Company Information

  

Address: 5 HAPLADA ST.  
City: OR YEHUDA 
State:  
Zip Code: 6021805 
Telephone: 011-972-3-538-9487 

Description of Business

Primary SIC Code: 7371
(As filed with the SEC)  

Both our legal name and our commercial name is Formula Systems (1985) Ltd. We were incorporated in Israel on April 2, 1985. We maintain our principal executive offices at 5 Haplada Street, Or Yehuda 60218, Israel and our telephone number is 011-972-3-5389487. Our agent in the United States is Corporation Service Company and its address is 2711 Centerville Road, Suite 400, Wilmington, DE 19808. In 1991, we completed the initial public offering of our ordinary shares on the TASE. In October 1997, we completed the listing of our ADSs on the NASDAQ Global Market. As of January 3, 2011 our ADSs have been listed on the NASDAQ Global Select Market. Since our inception, we have acquired effective controlling interests, and have invested, in companies which are engaged in the IT solutions and services business. We, together with our investees, are known as the Formula Group.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
12/20135.700.2124.40
12/20121.72NA9.01
09/20121.63NA9.71
06/20123.62NA4.53
12/20113.17NA4.66
09/20111.66NA7.21
06/20111.380.54812.36
12/20101.36NA13.61

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2015 Leverage 2015
Net Inc/Comm Equity0.55Total Liab/Total Assets0.48
Net Inc/Total Assets0.07Total Liab/Inv Cap0.65
Net Inc/Inv Cap0.09Total Liab/Comm Equity3.83
Pretax Inc/Net Sales0.05Interest Coverage Ratio5.65
Net Inc/Net Sales0.10Curr Debt/Equity0.13
Cash Flow/Net Sales0.07LTD/Equity0.36
SG&A/NetSales0.13Total Debt/Equity0.49
Asset Utilization   Liquidity  
Net Receivables Turnover3.44Quick Ratio1.67
Inventory Turnover175.21Current Ratio1.69
Inventory Day Sales0.36Net Rec/Curr Assets0.59
Net Sales/Work Cap5.15Inv/Curr Assets0.01
Net Sales/PP&E52.86  

Income Statement (Millions)

  12/31/2015 12/31/2014 12/31/2013 12/31/2012
Total Revenues(Net Sales) 750.56 636.42 795.88 742.98
Cost of Goods Sold 601.75 530.08 603.08 564.80
Selling & Admin Exps 94.72 70.51 117.89 110.58
Operating Income 46.59 35.04 60.74 55.25
Interest Exp 8.25 4.87 6.24 6.67
Pretax Income 38.34 30.17 54.51 48.57
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 73.71 80.83 80.69 23.37

Balance Sheet (Millions)

Assets 12/31/2015 12/31/2014 12/31/2013 12/31/2012
Cash & Short Term Investments 143.61 123.20 100.08 126.10
Receivables - Total 209.25 226.58 230.07 240.75
Inventories - Total 4.61 2.26 2.41 2.15
Total Current Assets 357.48 358.50 333.23 369.00
Net Property, Plant & Equipment 14.20 20.13 19.41 21.46
Total Assets 1,066.95 1,125.12 871.80 881.64
Liabilities        
Accounts Payable 126.21 147.07 134.43 144.86
Debt in Current Liabilities 59.07 43.19 35.64 39.34
Total Current Liabilities 211.81 226.59 210.97 224.01
Long-Term Debt 161.13 108.20 62.45 64.66
Total Liabilities 514.65 458.15 372.11 390.86
Stockholder's Equity        
Minority Interest 90.71 266.96 156.81 223.60
Preferred Stock NA NA NA NA
Common Stock 4.18 4.18 4.18 3.88
Retained Earnings 318.69 250.00 184.11 115.78
Treasury Stock -0.26 -0.26 -0.26 -0.26
Total Stockholders' Equity 451.56 389.71 319.34 245.07
Total Liabilities and Stockholders' Equity 966.21 847.86 691.45 635.92

Cash Flow Summary (Millions)

Categories 12/31/2015 12/31/2014 12/31/2013 12/31/2012
Net Cash Provided by Operating Activities 54.40 16.67 68.55 73.07
Net Cash Provided by Investing Activities -58.45 -19.82 -63.33 -11.91
Net Cash Provided by Financing Activities 35.84 31.55 -38.41 -38.45

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2011640.6242.963.17
12/2012742.9823.371.72
12/2013795.8880.695.70
12/2014636.4280.83--
12/2015750.5673.70--
Growth Rates4.0414.45--

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17520.02




Report Date : 12/11/2017

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