Operating Segments (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination, Significant Transaction and Sale of Business [Abstract]

Schedule of Consolidated Goodwill in Material Partially Owned Subsidiaries

Consolidated Goodwill in material partially owned subsidiaries:

	December 31,
	2022		2021
Matrix IT and its subsidiaries	$	288,235	$	306,421
Sapiens and its subsidiaries		397,613		406,498
Magic Software and its subsidiaries		158,699		146,803
Michpal and its subsidiaries		40,603		36,108
ZAP and its subsidiaries		33,081		35,292
Other consolidated subsidiaries		7,930		1,732
	$	926,161	$	932,854

Schedule of Reporting on Operating Segments

Headquarters and finance expenses of Formula are allocated proportionally among the investees.

	Matrix IT		Sapiens		Magic Software		Michpal		ZAP Group			Other		Adjustments			Total
Year ended December 31, 2022:
Revenues from external customers	$	1,388,508	$	474,736	$	561,682	$	37,714	$	49,893		$	133,526	$	(73,702	)	$	2,572,357
Inter-segment revenues		4,310		-		5,110		309		-			360		(10,089	)		-
Total revenues	$	1,392,818	$	474,736	$	566,792	$	38,023	$	49,893		$	133,886	$	(83,791	)	$	2,572,357
Depreciation and amortization	$	48,288	$	33,050	$	19,804	$	4,770	$	7,976		$	6,214	$	(4,794	)	$	115,308
Segment operating income	$	149,298	$	66,164	$	61,762	$	8,117	$	(1,042	)	$	8,311	$	(5,345	)	$	287,265
Unallocated corporate expenses																		(10,625	)
Total operating income																	$	276,640
Financial expenses, net																		(19,930	)
Group’s share of profits of companies accounted for at equity, net																		(1,808	)
Taxes on income																		(55,235	)
Net income																	$	199,667

		Matrix  IT		Sapiens		Magic Software		Michpal		ZAP Group		Other		Adjustments			Total
Year ended December 31, 2021:
Revenues from external customers	$	1,344,088	$	461,035	$	477,643	$	32,087	$	51,640	$	127,641	$	(89,758	)	$	2,404,376
Inter-segment revenues		6,529		-		2,682		-		-		-		(9,211	)		-
Total revenues	$	1,350,617	$	461,035	$	480,325	$	32,087	$	51,640	$	127,641	$	(98,969	)	$	2,404,376
Depreciation and amortization	$	45,736	$	45,732	$	19,837	$	4,023	$	7,486	$	3,776	$	(4,406	)	$	122,184
Segment operating income	$	102,054	$	44,210	$	59,785	$	6,838	$	5,962	$	3,841	$	(3,519	)	$	219,171
Unallocated corporate expenses																	(11,155	)
Total operating income																$	208,016
Financial expenses, net																	(24,005	)
Group’s share of profits of companies accounted for at equity, net																	505
Taxes on income																	(42,614	)
Net income																$	141,902
		Matrix IT		Sapiens		Magic Software		Michpal		ZAP Group		Other		Adjustments			Total
Year ended December 31, 2020:
Revenues from external customers	$	1,116,178	$	382,903	$	368,357	$	26,244	$	-	$	120,330	$	(80,094	)	$	1,933,918
Inter-segment revenues		5,316		-		2,837		-		-		-		(8,153	)		-
Total revenues	$	1,121,494	$	382,903	$	371,194	$	26,244	$	-	$	120,330	$	(88,247	)	$	1,933,918
Depreciation and amortization	$	36,244	$	35,965	$	18,861	$	3,506	$	-	$	3,377	$	(2,446	)	$	95,507
Segment operating income	$	84,181	$	35,337	$	47,757	$	6,333	$	-	$	4,753	$	(3,455	)	$	174,906
Unallocated corporate expenses																	(4,265	)
Total operating income																	170,641
Financial expenses, net																$	(26,885	)
Group’s share of profits of companies accounted for at equity, net																	1,535
Taxes on income																	(31,269	)
Net income																$	114,022