Formula Systems (1985) Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	79.67	64.01	81.39	54.59
Depreciation & Amortization	94.45	99.87	115.31	122.18
Other Amortization	21.05	21.96	-	-
Loss (Gain) From Sale of Assets	0.59	0.07	-44.3	-0.02
Asset Writedown & Restructuring Costs	-	-	-	1.44
Loss (Gain) From Sale of Investments	-	0.01	0.02	-
Loss (Gain) on Equity Investments	-2.08	-0.77	1.81	-0.51
Stock-Based Compensation	16.16	18.62	14.95	14.77
Other Operating Activities	93.56	90.56	91.28	85.7
Change in Accounts Receivable	-81.21	6.56	-51.4	-150.82
Change in Inventory	11.72	-3.38	-13.76	4.64
Change in Accounts Payable	40.03	18.72	25.33	40.08
Change in Unearned Revenue	7.37	9.69	-6.42	9.28
Change in Other Net Operating Assets	43.14	-30.95	24.92	27.76
Operating Cash Flow	324.45	294.97	239.14	209.09
Operating Cash Flow Growth	9.99%	23.35%	14.37%	-27.43%
Capital Expenditures	-16.44	-16.68	-22.06	-17.35
Sale of Property, Plant & Equipment	0.78	1.04	0.63	2.28
Cash Acquisitions	-58.55	-48.84	-57.44	-85.79
Divestitures	-	-	42.93	-
Sale (Purchase) of Intangibles	-12.52	-15.32	-17.25	-13.7
Investment in Securities	14.68	-52.44	-12.67	4.22
Other Investing Activities	-6.14	-7	-8.42	-0.16
Investing Cash Flow	-78.18	-139.24	-74.3	-110.19
Short-Term Debt Issued	-	-	-	36.26
Long-Term Debt Issued	130.34	55.57	264.73	113
Total Debt Issued	130.34	55.57	264.73	149.26
Short-Term Debt Repaid	-4.65	-9.53	-7.32	-
Long-Term Debt Repaid	-215.5	-198.78	-191.34	-176.13
Total Debt Repaid	-220.15	-208.31	-198.66	-176.13
Net Debt Issued (Repaid)	-89.81	-152.74	66.07	-26.87
Common Dividends Paid	-18.81	-9.93	-21.78	-22.08
Other Financing Activities	-76.35	-80.51	-115.27	-65.18
Financing Cash Flow	-184.96	-243.18	-70.98	-114.13
Foreign Exchange Rate Adjustments	-5.45	-4.95	-34.91	-1.03
Net Cash Flow	55.85	-92.4	58.95	-16.26
Free Cash Flow	308.01	278.29	217.07	191.74
Free Cash Flow Growth	10.68%	28.20%	13.21%	-29.38%
Free Cash Flow Margin	11.17%	10.62%	8.44%	7.98%
Free Cash Flow Per Share	19.70	17.96	14.00	12.45
Cash Interest Paid	25.85	26.14	17.57	15.34
Cash Income Tax Paid	63.08	76.69	51.26	38.39
Levered Free Cash Flow	316.74	187.7	259.4	158.49
Unlevered Free Cash Flow	334.2	206.24	270.93	169.79
Change in Working Capital	21.05	0.64	-21.33	-69.06

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