Magic software enterprises ltd (MGIC)
CashFlow / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

17,914

16,708

17,076

16,566

16,856

16,460

15,266

9,375

-

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

13,611

11,608

9,885

8,660

8,380

7,444

-

-

-

Interest expenses related to liabilities in connection with acquisitions

-

-

-

-

-

48

-

-

-

Accrued severance pay, net

-

-

-

-

-

8

-

-

-

Net income attributed to Magic Software Enterprises shareholders

-

-

-

-

-

-

-

-

6,176

Depreciation and amortization

-

-

-

-

-

-

5,040

4,566

4,560

Interest expenses related to liabilities in connection with acquisitions

-

-

-

-

-

-

112

173

-

Accrued severance pay, net

-

-

-

-

-

-

-143

-11

20

Loss on sale of property and equipment

-

-

-

-

-10

0

-10

0

2,249

Stock-based compensation

78

152

234

1,557

325

515

633

300

130

Amortization of marketable securities premium and accretion of discount

-218

-257

-249

-62

0

0

-

-

-

Gains reclassified into earnings from marketable securities

94

-16

0

-

-

-

-

-

-

Amortization of marketable securities premium, accretion of discount

-

-

-

-

-

-

-14

-17

57

Loss on sale and maturity of marketable securities

-

-

-

-

-

-

-

-3

-3

Non-controlling interest in earnings of subsidiaries

-

-

-

-

-

-

-

-

0

Gain on sale of subsidiary's operation

-

-

-

-

-

136

136

146

105

Increase in trade receivables, net

15,752

2,571

8,756

9,378

-473

-11

5,405

198

-1,368

Increase in other long term and short term accounts receivable and prepaid expenses

1,773

56

1,669

23

397

-145

1,753

-241

-747

Increase in trade payables

3,604

1,426

1,866

-342

-700

780

446

26

-363

Change in value of loans

-3,200

0

0

-

-

-

-

-

-

Increase (decrease) in accrued expenses and other accounts payable

4,435

1,553

-196

-303

-1,589

-2,279

-

-

-

Increase (decrease) in accrued expenses and other accounts payable

-

-

-

-

-

-

953

-288

-

Increase (decrease) in accrued expenses and other accounts payable

-

-

-

-

-

-

-

-

-1,281

Increase in deferred revenues

1,175

-180

684

191

-1,765

-1,131

1,593

-85

-433

Change in deferred taxes, net

1,108

958

-245

-1,204

-687

-1,083

1,650

-436

1,056

Net cash provided by operating activities

-

-

-

18,194

22,280

22,948

15,238

-

-

Net cash provided by operating activities

25,508

27,955

19,618

-

-

-

-

14,397

7,534

Cash flows from investing activities:
Capitalized software development costs

3,771

4,224

3,847

4,267

4,713

4,969

5,222

3,595

3,128

Purchase of property and equipment

1,400

799

1,109

993

497

510

497

583

580

Cash paid in conjunction with acquisitions, net of acquired cash

6,890

31,436

9,182

9,363

16,557

7,627

-

-

-

Proceeds from maturity and sale of marketable securities

4,225

2,643

0

-

-

-

-

-

-

Cash paid in conjunction with acquisitions, net of acquired cash

-

-

-

-

-

-

23,640

10,225

0

Proceeds from sale of subsidiary's operation

-

-

-

-

-

136

136

146

105

Proceeds from sale of property and equipment

-

-

-

-

60

0

0

414

5,277

Proceeds from sale of marketable securities

-

-

-

-

-

-

-

361

107

Proceeds from maturity of marketable securities

-

-

-

596

0

343

1,557

830

1,400

Proceeds from short-term bank deposits

0

8,467

2,654

0

0

3,601

-

-

-

Investment in marketable securities and short-term bank deposits

5,766

9,401

5,153

-

-

-

-

-

-

Short-term loan to a related-party

-1,183

1,183

0

-

-

-

-

-

-

Investment in marketable securities and short-term bank deposits

5,766

9,401

5,153

11,976

0

-

-

-

-

Short term loan to a related-party

-1,183

1,183

0

0

-

-

-

-

-

Change in loans to employees and other deposits, net

0

49

-5

58

0

-

-

-

-

Change in loans to employees and other deposits ,net

-

-

-

-

-

34

-

-

-

Investment in marketable securities

-

-

-

-

-

0

-

393

1,604

Prepayment on investment

-

-

-

-

-

-

-

1,160

0

Proceeds from short-term bank deposits

-

-

-

-

-

-

21,974

15,077

24,191

Change in loans to employees and other deposits ,net

-

-

-

-

-

-

17

28

-

Proceeds from returns of loans to employees and other deposits ,net

-

-

-

-

-

-

-

-

0

Investment in short-term bank deposit

-

-

-

-

-

1,366

24,153

1,291

36,144

Net cash used in investing activities

-

-

-

-26,061

-21,707

-10,426

-29,828

-

-

Net cash used in investing activities

-12,419

-35,982

-16,632

-

-

-

-

-391

-10,376

Cash flows from financing activities:
Proceeds from exercise of options by employees

586

41

419

204

1,462

309

875

1,339

58

Issuance of Ordinary shares, net

-

-

-

54,726

0

0

-

-

0

Issuance (expense on issuance) of Ordinary shares

-

-

-

-

-

-

21

-20,290

-

Dividend paid

9,359

7,761

7,788

8,681

7,787

3,661

0

15,974

-

Dividend paid to non-controlling interests

571

456

392

0

0

-

-

-

-

Dividend paid to redeemable non-controlling interests

5,312

1,574

0

0

-

-

-

-

-

Short-term credit, net

0

936

-2,840

2,974

-47

14

-

-

-

Purchase of non-controlling interest

0

352

1,300

0

168

87

-

-

-

Short-term credit, net

-

-

-

-

-

-

-20

717

2

Purchase of non-controlling interest

-

-

-

-

-

-

-1,377

0

0

Long-term loan received

8,535

31,356

0

0

3,307

0

0

-

-

Repayment of long-term loans

8,190

0

34

2,905

95

0

0

23

118

Net cash provided by (used in) financing activities

-

-

-

46,318

-3,328

-3,425

-503

-

-

Net cash provided by (used in) financing activities

-14,312

22,190

-11,935

-

-

-

-

4,915

-62

Effect of exchange rate changes on cash and cash equivalents

1,985

-1,037

-1,378

-1,070

145

-64

143

390

-55

Increase in cash and cash equivalents

762

13,126

-10,327

37,381

-2,610

9,033

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-14,950

19,311

-2,959

Deferred acquisition payment

652

2,035

355

-

-

-

-

-

-

Contingent acquisition consideration

0

4,771

1,048

-

-

-

-

-

-

Dividend declared and not yet paid

195

0

0

-

-

-

-

-

-

Payable on account of dividend

-

-

-

-

-

-

-

-

15,974

Deferred acquisition payment

-

-

-

-

1,581

3,103

0

4,645

0

Contingent acquisition consideration

-

-

-

-

3,981

1,192

750

414

0

Dividend in Redeemable Non-controlling interest

692

1,579

2,294

-

0

-

-

-

-

Dividend in Non-controlling interest

0

0

355

-

0

-

-

-

-

Receivables from sale of property

-

-

-

-

-

-

-

-

450

Income taxes

5,373

4,510

2,386

1,601

1,519

1,250

1,015

709

873

Interest

572

358

113

74

-

-

-

-

-

Interest

-

-

-

-

34

17

8

131

3