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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 112,779 $ 105,943
Short-term bank deposits 51 751
Trade receivables (net of allowance for credit losses of $7,066 and $7,906 as of December 31, 2023 and 2024, respectively) 123,133 108,385
Unbilled receivables and contract assets 16,683 22,713
Other accounts receivable and prepaid expenses 23,553 18,833
Total current assets 276,199 256,625
LONG-TERM ASSETS:    
Deferred tax assets 4,895 6,729
Right-of-use assets 24,707 25,718
Other long-term receivables 9,261 8,623
Property and equipment, net 7,467 7,988
Intangible assets, net 45,287 50,658
Goodwill 172,515 166,065
Total long-term assets 264,132 265,781
Total assets 540,331 522,406
CURRENT LIABILITIES:    
Short-term debts 23,187 28,941
Trade payables 28,753 28,415
Dividend payable to Magic Software shareholders 11,587
Accrued expenses and other accounts payable 58,209 41,492
Current maturities of lease liabilities 4,818 4,406
Put options for non-controlling interests 20,066 18,252
Liability in respect of business combinations 2,654 6,656
Deferred revenues and customer advances 21,031 13,537
Total current liabilities 170,305 141,699
LONG-TERM LIABILITIES:    
Long-term debts 36,107 52,267
Long-term lease liabilities 22,040 23,101
Liability in respect of business combinations 1,781 1,049
Deferred tax liabilities 7,848 11,610
Put options for non-controlling interests 620
Employee benefit liabilities 1,181 1,116
Total long-term liabilities 68,957 89,763
COMMITMENTS AND CONTINGENCIES
Magic Software Enterprises Ltd shareholders’ equity:    
Ordinary shares of NIS 1 par value - Authorized: 50,000,000 shares at, December 31, 2023 and 2024; Issued and Outstanding: 49,099,305 shares as of December 31, 2023 and 2024 1,166 1,166
Additional paid-in capital 180,336 182,607
Accumulated other comprehensive loss (12,114) (10,314)
Retained earnings 107,802 92,522
Total equity attributable to Magic Software Enterprises Ltd shareholders 277,190 265,981
Non-controlling interests 23,879 24,963
Total equity 301,069 290,944
Total liabilities and equity $ 540,331 $ 522,406