Formula Systems (1985) Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,280	507.8	451.95	544.34	485.39
Short-Term Investments	0.37	55.4	76.22	23.98	25.92
Trading Asset Securities	-	-	-	0.74	1.14
Cash & Short-Term Investments	1,280	563.2	528.17	569.06	512.46
Cash Growth	127.36%	6.63%	-7.18%	11.04%	-3.89%
Accounts Receivable	774.47	803.24	721.01	702.73	696.32
Other Receivables	-	41.89	43.99	22.35	23.25
Receivables	774.47	845.12	765	725.07	719.57
Inventory	30.25	30.73	42.01	35.18	21.22
Prepaid Expenses	80.52	48	40.68	42.19	48.87
Total Current Assets	2,166	1,487	1,376	1,371	1,302
Property, Plant & Equipment	193.08	207.44	173.04	171.65	172.5
Long-Term Investments	403.83	65.11	45.23	35.47	29.62
Goodwill	-	975.08	936.58	926.16	932.85
Other Intangible Assets	814.39	217.66	207.47	222.89	242.15
Long-Term Accounts Receivable	-	7.92	7.83	5.38	2.96
Long-Term Deferred Tax Assets	26.92	33.85	46.86	42.03	46.36
Other Long-Term Assets	-	20.8	19.74	18.88	20
Total Assets	3,604	3,015	2,813	2,794	2,749
Accounts Payable	368.32	296.21	258.65	222.48	205.84
Accrued Expenses	234.98	332.89	282.51	287.57	287.96
Short-Term Debt	-	88	64.68	70	86.38
Current Portion of Long-Term Debt	254.83	140.57	154.18	156.17	137.77
Current Portion of Leases	42.9	45.24	44.06	45.5	41.66
Current Unearned Revenue	157.55	173.96	137.64	131.64	140.66
Other Current Liabilities	271.91	61.61	43.94	87.63	47.33
Total Current Liabilities	1,330	1,138	985.66	1,001	947.6
Long-Term Debt	186.73	250.82	322.43	421.51	362.26
Long-Term Leases	107.81	119.59	84.64	78.97	84.84
Long-Term Unearned Revenue	16.46	12.52	4.87	8.86	17.76
Pension & Post-Retirement Benefits	5.8	10.24	10.43	9.12	12.64
Long-Term Deferred Tax Liabilities	83.43	42.89	59.21	59.47	78.14
Other Long-Term Liabilities	74.93	51.01	37.18	38.13	65.55
Total Liabilities	1,806	1,626	1,504	1,617	1,569
Common Stock	1,363	4.35	4.35	4.35	4.34
Additional Paid-In Capital	-	152.65	157.48	145.37	153.05
Retained Earnings	-	536.01	475.22	419.45	358.32
Treasury Stock	-	-0.26	-0.26	-0.26	-0.26
Comprehensive Income & Other	-	-13.42	-11.03	-17.03	25.52
Total Common Equity	1,363	679.34	625.76	551.88	540.96
Minority Interest	435.19	710.01	682.42	625.05	638.83
Shareholders' Equity	1,798	1,389	1,308	1,177	1,180
Total Liabilities & Equity	3,604	3,015	2,813	2,794	2,749
Total Debt	592.26	644.21	669.99	772.14	712.91
Net Cash (Debt)	688.23	-81.01	-141.82	-203.09	-200.45
Net Cash Per Share	43.60	-5.18	-9.15	-13.10	-13.01
Filing Date Shares Outstanding	15.31	15.33	15.33	15.33	15.32
Total Common Shares Outstanding	15.31	15.33	15.33	15.32	15.29
Working Capital	835.25	348.57	390.19	370.51	354.52
Book Value Per Share	89.04	44.31	40.81	36.03	35.37
Tangible Book Value	548.75	-513.4	-518.29	-597.17	-634.05
Tangible Book Value Per Share	35.84	-33.48	-33.80	-38.99	-41.46
Machinery	-	148.24	142.62	147.47	153.64
Leasehold Improvements	-	48.28	43.13	42.82	41.91

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