Formula Systems (1985) Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	431.31	507.8	451.95	544.34	485.39	501.65
Short-Term Investments	0.77	55.4	76.22	23.98	25.92	30.29
Trading Asset Securities	-	-	-	0.74	1.14	1.24
Cash & Short-Term Investments	432.08	563.2	528.17	569.06	512.46	533.18
Cash Growth	-15.42%	6.63%	-7.18%	11.04%	-3.89%	31.60%
Accounts Receivable	784.1	803.24	721.01	702.73	696.32	519.89
Other Receivables	-	41.89	43.99	22.35	23.25	36.67
Receivables	784.1	845.12	765	725.07	719.57	556.55
Inventory	26.27	30.73	42.01	35.18	21.22	23.99
Prepaid Expenses	80.56	48	40.68	42.19	48.87	47.16
Other Current Assets	737.85	-	-	-	-	-
Total Current Assets	2,061	1,487	1,376	1,371	1,302	1,161
Property, Plant & Equipment	193.69	207.44	173.04	171.65	172.5	173.59
Long-Term Investments	89.59	65.11	45.23	35.47	29.62	28.31
Goodwill	-	975.08	936.58	926.16	932.85	872.42
Other Intangible Assets	956.58	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	26.55	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	3,327	3,015	2,813	2,794	2,749	2,520
Accounts Payable	285.48	296.21	258.65	222.48	205.84	153.32
Accrued Expenses	203.82	332.89	282.51	287.57	287.96	259.22
Short-Term Debt	-	88	64.68	70	86.38	43.72
Current Portion of Long-Term Debt	249.24	140.57	154.18	156.17	137.77	118.18
Current Portion of Leases	41.52	45.24	44.06	45.5	41.66	32.07
Current Unearned Revenue	146.58	173.96	137.64	131.64	140.66	128.9
Other Current Liabilities	363.66	61.61	43.94	87.63	47.33	44.5
Total Current Liabilities	1,290	1,138	985.66	1,001	947.6	779.9
Long-Term Debt	235.48	250.82	322.43	421.51	362.26	383.39
Long-Term Leases	112.45	119.59	84.64	78.97	84.84	91.19
Long-Term Unearned Revenue	17.09	12.52	4.87	8.86	17.76	16.63
Pension & Post-Retirement Benefits	5.71	10.24	10.43	9.12	12.64	15.12
Long-Term Deferred Tax Liabilities	39.72	42.89	59.21	59.47	78.14	68.37
Other Long-Term Liabilities	49.15	51.01	37.18	38.13	65.55	56.95
Total Liabilities	1,750	1,626	1,504	1,617	1,569	1,412
Common Stock	777.69	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	777.69	679.34	625.76	551.88	540.96	503.2
Minority Interest	799.68	710.01	682.42	625.05	638.83	605.34
Shareholders' Equity	1,577	1,389	1,308	1,177	1,180	1,109
Total Liabilities & Equity	3,327	3,015	2,813	2,794	2,749	2,520
Total Debt	638.7	644.21	669.99	772.14	712.91	668.54
Net Cash (Debt)	-206.62	-81.01	-141.82	-203.09	-200.45	-135.36
Net Cash Per Share	-13.12	-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	770.57	348.57	390.19	370.51	354.52	380.97
Book Value Per Share	50.80	44.31	40.81	36.03	35.37	32.90
Tangible Book Value	-178.89	-513.4	-518.29	-597.17	-634.05	-591.49
Tangible Book Value Per Share	-11.69	-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.