Formula Systems (1985) Ltd. (FORTY)
NASDAQ: FORTY · Real-Time Price · USD
82.73
+2.13 (2.64%)
Nov 19, 2024, 4:00 PM EST - Market open

Formula Systems (1985) Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTM FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 2018 - 2014
Period Ending
Sep '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 2018 - 2014
Revenue
2,7062,6212,5722,4041,9341,701
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Revenue Growth (YoY)
2.60%1.89%6.99%24.33%13.69%13.94%
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Cost of Revenue
2,0421,9771,9501,8411,4861,315
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Gross Profit
664.78643.71622.47563.86447.43386.05
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Selling, General & Admin
331.62326.38317.96289.99224.19200.87
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Research & Development
81.3777.9772.1365.8652.646.69
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Other Operating Expenses
-7.21-----
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Operating Expenses
405.79404.34390.09355.84276.79247.56
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Operating Income
259239.37232.38208.02170.64138.49
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Interest Expense
-25.78-29.66-18.43-18.07-18.78-16.2
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Interest & Investment Income
13.813.85.825.992.563.83
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Earnings From Equity Investments
0.470.77-1.810.511.541.79
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Other Non Operating Income (Expenses)
-11.7-11.7-7.7-8.39-6.93-5.18
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EBT Excluding Unusual Items
235.78212.58210.26188.06149.03122.72
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Merger & Restructuring Charges
-0.78-0.78-1.08-3.54-3.74-1.06
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Gain (Loss) on Sale of Investments
------0.04
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Gain (Loss) on Sale of Assets
--44.26---
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Other Unusual Items
--1.47---
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Pretax Income
235.01211.81254.9184.52145.29121.62
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Income Tax Expense
51.6946.0855.2442.6131.2727.2
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Earnings From Continuing Operations
183.32165.73199.67141.9114.0294.42
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Minority Interest in Earnings
-107.99-101.72-118.27-87.32-67.25-55.6
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Net Income
75.3364.0181.3954.5946.7838.82
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Net Income to Common
75.3364.0181.3954.5946.7838.82
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Net Income Growth
18.37%-21.35%49.11%16.69%20.49%19.94%
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Shares Outstanding (Basic)
151515151515
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Shares Outstanding (Diluted)
161516151515
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Shares Change (YoY)
0.60%-0.03%0.64%0.73%-0.32%-1.48%
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EPS (Basic)
4.924.185.323.573.062.56
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EPS (Diluted)
4.834.125.213.503.012.44
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EPS Growth
18.72%-20.91%48.73%16.56%23.12%13.92%
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Free Cash Flow
-278.29217.07191.74271.49173.7
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Free Cash Flow Per Share
-17.9614.0012.4517.7511.32
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Dividend Per Share
0.6411.2600.6201.5601.1800.980
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Dividend Growth
6.25%103.23%-60.26%32.20%20.41%188.24%
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Gross Margin
24.56%24.56%24.20%23.45%23.14%22.69%
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Operating Margin
9.57%9.13%9.03%8.65%8.82%8.14%
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Profit Margin
2.78%2.44%3.16%2.27%2.42%2.28%
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Free Cash Flow Margin
-10.62%8.44%7.97%14.04%10.21%
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EBITDA
307.88287.19278.79287.1231.74191.89
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EBITDA Margin
11.38%10.96%10.84%11.94%11.98%11.28%
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D&A For EBITDA
48.8847.8246.4179.0861.153.4
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EBIT
259239.37232.38208.02170.64138.49
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EBIT Margin
9.57%9.13%9.03%8.65%8.82%8.14%
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Effective Tax Rate
21.99%21.75%21.67%23.09%21.52%22.36%
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Revenue as Reported
2,6212,6212,5722,4041,9341,701
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Source: S&P Capital IQ. Standard template. Financial Sources.