Formula Systems (1985) Ltd. (FORTY) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Cash from Operations | 391.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 208.48M | 0 | 0 | 0 |
| Operating CF Margin % | 54.87% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 31.65% | - | - | - |
| Operating CF Growth % | - | - | - | - | - | - | - | - | - | - | - | - | -100% | - | - | - | -27.34% | - | - | - |
| Net Income | -14.89M | 17.33M | 15.05M | 19.32M | 20.05M | 23.62M | 18.84M | 17.16M | 15.71M | 15.6M | 17.02M | 16.35M | 15.34M | 16.88M | 32.94M | 16.23M | 115.16M | 13.29M | 13.34M | 12.42M |
| Depreciation & Amortization | 153.72M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 122.18M | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 16.16M | 0 | 0 | 0 | 18.62M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.77M | 0 | 0 | 0 |
| Deferred Taxes | -8.33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8M | 0 | 0 | 0 |
| Other Non-Cash Items | 154.53M | -17.33M | -15.05M | -19.32M | -36.22M | -23.62M | -18.84M | -17.16M | -34.34M | -15.6M | -17.02M | -16.35M | -15.34M | -16.88M | -32.94M | -16.23M | 103.29M | -13.29M | -13.34M | -12.42M |
| Working Capital Changes | 106.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -138.92M | 0 | 0 | 0 |
| Change in Receivables | 52.35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -150.82M | 0 | 0 | 0 |
| Change in Inventory | 5.14M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.64M | 0 | 0 | 0 |
| Change in Payables | 24.43M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.25M | 0 | 0 | 0 |
| Cash from Investing | 539.25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Expenditures | -28.11M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx % of Revenue | 3.94% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Acquisitions | 514.29M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -6.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -202.07M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -255K | 0 | 0 | 0 |
| Debt Issued (Net) | -101.72M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 84.32M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -28.88M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -255K | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -155.79M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | 1.28B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 59.65M | 6.3M | -61.9M | -96.45M | 73.88M | 58.36M | 0 | 0 | 208.22M | 0 | 0 | 0 |
| Free Cash Flow | 374.82M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 208.48M | 0 | 0 | 0 |
| FCF Margin % | 52.58% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 31.65% | - | - | - |
| FCF Growth % | - | - | - | - | - | - | - | - | - | - | - | - | -100% | - | - | - | -27.34% | - | - | - |
| FCF per Share | 23.67 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13.45 | - | - | - |
| FCF Conversion (FCF/Net Income) | 0.70x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13.42x | - | - | - |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |