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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,182	1,280	507.8	451.95	544.34	485.39
Short-Term Investments	0.99	0.37	55.4	76.22	23.98	25.92
Trading Asset Securities	-	-	-	-	0.74	1.14
Cash & Short-Term Investments	1,183	1,280	563.2	528.17	569.06	512.46
Cash Growth	110.03%	127.36%	6.63%	-7.18%	11.04%	-3.89%
Accounts Receivable	844.56	774.47	803.24	721.01	702.73	696.32
Other Receivables	-	-	41.89	43.99	22.35	23.25
Receivables	844.56	774.47	845.12	765	725.07	719.57
Inventory	36.3	30.25	30.73	42.01	35.18	21.22
Prepaid Expenses	110.7	80.52	48	40.68	42.19	48.87
Total Current Assets	2,174	2,166	1,487	1,376	1,371	1,302
Property, Plant & Equipment	199.3	193.08	207.44	173.04	171.65	172.5
Long-Term Investments	418.28	403.83	65.11	45.23	35.47	29.62
Goodwill	-	-	975.08	936.58	926.16	932.85
Other Intangible Assets	819.13	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	26.97	26.92	33.85	46.86	42.03	46.36
Other Long-Term Assets	-	-	20.8	19.74	18.88	20
Total Assets	3,638	3,604	3,015	2,813	2,794	2,749
Accounts Payable	367.13	368.32	296.21	258.65	222.48	205.84
Accrued Expenses	236.12	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	319.27	254.83	140.57	154.18	156.17	137.77
Current Portion of Leases	43.57	42.9	45.24	44.06	45.5	41.66
Current Unearned Revenue	185.57	157.55	173.96	137.64	131.64	140.66
Other Current Liabilities	140.22	271.91	61.61	43.94	87.63	47.33
Total Current Liabilities	1,292	1,330	1,138	985.66	1,001	947.6
Long-Term Debt	212.87	186.73	250.82	322.43	421.51	362.26
Long-Term Leases	105.76	107.81	119.59	84.64	78.97	84.84
Long-Term Unearned Revenue	14.69	16.46	12.52	4.87	8.86	17.76
Pension & Post-Retirement Benefits	6.49	5.8	10.24	10.43	9.12	12.64
Long-Term Deferred Tax Liabilities	88.14	83.43	42.89	59.21	59.47	78.14
Other Long-Term Liabilities	94.25	74.93	51.01	37.18	38.13	65.55
Total Liabilities	1,814	1,806	1,626	1,504	1,617	1,569
Common Stock	1,385	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	1,385	1,363	679.34	625.76	551.88	540.96
Minority Interest	439.15	435.19	710.01	682.42	625.05	638.83
Shareholders' Equity	1,824	1,798	1,389	1,308	1,177	1,180
Total Liabilities & Equity	3,638	3,604	3,015	2,813	2,794	2,749
Total Debt	681.48	592.26	644.21	669.99	772.14	712.91
Net Cash (Debt)	501.43	688.23	-81.01	-141.82	-203.09	-200.45
Net Cash Per Share	31.71	43.60	-5.18	-9.15	-13.10	-13.01
Filing Date Shares Outstanding	15.32	15.31	15.33	15.33	15.33	15.32
Total Common Shares Outstanding	15.32	15.31	15.33	15.33	15.32	15.29
Working Capital	882.59	835.25	348.57	390.19	370.51	354.52
Book Value Per Share	90.42	89.04	44.31	40.81	36.03	35.37
Tangible Book Value	565.78	548.75	-513.4	-518.29	-597.17	-634.05
Tangible Book Value Per Share	36.94	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