XML 11 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Interim Condensed Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 271,764 $ 245,947
Short-term deposits 12 735
Marketable securities 11,919 14,138
Trade receivables (net of allowances for doubtful accounts of $ 6,445 and $6,051 as of September 30, 2018 and December 31, 2017, respectively) 416,587 385,778
Prepaid expenses and other accounts receivable 48,628 44,904
Inventories 3,845 3,299
Total current assets 752,755 694,801
LONG-TERM ASSETS:    
Deferred taxes 14,478 15,878
Prepaid expenses and other accounts receivable 20,528 16,581
Total long-term assets 35,006 32,459
INVESTMENTS IN COMPANIES ACCOUNTED FOR AT EQUITY METHOD 25,242 25,315
PROPERTY, PLANTS AND EQUIPMENT, NET 29,733 29,807
INTANGIBLE ASSETS, NET 158,360 163,983
GOODWILL 637,477 617,272
Total assets 1,638,573 1,563,637
CURRENT LIABILITIES:    
Liabilities to banks and others 128,485 70,819
Debentures 54,798 4,826
Trade payables 95,793 95,339
Deferred revenue and customer advances 59,212 58,905
Employees and payroll accrual 97,756 111,707
Other accounts payable 60,238 53,145
Liabilities in respect of business combinations 5,485 6,811
Redeemable non-controlling interests 37,660 31,395
Total current liabilities 539,427 432,947
LONG-TERM LIABILITIES:    
Liabilities to banks and others 89,058 135,616
Debentures, net of current maturities 116,448 133,739
Other long term liabilities 7,447 7,244
Deferred taxes 35,759 36,605
Deferred revenues 5,328 9,340
Liability in respect of business combinations 8,439 4,711
Redeemable non-controlling interests 21,769 21,481
Employee benefit liabilities 8,885 9,032
Total long-term liabilities 293,133 357,768
COMMITMENTS AND CONTINGENCIES
Share capital:    
Ordinary shares of NIS 1 par value - Authorized: 25,000,000 shares at September 30, 2018 and December 31, 2017; Issued: 15,308,381 and 15,307,402 at September 30, 2018 and December 31, 2017, respectively; Outstanding: 14,739,761 and 14,738,782 at September 30, 2018 and December 31, 2017, respectively 4,187 4,187
Additional paid-in capital 99,733 98,040
Retained earnings 256,671 239,156
Accumulated other comprehensive income 9,016 18,078
Treasury shares (568,620 shares as of September 30, 2018 and December 31, 2017, respectively) (259) (259)
Total equity attributable to Formula's shareholders 369,348 359,202
Non-controlling interests 436,665 413,720
Total equity 806,013 772,922
Total liabilities, redeemable non-controlling interest and equity $ 1,638,573 $ 1,563,637