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

Formula Systems (1985) Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	408.26	451.95	544.34	485.39	501.65	368.67
Short-Term Investments	64.62	76.22	23.98	25.92	30.29	35.37
Trading Asset Securities	-	-	0.74	1.14	1.24	1.11
Cash & Short-Term Investments	472.88	528.17	569.06	512.46	533.18	405.15
Cash Growth	-0.96%	-7.18%	11.04%	-3.89%	31.60%	37.21%
Accounts Receivable	710.3	721.01	702.73	696.32	519.89	486.01
Other Receivables	-	43.99	22.35	23.25	36.67	28.32
Receivables	710.3	765	725.07	719.57	556.55	514.32
Inventory	30.19	42.01	35.18	21.22	23.99	8.64
Prepaid Expenses	90.27	40.68	42.19	48.87	47.16	37.39
Total Current Assets	1,304	1,376	1,371	1,302	1,161	965.5
Property, Plant & Equipment	162.58	173.04	171.65	172.5	173.59	147.19
Long-Term Investments	71.57	45.23	35.47	29.62	28.31	26.02
Goodwill	-	936.58	926.16	932.85	872.42	724.19
Other Intangible Assets	1,118	207.47	222.89	242.15	222.26	165.28
Long-Term Accounts Receivable	-	7.83	5.38	2.96	-	-
Long-Term Deferred Tax Assets	46.55	46.86	42.03	46.36	39.75	38.87
Other Long-Term Assets	-	19.74	18.88	20	22.87	22.21
Total Assets	2,703	2,813	2,794	2,749	2,520	2,089
Accounts Payable	199.12	258.65	222.48	205.84	153.32	125.16
Accrued Expenses	197.53	282.51	287.57	287.96	259.22	205.21
Short-Term Debt	-	64.68	70	86.38	43.72	60.01
Current Portion of Long-Term Debt	214.67	154.18	156.17	137.77	118.18	96.65
Current Portion of Leases	41.13	44.06	45.5	41.66	32.07	35.67
Current Unearned Revenue	147.19	137.64	131.64	140.66	128.9	93.51
Other Current Liabilities	132.05	43.94	87.63	47.33	44.5	55.18
Total Current Liabilities	931.7	985.66	1,001	947.6	779.9	671.39
Long-Term Debt	258	322.43	421.51	362.26	383.39	337.47
Long-Term Leases	79.76	84.64	78.97	84.84	91.19	73.69
Long-Term Unearned Revenue	17.08	4.87	8.86	17.76	16.63	6.49
Long-Term Deferred Tax Liabilities	53.02	59.21	59.47	78.14	68.37	53.85
Other Long-Term Liabilities	25.97	37.18	38.13	65.55	56.95	38.39
Total Liabilities	1,376	1,504	1,617	1,569	1,412	1,193
Common Stock	644.02	4.35	4.35	4.34	4.34	4.34
Additional Paid-In Capital	-	157.48	145.37	153.05	149.25	120.74
Retained Earnings	-	475.22	419.45	358.32	324.36	285.15
Treasury Stock	-	-0.26	-0.26	-0.26	-0.26	-0.26
Comprehensive Income & Other	-	-11.03	-17.03	25.52	25.51	11.68
Total Common Equity	644.02	625.76	551.88	540.96	503.2	421.64
Minority Interest	682.88	682.42	625.05	638.83	605.34	474.69
Shareholders' Equity	1,327	1,308	1,177	1,180	1,109	896.33
Total Liabilities & Equity	2,703	2,813	2,794	2,749	2,520	2,089
Total Debt	593.56	669.99	772.14	712.91	668.54	603.49
Net Cash (Debt)	-120.68	-141.82	-203.09	-200.45	-135.36	-198.34
Net Cash Per Share	-7.76	-9.15	-13.10	-13.01	-8.85	-12.93
Filing Date Shares Outstanding	15.3	15.33	15.33	15.32	15.29	15.29
Total Common Shares Outstanding	15.3	15.33	15.32	15.29	15.29	15.29
Working Capital	371.94	390.19	370.51	354.52	380.97	294.11
Book Value Per Share	42.08	40.81	36.03	35.37	32.90	27.57
Tangible Book Value	-474.27	-518.29	-597.17	-634.05	-591.49	-467.83
Tangible Book Value Per Share	-30.99	-33.80	-38.99	-41.46	-38.67	-30.59
Buildings	-	-	-	-	0.98	0.98
Machinery	-	142.62	147.47	153.64	149.21	115.98
Leasehold Improvements	-	43.13	42.82	41.91	39.28	31.44

Source: S&P Capital IQ. Standard template. Financial Sources.