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
12/20171.35NA30.04
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

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.39Total Liab/Total Assets0.51
Net Inc/Total Assets0.03Total Liab/Inv Cap0.75
Net Inc/Inv Cap0.04Total Liab/Comm Equity7.78
Pretax Inc/Net Sales0.04Interest Coverage RatioNA
Net Inc/Net Sales0.03Curr Debt/Equity0.21
Cash Flow/Net Sales0.06LTD/Equity0.75
SG&A/NetSales0.14Total Debt/Equity0.96
Asset Utilization   Liquidity  
Net Receivables Turnover3.45Quick Ratio1.60
Inventory Turnover291.87Current Ratio1.60
Inventory Day Sales0.88Net Rec/Curr Assets0.62
Net Sales/Work Cap5.18Inv/Curr Assets0.00
Net Sales/PP&E45.46  

Income Statement (Millions)

  12/31/2017 12/31/2016 12/31/2015 1/1/2015
Total Revenues(Net Sales) 1,355.14 1,108.62 973.19 636.42
Cost of Goods Sold 1,058.32 849.84 741.27 530.08
Selling & Admin Exps 184.12 147.95 140.94 70.51
Operating Income 72.85 88.50 75.87 35.04
Interest Exp NA NA NA 4.87
Pretax Income 52.81 77.26 66.34 30.17
Other Income -21.17 -11.59 -9.53 NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 39.44 56.10 50.35 80.83

Balance Sheet (Millions)

Assets 12/31/2017 12/31/2016 12/31/2015 1/1/2015
Cash & Short Term Investments 260.07 275.68 280.75 207.63
Receivables - Total 430.69 354.02 300.74 270.12
Inventories - Total 3.30 3.95 4.81 2.44
Total Current Assets 694.80 633.66 588.98 486.64
Net Property, Plant & Equipment 29.81 26.13 22.00 22.11
Total Assets 1,563.64 1,354.52 1,215.39 1,105.90
Liabilities        
Accounts Payable 260.19 219.17 184.27 165.84
Debt in Current Liabilities 75.65 88.03 59.30 46.04
Total Current Liabilities 432.95 359.04 290.79 256.34
Long-Term Debt 269.36 170.97 160.76 108.68
Total Liabilities 790.72 630.68 510.11 413.60
Stockholder's Equity        
Minority Interest 413.72 387.46 375.38 367.52
Preferred Stock NA NA NA NA
Common Stock 4.19 4.18 4.18 4.18
Retained Earnings 239.53 234.27 230.26 215.66
Treasury Stock -0.26 -0.26 -0.26 -0.26
Total Stockholders' Equity 359.20 336.39 329.90 324.78
Total Liabilities and Stockholders' Equity 1,149.92 967.07 840.01 738.37

Cash Flow Summary (Millions)

Categories 12/31/2017 12/31/2016 12/31/2015 1/1/2015
Net Cash Provided by Operating Activities 80.98 74.96 87.12 16.67
Net Cash Provided by Investing Activities -102.54 -78.81 -31.49 -19.82
Net Cash Provided by Financing Activities 16.42 -7.05 20.57 31.55

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2013795.8880.695.70
12/2014636.4280.83--
12/2015973.1950.35--
12/20161,108.6256.10--
12/20171,355.1439.441.35
Growth Rates14.23-16.39--

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/184170.12




Report Date : 7/16/2018

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