Magic Software Enterprises Ltd. (MGIC) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Cash from Operations | 19.37M | 6.36M | 14.9M | 25.71M | 7.74M | 13.7M | 27.68M | 3.5M | 22.86M | 23.89M | 18.75M | 19.08M | 21.87M | 4.49M | 11.17M | 9.52M | 6.11M | 12.17M | 15.87M | 10.96M |
| Operating CF Margin % | 11.98% | 4.19% | 10.11% | 18.03% | 5.41% | 10.06% | 21.17% | 2.78% | 17.65% | 17.36% | 13.17% | 12.97% | 15.19% | 3.28% | 8.05% | 7.16% | 5.06% | 10.22% | 14.79% | 10.48% |
| Operating CF Growth % | 150.28% | -53.61% | -46.17% | 635.5% | -66.13% | -42.64% | 47.59% | -81.68% | 4.5% | 431.67% | 67.9% | 100.38% | 257.9% | -63.09% | -29.6% | -13.14% | -53.89% | -18.58% | 20.87% | -17.28% |
| Net Income | 11.84M | 9.92M | 9.48M | 10.62M | 8.43M | 9.03M | 8.8M | 8.48M | 7.15M | 11.29M | 10.11M | 9.87M | 11.49M | 9.49M | 9.62M | 6.95M | 7.5M | 7.78M | 7.54M | 6.51M |
| Depreciation & Amortization | 4.91M | 5.72M | 5.28M | 5.39M | 5.26M | 5.22M | 4.89M | 5.13M | 5.5M | 4.87M | 5.05M | 8M | 3.46M | 4.5M | 3.84M | 8.89M | 3.95M | 3.49M | 3.5M | 3.84M |
| Stock-Based Compensation | 53K | 102K | -65K | -109K | 521K | 304K | 891K | 1.97M | 600K | 609K | 622K | 1.87M | 70K | 70K | 70K | 154K | 155K | 156K | 491K | 0 |
| Deferred Taxes | 1.16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 185K | -7.82M | 4.76M | 4.01M | -12.02M | 3.4M | 7.02M | -1.52M | -1.79M | -7.43M | 12.7M | 1.58M | -538K | -6.98M | 5.68M | 9.6M | -4.66M | 3.04M | 7M | 2.81M |
| Working Capital Changes | 1.29M | -1.56M | -4.55M | 5.8M | 5.54M | -4.26M | 6.08M | -10.57M | 11.4M | 14.55M | -9.73M | -2.24M | 7.38M | -2.58M | -8.04M | -16.07M | -829K | -2.29M | -2.67M | -2.2M |
| Change in Receivables | -5.28M | 747K | -4.73M | 4.16M | 0 | -3.61M | 3.71M | -5.75M | 6.86M | 23.09M | -5.77M | -1.24M | 3.69M | -362K | -4.65M | -18.02M | -2.98M | -1.53M | -5.01M | -9.86M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 8.35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -478K | -3.04M | -4.66M | -697K | -3.69M | -16.96M | -1.26M | 4.71M | -912K | -20.18M | -11.24M | -7.14M | -13.56M | -6.39M | -7.36M | -10.23M | -2.82M | -7.81M | -1.33M | 1.35M |
| Capital Expenditures | -493K | -303K | -524K | -535K | -382K | -338K | -280K | -779K | -214K | -194K | -431K | -1.08M | -1.1M | -1.9M | -302K | -518K | -233K | -178K | -510K | -324K |
| CapEx % of Revenue | 0.3% | 0.2% | 0.36% | 0.38% | 0.27% | 0.25% | 0.21% | 0.62% | 0.17% | 0.14% | 0.3% | 0.73% | 0.76% | 1.39% | 0.22% | 0.39% | 0.19% | 0.15% | 0.48% | 0.31% |
| Acquisitions | 0 | -1.81M | -3.63M | 56K | -1.91M | -17.24M | -249K | 7.48M | -128K | -22.76M | -10.15M | -3.42M | -10.83M | -1.33M | -10.96M | -3.49M | -1.85M | -6.83M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 15K | -926K | -503K | -218K | -1.4M | 619K | -736K | -1.99M | -570K | 2.78M | -657K | -2.64M | -1.64M | -3.16M | 3.9M | -6.22M | -734K | -805K | -823K | 1.67M |
| Cash from Financing | -6.13M | -23.58M | -18.48M | -11.41M | -14.12M | -14.19M | -5.43M | -10.39M | -20.36M | -64K | 13.52M | -9.58M | -13.05M | -15.14M | 19.49M | -9.26M | -8.01M | -81K | -3.92M | -7.22M |
| Debt Issued (Net) | -3.93M | 7.99M | -3.34M | -8.51M | -1.34M | -14.24M | -3.03M | -10.11M | -3.11M | 20.95M | 15.05M | -12.97M | 2.9M | -1.62M | 23.28M | -12.86M | 5.7M | 13.34M | -956K | -5.96M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | -16.05M | -11.59M | 0 | 0 | 0 | 0 | 0 | -16.06M | -14.74M | 0 | 0 | -14.24M | -10.6M | 0 | 0 | -11.48M | -10.3M | 0 | -1K |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -2.2M | -15.51M | -3.55M | -2.9M | -12.77M | 50K | -2.4M | -278K | -1.19M | -6.28M | -1.53M | 3.39M | -1.71M | -2.92M | -3.78M | 3.6M | -2.23M | -3.12M | -2.96M | -1.25M |
| Net Change in Cash | 13.35M | -14.63M | -8.2M | 13.84M | -8.7M | -18.16M | 19.86M | 240K | 1.08M | 2.11M | 19.44M | 300K | -5.49M | -22.39M | 22.56M | -9.07M | -5.61M | 5.21M | 9.44M | 8.73M |
| Free Cash Flow | 18.88M | 6.05M | 14.38M | 25.18M | 7.36M | 13.36M | 27.4M | 2.72M | 22.64M | 23.69M | 18.32M | 18M | 20.77M | 2.59M | 10.87M | 9M | 5.88M | 12M | 15.36M | 10.64M |
| FCF Margin % | 11.68% | 3.99% | 9.76% | 17.66% | 5.15% | 9.81% | 20.96% | 2.16% | 17.49% | 17.22% | 12.86% | 12.24% | 14.43% | 1.89% | 7.83% | 6.77% | 4.86% | 10.07% | 14.31% | 10.17% |
| FCF Growth % | 156.57% | -54.71% | -47.53% | 826.68% | -67.5% | -43.6% | 49.53% | -84.91% | 8.99% | 815.18% | 68.6% | 99.93% | 253.42% | -78.42% | -29.23% | -15.36% | -52.85% | -12.95% | 21.5% | -17.72% |
| FCF per Share | 0.38 | 0.12 | 0.29 | 0.51 | 0.15 | 0.27 | 0.56 | 0.06 | 0.46 | 0.48 | 0.37 | 0.37 | 0.42 | 0.05 | 0.22 | 0.18 | 0.12 | 0.24 | 0.31 | 0.22 |
| FCF Conversion (FCF/Net Income) | 1.96x | 0.63x | 1.57x | 2.42x | 0.92x | 1.50x | 3.15x | 0.41x | 3.20x | 2.12x | 1.86x | 1.93x | 1.87x | 0.47x | 1.15x | 1.46x | 0.82x | 1.56x | 2.10x | 1.68x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |