Technology - Information Technology Services - NASDAQ - IL
$ 80.05
-0.608 %
$ 1.23 B
Market Cap
18.53
P/E
INCOME STATEMENT
2.62 B
REVENUE
239 M
OPERATING INCOME
166 M
NET INCOME
EFFICIENCY
Earnings Waterfall
Formula Systems (1985) Ltd.
| Revenue | 2.62 B |
| Cost Of Revenue | 1.98 B |
| Gross Profit | 644 M |
| Operating Expenses | 404 M |
| Operating Income | 239 M |
| Other Expenses | 73.6 M |
| Net Income | 166 M |
Income Statement
Millions
| Dec-2023 | Dec-2022 | Dec-2021 | Dec-2020 | Dec-2019 | Dec-2018 | Dec-2017 | Dec-2016 | Dec-2015 | Dec-2014 | Dec-2013 | Dec-2012 | Dec-2011 | Dec-2010 | Dec-2009 | Dec-2008 | Dec-2007 | Dec-2006 | Dec-2005 | Dec-2004 | Dec-2003 | Dec-2002 | Dec-2001 | Dec-2000 | Dec-1999 | Dec-1998 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| REVENUE | ||||||||||||||||||||||||||
| Revenue | 2 620.9 | 2 572.4 | 2 405.5 | 1 933.9 | 1 701.1 | 1 493.0 | 1 355.1 | 1 108.6 | 798.8 | 636.4 | 796.7 | 744.7 | 640.6 | 549.7 | 469.4 | 590.8 | 493.4 | 492.7 | 506.4 | 456.6 | 366.8 | 283.3 | 376.9 | 405.7 | 335.5 | 258.8 |
| GROSS PROFIT | ||||||||||||||||||||||||||
| Cost Of Revenue | 1 977.2 | 1 949.9 | 1 841.7 | 1 486.5 | 1 315.1 | 1 159.7 | 1 058.3 | 849.8 | 630.1 | 530.1 | 603.1 | 564.8 | 492.9 | 412.5 | 352.3 | 452.3 | 369.1 | 340.0 | 333.5 | 285.0 | 230.5 | 186.9 | 253.6 | 244.5 | 179.0 | 155.0 |
| Gross Profit | 643.7 | 622.5 | 563.9 | 447.4 | 386.0 | 333.3 | 296.8 | 258.8 | 168.7 | 106.3 | 193.6 | 179.9 | 147.7 | 137.2 | 117.1 | 138.5 | 124.2 | 152.7 | 172.8 | 171.6 | 136.3 | 96.4 | 123.3 | 161.2 | 156.5 | 103.8 |
| OPERATING INCOME | ||||||||||||||||||||||||||
| Operating Expenses | 404.3 | 390.1 | 355.8 | 276.8 | 247.6 | 223.7 | 223.2 | 170.3 | 114.1 | 71.3 | 132.1 | 122.9 | 98.5 | 90.2 | 81.8 | 105.2 | 97.0 | 130.1 | 155.5 | 153.6 | 124.5 | 101.3 | 150.9 | 146.0 | 124.2 | 78.3 |
| Selling, General and Administrative Expenses | 326.4 | 318.0 | 290.0 | 224.2 | 200.9 | 182.5 | 183.6 | 148.0 | 103.9 | 70.5 | 117.9 | 110.8 | 93.3 | 84.5 | 77.3 | 98.6 | 90.5 | 113.7 | 133.0 | 128.5 | 107.1 | 85.3 | 129.8 | 127.8 | 92.8 | 57.9 |
| Research and Development Expenses | 78.0 | 72.1 | 65.9 | 52.6 | 46.7 | 41.2 | 39.9 | 22.3 | 10.2 | 0.8 | 14.2 | 12.3 | 5.1 | 5.5 | 4.4 | 6.6 | 6.5 | 16.4 | 22.4 | 25.0 | 17.4 | 16.0 | 21.1 | 18.2 | 12.9 | 8.4 |
| Operating Income | 239.4 | 276.6 | 85.8 | 75.1 | 51.6 | 109.6 | 73.7 | 88.5 | 54.5 | 35.0 | 61.5 | 57.0 | 49.2 | 47.0 | 35.4 | 33.4 | 27.2 | 19.5 | 15.9 | 18.1 | 11.9 | (6.7) | (38.4) | 12.8 | 32.3 | 25.5 |
| PRE-TAX INCOME | ||||||||||||||||||||||||||
| Interest Income Expense | 38.4 | 19.9 | 24.0 | 26.9 | 18.7 | 8.3 | 22.9 | 11.6 | 7.9 | 4.9 | 6.2 | 6.7 | 6.6 | 7.6 | 8.6 | 13.5 | 3.8 | 15.3 | 23.1 | 14.0 | 3.7 | 0 | 0 | 0 | 0 | 4.9 |
| Total Other Income | (28.3) | (19.9) | (24.0) | (26.9) | (18.7) | (8.3) | (20.0) | (11.6) | (9.5) | (4.9) | (5.4) | (2.9) | (6.5) | (4.4) | 1.4 | (7.7) | (2.5) | (11.4) | (0.1) | (0.3) | (1.0) | 6.2 | (52.1) | 41.5 | 33.3 | 5.6 |
| Pre-Tax Income | 211.0 | 256.7 | 184.0 | 143.8 | 119.8 | 101.4 | 50.8 | 76.9 | 46.7 | 30.2 | 55.3 | 50.3 | 43.0 | 42.6 | 36.8 | 26.4 | 24.7 | 14.3 | 10.0 | 17.7 | 10.8 | (0.5) | (52.0) | 54.2 | 65.6 | 31.1 |
| NET INCOME | ||||||||||||||||||||||||||
| Tax Provision | 46.1 | 55.2 | 42.6 | 31.3 | 27.2 | 24.3 | 13.4 | 21.2 | 11.9 | 10.1 | 8.9 | 6.6 | 5.7 | 6.5 | 8.3 | 3.5 | 1.9 | 3.5 | 5.2 | 4.6 | 2.5 | 2.0 | 4.1 | 14.2 | 19.4 | 4.5 |
| Net Income | 64.0 | 201.5 | 141.4 | 112.5 | 92.6 | 32.2 | 11.2 | 22.4 | 19.3 | 75.1 | 76.9 | 24.0 | 43.0 | 18.4 | 19.1 | 11.9 | 37.3 | 10.0 | 0.2 | 8.1 | 3.1 | (2.4) | (56.1) | 40.0 | 46.2 | 26.6 |
| EPS | 4.17 | 13.2 | 9.25 | 7.36 | 6.1 | 2.13 | 0.78 | 1.58 | 1.38 | 5.38 | 5.57 | 1.78 | 3.17 | 1.37 | 1.44 | 0.88 | 2.82 | 0.8 | 0.01 | 0.73 | 0.29 | 0.24 | 6.01 | 4.27 | 4.93 | 3.12 |