FORTY
Income statement / Annual
Last year (2023), Formula Systems (1985) Ltd.'s total revenue was $2.62 B,
an increase of 1.89% from the previous year.
In 2023, Formula Systems (1985) Ltd.'s net income was $64.01 M.
See Formula Systems (1985) Ltd.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$2.62 B
|
$2.57 B
|
$2.41 B
|
$1.93 B
|
$1.70 B
|
$1.49 B
|
$1.36 B
|
$1.11 B
|
$798.80 M
|
$636.42 M
|
| Cost of Revenue |
$1.98 B |
$1.95 B |
$1.84 B |
$1.49 B |
$1.32 B |
$1.16 B |
$1.06 B |
$849.84 M |
$630.15 M |
$530.08 M |
| Gross Profit |
$643.71 M |
$622.47 M |
$563.86 M |
$447.43 M |
$386.05 M |
$333.31 M |
$296.82 M |
$258.78 M |
$168.65 M |
$106.33 M |
| Gross Profit Ratio |
0.25 |
0.24 |
0.23 |
0.23 |
0.23 |
0.22 |
0.22 |
0.23 |
0.21 |
0.17 |
| Research and Development
Expenses |
$77.97 M
|
$72.13 M
|
$65.86 M
|
$52.60 M
|
$46.69 M
|
$41.22 M
|
$39.85 M
|
$22.33 M
|
$10.24 M
|
$787,000.00
|
| General & Administrative
Expenses |
$234.62 M
|
$225.82 M
|
$211.18 M
|
$0.00
|
$0.00
|
$182.47 M
|
$184.42 M
|
$94.72 M
|
$39.86 M
|
$110.76 M
|
| Selling & Marketing
Expenses |
$16.96 M
|
$19.41 M
|
$15.60 M
|
$0.00
|
$0.00
|
$0.00
|
-$817,000.00
|
$53.23 M
|
$23.06 M
|
-$40.24 M
|
| Selling, General &
Administrative Expenses |
$326.38 M
|
$317.96 M
|
$289.99 M
|
$224.19 M
|
$200.87 M
|
$182.47 M
|
$183.61 M
|
$147.95 M
|
$103.90 M
|
$70.52 M
|
| Other Expenses |
$74.79 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
-$308,000.00 |
$14.84 M |
-$2.75 M |
-$11.57 M |
| Operating Expenses |
$404.34 M |
$390.09 M |
$355.84 M |
$276.79 M |
$247.56 M |
$223.70 M |
$223.15 M |
$170.28 M |
$114.14 M |
$71.30 M |
| Cost And Expenses |
$2.38 B |
$2.34 B |
$2.20 B |
$1.76 B |
$1.56 B |
$1.38 B |
$1.28 B |
$1.02 B |
$744.28 M |
$601.38 M |
| Interest Income |
$13.80 M |
$5.82 M |
$2.65 M |
$2.56 M |
$3.04 M |
$6.73 M |
$8.61 M |
$5.14 M |
$0.00 |
$0.00 |
| Interest Expense |
$29.66 M |
$19.93 M |
$24.01 M |
$26.89 M |
$18.65 M |
$8.26 M |
$22.86 M |
$11.59 M |
$7.85 M |
$4.87 M |
| Depreciation &
Amortization |
$121.83 M
|
$115.31 M
|
$122.18 M
|
$95.51 M
|
$86.93 M
|
$48.73 M
|
$43.65 M
|
$32.37 M
|
$17.56 M
|
$8.96 M
|
| EBITDA |
$366.30 M
|
$232.38 M
|
$208.02 M
|
$170.64 M
|
$138.49 M
|
$109.62 M
|
$73.67 M
|
$88.50 M
|
$54.51 M
|
$35.04 M
|
| EBITDA Ratio |
0.14 |
0.09 |
0.09 |
0.09 |
0.08 |
0.07 |
0.05 |
0.08 |
0.07 |
0.06 |
| Operating Income Ratio
|
0.09
|
0.11
|
0.04
|
0.04
|
0.03
|
0.07
|
0.05
|
0.08
|
0.07
|
0.06
|
| Total Other
Income/Expenses Net |
-$28.33 M
|
-$19.93 M
|
$98.18 M
|
$68.62 M
|
$68.28 M
|
-$8.29 M
|
$1.12 M
|
$349,000.00
|
$912,000.00
|
$908,000.00
|
| Income Before Tax |
$211.03 M |
$256.71 M |
$184.01 M |
$143.76 M |
$119.84 M |
$101.36 M |
$50.81 M |
$76.91 M |
$46.66 M |
$30.17 M |
| Income Before Tax Ratio
|
0.08
|
0.1
|
0.08
|
0.07
|
0.07
|
0.07
|
0.04
|
0.07
|
0.06
|
0.05
|
| Income Tax Expense |
$46.08 M |
$55.24 M |
$42.61 M |
$31.27 M |
$27.20 M |
$24.34 M |
$13.37 M |
$21.16 M |
$11.87 M |
$10.07 M |
| Net Income |
$64.01 M |
$201.48 M |
$141.40 M |
$112.49 M |
$92.64 M |
$32.21 M |
$11.18 M |
$22.45 M |
$19.32 M |
$75.06 M |
| Net Income Ratio |
0.02 |
0.08 |
0.06 |
0.06 |
0.05 |
0.02 |
0.01 |
0.02 |
0.02 |
0.12 |
| EPS |
4.18 |
13.17 |
9.25 |
7.36 |
6.1 |
2.13 |
0.78 |
1.58 |
1.38 |
5.38 |
| EPS Diluted |
4.12 |
13 |
9.18 |
7.36 |
6.04 |
2.07 |
0.74 |
1.49 |
1.31 |
5.19 |
| Weighted Average Shares
Out |
$15.30 M
|
$15.30 M
|
$15.29 M
|
$15.29 M
|
$15.19 M
|
$15.10 M
|
$14.36 M
|
$14.21 M
|
$14.07 M
|
$13.93 M
|
| Weighted Average Shares
Out Diluted |
$15.50 M
|
$15.50 M
|
$15.40 M
|
$15.29 M
|
$15.34 M
|
$15.57 M
|
$14.72 M
|
$15.53 M
|
$14.74 M
|
$14.41 M
|
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