• Entity registrant name: FORMULA SYSTEMS (1985) LTD (CIK: 0001045986)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1045986/000121390018006332/0001213900-18-006332-index.htm
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    Component: (Network and Table)
    Network
    004 - Statement - Consolidated Statements of Profit or Loss
    (http://formulasystems.com/role/ConsolidatedStatementsOfProfitOrLoss)
    Table (Implied)
    Slicers (applies to each fact value in each table cell)
    Reporting Entity [Axis] 0001045986 (http://www.sec.gov/CIK)
    Consolidated Statements of Profit or Loss Period [Axis]
    2017-01-01 - 2017-12-31
    2016-01-01 - 2016-12-31
    2015-01-01 - 2015-12-31
    Consolidated Statements of Profit or Loss
     
     
     
    Revenues:
     
     
     
    Proprietary software products and related services
    341,350,000  
    273,235,000  
    242,818,000  
    Software services
    1,013,789,000  
    835,386,000  
    730,376,000  
    Total revenues
    1,355,139,000  
     
    1,108,621,000  
     
    973,194,000  
     
    Cost of revenues:
     
     
     
    Proprietary software products and related services
    201,302,000  
    149,244,000  
    131,131,000  
    Software services
    857,014,000  
    700,596,000  
    610,139,000  
    Total cost of revenues
    1,058,316,000  
     
    849,840,000  
     
    741,270,000  
     
    Gross profit
    296,823,000  
     
    258,781,000  
     
    231,924,000  
     
    Research and development expenses, net
    39,853,000  
    22,328,000  
    15,123,000  
    Selling, marketing, general and administrative expenses
    184,424,000  
    147,953,000  
    140,935,000  
    Other income
    308,000  
    xsi:nil  
    xsi:nil  
    Operating income
    72,854,000  
     
    88,500,000  
     
    75,866,000  
     
    Financial expenses
    (29,916,000) 
    (17,594,000) 
    (14,955,000) 
    Financial income
    8,749,000  
    6,008,000  
    5,422,000  
    Group's share of profits of companies accounted for at equity, net
    1,124,000  
    349,000  
    5,000  
    Income before taxes on income
    52,811,000  
     
    77,263,000  
     
    66,338,000  
     
    Taxes on income
    13,371,000  
    21,163,000  
    15,984,000  
    Net income
    39,440,000  
     
    56,100,000  
     
    50,354,000  
     
    Attributable to:
     
     
     
    Equity holders of the Company
    10,352,000  
    22,445,000  
    19,829,000  
    Redeemable non-controlling interests
    3,671,000  
    2,125,000  
    864,000  
    Non-controlling interests
    25,417,000  
    31,530,000  
    29,661,000  
    Net income
    39,440,000  
     
    56,100,000  
     
    50,354,000  
     
    Net earnings per share attributable to Formula Systems (1985) Shareholders
     
     
     
    Basic earnings per share
    .72  
    1.58  
    1.41  
    Diluted earnings per share
    .68  
    1.49  
    1.33