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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 485,391 $ 501,650
Short-term deposits 25,924 30,289
Marketable securities 1,142 1,238
Trade receivables (net of allowances for doubtful accounts of $9,717 and $12,855 as of December 31, 2020 and 2021, respectively) 696,321 519,885
Prepaid expenses and other accounts receivable 72,118 83,820
Inventories 21,221 23,988
Total current assets 1,302,117 1,160,870
LONG-TERM ASSETS:    
Deferred taxes 46,364 39,750
Prepaid expenses, other accounts receivable and other investments 23,676 22,872
Total long-term assets 70,040 62,622
INVESTMENTS IN COMPANIES ACCOUNTED FOR AT EQUITY METHOD 28,900 28,311
RIGHT-OF-USE ASSETS 115,833 114,414
PROPERTY, PLANTS AND EQUIPMENT, NET 56,886 59,176
INTANGIBLE ASSETS, NET 241,936 222,263
GOODWILL 932,854 872,424
Total assets 2,748,566 2,520,080
CURRENT LIABILITIES:    
Credit from banks and others 175,696 120,444
Debentures 48,455 41,454
Current maturities of lease liabilities 41,655 32,065
Trade payables 205,835 153,322
Deferred revenues 140,660 128,898
Employees and payroll accrual 207,553 190,247
Other accounts payable 80,411 68,976
Liabilities in respect of business combinations 7,773 8,654
Put options of non-controlling interests 39,558 35,843
Total current liabilities 947,596 779,903
LONG-TERM LIABILITIES:    
Loans from banks and others 157,229 180,316
Debentures 205,035 203,070
Lease liabilities 84,839 91,188
Other long-term liabilities 12,183 12,191
Deferred taxes 78,135 68,367
Deferred revenues 17,757 16,626
Liability in respect of business combinations 21,644 16,582
Put options of non-controlling interests 31,720 28,175
Employee benefit liabilities 12,641 15,119
Total long-term liabilities 621,183 631,634
COMMITMENTS AND CONTINGENCIES
Share capital:    
Ordinary shares of NIS 1 par value - Authorized: 25,000,000 shares as of December 31, 2020 and 2021; Issued: 15,862,887 as of December 31, 2020 and 2021; Outstanding: 15,294,267 as of December 31, 2020 and 2021 4,340 4,340
Additional paid-in capital 153,048 149,249
Retained earnings 358,315 324,358
Accumulated other comprehensive income 25,516 25,513
Treasury shares (568,620 shares as of December 31, 2020 and 2021) (259) (259)
Total equity attributable to Formula Systems shareholders 540,960 503,201
Non-controlling interests 638,827 605,342
Total equity 1,179,787 1,108,543
Total liabilities and equity $ 2,748,566 $ 2,520,080