FORTY - Formula Systems (1985) Ltd.

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Income Statement
Balance Sheet
Cash Flow

Income Statement

Annual
All numbers in thousands
Revenue12/31/201812/31/201712/31/201612/31/2015
Total Revenue1,492,9881,355,1391,108,621973,194
Cost of Revenue1,159,6761,058,316849,840741,270
Gross Profit333,312296,823258,781231,924
Operating Expenses
Research Development41,22339,85322,32815,123
Selling General and Administrative182,472174,716147,953140,935
Non Recurring----
Others--308-308-308
Total Operating Expenses1,383,3711,272,8851,020,121897,328
Operating Income or Loss109,61782,25488,50075,866
Income from Continuing Operations
Total Other Income/Expenses Net-7,921-29,443-11,237-9,528
Earnings Before Interest and Taxes109,61782,25488,50075,866
Interest Expense-12,370-10,532-8,020-7,381
Income Before Tax101,69652,81177,26366,338
Income Tax Expense24,30113,37121,16315,984
Minority Interest437,767413,720427,866389,458
Net Income From Continuing Ops77,39539,44056,10050,354
Non-recurring Events
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Changes----
Other Items----
Net Income
Net Income32,36510,35222,44519,829
Preferred Stock And Other Adjustments----
Net Income Applicable To Common Shares32,36510,35222,45519,842