Magic Software Enterprises Ltd. cash flow statement RMTHF

Annual Quarterly

In fiscal 2024, which ended Dec 31, 2024, Magic Software Enterprises Ltd. generated $74.8 million of cash from operations, up 8.5% from the year before. It spent $1.5 million on capital expenditures. That left free cash flow of $73.3 million.

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

Line	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 2012 Dec 31, 2012	FY 2011 Dec 31, 2011
Operating
Depreciation and amortization	21 +1.0%	21 +3.8%	20 +33.3%	15 +6.5%	14 -0.6%	14 +11.6%	13 -7.7%	14 +17.3%	1	—
Stock-based compensation	—	—	—	1 +1191.9%	—	0 -61.9%	0 +148.7%	0 -48.7%	1 -18.6%	1
Operating cash flow	75 +8.5%	69 +21.9%	57 +49.7%	38 -27.7%	52 +13.8%	46 +91.1%	24 -5.7%	26	23 +50.6%	15
Investing
Capital expenditures	2 -5.1%	2 -63.1%	4 +204.4%	1 -48.1%	3 +101.0%	1 +59.8%	1 -38.4%	1 +75.2%	1 +2.6%	0
Investing cash flow	-23 +18.1%	-28 +19.9%	-34 -104.4%	-17 -75.5%	-10 +37.8%	-15 +21.0%	-20 -167.3%	-7	-10 +65.0%	-30
Financing
Debt issued	13 -74.5%	49 +61.1%	31	—	—	—	—	—	—	—
Debt repaid	34 +60.5%	21	—	—	—	—	—	—	—	—
Short-term debt repaid	—	—	—	—	—	—	—	—	0 -30.0%	0
Dividends paid	—	—	—	22 +74.2%	13 -16.4%	15 +10.5%	14 +44.7%	9 +20.6%	4	0
Financing cash flow	-45 -161.1%	-17 +5.4%	-18 +11.9%	-21 +47.7%	-40 -7.2%	-37 -538.9%	8 +143.4%	-19	-3 -580.9%	-1
Change in cash
Effect of exchange rate	-0 +80.0%	-1 +86.5%	-9	—	—	—	—	—	—	—
Net change in cash	7 -70.1%	23 +555.1%	-5	—	—	—	—	—	—	—
Free cash flow	73 +8.8%	67 +29.0%	52 +43.6%	36 -26.6%	50 +11.1%	45 +92.2%	23 -3.8%	24	22 +52.2%	15
Per share
Free cash flow per share	1.49 +8.8%	1.37 +29.1%	1.06	—	—	—	—	—	—	—
Shareholder returns
Returned to shareholders	—	—	—	22	13	15	14	9	4	0
Share of free cash flow	—	—	—	59.88%	25.25%	33.57%	58.41%	38.82%	16.32%	0.00%
Ratios
Free cash flow margin	13.27%	12.59%	9.22%	—	—	—	8.15%	9.34%	17.75%	13.01%
Capital expenditures to revenue	0.28%	0.30%	0.77%	—	—	—	0.30%	0.54%	0.40%	0.44%
Stock-based compensation to revenue	—	—	—	—	—	—	0.07%	0.03%	0.41%	0.56%
Cash conversion	1.73x	1.62x	1.22x	1.07x	1.74x	1.79x	0.97x	1.42x	1.39x	1.00x

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-Prepackaged Software (SIC 7372)
Listed as: RMTHF (OTC)
Fiscal year ends: December 31
Incorporated in: Israel
Headquarters: Or Yehuda Israel, Israel
SEC filer status: Accelerated filer
SEC CIK: 876779

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