Financial Statements

Magic Software Enterprises Ltd. (MGIC)

$17.39

+0.23 (+1.34%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) 40283126-
Net Income 2925202015
Stock Dividends -47-1-7-220
Dividend Paid -22-13-15-14-9
Retained Earnings -40283126

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 301933-
Annual Depreciation 4182149
Capital Expenditure -5-6-6-5-5
Net PPE 30301933

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -9895118136
New Purchases -6-18-1--5
Intangible and Goodwill 9895118136-

Magic Software Enterprises Ltd. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Magic Software Enterprises Ltd. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.