Magic Software Enterprises Ltd. (MGIC)

MGIC Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	112.78	105.94	83.06	88.09	88.13
Short-Term Investments	0.05	0.75	3.9	5.59	0.29
Trading Asset Securities	-	-	-	-	1.24
Cash & Short-Term Investments	112.83	106.69	86.97	93.68	89.65
Cash Growth	5.75%	22.68%	-7.16%	4.49%	-6.13%
Accounts Receivable	139.57	131.1	148.48	142.07	111.06
Other Receivables	23.8	8.47	6.74	3.63	3.62
Receivables	163.37	139.57	155.22	145.7	114.68
Prepaid Expenses	-	10.37	6.92	7.4	6.89
Total Current Assets	276.2	256.63	249.1	246.77	211.23
Property, Plant & Equipment	32.17	33.18	35.78	29.04	30.33
Goodwill	-	166.07	158.7	146.8	135.68
Other Intangible Assets	217.8	51.19	52.15	51.5	53.57
Long-Term Deferred Tax Assets	4.9	6.73	3.62	7.99	6.4
Other Long-Term Assets	9.26	8.62	5.8	5.17	10.18
Total Assets	540.33	522.41	505.14	487.28	447.39
Accounts Payable	28.92	28.42	27.6	24.71	14.25
Accrued Expenses	58.04	41.49	46.84	45.09	41.21
Short-Term Debt	23.17	2.77	2.45	4.72	1.26
Current Portion of Long-Term Debt	-	26.17	18.31	12.39	10.27
Current Portion of Leases	4.82	4.41	4.59	3.27	3.41
Current Unearned Revenue	21.03	13.54	9.81	10.77	8.79
Other Current Liabilities	34.31	24.91	46.46	29.83	5.64
Total Current Liabilities	170.29	141.7	156.05	130.78	84.83
Long-Term Debt	36.13	52.27	30.41	20.16	13.35
Long-Term Leases	22.04	23.1	24.28	21.91	21.11
Long-Term Deferred Tax Liabilities	7.85	11.61	10.69	17.95	17.64
Other Long-Term Liabilities	2.96	2.79	7.4	20.93	16.47
Total Liabilities	239.26	231.46	228.83	211.72	153.4
Common Stock	277.19	1.17	1.17	1.17	1.16
Additional Paid-In Capital	-	182.61	182.03	184.05	211.71
Retained Earnings	-	92.52	86.29	70.66	39.72
Comprehensive Income & Other	-	-10.31	-6.56	9.26	7.84
Total Common Equity	277.19	265.98	262.93	265.14	260.43
Minority Interest	23.88	24.96	13.38	10.42	33.55
Shareholders' Equity	301.07	290.94	276.31	275.56	293.99
Total Liabilities & Equity	540.33	522.41	505.14	487.28	447.39
Total Debt	86.15	108.72	80.04	62.44	49.4
Net Cash (Debt)	26.68	-2.02	6.93	31.24	40.25
Net Cash Growth	-	-	-77.83%	-22.39%	-30.53%
Net Cash Per Share	0.54	-0.04	0.14	0.64	0.82
Filing Date Shares Outstanding	49.1	49.1	49.09	49.07	49.04
Total Common Shares Outstanding	49.1	49.1	49.09	49.07	49.04
Working Capital	105.91	114.93	93.05	115.99	126.4
Book Value Per Share	5.65	5.42	5.36	5.40	5.31
Tangible Book Value	59.39	48.73	52.08	66.83	71.18
Tangible Book Value Per Share	1.21	0.99	1.06	1.36	1.45
Machinery	-	15.66	14.29	13.39	12.06
Leasehold Improvements	-	5.85	5.88	3.73	3.61

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q