Formula Systems (1985) Ltd. (FORTY)
NASDAQ: FORTY · Real-Time Price · USD
108.02
+1.88 (1.77%)
Jul 31, 2026, 4:00 PM EDT - Market closed
Formula Systems (1985) Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 |
Net Income | 669.06 | 193.79 | 165.73 | 199.67 | 141.9 |
Depreciation & Amortization | 152.51 | 115.5 | 121.83 | 115.31 | 122.18 |
Stock-Based Compensation | 31.15 | 16.16 | 18.62 | 14.95 | 14.77 |
Other Adjustments | -575.96 | -22.05 | -11.86 | -69.47 | -0.7 |
Change in Receivables | 36.4 | -82.73 | 0.73 | -48.77 | -130.31 |
Changes in Inventories | 5.1 | 11.72 | -3.38 | -13.76 | 4.64 |
Changes in Accounts Payable | 24.24 | 40.03 | 18.72 | 25.33 | 40.08 |
Changes in Unearned Revenue | -8.29 | 7.37 | 9.69 | -6.42 | 9.28 |
Changes in Other Operating Activities | 47.81 | 44.66 | -25.12 | 22.29 | 7.26 |
Operating Cash Flow | 382.04 | 324.45 | 294.97 | 239.14 | 209.09 |
Operating Cash Flow Growth | 17.75% | 9.99% | 23.35% | 14.37% | -27.43% |
Investing Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 |
Capital Expenditures | -16.18 | -16.44 | -16.68 | -22.06 | -17.35 |
Sale of Property, Plant & Equipment | 1.06 | 0.78 | 1.04 | 0.63 | 2.28 |
Purchases of Intangible Assets | -11.71 | -12.52 | -15.32 | -17.25 | -13.7 |
Purchases of Investments | -0.55 | -14.94 | -1.74 | -15.07 | -0.5 |
Proceeds from Sale of Investments | 3.71 | 5.19 | 0.7 | 0.31 | - |
Cash Acquisitions | -148.59 | -64.69 | -48.84 | -57.44 | -85.79 |
Proceeds from Business Divestments | 674.66 | - | - | 34.5 | - |
Other Investing Activities | 61.61 | 24.42 | -58.4 | 2.09 | 4.87 |
Investing Cash Flow | 564.01 | -78.18 | -139.24 | -74.3 | -110.19 |
Financing Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 |
Short-Term Debt Issued | 7.82 | -4.65 | -9.53 | -7.32 | 36.26 |
Net Short-Term Debt Issued (Repaid) | 7.82 | -4.65 | -9.53 | -7.32 | 36.26 |
Long-Term Debt Issued | 100.21 | 130.34 | 55.57 | 264.73 | 113 |
Long-Term Debt Repaid | -263.35 | -215.5 | -198.78 | -191.34 | -176.13 |
Net Long-Term Debt Issued (Repaid) | -163.13 | -85.16 | -143.21 | 73.39 | -63.13 |
Issuance of Common Stock | 83.66 | 0.1 | 4.83 | - | 2.08 |
Net Common Stock Issued (Repurchased) | 83.66 | 0.1 | 4.83 | - | 2.08 |
Common Dividends Paid | -128.16 | -85.11 | -72.41 | -118.31 | -85.07 |
Other Financing Activities | -23.66 | -10.15 | -22.85 | -18.74 | -4.27 |
Financing Cash Flow | -223.47 | -184.96 | -243.18 | -70.98 | -114.13 |
Net Cash Flow
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 |
Foreign Exchange Rate Adjustments | 49.74 | -5.45 | -4.95 | -34.91 | -1.03 |
Net Cash Flow | 772.32 | 55.85 | -92.4 | 58.95 | -16.26 |
Free Cash Flow
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 |
Free Cash Flow | 365.86 | 308.01 | 278.29 | 217.07 | 191.74 |
Free Cash Flow Growth | 18.78% | 10.68% | 28.20% | 13.21% | -29.38% |
FCF Margin | 13.93% | 13.88% | 13.19% | 8.44% | 7.97% |
Free Cash Flow Per Share | 23.17 | 19.70 | 17.96 | 14.00 | 12.45 |
Levered Free Cash Flow | 656.37 | 192.7 | 16.33 | 268.16 | 193.8 |
Unlevered Free Cash Flow | 347.3 | 341.43 | 225.35 | 337.81 | 325.93 |