Formula Systems (1985) Ltd. cash flow statement FORTY

Annual Quarterly

In fiscal 2024, which ended Dec 31, 2024, Formula Systems (1985) Ltd. generated $324.4 million of cash from operations, up 10.0% from the year before. It spent $16.4 million on capital expenditures. That left free cash flow of $308.0 million.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2018
Dec 31, 2018
FY 2017
Dec 31, 2017
FY 2015
Dec 31, 2015
FY 2014
Dec 31, 2014
Operating
Depreciation and amortization
115
-4.7%
121
+5.1%
115
-5.6%
122
+27.9%
96
+9.9%
87
+78.4%
49
+11.7%
44
17
+111.5%
8
+30.3%
Stock-based compensation
16
-13.2%
19
+24.5%
15
—
8
+102.8%
4
-2.7%
4
-1.3%
4
5
+1.8%
5
+25.3%
Operating cash flow
324
+10.0%
295
+23.3%
239
+14.4%
209
-27.4%
288
+47.0%
196
+137.4%
83
+1.8%
81
54
+226.3%
17
-75.7%
Investing
Capital expenditures
16
-1.5%
17
-24.4%
22
+27.1%
17
+4.2%
17
-25.6%
22
+92.5%
12
+21.4%
10
5
+34.4%
4
-41.2%
Investing cash flow
-78
+43.8%
-139
-87.4%
-74
+32.6%
-110
+37.8%
-177
-63.6%
-108
-19.6%
-90
+15.6%
-107
-58
-195.0%
-20
+68.7%
Financing
Debt issued
—
—
—
—
—
—
-21
+2.1%
-21
—
—
Debt repaid
93
+12.6%
83
-5.7%
88
+4.3%
84
+6.2%
79
+5.0%
76
+76.2%
43
-6.9%
46
—
—
Financing cash flow
-185
+23.9%
-243
-242.6%
-71
+37.8%
-114
-1272.6%
10
+61.9%
6
-85.3%
41
+115.5%
19
36
+13.6%
32
+182.2%
Change in cash
Effect of exchange rate
-5
-10.1%
-5
+85.8%
-35
-3289.3%
-1
-108.5%
12
+92.9%
6
+159.6%
-11
-181.8%
13
—
—
Net change in cash
56
+160.4%
-92
-256.7%
59
+462.6%
-16
-112.2%
133
+32.8%
100
+344.3%
23
+282.3%
6
—
—
Free cash flow
308
+10.7%
278
+28.2%
217
+13.2%
192
-29.4%
271
+56.3%
174
+144.8%
71
-0.8%
72
49
+287.6%
13
-79.5%
Per share
Free cash flow per share
19,697.45
—
—
—
—
—
—
—
—
—
Dividend per share
—
—
—
—
—
—
—
—
0.34
-36.4%
0.54
+72.6%
Ratios
Free cash flow margin
11.17%
10.62%
8.44%
7.97%
14.04%
10.21%
4.75%
5.28%
6.52%
1.99%
Capital expenditures to revenue
0.60%
0.64%
0.86%
0.72%
0.86%
1.32%
0.78%
0.71%
0.72%
0.63%
Stock-based compensation to revenue
0.59%
0.71%
0.58%
—
0.41%
0.23%
0.27%
0.30%
0.68%
0.78%
Cash conversion
1.67x
1.78x
1.20x
1.47x
2.53x
2.08x
1.07x
2.06x
1.08x
0.18x
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry
Services-Computer Programming Services (SIC 7371)
Listed as
FORTY (Nasdaq)
Fiscal year ends
December 31
Incorporated in
Israel
Headquarters
Or Yehuda, Israel
SEC filer status
Large accelerated filer
SEC CIK
1045986
Former names
FORMULA SYSTEMS \1985\ LTD (until Aug 30, 2004)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.