Formula Systems (1985) Ltd. (FORTY)

Formula Systems (1985) Balance Sheet

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

Year	2023	2022	2021	2020	2019
Cash & Equivalents	451.95	544.34	485.39	501.65	368.67
Short-Term Investments	76.22	24.71	27.07	31.53	36.49
Cash & Cash Equivalents	528.17	569.06	512.46	533.18	405.15
Cash Growth	-7.18%	11.04%	-3.89%	31.60%	37.21%
Receivables	721.01	702.73	696.32	519.89	486.01
Inventory	42.01	35.18	21.22	23.99	8.64
Other Current Assets	84.67	64.54	72.12	83.82	65.71
Total Current Assets	1,376	1,371	1,302	1,161	965.5
Property, Plant & Equipment	173.58	171.81	172.72	173.59	147.19
Long-Term Investments	72.8	59.73	52.58	28.31	26.02
Goodwill and Intangibles	1,144	1,149	1,175	1,095	889.47
Other Long-Term Assets	46.86	42.03	46.36	62.62	61.07
Total Long-Term Assets	1,437	1,422	1,446	1,359	1,124
Total Assets	2,813	2,794	2,749	2,520	2,089
Accounts Payable	331.77	308.82	286.25	222.3	188.34
Deferred Revenue	142.52	140.5	158.42	145.52	100
Current Debt	262.92	271.67	265.81	193.96	192.33
Other Current Liabilities	248.45	280	237.13	218.12	190.72
Total Current Liabilities	985.66	1,001	947.6	779.9	671.39
Long-Term Debt	407.07	500.47	447.1	474.57	411.16
Other Long-Term Liabilities	111.69	115.57	174.08	157.06	110.37
Total Long-Term Liabilities	518.75	616.05	621.18	631.63	521.53
Total Liabilities	1,504	1,617	1,569	1,412	1,193
Total Debt	669.99	772.14	712.91	668.54	603.49
Debt Growth	-13.23%	8.31%	6.64%	10.78%	58.22%
Retained Earnings	475.22	419.45	358.32	324.36	285.15
Comprehensive Income	0	-17.03	25.52	25.51	11.68
Shareholders' Equity	625.76	551.88	540.96	503.2	421.64
Net Cash / Debt	-141.82	-203.09	-200.45	-135.36	-198.34
Net Cash Per Share	-9.15	-13.10	-13.01	-8.85	-12.93
Working Capital	390.19	370.51	354.52	380.97	294.11
Book Value Per Share	40.90	36.08	35.38	32.92	27.76

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).