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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	431.31	507.8	451.95	544.34	485.39	501.65
Short-Term Investments	0.77	55.4	76.22	24.71	27.07	31.53
Cash & Short-Term Investments	432.08	563.2	528.17	569.06	512.46	533.18
Cash Growth	-15.42%	6.63%	-7.18%	11.04%	-3.89%	31.60%
Accounts Receivable	784.1	803.24	721.01	702.73	696.32	519.89
Inventory	26.27	30.73	42.01	35.18	21.22	23.99
Other Current Assets	818.41	89.88	84.67	64.54	72.12	83.82
Total Current Assets	2,061	1,487	1,376	1,371	1,302	1,161
Net Property, Plant & Equipment	193.69	208.02	173.58	171.81	172.72	173.59
Other Intangible Assets	956.58	217.08	206.93	222.73	241.94	222.26
Goodwill	-	975.08	936.58	926.16	932.85	872.42
Long-Term Investments	89.59	93.83	72.8	59.73	52.58	28.31
Other Long-Term Assets	26.55	33.85	46.86	42.03	46.36	62.62
Total Assets	3,327	3,015	2,813	2,794	2,749	2,520
Accounts Payable	285.48	296.21	258.65	222.48	205.84	153.32
Accrued Expenses	264.36	332.89	282.51	287.57	287.96	259.22
Short-Term Debt	173.94	141.78	145.97	157.88	175.7	120.44
Current Portion of Long-Term Debt	75.31	86.78	72.89	68.29	48.46	41.45
Current Portion of Leases	41.52	45.24	44.06	45.5	41.66	32.07
Unearned Revenue	146.58	173.96	137.64	131.64	140.66	128.9
Other Current Liabilities	303.11	61.61	43.94	87.63	47.33	44.5
Total Current Liabilities	1,290	1,138	985.66	1,001	947.6	779.9
Long-Term Debt	235.48	250.82	322.43	421.51	362.26	383.39
Long-Term Leases	112.45	119.59	84.64	78.97	84.84	91.19
Other Long-Term Liabilities	111.68	116.67	111.69	115.57	174.08	157.06
Total Long-Term Liabilities	459.61	487.08	518.75	616.05	621.18	631.63
Total Liabilities	1,750	1,626	1,504	1,617	1,569	1,412
Common Stock	-	4.35	4.35	4.35	4.34	4.34
Treasury Stock	-	-0.26	-0.26	-0.26	-0.26	-0.26
Additional Paid-in Capital	-	152.65	157.48	145.37	153.05	149.25
Accumulated Other Comprehensive Income	-	-13.42	-11.03	-17.03	25.52	25.51
Retained Earnings	-	536.01	475.22	419.45	358.32	324.36
Total Common Shareholders' Equity	777.69	679.34	625.76	551.88	540.96	503.2
Minority Interest	799.68	710.01	682.42	625.05	638.83	605.34
Shareholders' Equity	1,577	1,389	1,308	1,177	1,180	1,109
Total Liabilities & Equity	3,327	3,015	2,813	2,794	2,749	2,520
Total Debt	638.7	644.21	669.99	772.14	712.91	668.54
Net Cash (Debt)	-206.62	-81.01	-141.82	-203.09	-200.45	-135.36
Net Cash Per Share	-13.12	-5.18	-9.15	-13.10	-13.11	-8.85
Book Value	777.69	679.34	625.76	551.88	540.96	503.2
Book Value Per Share	49.39	43.44	40.38	35.60	35.38	32.91
Tangible Book Value	-178.89	-512.82	-517.75	-597.01	-633.83	-591.49
Tangible Book Value Per Share	-11.36	-32.80	-33.41	-38.51	-41.45	-38.68

Updated Nov 20, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

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