| Jun'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Jun'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
CURRENT ASSETS: | |||||||||
Cash and cash equivalents | |||||||||
78,220 | 76,076 | 75,314 | 62,188 | 72,515 | 35,134 | - | - | - | - |
Short-term bank deposits | |||||||||
1,099 | 732 | 2 | 2,677 | 0 | - | - | - | 2,170 | 24 |
Marketable securities (Note 4) | |||||||||
11,919 | 14,138 | 12,506 | - | - | - | - | - | - | - |
Cash and cash equivalents | |||||||||
- | - | - | - | - | - | 38,469 | 37,744 | 28,711 | 43,661 |
Available-for-sale marketable securities (Note 4) | |||||||||
- | - | - | 11,819 | 11,915 | 854 | 866 | 890 | 1,241 | 2,857 |
Trade receivables (net of allowance for doubtful accounts of $ 3,710 and $ 3,852 at June 30, 2018 and December 31, 2017, respectively) | |||||||||
81,165 | 82,051 | 62,047 | 52,374 | 40,358 | 31,976 | 30,048 | 28,367 | 24,946 | 17,801 |
Other accounts receivable and prepaid expenses | |||||||||
10,874 | 8,643 | 8,487 | 6,244 | 3,419 | 5,209 | 5,606 | 6,696 | 6,401 | 4,029 |
Total current assets | |||||||||
183,277 | 181,640 | 158,356 | 135,302 | 128,207 | 73,173 | 74,989 | 73,697 | 63,469 | 68,372 |
LONG-TERM RECEIVABLES: | |||||||||
Severance pay fund | |||||||||
3,101 | 3,226 | 2,568 | 1,454 | 1,426 | 403 | 407 | 351 | 351 | - |
Deferred tax assets | |||||||||
3,017 | 2,990 | 3,548 | 2,823 | 2,137 | 1,674 | - | 1,565 | - | - |
Other long-term receivables | |||||||||
4,607 | 2,015 | 1,680 | 1,088 | 2,376 | 2,118 | - | - | - | - |
Severance pay fund | |||||||||
- | - | - | - | - | - | - | - | - | 325 |
Other long-term receivables | |||||||||
- | - | - | - | - | - | 3,673 | 722 | 3,824 | 2,141 |
Total long-term receivables | |||||||||
10,725 | 8,231 | 7,796 | 5,365 | 5,939 | 4,195 | 4,080 | 2,638 | 4,175 | 2,466 |
PROPERTY AND EQUIPMENT, NET | |||||||||
3,191 | 3,468 | 3,065 | 2,296 | 2,005 | 1,773 | 1,927 | 1,898 | 2,029 | 1,827 |
INTANGIBLE ASSETS, NET | |||||||||
45,901 | 51,011 | 56,180 | 33,575 | 32,543 | 32,549 | 29,368 | 30,058 | 27,401 | 14,661 |
GOODWILL | |||||||||
95,897 | 98,189 | 91,002 | 63,308 | 55,490 | 55,313 | 50,792 | 44,663 | 38,897 | 24,624 |
Total assets | |||||||||
338,991 | 342,539 | 316,399 | 239,846 | 224,184 | 167,003 | 161,156 | 152,954 | 135,971 | 111,950 |
LIABILITIES AND EQUITY | |||||||||
CURRENT LIABILITIES: | |||||||||
Short-term debt | |||||||||
9,316 | 9,771 | 5,645 | 13 | 2,853 | 1,055 | - | 12 | - | - |
Short-term credit and current maturities of long-term loans (Note 10) | |||||||||
- | - | - | - | - | - | - | - | - | 9 |
Trade payables | |||||||||
13,026 | 12,185 | 8,393 | 6,331 | 3,861 | 4,149 | 4,286 | 4,722 | 3,545 | 2,994 |
Accrued expenses and other accounts payable | |||||||||
26,244 | 27,789 | 20,290 | 16,710 | 15,013 | 16,937 | - | - | - | - |
Liabilities due to acquisition activities | |||||||||
1,080 | 3,906 | 6,478 | 1,211 | - | - | - | - | - | - |
Accrued expenses and other accounts payable (Note 10) | |||||||||
- | - | - | - | - | - | 18,100 | 17,176 | 15,752 | - |
Accrued expenses and other accounts payable (Note 11) | |||||||||
- | - | - | - | - | - | - | - | - | 12,810 |
Deferred tax liability (Note 12) | |||||||||
- | - | - | - | - | 2,567 | 2,774 | 3,422 | 2,509 | 2,218 |
Deferred revenues and customer advances | |||||||||
9,082 | 5,586 | 3,882 | 4,092 | 3,431 | 3,294 | 9,040 | 4,160 | 5,359 | 1,526 |
Total current liabilities | |||||||||
58,748 | 59,237 | 44,688 | 28,357 | 25,158 | 28,002 | 34,200 | 29,492 | 27,165 | 19,557 |
ACCRUED SEVERANCE PAY | |||||||||
- | - | - | - | 2,562 | 1,275 | 1,251 | 1,245 | 1,087 | 536 |
LONG TERM LIABILITIES: | |||||||||
Long-term debt | |||||||||
25,491 | 27,814 | 29,756 | 3,257 | 490 | 2,274 | - | 12 | - | - |
Long-term liabilities due to acquisition activities | |||||||||
108 | 581 | 3,379 | 1,039 | 474 | 1,396 | - | 1,192 | - | - |
Deferred tax liabilities | |||||||||
10,937 | 11,331 | 12,494 | 5,726 | 4,846 | 2,204 | - | 738 | - | - |
Accrued severance pay | |||||||||
3,856 | 4,174 | 3,443 | 2,616 | - | - | - | - | - | - |
Tax liability | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Loans (Note 12) | |||||||||
- | - | - | - | - | - | - | - | - | 2 |
Total long-term liabilities | |||||||||
40,392 | 43,900 | 49,072 | 12,638 | 5,810 | 5,874 | 1,877 | 1,942 | 744 | 2 |
LIABILITIES DUE TO ACQUISITION ACTIVITIES | |||||||||
- | - | - | - | - | - | 1,331 | - | - | - |
LIABILITIES DUE TO ACQUISITION ACTIVITIES (Note 3) | |||||||||
- | - | - | - | - | - | - | - | 1,350 | 2,990 |
COMMITMENTS AND CONTINGENCIES | |||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
REDEEMABLE NON-CONTROLLING INTEREST (Note 2) | |||||||||
25,615 | 25,839 | 25,998 | 5,745 | 2,930 | 2,721 | 2,140 | 1,914 | 0 | - |
EQUITY: | |||||||||
Ordinary shares of NIS 0.1 par value - Authorized: 50,000,000 shares at June 30, 2018 and December 31, 2017; Issued and Outstanding: 44,489,203 and 44,488,578 shares at June 30, 2018 and December 31, 2017, respectively | |||||||||
1,040 | 1,040 | 1,036 | 1,035 | 1,029 | 826 | 815 | 811 | 808 | 794 |
Additional paid-in capital | |||||||||
183,455 | 183,445 | 182,785 | 180,989 | 182,114 | 127,060 | 125,743 | 125,288 | 124,616 | 122,917 |
Accumulated other comprehensive income (loss) | |||||||||
-4,212 | 83 | -7,428 | -6,695 | -5,347 | -172 | -1,848 | -586 | -19 | 447 |
Retained earnings | |||||||||
29,993 | 25,713 | 19,825 | 15,679 | 7,269 | 430 | -5,123 | -7,727 | -20,249 | -35,293 |
Total equity attributable to Magic Software Enterprises' shareholders | |||||||||
210,276 | 210,281 | 196,218 | 191,008 | 185,065 | 128,144 | 119,587 | 117,786 | 105,156 | 88,865 |
Non-controlling interests | |||||||||
3,960 | 3,282 | 423 | 2,098 | 2,659 | 987 | 770 | 575 | 469 | 0 |
Total equity | |||||||||
214,236 | 213,563 | 196,641 | 193,106 | 187,724 | 129,131 | 120,357 | 118,361 | 105,625 | 88,865 |
Total liabilities, redeemable non-controlling interest and equity | |||||||||
338,991 | 342,539 | 316,399 | 239,846 | 224,184 | 167,003 | 161,156 | 152,954 | 135,971 | 111,950 |