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 |
$309.42 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 |
$0.00
|
$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 |
$38.37 M
|
$19.93 M
|
$24.01 M
|
$26.89 M
|
$18.65 M
|
$8.26 M
|
$22.86 M
|
$11.59 M
|
$2.37 M
|
$5.77 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 |
$371.23 M |
$396.96 M |
$332.65 M |
$264.97 M |
$228.15 M |
$158.35 M |
$117.80 M |
$88.50 M |
$104.62 M |
$47.79 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
|
-$24.01 M
|
-$26.89 M
|
-$18.65 M
|
-$8.29 M
|
-$20.00 M
|
-$11.59 M
|
-$9.53 M
|
-$4.87 M
|
| 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 |
4.17 |
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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