Formula Systems (1985) Key Executives
This section highlights Formula Systems (1985)'s key executives, including their titles and compensation details.
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Formula Systems (1985) Earnings
This section highlights Formula Systems (1985)'s earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
Financial Statements
Access annual & quarterly financial statements for Formula Systems (1985), including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $2.62B | $2.57B | $2.41B | $1.93B | $1.70B |
| Cost of Revenue | $1.98B | $1.95B | $1.84B | $1.49B | $1.32B |
| Gross Profit | $643.71M | $622.47M | $563.86M | $447.43M | $386.05M |
| Gross Profit Ratio | 24.56% | 24.20% | 23.44% | 23.14% | 22.69% |
| Research and Development Expenses | $77.97M | $72.13M | $65.86M | $52.60M | $46.69M |
| General and Administrative Expenses | $309.42M | $225.82M | $211.18M | $- | $- |
| Selling and Marketing Expenses | $16.96M | $19.41M | $15.60M | $- | $- |
| Selling General and Administrative Expenses | $326.38M | $317.96M | $289.99M | $224.19M | $200.87M |
| Other Expenses | $- | $- | $- | $- | $- |
| Operating Expenses | $404.34M | $390.08M | $355.84M | $276.79M | $247.56M |
| Cost and Expenses | $2.38B | $2.34B | $2.20B | $1.76B | $1.56B |
| Interest Income | $13.80M | $5.82M | $2.65M | $2.56M | $3.04M |
| Interest Expense | $38.37M | $19.93M | $24.00M | $26.89M | $18.65M |
| Depreciation and Amortization | $121.83M | $115.31M | $122.18M | $95.51M | $86.93M |
| EBITDA | $371.23M | $396.96M | $332.65M | $264.97M | $228.15M |
| EBITDA Ratio | 14.16% | 15.43% | 13.83% | 13.70% | 13.41% |
| Operating Income | $239.37M | $276.64M | $85.83M | $75.13M | $51.56M |
| Operating Income Ratio | 9.13% | 10.75% | 3.57% | 3.89% | 3.03% |
| Total Other Income Expenses Net | $-28.33M | $-19.93M | $-24.00M | $-26.89M | $-18.65M |
| Income Before Tax | $211.03M | $256.71M | $184.01M | $143.76M | $119.84M |
| Income Before Tax Ratio | 8.05% | 9.98% | 7.65% | 7.43% | 7.04% |
| Income Tax Expense | $46.08M | $55.23M | $42.61M | $31.27M | $27.20M |
| Net Income | $64.01M | $201.47M | $141.40M | $112.49M | $92.64M |
| Net Income Ratio | 2.44% | 7.83% | 5.88% | 5.82% | 5.45% |
| EPS | $4.17 | $13.17 | $9.25 | $7.36 | $6.10 |
| EPS Diluted | $4.12 | $13.00 | $9.18 | $7.36 | $6.04 |
| Weighted Average Shares Outstanding | 15.30M | 15.30M | 15.29M | 15.29M | 15.19M |
| Weighted Average Shares Outstanding Diluted | 15.50M | 15.50M | 15.40M | 15.29M | 15.34M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $699.93M | $667.68M | $698.40M | $640.29M | $654.84M | $655.37M | $670.40M | $633.88M | $636.31M | $644.59M | $657.57M | $658.74M | $586.26M | $587.88M | $572.64M | $543.24M | $487.34M | $437.06M | $466.27M | $448.20M |
| Cost of Revenue | $527.03M | $501.23M | $534.19M | $479.07M | $495.22M | $494.44M | $508.47M | $468.69M | $482.88M | $495.78M | $502.54M | $503.01M | $444.62M | $446.93M | $447.08M | $418.26M | $370.95M | $334.14M | $363.13M | $344.22M |
| Gross Profit | $172.90M | $166.45M | $164.22M | $161.22M | $159.62M | $160.94M | $161.93M | $165.19M | $153.44M | $148.81M | $155.03M | $155.72M | $141.64M | $140.94M | $125.56M | $124.98M | $116.39M | $102.93M | $103.14M | $103.98M |
| Gross Profit Ratio | 24.70% | 24.93% | 23.51% | 25.18% | 24.37% | 24.56% | 24.15% | 26.06% | 24.11% | 23.09% | 23.58% | 23.64% | 24.16% | 23.97% | 21.93% | 23.01% | 23.88% | 23.55% | 22.12% | 23.20% |
| Research and Development Expenses | $20.98M | $20.43M | $20.22M | $19.75M | $19.70M | $19.21M | $19.31M | $18.87M | $18.06M | $17.85M | $17.35M | $16.74M | $16.80M | $16.32M | $16.00M | $14.22M | $13.34M | $12.08M | $12.96M | $12.44M |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $107.83M | $57.69M | $50.13M | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-42.84M | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $88.10M | $80.97M | $81.41M | $81.13M | $81.67M | $81.74M | $81.83M | $86.15M | $77.84M | $75.64M | $78.28M | $79.41M | $74.39M | $74.09M | $62.10M | $64.99M | $57.69M | $50.13M | $51.37M | $54.47M |
| Other Expenses | $-7.21M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $101.87M | $101.41M | $101.63M | $100.88M | $101.37M | $100.95M | $101.14M | $105.02M | $95.91M | $93.48M | $95.63M | $96.15M | $91.19M | $90.41M | $78.10M | $79.21M | $71.03M | $62.22M | $64.34M | $66.91M |
| Cost and Expenses | $628.90M | $602.64M | $635.82M | $579.95M | $596.59M | $595.39M | $609.61M | $573.71M | $578.78M | $589.27M | $598.17M | $599.16M | $535.80M | $537.34M | $525.19M | $497.47M | $441.98M | $396.36M | $427.47M | $411.13M |
| Interest Income | $- | $- | $- | $3.77M | $- | $5.61M | $6.35M | $415.00K | $4.63M | $- | $- | $4.54M | $- | $- | $- | $3.74M | $- | $- | $- | $1.06M |
| Interest Expense | $5.81M | $3.83M | $5.60M | $9.21M | $6.42M | $5.61M | $7.08M | $6.90M | $4.63M | $3.72M | $4.68M | $- | $5.58M | $5.94M | $5.10M | $10.72M | $5.89M | $5.63M | $4.64M | $6.15M |
| Depreciation and Amortization | $- | $- | $-62.59M | $11.60M | $11.60M | $11.60M | $11.60M | $11.60M | $19.79M | $19.79M | $19.79M | $11.80M | $15.27M | $15.27M | $15.27M | $15.27M | $13.35M | $13.35M | $13.35M | $13.35M |
| EBITDA | $71.03M | $65.04M | $62.59M | $61.67M | $58.25M | $59.98M | $60.79M | $71.73M | $57.53M | $99.53M | $59.40M | $59.57M | $50.45M | $50.53M | $47.45M | $62.14M | $45.36M | $40.71M | $38.80M | $37.07M |
| EBITDA Ratio | 10.15% | 9.74% | 8.96% | 9.63% | 8.89% | 9.15% | 9.07% | 11.32% | 9.04% | 15.44% | 9.03% | 9.04% | 8.61% | 8.60% | 8.29% | 11.44% | 9.31% | 9.31% | 8.32% | 8.27% |
| Operating Income | $71.03M | $65.04M | $62.59M | $60.34M | $58.25M | $59.98M | $34.26M | $33.15M | $82.15M | $99.53M | $32.42M | $59.57M | $50.45M | $50.53M | $47.45M | $45.77M | $45.36M | $40.71M | $38.80M | $37.07M |
| Operating Income Ratio | 10.15% | 9.74% | 8.96% | 9.42% | 8.89% | 9.15% | 5.11% | 5.23% | 12.91% | 15.44% | 4.93% | 9.04% | 8.61% | 8.60% | 8.29% | 8.42% | 9.31% | 9.31% | 8.32% | 8.27% |
| Total Other Income Expenses Net | $-5.81M | $-3.83M | $-5.60M | $-9.21M | $-6.42M | $-5.61M | $-7.08M | $-6.90M | $-4.63M | $-3.72M | $-4.68M | $-7.38M | $-5.58M | $-5.94M | $-5.10M | $-10.72M | $-5.89M | $-5.63M | $-4.64M | $-6.15M |
| Income Before Tax | $65.22M | $61.21M | $56.98M | $51.13M | $51.82M | $54.37M | $53.71M | $53.27M | $52.90M | $95.82M | $54.72M | $52.19M | $44.87M | $44.59M | $42.35M | $35.04M | $39.47M | $35.08M | $34.16M | $30.93M |
| Income Before Tax Ratio | 9.32% | 9.17% | 8.16% | 7.99% | 7.91% | 8.30% | 8.01% | 8.40% | 8.31% | 14.87% | 8.32% | 7.92% | 7.65% | 7.59% | 7.40% | 6.45% | 8.10% | 8.03% | 7.33% | 6.90% |
| Income Tax Expense | $13.86M | $13.65M | $13.46M | $10.72M | $12.49M | $11.38M | $11.49M | $10.91M | $11.40M | $21.42M | $11.50M | $12.60M | $9.82M | $10.84M | $9.35M | $6.75M | $8.09M | $8.70M | $7.72M | $6.73M |
| Net Income | $23.62M | $18.84M | $17.16M | $15.71M | $15.60M | $17.02M | $42.22M | $42.37M | $41.49M | $74.40M | $43.21M | $15.54M | $13.29M | $13.34M | $12.42M | $11.89M | $12.63M | $11.23M | $11.02M | $9.98M |
| Net Income Ratio | 3.37% | 2.82% | 2.46% | 2.45% | 2.38% | 2.60% | 6.30% | 6.68% | 6.52% | 11.54% | 6.57% | 2.36% | 2.27% | 2.27% | 2.17% | 2.19% | 2.59% | 2.57% | 2.36% | 2.23% |
| EPS | $1.54 | $1.23 | $1.12 | $1.03 | $1.02 | $1.11 | $2.76 | $2.77 | $2.71 | $4.86 | $2.83 | $1.02 | $0.87 | $0.87 | $0.81 | $0.77 | $0.83 | $0.74 | $0.72 | $0.65 |
| EPS Diluted | $1.51 | $1.21 | $1.10 | $1.01 | $1.00 | $1.11 | $2.73 | $2.74 | $2.67 | $4.80 | $2.82 | $0.99 | $0.85 | $0.86 | $0.80 | $0.76 | $0.82 | $0.73 | $0.71 | $0.64 |
| Weighted Average Shares Outstanding | 15.31M | 15.30M | 15.30M | 15.30M | 15.30M | 15.30M | 15.30M | 15.30M | 15.30M | 15.30M | 15.29M | 15.29M | 15.29M | 15.29M | 15.29M | 15.29M | 15.29M | 15.29M | 15.28M | 15.28M |
| Weighted Average Shares Outstanding Diluted | 15.65M | 15.62M | 15.57M | 15.51M | 15.54M | 15.48M | 15.46M | 15.47M | 15.53M | 15.49M | 15.32M | 15.50M | 15.40M | 15.36M | 15.34M | 15.29M | 15.29M | 15.29M | 15.29M | 15.29M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $451.95M | $544.34M | $485.39M | $501.63M | $369.04M |
| Short Term Investments | $76.22M | $24.71M | $27.07M | $31.53M | $36.49M |
| Cash and Short Term Investments | $528.17M | $569.06M | $512.46M | $533.15M | $405.53M |
| Net Receivables | $765.00M | $725.07M | $696.32M | $519.88M | $486.01M |
| Inventory | $42.01M | $35.18M | $20.12M | $23.99M | $7.16M |
| Other Current Assets | $40.68M | $42.19M | $72.12M | $83.82M | $65.71M |
| Total Current Assets | $1.38B | $1.37B | $1.30B | $1.16B | $965.78M |
| Property Plant Equipment Net | $173.58M | $172.31M | $172.72M | $173.97M | $147.19M |
| Goodwill | $936.58M | $926.16M | $932.85M | $872.42M | $724.19M |
| Intangible Assets | $206.93M | $222.73M | $241.94M | $222.26M | $165.28M |
| Goodwill and Intangible Assets | $1.14B | $1.15B | $1.17B | $1.09B | $892.17M |
| Long Term Investments | $45.23M | $20.64M | $28.90M | $28.48M | $26.35M |
| Tax Assets | $46.86M | $42.22M | $46.36M | $39.89M | $35.45M |
| Other Non-Current Assets | $27.57M | $39.75M | $23.68M | $22.70M | $21.49M |
| Total Non-Current Assets | $1.44B | $1.42B | $1.45B | $1.36B | $1.12B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $2.81B | $2.79B | $2.75B | $2.52B | $2.09B |
| Account Payables | $258.65M | $222.48M | $205.84M | $153.32M | $125.16M |
| Short Term Debt | $262.92M | $271.67M | $265.81M | $193.96M | $192.33M |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $137.64M | $132.73M | $140.66M | $128.90M | $93.51M |
| Other Current Liabilities | $326.45M | $506.83M | $335.30M | $303.72M | $260.38M |
| Total Current Liabilities | $985.66M | $1.00B | $944.69M | $779.80M | $671.29M |
| Long Term Debt | $407.07M | $500.47M | $447.10M | $474.57M | $411.16M |
| Deferred Revenue Non-Current | $4.87M | $8.86M | $17.76M | $16.63M | $6.49M |
| Deferred Tax Liabilities Non-Current | $59.21M | $58.99M | $78.14M | $68.37M | $50.93M |
| Other Non-Current Liabilities | $47.61M | $47.25M | $78.19M | $72.07M | $50.03M |
| Total Non-Current Liabilities | $518.75M | $614.82M | $623.20M | $632.72M | $520.80M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $1.50B | $1.62B | $1.57B | $1.41B | $1.19B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $4.35M | $4.35M | $4.34M | $4.34M | $4.34M |
| Retained Earnings | $475.22M | $419.45M | $358.31M | $324.36M | $285.15M |
| Accumulated Other Comprehensive Income Loss | $-11.03M | $-17.03M | $25.52M | $25.51M | $11.68M |
| Other Total Stockholders Equity | $157.22M | $145.11M | $152.79M | $148.99M | $120.48M |
| Total Stockholders Equity | $625.76M | $551.87M | $540.96M | $502.73M | $421.64M |
| Total Equity | $1.31B | $1.18B | $1.18B | $1.11B | $896.33M |
| Total Liabilities and Stockholders Equity | $2.81B | $2.79B | $2.75B | $2.52B | $2.09B |
| Minority Interest | $682.42M | $625.17M | $638.83M | $604.77M | $474.69M |
| Total Liabilities and Total Equity | $2.81B | $2.79B | $2.75B | $2.52B | $2.09B |
| Total Investments | $121.45M | $45.35M | $55.97M | $60.01M | $62.84M |
| Total Debt | $669.99M | $772.67M | $712.91M | $668.54M | $603.49M |
| Net Debt | $218.04M | $228.33M | $227.52M | $166.91M | $234.45M |
Balance Sheet Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $469.71M | $408.26M | $436.79M | $452.36M | $392.30M | $386.00M | $447.89M | $544.34M | $470.46M | $412.10M | $532.82M | $485.39M | $453.28M | $446.37M | $428.15M | $501.63M | $431.86M | $462.45M | $438.41M | $369.04M |
| Short Term Investments | $41.14M | $64.62M | $79.34M | $76.22M | $76.81M | $91.47M | $68.97M | $24.71M | $37.93M | $39.37M | $37.21M | $27.07M | $41.78M | $21.82M | $31.47M | $31.53M | $3.96M | $10.37M | $10.41M | $36.49M |
| Cash and Short Term Investments | $510.85M | $472.88M | $516.14M | $528.58M | $469.11M | $477.47M | $516.87M | $569.06M | $508.39M | $451.47M | $570.04M | $512.46M | $495.06M | $468.19M | $459.63M | $533.15M | $435.83M | $472.82M | $448.82M | $405.53M |
| Net Receivables | $757.19M | $710.30M | $735.22M | $721.01M | $692.80M | $698.14M | $717.78M | $725.07M | $668.39M | $656.50M | $675.98M | $696.32M | $610.81M | $576.24M | $555.56M | $556.55M | $538.02M | $522.52M | $479.47M | $514.32M |
| Inventory | $27.04M | $30.19M | $34.56M | $42.01M | $37.16M | $39.37M | $38.63M | $35.18M | $36.07M | $36.74M | $33.50M | $20.12M | $21.14M | $19.30M | $19.85M | $23.99M | $17.66M | $12.82M | $7.62M | $7.16M |
| Other Current Assets | $86.41M | $180.55M | $92.56M | $84.67M | $145.81M | $152.76M | $- | $42.19M | $71.24M | $70.65M | $78.60M | $72.12M | $75.52M | $79.60M | $84.01M | $47.16M | $- | $- | $68.85M | $65.71M |
| Total Current Assets | $1.38B | $1.30B | $1.38B | $1.38B | $1.27B | $1.29B | $1.35B | $1.37B | $1.28B | $1.22B | $1.36B | $1.30B | $1.20B | $1.14B | $1.12B | $1.16B | $991.51M | $1.01B | $1.00B | $965.78M |
| Property Plant Equipment Net | $206.04M | $162.57M | $170.06M | $173.58M | $160.33M | $172.09M | $174.35M | $172.31M | $163.31M | $150.52M | $164.57M | $172.72M | $155.78M | $161.88M | $163.67M | $173.97M | $156.76M | $156.94M | $147.74M | $147.19M |
| Goodwill | $- | $- | $- | $936.58M | $- | $- | $- | $926.16M | $- | $- | $- | $932.85M | $- | $- | $- | $872.42M | $- | $- | $- | $724.19M |
| Intangible Assets | $1.14B | $1.12B | $1.13B | $206.93M | $1.11B | $1.15B | $- | $222.73M | $1.13B | $1.14B | $1.20B | $241.94M | $1.16B | $1.18B | $1.06B | $222.26M | $977.51M | $913.07M | $894.18M | $165.28M |
| Goodwill and Intangible Assets | $1.14B | $1.12B | $1.13B | $1.14B | $1.11B | $1.15B | $1.14B | $1.15B | $1.13B | $1.14B | $1.20B | $1.17B | $1.16B | $1.18B | $1.06B | $1.09B | $977.51M | $913.07M | $894.18M | $892.17M |
| Long Term Investments | $89.90M | $71.56M | $79.52M | $20.80M | $70.17M | $69.39M | $61.09M | $20.64M | $68.29M | $56.70M | $29.06M | $28.90M | $28.57M | $28.96M | $28.51M | $28.48M | $27.50M | $27.56M | $27.32M | $26.35M |
| Tax Assets | $32.78M | $46.55M | $51.92M | $48.56M | $44.04M | $43.96M | $42.93M | $42.22M | $40.10M | $40.36M | $46.43M | $46.36M | $42.12M | $42.44M | $39.41M | $39.89M | $41.37M | $41.44M | $37.35M | $35.45M |
| Other Non-Current Assets | $- | $- | $- | $52.53M | $- | $- | $- | $39.75M | $- | $- | $28.15M | $23.68M | $26.73M | $28.67M | $27.04M | $22.70M | $22.20M | $22.52M | $22.13M | $21.49M |
| Total Non-Current Assets | $1.47B | $1.40B | $1.43B | $1.44B | $1.38B | $1.44B | $1.42B | $1.42B | $1.41B | $1.39B | $1.47B | $1.45B | $1.42B | $1.44B | $1.32B | $1.36B | $1.23B | $1.16B | $1.13B | $1.12B |
| Other Assets | $- | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $2.85B | $2.70B | $2.81B | $2.82B | $2.66B | $2.73B | $2.77B | $2.79B | $2.69B | $2.61B | $2.83B | $2.75B | $2.62B | $2.59B | $2.44B | $2.52B | $2.22B | $2.17B | $2.13B | $2.09B |
| Account Payables | $226.69M | $199.12M | $222.55M | $258.65M | $211.50M | $202.93M | $194.20M | $222.48M | $187.31M | $183.92M | $193.21M | $205.84M | $151.51M | $145.89M | $138.73M | $153.32M | $110.50M | $109.84M | $125.07M | $125.16M |
| Short Term Debt | $264.73M | $255.80M | $279.30M | $262.92M | $276.17M | $267.89M | $288.23M | $271.67M | $275.91M | $297.59M | $346.08M | $265.81M | $284.69M | $226.47M | $194.32M | $193.96M | $189.87M | $175.38M | $234.64M | $192.33M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $141.19M | $147.19M | $166.34M | $137.64M | $124.34M | $136.39M | $156.50M | $132.73M | $123.57M | $135.37M | $158.22M | $140.66M | $128.21M | $142.49M | $146.16M | $128.90M | $103.07M | $106.97M | $103.70M | $93.51M |
| Other Current Liabilities | $348.82M | $329.58M | $368.15M | $326.45M | $292.45M | $316.75M | $363.26M | $506.83M | $329.92M | $303.79M | $357.31M | $335.30M | $297.15M | $292.90M | $280.24M | $303.72M | $252.78M | $236.79M | $233.39M | $260.38M |
| Total Current Liabilities | $981.43M | $931.70M | $1.04B | $987.83M | $904.47M | $923.96M | $1.00B | $1.00B | $916.71M | $920.67M | $1.05B | $944.69M | $861.57M | $807.74M | $759.46M | $779.80M | $656.22M | $628.97M | $696.80M | $671.29M |
| Long Term Debt | $411.99M | $337.76M | $351.16M | $407.07M | $418.29M | $463.31M | $459.76M | $500.47M | $495.54M | $369.48M | $417.82M | $447.10M | $453.37M | $468.93M | $421.44M | $474.57M | $470.16M | $501.52M | $428.77M | $411.16M |
| Deferred Revenue Non-Current | $15.18M | $17.08M | $16.34M | $4.87M | $4.43M | $5.88M | $7.42M | $8.86M | $11.44M | $13.20M | $16.68M | $17.76M | $19.14M | $19.64M | $20.43M | $16.63M | $11.58M | $12.26M | $10.84M | $6.49M |
| Deferred Tax Liabilities Non-Current | $38.74M | $53.02M | $59.89M | $61.28M | $57.74M | $60.17M | $62.08M | $58.99M | $68.38M | $70.37M | $77.65M | $78.14M | $73.61M | $69.86M | $64.43M | $68.37M | $60.63M | $57.14M | $51.39M | $50.93M |
| Other Non-Current Liabilities | $41.64M | $36.16M | $38.35M | $47.61M | $45.49M | $45.44M | $49.44M | $47.25M | $53.58M | $72.71M | $83.91M | $78.19M | $76.05M | $92.67M | $72.04M | $72.07M | $79.90M | $55.22M | $55.88M | $50.03M |
| Total Non-Current Liabilities | $507.55M | $444.02M | $465.74M | $519.10M | $525.95M | $574.80M | $578.70M | $614.82M | $628.94M | $525.75M | $596.06M | $623.20M | $622.16M | $651.10M | $578.33M | $632.72M | $622.26M | $626.14M | $546.89M | $520.80M |
| Other Liabilities | $- | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $1.49B | $1.38B | $1.50B | $1.51B | $1.43B | $1.50B | $1.58B | $1.62B | $1.55B | $1.45B | $1.65B | $1.57B | $1.48B | $1.46B | $1.34B | $1.41B | $1.28B | $1.26B | $1.24B | $1.19B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $- | $644.02M | $631.46M | $4.35M | $583.30M | $576.11M | $- | $4.35M | $548.49M | $540.67M | $537.53M | $4.34M | $519.70M | $517.47M | $499.92M | $4.34M | $444.59M | $433.28M | $418.09M | $4.34M |
| Retained Earnings | $- | $- | $- | $475.22M | $- | $- | $- | $419.45M | $- | $- | $- | $358.31M | $- | $- | $- | $324.36M | $- | $- | $- | $285.15M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $-11.03M | $- | $- | $551.88M | $-17.03M | $- | $- | $- | $25.52M | $- | $- | $- | $25.51M | $- | $- | $- | $11.68M |
| Other Total Stockholders Equity | $660.09M | $- | $- | $157.22M | $- | $- | $12.54M | $145.11M | $- | $- | $- | $152.79M | $- | $- | $- | $148.99M | $- | $- | $- | $120.48M |
| Total Stockholders Equity | $660.09M | $644.02M | $631.46M | $625.90M | $583.30M | $576.11M | $564.41M | $551.87M | $548.49M | $540.67M | $537.53M | $540.96M | $519.70M | $517.47M | $499.92M | $502.73M | $444.59M | $433.28M | $418.09M | $421.64M |
| Total Equity | $1.36B | $1.33B | $1.31B | $1.31B | $1.23B | $1.23B | $1.19B | $1.18B | $1.15B | $1.16B | $1.18B | $1.18B | $1.14B | $1.13B | $1.10B | $1.11B | $938.37M | $914.56M | $889.78M | $896.33M |
| Total Liabilities and Stockholders Equity | $2.85B | $2.70B | $2.81B | $2.82B | $2.66B | $2.73B | $2.77B | $2.79B | $2.69B | $2.61B | $2.83B | $2.75B | $2.62B | $2.59B | $2.44B | $2.52B | $2.22B | $2.17B | $2.13B | $2.09B |
| Minority Interest | $701.40M | $682.88M | $674.65M | $682.42M | $643.25M | $651.56M | $625.76M | $625.17M | $596.52M | $620.75M | $639.90M | $638.83M | $617.25M | $609.96M | $603.81M | $604.77M | $493.78M | $481.27M | $471.69M | $474.69M |
| Total Liabilities and Total Equity | $2.85B | $2.70B | $2.81B | $2.82B | $2.66B | $2.73B | $2.77B | $2.79B | $2.69B | $2.61B | $2.83B | $2.75B | $2.62B | $2.59B | $2.44B | $2.52B | $2.22B | $2.17B | $2.13B | $2.09B |
| Total Investments | $131.04M | $136.18M | $158.87M | $97.02M | $146.98M | $160.87M | $130.06M | $45.35M | $106.21M | $96.07M | $66.27M | $55.97M | $70.36M | $50.78M | $59.98M | $60.01M | $28.69M | $29.83M | $37.73M | $62.84M |
| Total Debt | $676.72M | $593.56M | $630.46M | $669.99M | $694.46M | $731.20M | $748.00M | $772.67M | $771.46M | $667.07M | $763.91M | $712.91M | $738.06M | $695.40M | $615.75M | $668.54M | $660.03M | $676.90M | $663.41M | $603.49M |
| Net Debt | $207.01M | $185.30M | $193.66M | $217.63M | $302.16M | $345.20M | $300.10M | $228.33M | $301.00M | $254.97M | $231.08M | $227.52M | $284.78M | $249.03M | $187.60M | $166.91M | $228.17M | $214.45M | $225.00M | $234.45M |
Annual Cash Flow
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $165.73M | $199.67M | $141.90M | $114.02M | $94.42M |
| Depreciation and Amortization | $121.83M | $115.31M | $122.18M | $95.51M | $86.93M |
| Deferred Income Tax | $-8.34M | $-18.14M | $-8.00M | $-6.35M | $-13.16M |
| Stock Based Compensation | $18.62M | $14.95M | $14.77M | $7.78M | $3.87M |
| Change in Working Capital | $640.00K | $-21.32M | $-69.06M | $71.18M | $21.60M |
| Accounts Receivables | $6.56M | $-51.40M | $-150.82M | $23.31M | $16.27M |
| Inventory | $-3.38M | $-13.76M | $4.64M | $-10.97M | $-938.00K |
| Accounts Payables | $18.72M | $25.33M | $40.08M | $10.95M | $-18.01M |
| Other Working Capital | $-21.26M | $18.50M | $37.04M | $47.88M | $24.29M |
| Other Non Cash Items | $-3.51M | $-51.33M | $6.68M | $4.81M | $2.40M |
| Net Cash Provided by Operating Activities | $294.97M | $239.14M | $208.48M | $286.94M | $196.08M |
| Investments in Property Plant and Equipment | $-16.68M | $-39.31M | $-31.06M | $-28.81M | $-36.59M |
| Acquisitions Net | $-48.84M | $-14.52M | $-85.95M | $-157.13M | $-61.77M |
| Purchases of Investments | $-1.74M | $-15.07M | $-500.00K | $-8.46M | $-178.00K |
| Sales Maturities of Investments | $699.00K | $309.00K | $-11.34M | $5.43M | $3.36M |
| Other Investing Activities | $-72.67M | $-5.70M | $18.65M | $11.94M | $-13.03M |
| Net Cash Used for Investing Activities | $-139.24M | $-74.30M | $-110.19M | $-177.03M | $-108.22M |
| Debt Repayment | $-143.21M | $66.71M | $-63.13M | $8.14M | $14.02M |
| Common Stock Issued | $4.83M | $-95.00K | $2.08M | $108.74M | $953.00K |
| Common Stock Repurchased | $- | $95.00K | $-2.08M | $- | $-953.00K |
| Dividends Paid | $-9.93M | $-21.78M | $-22.08M | $-14.94M | $-12.97M |
| Other Financing Activities | $-90.04M | $-115.82M | $-28.92M | $-92.20M | $4.96M |
| Net Cash Used Provided by Financing Activities | $-243.18M | $-70.98M | $-114.13M | $9.73M | $6.01M |
| Effect of Forex Changes on Cash | $-4.95M | $-34.91M | $-416.00K | $13.34M | $6.29M |
| Net Change in Cash | $-92.40M | $58.95M | $-16.26M | $132.98M | $100.17M |
| Cash at End of Period | $451.95M | $544.34M | $485.39M | $501.65M | $368.67M |
| Cash at Beginning of Period | $544.34M | $485.39M | $501.65M | $368.67M | $268.49M |
| Operating Cash Flow | $294.97M | $239.14M | $208.48M | $286.94M | $196.08M |
| Capital Expenditure | $-32.00M | $-39.31M | $-31.06M | $-28.81M | $-36.59M |
| Free Cash Flow | $262.97M | $199.82M | $177.42M | $258.13M | $159.50M |
Cash Flow Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $23.62M | $18.84M | $17.16M | $15.71M | $15.60M | $17.02M | $16.35M | $15.34M | $16.88M | $32.94M | $16.23M | $15.54M | $13.29M | $13.34M | $12.42M | $11.89M | $12.63M | $11.23M | $11.02M | $9.98M |
| Depreciation and Amortization | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $122.18M | $- | $- | $- | $95.51M | $- | $- | $- | $86.93M |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-8.00M | $- | $- | $- | $-6.35M | $- | $- | $- | $-13.16M |
| Stock Based Compensation | $- | $- | $- | $18.62M | $- | $- | $- | $14.95M | $- | $- | $- | $14.77M | $- | $- | $- | $7.86M | $- | $- | $- | $3.87M |
| Change in Working Capital | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-138.92M | $- | $- | $- | $47.20M | $- | $- | $- | $21.26M |
| Accounts Receivables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-150.82M | $- | $- | $- | $23.31M | $- | $- | $- | $16.27M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $4.64M | $- | $- | $- | $-10.97M | $- | $- | $- | $-938.00K |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $7.25M | $- | $- | $- | $34.86M | $- | $- | $- | $5.94M |
| Other Working Capital | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $138.92M | $- | $- | $- | $-47.20M | $- | $- | $- | $-21.26M |
| Other Non Cash Items | $-23.62M | $-18.84M | $-17.16M | $-34.34M | $-15.60M | $-17.02M | $-16.35M | $-30.29M | $-16.88M | $-32.94M | $-16.23M | $-30.30M | $-13.29M | $-13.34M | $-12.42M | $-19.75M | $-12.63M | $-11.23M | $-11.02M | $-13.86M |
| Net Cash Provided by Operating Activities | $- | $- | $- | $- | $- | $- | $- | $14.95M | $- | $- | $- | $208.48M | $- | $- | $- | $286.94M | $- | $- | $- | $196.08M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $35.00K |
| Other Investing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $35.00K |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-255.00K | $- | $- | $- | $-48.00K | $- | $- | $- | $-93.00K |
| Other Financing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used Provided by Financing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-255.00K | $- | $- | $- | $-48.00K | $- | $- | $- | $-93.00K |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $- | $- | $- | $- | $6.30M | $-61.90M | $-96.45M | $73.88M | $58.36M | $- | $- | $208.22M | $- | $- | $- | $286.89M | $- | $- | $- | $196.02M |
| Cash at End of Period | $- | $- | $- | $- | $392.30M | $386.00M | $447.89M | $544.34M | $470.46M | $- | $- | $208.22M | $- | $- | $- | $286.89M | $- | $- | $- | $196.02M |
| Cash at Beginning of Period | $- | $- | $- | $- | $386.00M | $447.89M | $544.34M | $470.46M | $412.10M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Cash Flow | $- | $- | $- | $- | $- | $- | $- | $14.95M | $- | $- | $- | $208.48M | $- | $- | $- | $286.94M | $- | $- | $- | $196.08M |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $- | $- | $- | $- | $- | $- | $- | $14.95M | $- | $- | $- | $208.48M | $- | $- | $- | $286.94M | $- | $- | $- | $196.08M |
Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, and computer infrastructure and integration solutions worldwide. The company offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; and database and big data services. It also provides customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, application integration, database and system, data management, and software development tools; and professional training courses and advanced professional studies. In addition, it markets and sells computers and peripheral equipment to business customers; offers property and casualty insurance platforms, such as Sapiens, Sapiens CoreSuite, Sapiens IDITSuite, Sapiens PolicyPro, Sapiens BillingPro, Sapiens ClaimsPro, e-Tica, and Tia Enterprise; life, pension, and annuities platforms, including Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster; reinsurance software solutions comprising Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO; and Sapiens platform for workers' compensation solutions. Further, the company provides financial and compliance solutions that include Sapiens FinancialPro, Sapiens Financial GO, and Sapiens StatementPro; Sapiens DECISION, a decision management platform; and technology-based solutions. Additionally, it offers application development and business process integration platforms; vertical software solutions; strategic consulting and outsourcing services; and professional services in various areas, as well as develops on-premise payroll software. Formula Systems (1985) Ltd. was incorporated in 1985 and is headquartered in Or Yehuda, Israel.
$89.56
Stock Price
$1.37B
Market Cap
3.63K
Employees
Or Yehuda, None
Location
Revenue (FY 2023)
$2.62B
1.9% YoY
Net Income (FY 2023)
$64.01M
-68.2% YoY
EPS (FY 2023)
$4.12
-68.3% YoY
Free Cash Flow (FY 2023)
$262.97M
31.6% YoY
Profitability
Gross Margin
24.6%
Net Margin
2.4%
ROE
10.2%
ROA
2.3%
Valuation
P/E Ratio
16.62
P/S Ratio
0.41
EV/EBITDA
3.54
Market Cap
$1.37B
Revenue & Net Income
Profit Margins
Cash Flow Summary
Operating Cash Flow
$294.97M
23.3% YoY
Free Cash Flow
$262.97M
31.6% YoY
Balance Sheet Summary
Total Assets
$2.81B
0.6% YoY
Total Debt
$669.99M
13.3% YoY
Shareholder Equity
$625.76M
11.1% YoY
Dividend Overview
$0.69
Latest Dividend
%
Dividend Yield
%
Payout Ratio
Recent Dividend History
| Date | Amount | Type |
|---|---|---|
| 2025-04-30 | $0.69 | April 30, 25 |
| 2024-09-12 | $0.62 | September 12, 24 |
| 2024-04-03 | $0.64 | April 03, 24 |
| 2023-06-02 | $0.62 | June 02, 23 |
| 2022-12-02 | $0.63 | December 02, 22 |
| 2022-04-11 | $0.79 | April 11, 22 |
| 2021-08-31 | $0.78 | August 31, 21 |
| 2021-02-17 | $0.66 | February 17, 21 |
| 2020-09-02 | $0.52 | September 02, 20 |
| 2019-12-23 | $0.46 | December 23, 19 |
Formula Systems (1985) Dividends
Explore Formula Systems (1985)'s dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
0.93%
Dividend Payout Ratio
15.51%
Dividend Paid & Capex Coverage Ratio
7.04x
Formula Systems (1985) Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.68554 | $0.68554 | April 30, 2025 | April 30, 2025 | May 27, 2025 | March 20, 2025 |
| $0.624 | $0.624 | September 12, 2024 | September 12, 2024 | October 07, 2024 | August 20, 2024 |
| $0.63836 | $0.63836 | April 03, 2024 | April 04, 2024 | April 29, 2024 | March 19, 2024 |
| $0.621 | $0.621 | June 02, 2023 | June 05, 2023 | July 03, 2023 | May 23, 2023 |
| $0.63 | $0.63 | December 02, 2022 | December 05, 2022 | December 30, 2022 | November 17, 2022 |
| $0.7908 | $0.7908 | April 11, 2022 | April 12, 2022 | May 06, 2022 | March 16, 2022 |
| $0.781 | $0.781 | August 31, 2021 | September 01, 2021 | October 04, 2021 | August 19, 2021 |
| $0.664 | $0.664 | February 17, 2021 | February 18, 2021 | March 15, 2021 | February 16, 2021 |
| $0.521 | $0.521 | September 02, 2020 | September 03, 2020 | October 02, 2020 | August 18, 2020 |
| $0.459 | $0.459 | December 23, 2019 | December 24, 2019 | January 21, 2020 | November 19, 2019 |
| $0.52 | $0.52 | September 11, 2019 | September 12, 2019 | October 02, 2019 | August 19, 2019 |
| $0.34 | $0.34 | December 28, 2018 | December 31, 2018 | January 24, 2019 | December 13, 2018 |
| $0.34 | $0.34 | June 07, 2018 | June 08, 2018 | June 27, 2018 | May 23, 2018 |
| $0.34 | $0.34 | October 16, 2017 | October 17, 2017 | November 09, 2017 | September 21, 2017 |
| $0.48 | $0.48 | December 28, 2016 | December 30, 2016 | January 19, 2017 | December 20, 2016 |
| $0.34 | $0.34 | July 11, 2016 | July 13, 2016 | August 04, 2016 | June 30, 2016 |
| $0.34 | $0.34 | January 15, 2016 | January 20, 2016 | February 11, 2016 | January 08, 2016 |
| $0.34 | $0.34 | July 16, 2015 | July 20, 2015 | August 13, 2015 | July 02, 2015 |
| $0.535 | $0.535 | January 14, 2015 | February 13, 2015 | ||
| $0.48 | $0.48 | July 10, 2014 | July 14, 2014 | August 07, 2014 | July 02, 2014 |
Formula Systems (1985) News
Read the latest news about Formula Systems (1985), including recent articles, headlines, and updates.
Formula Systems Reports Fourth Quarter and Full Year 2024 Financial Results
2024 Full-year revenues increased by 5.2% year over year, reaching a record-breaking $2.76 billion, while net income grew by 24.5% to a record-breaking $79.7 million 2024 Full-year revenues increased by 5.2% year over year, reaching a record-breaking $2.76 billion, while net income grew by 24.5% to a record-breaking $79.7 million
Formula Systems Reports Financial Results for the Third Quarter and First Nine Months Period Ended September 30, 2024
Revenues for the Third Quarter Increased by 6.9% Year Over Year to a Record Breaking $700 million. Net Income Attributable to Formula Systems Shareholders for the Third Quarter Increased by 51.4% Year Over Year to $23.6 million. Revenues for the Third Quarter Increased by 6.9% Year Over Year to a Record Breaking $700 million. Net Income Attributable to Formula Systems Shareholders for the Third Quarter Increased by 51.4% Year Over Year to $23.6 million.
Grupo Aeroportuario del Pacifico Announces Issuance of Bond Certificates in Mexico for Ps. 5,648.1 Million
GUADALAJARA, Mexico, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC; BMV: GAP) (“the Company” or “GAP”) informs that today successfully completed the issuance of 56,481,343 (FIFTY-SIX MILLION FOUR HUNDRED EIGHTY ONE THOUSAND THREE HUNDRED FORTY-THREE) long-term bond certificates in Mexico (Certificados Bursátiles) at a nominal value of Ps. 100 each (ONE HUNDRED PESOS 00/100), for a total value of Ps. 5,648,134,300 (FIVE BILLION SIX HUNDRED FORTY-EIGHT MILLION ONE HUNDRED THIRTY-FOUR THOUSAND THREE HUNDRED PESOS 00/100 M.N.) with a five-year maturity. The order book reached an over-subscription of 1.2x over the original issuance amount.
Formula Systems Reports Second Quarter and First Half 2024 Financial Results
Operating Income for the Second Quarter Increased by 8.4% Year Over Year to a Second Quarter Record Breaking $65 million. Net Income Attributable to Formula Systems Shareholders for the Second Quarter Increased by 10.7% Year Over Year to a Second Quarter Record-Braking $18.8 million. Operating Income for the Second Quarter Increased by 8.4% Year Over Year to a Second Quarter Record Breaking $65 million. Net Income Attributable to Formula Systems Shareholders for the Second Quarter Increased by 10.7% Year Over Year to a Second Quarter Record-Braking $18.8 million.
Publication of Draft Agreement with Trustee for Potential New Israeli Debenture Series
OR YEHUDA, Israel, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (“Formula”) published with the Tel Aviv Stock Exchange (the “TASE”) and the Israel Securities Authority (the “ISA”) a draft agreement with a trustee for a new series of secured, non-convertible debentures—Series D Debentures— that may potentially be issued by Formula in Israel. The Series D Debentures would be secured by a first lien on certain shares of certain publicly-traded subsidiaries held by Formula—specifically, Matrix IT Ltd., Sapiens International Corporation N.V., and Magic Software Enterprises Ltd.— with the number of pledged shares to be determined based on a loan-to-value ratio that will not exceed 60% of the value of the pledged shares.
Formula Systems Reports First Quarter 2024 Financial Results
Revenues for the First Quarter Increased by 4.2% Year Over Year to $698.4 Million. Net Income for the First Quarter Increased by 9.4% Year Over year to $17.2 Million. Revenues for the First Quarter Increased by 4.2% Year Over Year to $698.4 Million. Net Income for the First Quarter Increased by 9.4% Year Over year to $17.2 Million.
Formula Systems Announces Filing of 2023 Annual Report
Or Yehuda, Israel, May 15, 2024 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (NASDAQ and TASE: FORTY) (“Formula” or the “Company”), a global information technology group engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products, announced today that it has filed its annual report containing audited consolidated financial statements for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission. The annual report is available on the Company's website (www.formulasystems.com). Shareholders may receive a hard copy of the annual report free of charge upon request.
Formula Systems Reports Fourth Quarter and Full Year 2023 Financial Results
Revenues for the full year increased by 1.9% (or 8.4% on a constant currency basis) Year over year to a record-breaking result of $2.6 billion with Net Income for the year reaching $64 million Revenues for the full year increased by 1.9% (or 8.4% on a constant currency basis) Year over year to a record-breaking result of $2.6 billion with Net Income for the year reaching $64 million
Formula Systems Reports Second Quarter and First Half 2023 Financial Results
Revenues for the Second Quarter Increased by 3% (or 9.1% on a constant currency basis) Year Over Year to a second-quarter record-breaking $655.4 Million with Net Income for the Second Quarter reaching $17.0 million Revenues for the Second Quarter Increased by 3% (or 9.1% on a constant currency basis) Year Over Year to a second-quarter record-breaking $655.4 Million with Net Income for the Second Quarter reaching $17.0 million
Formula Systems Clocks 35% Revenue Growth In Q2
Formula Systems (1985) Ltd (NASDAQ: FORTY) reported second-quarter FY21 revenue growth of 34.5% year-on-year to $587.9 million. Segments: As of June 30, 2021, Formula held 48.9%, 43.9%, 45.5%, 100%, 50%, 90.1%, 80%, and 100% of the outstanding ordinary shares of Matrix IT Ltd.
Formula Systems Reports Second Quarter 2021 Financial Results: Record-Breaking Results with Double Digit Growth Across All Key Financial Indices
OR YEHUDA, Israel, Aug. 19, 2021 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (NASDAQ: FORTY), a global information technology holding company engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products, today announced its results for the second quarter and six months-period ended June 30, 2021.
Formula Systems Reports First Quarter 2021 Financial Results: Record-Breaking Results With Double Digit Growth Across All Key Financial Indices
OR YEHUDA, Israel, May 20, 2021 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (NASDAQ: FORTY), a global information technology holding company engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products, today announced its results for the first quarter ended March 31, 2021.
Formula Systems Reports Fourth Quarter and full year 2020 Financial Results with Annual Net Income of $46.8 million, a 20% growth year over year
The results for the fourth quarter and for the full year 2020 reflect double digit growth in revenues, gross profit, operating income and net income. The results for the fourth quarter and for the full year 2020 reflect double digit growth in revenues, gross profit, operating income and net income.
Sapiens Reports Q4 and Full Year 2020 Financial Results
HOLON, Israel, Feb. 25, 2021 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, and a member of the Formula Group (NASDAQ: FORTY) (TASE: FORT), today announced its financial results...
Formula Systems Reports Third Quarter 2020 Financial Results
Operating income for the third quarter increased by 23% year-over-year to a record breaking $45.4 million. Net income attributable to Formula's Shareholders for the third quarter increased by 29% year-over-year to a record breaking $12.6 million.
Sapiens Reports Third Quarter 2020 Financial Results
HOLON, Israel, Nov. 5, 2020 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, and a member of the Formula Group (NASDAQ: FORTY) (TASE: FORT), today announced its financial results for...
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