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

Formula Systems (1985) Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	507.8	451.95	544.34	485.39	501.65
Short-Term Investments	55.4	76.22	23.98	25.92	30.29
Trading Asset Securities	-	-	0.74	1.14	1.24
Cash & Short-Term Investments	563.2	528.17	569.06	512.46	533.18
Cash Growth	6.63%	-7.18%	11.04%	-3.89%	31.60%
Accounts Receivable	802.99	721.01	702.73	696.32	519.89
Other Receivables	-	43.99	22.35	23.25	36.67
Receivables	802.99	765	725.07	719.57	556.55
Inventory	30.73	42.01	35.18	21.22	23.99
Prepaid Expenses	89.6	40.68	42.19	48.87	47.16
Total Current Assets	1,487	1,376	1,371	1,302	1,161
Property, Plant & Equipment	208.17	173.04	171.65	172.5	173.59
Long-Term Investments	94.09	45.23	35.47	29.62	28.31
Goodwill	-	936.58	926.16	932.85	872.42
Other Intangible Assets	1,192	207.47	222.89	242.15	222.26
Long-Term Accounts Receivable	-	7.83	5.38	2.96	-
Long-Term Deferred Tax Assets	33.85	46.86	42.03	46.36	39.75
Other Long-Term Assets	-	19.74	18.88	20	22.87
Total Assets	3,015	2,813	2,794	2,749	2,520
Accounts Payable	292.07	258.65	222.48	205.84	153.32
Accrued Expenses	233.41	282.51	287.57	287.96	259.22
Short-Term Debt	-	64.68	70	86.38	43.72
Current Portion of Long-Term Debt	230.34	154.18	156.17	137.77	118.18
Current Portion of Leases	45.24	44.06	45.5	41.66	32.07
Current Unearned Revenue	173.96	137.64	131.64	140.66	128.9
Other Current Liabilities	164.71	43.94	87.63	47.33	44.5
Total Current Liabilities	1,140	985.66	1,001	947.6	779.9
Long-Term Debt	249.05	322.43	421.51	362.26	383.39
Long-Term Leases	119.59	84.64	78.97	84.84	91.19
Long-Term Unearned Revenue	12.52	4.87	8.86	17.76	16.63
Long-Term Deferred Tax Liabilities	42.89	59.21	59.47	78.14	68.37
Other Long-Term Liabilities	51.01	37.18	38.13	65.55	56.95
Total Liabilities	1,625	1,504	1,617	1,569	1,412
Common Stock	679.34	4.35	4.35	4.34	4.34
Additional Paid-In Capital	-	157.48	145.37	153.05	149.25
Retained Earnings	-	475.22	419.45	358.32	324.36
Treasury Stock	-	-0.26	-0.26	-0.26	-0.26
Comprehensive Income & Other	-	-11.03	-17.03	25.52	25.51
Total Common Equity	679.34	625.76	551.88	540.96	503.2
Minority Interest	710.01	682.42	625.05	638.83	605.34
Shareholders' Equity	1,389	1,308	1,177	1,180	1,109
Total Liabilities & Equity	3,015	2,813	2,794	2,749	2,520
Total Debt	644.21	669.99	772.14	712.91	668.54
Net Cash (Debt)	-81.01	-141.82	-203.09	-200.45	-135.36
Net Cash Per Share	-5.18	-9.15	-13.10	-13.01	-8.85
Filing Date Shares Outstanding	15.31	15.33	15.33	15.32	15.29
Total Common Shares Outstanding	15.31	15.33	15.32	15.29	15.29
Working Capital	346.79	390.19	370.51	354.52	380.97
Book Value Per Share	44.38	40.81	36.03	35.37	32.90
Tangible Book Value	-512.67	-518.29	-597.17	-634.05	-591.49
Tangible Book Value Per Share	-33.49	-33.80	-38.99	-41.46	-38.67
Buildings	-	-	-	-	0.98
Machinery	-	142.62	147.47	153.64	149.21
Leasehold Improvements	-	43.13	42.82	41.91	39.28

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