Formula systems (1985) ltd (FORTY)
Income statement / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues:
Proprietary software products and related services

341,350

273,235

242,818

-

-

-

-

-

-

Software services

1,013,789

835,386

730,376

-

-

-

-

-

-

Total revenues

1,355,139

1,108,621

973,194

-

-

-

-

-

-

Cost of revenues:
Proprietary software products and related services

201,302

149,244

131,131

-

-

-

-

-

-

Software services

857,014

700,596

610,139

-

-

-

-

-

-

Total cost of revenues

1,058,316

849,840

741,270

-

-

-

-

-

-

Proprietary software products and related services

-

-

-

11,131

179,400

164,173

-

-

-

Proprietary software products and related services

-

-

-

-

-

-

91,288

98,498

88,815

Software services

-

-

-

625,286

616,481

578,808

549,329

451,196

380,575

Total revenues

-

-

-

636,417

795,881

742,981

640,617

549,694

469,390

Proprietary software products and related services

-

-

-

4,055

96,180

83,784

-

-

-

Proprietary software products and related services

-

-

-

-

-

-

38,805

46,297

43,057

Software services

-

-

-

526,028

506,900

481,019

454,081

366,166

309,226

Total cost of revenues

-

-

-

530,083

603,080

564,803

492,886

412,463

352,283

Gross profit

296,823

258,781

231,924

106,334

192,801

178,178

147,731

137,231

117,107

Research and development expenses, net

39,853

22,328

15,123

787

14,168

12,349

5,148

5,503

4,430

Selling, marketing, general and administrative expenses

184,424

147,953

140,935

70,517

117,877

110,758

93,340

84,510

77,322

Other income

308

0

0

-

-

-

-

-

-

Operating income

72,854

88,500

75,866

-

-

-

-

-

-

Financial expenses

29,916

17,594

14,955

-

-

-

-

-

-

Financial income

8,749

6,008

5,422

-

-

-

-

-

-

Group's share of profits of companies accounted for at equity, net

1,124

349

5

-

-

-

-

-

-

Income before taxes on income

52,811

77,263

66,338

-

-

-

-

-

-

Taxes on income

13,371

21,163

15,984

-

-

-

-

-

-

Other expenses (income), net (Note 18e)

-

-

-

5

-14

174

207

-231

1,668

Operating income

-

-

-

35,035

60,742

55,245

49,450

46,987

37,023

Financial expenses, net (Note 18d)

-

-

-

4,866

6,236

6,672

-

-

231

Financial expenses, net (Note 17d)

-

-

-

-

-

-

-6,500

-4,371

-

Income before taxes on income

-

-

-

30,169

54,506

48,573

42,950

42,616

36,792

Taxes on income (Note 17g)

-

-

-

10,074

8,728

6,145

5,689

6,544

-8,305

Income loss from continuing operations including portion attributable to non controlling interest excluding equity losses

-

-

-

20,095

45,778

42,428

37,261

36,072

28,487

Equity in gains of affiliated companies, net (Note 6)

-

-

-

74,590

60,683

3,744

25,870

-1,070

-335

Income from continuing operation

-

-

-

-

-

-

-

-

28,152

Net income from discontinued operations (Note 18b)

-

-

-

-

-

-

-

-

4,878

Net income

39,440

56,100

50,354

94,685

106,461

46,172

63,131

35,002

33,030

Attributable to:
Equity holders of the Company

10,352

22,445

19,829

-

-

-

-

-

-

Redeemable non-controlling interests

3,671

2,125

864

-

-

-

-

-

-

Non-controlling interests

25,417

31,530

29,661

-

-

-

-

-

-

Net income

39,440

56,100

50,354

-

-

-

-

-

-

Net earnings per share attributable to Formula Systems (1985) Shareholders
Basic earnings per share

0.72

1.58

1.41

-

-

-

-

-

-

Diluted earnings per share

0.68

1.49

1.33

-

-

-

-

-

-

Net income attributable to redeemable non-controlling interests

-

-

-

154

1,735

-

-

0

-

Change in redeemable non-controlling interests

-

-

-

-

-

967

0

-

-

Net income attributable to non-controlling interests

-

-

-

13,698

24,039

23,766

20,169

16,623

13,954

Net income attributable to Formula Systems (1985) Shareholders

-

-

-

80,833

80,687

23,373

42,962

18,379

19,076

Income from continuing operations

-

-

-

-

-

-

-

-

14,198

Income from discontinued operations

-

-

-

-

-

-

-

-

4,878

Income (Loss) from Operations before Extraordinary Items

-

-

-

-

-

-

-

-

19,076

Basic (in dollars per share)

-

-

-

-

-

-

-

-

1.08

Diluted (in dollars per share)

-

-

-

-

-

-

-

-

1.04

Basic (in dollars per share)

-

-

-

-

-

-

-

-

0.37

Diluted (in dollars per share)

-

-

-

-

-

-

-

-

0.36

Basic earnings per share

-

-

-

5.80

5.88

1.73

3.17

1.37

1.44

Diluted earnings per share

-

-

-

5.59

5.68

1.67

3.11

1.36

1.40

Basic (in shares)

-

-

-

-

-

13,596

13,513

13,381

13

Diluted (in shares)

-

-

-

-

-

13,789

13,669

13,523

13