases	117.65	119.59	84.64	78.97	84.84	91.19
Long-Term Unearned Revenue	25.93	12.52	4.87	8.86	17.76	16.63
Long-Term Deferred Tax Liabilities	45.33	42.89	59.21	59.47	78.14	68.37
Other Long-Term Liabilities	61.84	51.01	37.18	38.13	65.55	56.95
Total Liabilities	1,668	1,626	1,504	1,617	1,569	1,412
Common Stock	681.02	4.35	4.35	4.35	4.34	4.34
Additional Paid-In Capital	-	152.65	157.48	145.37	153.05	149.25
Retained Earnings	-	536.01	475.22	419.45	358.32	324.36
Treasury Stock	-	-0.26	-0.26	-0.26	-0.26	-0.26
Comprehensive Income & Other	-	-13.42	-11.03	-17.03	25.52	25.51
Total Common Equity	681.02	679.34	625.76	551.88	540.96	503.2
Minority Interest	696.24	710.01	682.42	625.05	638.83	605.34
Shareholders' Equity	1,377	1,389	1,308	1,177	1,180	1,109
Total Liabilities & Equity	3,046	3,015	2,813	2,794	2,749	2,520
Total Debt	626.94	644.21	669.99	772.14	712.91	668.54
Net Cash (Debt)	-100.15	-81.01	-141.82	-203.09	-200.45	-135.36
Net Cash Per Share	-6.39	-5.18	-9.15	-13.10	-13.01	-8.85
Filing Date Shares Outstanding	15.31	15.33	15.33	15.33	15.32	15.29
Total Common Shares Outstanding	15.31	15.33	15.33	15.32	15.29	15.29
Working Capital	302.5	348.57	390.19	370.51	354.52	380.97
Book Value Per Share	44.48	44.31	40.81	36.03	35.37	32.90
Tangible Book Value	-544.8	-513.4	-518.29	-597.17	-634.05	-591.49
Tangible Book Value Per Share	-35.58	-33.48	-33.80	-38.99	-41.46	-38.67
Buildings	-	-	-	-	-	0.98
Machinery	-	148.24	142.62	147.47	153.64	149.21
Leasehold Improvements	-	48.28	43.13	42.82	41.91	39.28

Source: S&P Global Market Intelligence. Standard template. Financial Sources.