Complete Filing Data
FORMULA SYSTEMS (1985) LTD reported Selling General And Administrative Expense of $335.15 million for FY2024.
All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean FORMULA SYSTEMS (1985) LTD did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.
Income Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income * | $193.8M | $165.7M | $199.7M | $141.9M | $114.0M | $94.4M | $77.4M | $39.4M | $56.1M | $73.7M | $80.8M | $80.7M | $23.4M | $43.0M | $18.4M | $19.1M |
| Selling General And Administrative Expense | $335.2M | $326.4M | $318.0M | $290.0M | $224.2M | $200.9M | $182.5M | $184.2M | $148.0M | $140.9M | $70.5M | $117.9M | $110.8M | $93.3M | $84.5M | $77.3M |
| Research And Development Expense | $84.4M | $78.0M | $72.1M | $65.9M | $52.6M | $46.7M | $41.2M | $39.9M | $22.3M | $15.1M | $787.0K | $14.2M | $12.3M | $5.1M | $5.5M | $4.4M |
| Gross Profit | $684.7M | $643.7M | $622.5M | $563.9M | $447.4M | $386.0M | $333.3M | $296.8M | $258.8M | $231.9M | $106.3M | $192.8M | $178.2M | $147.7M | $137.2M | $117.1M |
| Revenue From Rendering Of Information Technology Maintenance And Support Services | $2.03B | $1.93B | $1.91B | $1.77B | $1.42B | $1.26B | $1.09B | $1.01B | $835.4M | $730.4M | ||||||
| Revenue From Rendering Of Information Technology Consulting Services | $724.9M | $693.4M | $659.5M | $633.0M | $509.1M | $438.3M | $401.9M | $341.4M | $273.2M | $242.8M | ||||||
| Revenue | $750.6M | $636.4M | $795.9M | $743.0M | $640.6M | $549.7M | $469.4M | |||||||||
| Profit Loss Attributable To Owners Of Parent | $79.7M | $64.0M | $81.4M | $54.6M | $46.8M | $38.8M | $32.4M | $10.4M | $22.4M | $19.8M | ||||||
| Profit Loss Attributable To Noncontrolling Interests | $114.1M | $101.7M | $118.3M | $87.3M | $114.0M | $94.4M | $45.0M | $29.1M | $33.7M | $29.7M | ||||||
| Other Comprehensive Income Net Of Tax Gains Losses On Remeasurements Of Defined Benefit Plans | $869.0K | $2.0M | $2.7M | $3.0M | $840.0K | -$26.0K | $387.0K | -$898.0K | -$2.7M | -$416.0K | ||||||
| Other Comprehensive Income | -$8.3M | $7.1M | -$78.2M | $2.9M | $34.8M | $22.4M | -$30.0M | $41.6M | -$982.0K | -$4.3M | ||||||
| Income Tax Expense Continuing Operations | $56.7M | $46.1M | $55.2M | $42.6M | $31.3M | $27.2M | $24.3M | $13.4M | $21.2M | $16.0M | ||||||
| Cost Of Sales | $2.07B | $1.98B | $1.95B | $1.84B | $1.49B | $1.32B | $1.16B | $1.06B | $849.8M | $741.3M | ||||||
| Comprehensive Income Attributable To Owners Of Parent | $77.7M | $71.4M | $40.2M | $56.0M | $61.0M | $47.4M | $17.6M | $30.4M | $21.9M | $17.7M | ||||||
| Comprehensive Income Attributable To Noncontrolling Interests | $107.7M | $101.5M | $81.3M | $88.8M | $87.8M | $69.5M | $29.8M | $50.7M | $33.2M | $27.5M | ||||||
| Comprehensive Income | $185.4M | $172.8M | $121.5M | $144.8M | $148.8M | $116.8M | $47.4M | $81.1M | $55.1M | $46.0M | ||||||
| Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method | -$3.3M | -$575.0K | -$3.1M | $128.0K | -$169.0K | $62.0K | $58.0K | $104.0K | ||||||||
| Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method | $248.4M | $211.0M | $256.7M | $184.0M | $143.8M | $119.8M | $369.0K | $1.1M | $349.0K | |||||||
| Sales Revenue Net | $750.6M | $636.4M | $795.9M | $743.0M | $640.6M | $549.7M | $469.4M | |||||||||
| Cost Of Goods And Services Sold | $601.7M | $530.1M | $603.1M | $564.8M | $492.9M | $412.5M | $352.3M | |||||||||
| Income Loss From Continuing Operations Per Diluted Share | $3.11 | $1.36 | $1.04 | |||||||||||||
| Income Loss From Continuing Operations Per Basic Share | $3.17 | $1.37 | $1.08 |
Balance Sheet
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stockholders Equity * | $451.6M | $389.7M | $319.3M | $245.1M | $218.7M | $197.6M | $295.3M | $277.4M | |||||||||
| Goodwill | $975.1M | $936.6M | $926.2M | $932.9M | $872.4M | $724.2M | $640.9M | $617.3M | $640.2M | $162.2M | $373.2M | $227.4M | $326.9M | $8.7M | $166.5M | ||
| Equity | $451.6M | $656.7M | $319.3M | $245.1M | $348.9M | $197.6M | $295.3M | $277.4M | |||||||||
| Cash And Cash Equivalents | $507.8M | $451.9M | $544.3M | $485.4M | $501.7M | $368.7M | $268.5M | $245.9M | $240.1M | $249.1M | $179.9M | ||||||
| Repayment Of Long Term Liabilities To Office Of The Chief Scientist | $2.8M | $394.0K | $642.0K | $825.0K | $457.0K | $617.0K | $220.0K | $502.0K | $510.0K | $555.0K | |||||||
| Purchase Of Property Plant And Equipment Classified As Investing Activities | $16.4M | $16.7M | $22.1M | $17.4M | $16.7M | $22.4M | $11.6M | $9.6M | $9.1M | $6.8M | |||||||
| Liabilities To Banks And Others | -$1.0M | -$7.1M | -$5.1M | -$6.4M | -$10.6M | -$5.6M | $38.0K | -$281.0K | -$3.4M | -$47.0K | |||||||
| Goodwill And Intangible Assets | -$94.4M | -$44.7M | -$87.9M | -$108.0M | -$197.3M | -$98.2M | $63.8M | -$148.1M | -$92.9M | -$25.7M | |||||||
| Dividends Paid To Equity Holders Of Parent Classified As Financing Activities | $18.8M | $9.9M | $21.8M | $22.1M | $14.9M | $13.0M | $5.0M | $12.1M | $10.0M | $12.9M | |||||||
| Cash Flows From Used In Operating Activities | $324.5M | $295.0M | $239.1M | $209.1M | $288.1M | $196.1M | $82.6M | $81.1M | $75.0M | $87.1M | |||||||
| Cash Flows From Used In Investing Activities | -$78.2M | -$139.2M | -$74.3M | -$110.2M | -$177.0M | -$108.2M | -$90.5M | -$107.1M | -$80.0M | -$31.5M | |||||||
| Cash Flows From Used In Financing Activities | -$185.0M | -$243.2M | -$71.0M | -$114.1M | $9.7M | $6.0M | $41.0M | $19.0M | -$5.9M | $20.6M | |||||||
| Cash Flows From Used In Decrease Increase In Shortterm Deposits And Investments | $24.3M | -$51.5M | $2.0M | $4.6M | -$22.8M | $8.2M | -$17.3M | -$888.0K | $2.7M | $3.9M | |||||||
| Assets And Liabilities Of Subsidiaries Consolidated As Of Acquisition Date | -$50.2M | -$37.0M | -$52.3M | -$77.2M | -$141.4M | -$57.3M | -$49.1M | -$119.1M | -$44.8M | -$17.0M | |||||||
| Adjustments For Increase Decrease In Trade And Other Payables | $44.7M | -$25.1M | $22.3M | $7.3M | $34.9M | $5.9M | $12.8M | $7.2M | $8.7M | $10.8M | |||||||
| Adjustments For Increase Decrease In Trade Account Payable | $40.0M | $18.7M | $25.3M | $40.1M | $11.0M | -$18.0M | $20.0M | $6.1M | $5.4M | $10.0M | |||||||
| Adjustments For Increase Decrease In Liability In Respect Of Business Combinations | -$1.7M | -$2.1M | -$3.0M | $5.3M | -$643.0K | $523.0K | $666.0K | $1.5M | $2.0M | $654.0K | |||||||
| Adjustments For Increase Decrease In Employee Benefit Liabilities | $699.0K | $2.7M | $1.0M | -$220.0K | $1.2M | $114.0K | $565.0K | $752.0K | -$1.7M | -$522.0K | |||||||
| Adjustments For Decrease Increase In Trade And Other Receivables | -$1.5M | -$5.8M | $2.6M | $20.5M | $8.7M | $12.7M | -$5.8M | $755.0K | -$513.0K | -$4.2M | |||||||
| Adjustments For Decrease Increase In Trade Account Receivable | -$81.2M | $6.6M | -$51.4M | -$150.8M | $23.3M | $16.3M | -$66.1M | -$38.2M | -$30.1M | -$17.7M | |||||||
| Assets | $3.01B | $2.81B | $2.79B | $2.75B | $2.52B | $2.09B | $1.66B | $1.56B | $1.35B | $1.07B | $1.13B | $871.8M | $881.6M | $669.2M | $623.8M | ||
| Other Long Term Assets | -$3.1M | -$2.4M | -$123.0K | -$187.0K | -$8.8M | -$50.0K | $103.0K | -$125.0K | -$134.0K | ||||||||
| Adjustments For Equity In Losses Gains Of Companies Accounted For At Equity | -$773.0K | $1.8M | -$505.0K | -$1.5M | -$1.8M | -$369.0K | $1.1M | $349.0K | -$142.0K | ||||||||
| Liability To Formerly Shareholders | -$7.8M | -$1.2M | -$7.3M | -$1.5M | -$7.6M | -$1.1M | $2.1M | -$2.6M | -$12.0M | -$4.1M | |||||||
| Purchase Of Intangible Assets Classified As Investing Activities | $908.0K | $763.0K | $3.1M | $872.0K | $2.9M | $4.4M | $180.0K | $391.0K | $211.0K | ||||||||
| Deferred Paymentsand Contingent Consideration | $20.3M | $1.9M | $23.5M | $7.7M | $4.5M | $20.0M | $3.6M | $2.6M | $12.0M | ||||||||
| Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | $52.3M | $77.2M | $141.4M | $52.5M | $49.1M | $119.1M | $44.8M | $17.0M | |||||||||
| Adjustments For Gain Loss From Sale And Increase In Value Of Marketable Securities Classified As Trading | $589.0K | $66.0K | -$37.0K | -$21.0K | $118.0K | $35.0K | -$53.0K | -$149.0K | $136.0K | $114.0K | |||||||
| Long Term Liabilities | -$422.0K | -$282.0K | -$1.2M | -$1.3M | -$13.7M | -$2.2M | $421.0K | -$1.6M | |||||||||
| Deferred Payment Relatedto Business Combinations | -$8.4M | -$11.9M | -$5.2M | -$8.6M | -$9.1M | $19.9M | $200.0K | $962.0K | |||||||||
| Gains Losses On Remeasuring Availableforsale Financial Assets Net Of Tax | $10.0M | -$5.3M | -$2.0K | $95.0K | -$37.0K | $144.0K | $30.0K | $102.0K |
Cash Flow Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payments For Capitalization Of Software Development And Other Costs | $11.6M | $14.6M | $14.1M | $12.8M | $9.3M | $9.8M | $8.8M | $9.3M | $9.8M | $9.9M | ||||||
| Increase Decrease In Cash And Cash Equivalents | $55.9M | -$92.4M | $59.0M | -$16.3M | $133.0M | $100.2M | $22.5M | $5.9M | -$11.0M | $69.2M | ||||||
| Effect Of Exchange Rate Changes On Cash And Cash Equivalents | -$5.5M | -$5.0M | -$34.9M | -$1.0M | $12.1M | $6.3M | -$10.6M | $12.9M | -$81.0K | -$7.0M | ||||||
| Proceeds From Issue Of Bonds Notes And Debentures | $67.1M | $199.1M | $50.3M | $60.3M | $81.7M | $45.4M | $78.2M | $58.6M | ||||||||
| Proceeds From Exercise Of Options | -$1.6M | $4.8M | $2.1M | $5.3M | $953.0K | $1.2M | $3.2M | $931.0K | $2.0M | |||||||
| Payments Of Lease Liabilities Classified As Financing Activities | $50.1M | $55.1M | $49.7M | $44.1M | $33.6M | $34.5M | $480.0K | $443.0K | $399.0K | |||||||
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | $783.0K | $1.0M | $633.0K | $2.3M | $693.0K | $1.7M | $440.0K | $2.3M | ||||||||
| Net Cash Provided By Used In Operating Activities | $54.4M | $16.7M | $68.6M | $73.1M | $25.8M | $50.9M | $55.6M | |||||||||
| Net Cash Provided By Used In Investing Activities | -$58.5M | -$19.8M | -$63.3M | -$11.9M | -$67.8M | -$3.4M | -$12.8M | |||||||||
| Net Cash Provided By Used In Financing Activities | $35.8M | $31.6M | -$38.4M | -$38.4M | $20.3M | -$40.3M | -$53.0M | |||||||||
| Share Based Compensation | $5.1M | $5.0M | $4.0M | $4.9M | $4.6M | $1.5M | $1.6M |
Per-Share & Share Counts
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Diluted Earnings Loss Per Share | $5.09 | $4.12 | $5.21 | $3.50 | $3.01 | $2.44 | $2.14 | $0.68 | $1.49 | $1.33 | ||||||
| Basic Earnings Loss Per Share | $5.22 | $4.19 | $5.31 | $3.57 | $3.05 | $2.56 | $2.20 | $0.72 | $1.58 | $1.41 | ||||||
| Earnings Per Share Diluted | $5.00 | $5.59 | $5.68 | $1.67 | $3.11 | $1.36 | $1.40 | |||||||||
| Earnings Per Share Basic | $5.24 | $5.80 | $5.88 | $1.73 | $3.17 | $1.37 | $1.44 |
Other Metrics
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend To Formulas Shareholders | -$19.3M | -$9.6M | -$21.6M | -$22.1M | -$8.0M | -$15.0M | -$10.0M | -$5.0M | -$17.1M | -$5.0M | $11.6M | $5.4M | -$76.0K | $9.7M | $20.0M | $30.0M |
| Gains Losses On Exchange Differences On Translation Net Of Tax | -$6.7M | $26.2M | $67.5M | -$10.6M | $16.7M | -$18.8M | -$30.4M | $42.4M | $1.7M | -$3.7M | ||||||
| Finance Income | $15.9M | $13.8M | $7.3M | $6.0M | $2.6M | $3.8M | $7.6M | $8.8M | $6.0M | $5.4M | ||||||
| Finance Costs | $38.1M | $42.1M | $27.2M | $30.0M | $29.4M | $22.4M | $15.9M | $29.9M | $17.6M | $15.0M | ||||||
| Working Capital | $3.1M | $10.4M | $5.5M | -$1.6M | $604.0K | -$1.7M | $2.9M | -$9.6M | $2.9M | $1.4M | ||||||
| Repayments Of Borrowings Classified As Financing Activities | $93.3M | $82.9M | $87.9M | $84.2M | $79.3M | $75.5M | $42.9M | $46.1M | $37.4M | $26.9M | ||||||
| Receipt Of Long Term Loans | -$63.3M | -$55.6M | -$65.7M | -$62.7M | -$91.0M | -$73.8M | -$83.5M | -$52.7M | -$49.6M | -$32.2M | ||||||
| Property And Equipment | -$1.4M | -$242.0K | -$1.4M | -$1.5M | -$13.2M | -$2.9M | -$547.0K | -$1.3M | -$3.5M | -$360.0K | ||||||
| Dividends Paid To Noncontrolling Interests Classified As Financing Activities | $66.3M | $62.5M | $96.5M | $63.0M | $40.5M | $37.7M | $34.1M | $31.2M | $24.1M | $19.1M | ||||||
| Dividends Paid To Noncontrolling Interests | $81.9M | $62.5M | $96.6M | $62.7M | $39.1M | $38.2M | $31.3M | $27.6M | -$22.2M | -$18.0M | ||||||
| Adjustments For Sharebased Payments | $16.2M | $18.6M | $15.0M | $14.8M | $7.8M | $3.9M | $4.0M | $4.6M | $4.4M | $4.9M | ||||||
| Adjustments For Increase Decrease In Value Of Debentures | $437.0K | $1.5M | $517.0K | -$624.0K | -$42.0K | -$2.1M | -$3.0M | $5.3M | $1.4M | $195.0K | ||||||
| Adjustments For Depreciation And Amortisation Expense | $115.5M | $121.8M | $115.3M | $122.2M | $95.5M | $86.9M | $48.7M | $43.6M | $32.4M | $30.9M | ||||||
| Adjustments For Decrease Increase In Inventories | $11.7M | -$3.4M | -$13.8M | $4.6M | -$11.0M | -$938.0K | -$1.0M | $1.0M | $923.0K | -$2.4M | ||||||
| Acquisition Of Noncontrolling Interests | -$5.3M | -$17.6M | -$1.7M | -$19.7M | -$3.8M | -$1.9M | $6.0K | -$2.5M | -$5.8M | |||||||
| Taxes Paid Net | $63.1M | $76.7M | $51.3M | $38.4M | $44.7M | $39.1M | $23.3M | $19.7M | $19.2M | $23.0M | ||||||
| Repayments Of Bonds Notes And Debentures | $69.3M | $60.4M | $53.1M | $47.0M | $29.8M | $30.8M | $9.4M | $3.7M | ||||||||
| Interests Paid | $25.9M | $26.1M | $17.6M | $15.3M | $16.6M | $15.7M | $9.1M | $6.4M | $6.8M | $6.2M | ||||||
| Interest Received | $15.6M | $7.3M | $2.3M | $459.0K | $511.0K | $1.4M | $680.0K | $145.0K | -$2.3M | -$1.7M | ||||||
| Noncontrolling Interests Arising From Initially Consolidated Companies | $12.6M | $11.8M | $4.2M | $4.0M | $13.9M | $459.0K | $827.0K | $28.0K | $26.2M | |||||||
| Redeemable Non Controlling Interests At Acquisition Date | $12.6M | $11.8M | $4.2M | $4.0M | $23.3M | $5.9M | $827.0K | $29.0M | $4.5M | |||||||
| Reserve Of Exchange Differences On Translation | -$84.5M | -$18.5M | -$13.0M | -$18.9M | $4.8M | $19.8M | -$513.0K | -$1.3M | ||||||||
| Adjustments For Increase Decrease In Value Of Shortterm And Long Term Loans From Banks And Others And Deposits Net | -$4.7M | $2.0M | $5.5M | $5.6M | -$2.3M | $6.7M | $500.0K | -$120.0K |
Most recent annual filing with the SEC: May 15, 2025
Data sourced from SEC EDGAR public filings as of August 7, 2026.