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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 105,943 $ 83,062
Short-term bank deposits 751 3,904
Trade receivables (net of allowance for credit losses of $5,416 and $7,066 as of December 31, 2022 and 2023, respectively) 108,385 118,126
Unbilled receivables and contract assets 22,713 30,354
Other accounts receivable and prepaid expenses 18,833 13,652
Total current assets 256,625 249,098
LONG-TERM ASSETS:    
Deferred tax assets 6,729 3,618
Right-of-use assets 25,718 27,536
Other long-term receivables 8,623 5,795
Property, plants and equipment, net 7,988 8,338
Intangible assets, net 50,658 52,057
Goodwill 166,065 158,699
Total long-term assets 265,781 256,043
Total assets 522,406 505,141
CURRENT LIABILITIES:    
Short term debts 28,941 20,755
Trade payables 28,415 27,598
Accrued expenses and other accounts payable 41,492 46,842
Current maturities of lease liabilities 4,406 4,591
Put options for non-controlling interests 18,252 27,172
Liability in respect of business combinations 6,656 19,287
Deferred revenues and customer advances 13,537 9,808
Total current liabilities 141,699 156,053
LONG-TERM LIABILITIES:    
Long-term debt 52,267 30,412
Long-term lease liabilities 23,101 24,282
Liability in respect of business combinations 1,049 5,376
Deferred tax liabilities 11,610 10,686
Put options for non-controlling interests 620 1,120
Employee benefit liabilities 1,116 901
Total long-term liabilities 89,763 72,777
COMMITMENTS AND CONTINGENCIES
Magic Software Enterprises Ltd shareholders’ equity:    
Ordinary shares of NIS 1 par value - Authorized: 50,000,000 shares at, December 31, 2022 and 2023; Issued and Outstanding: 49,093,055 and 49,099,305 shares as of December 31, 2022 and 2023, respectively 1,166 1,166
Additional paid-in capital 182,607 182,031
Accumulated other comprehensive loss (10,314) (6,559)
Retained earnings 92,522 86,289
Total equity attributable to Magic Software Enterprises Ltd shareholders 265,981 262,927
Non-controlling interests 24,963 13,384
Total equity 290,944 276,311
Total liabilities and equity $ 522,406 $ 505,141