← BENTLEY SYSTEMS INC
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $142.1m |
$103.1m
-27.45%
|
$126.5m
+22.72%
|
$93.2m
-26.34%
|
$174.8m
+87.55%
|
$326.8m
+86.97%
|
$234.4m
-28.26%
|
$277.8m
+18.50%
|
$289.8m
+4.33%
|
|
| Depreciation, amortization, and impairment | — | — | — | $52.8m | $71.5m | $71.9m | $64.6m | $65.9m | $66.7m | |
| Amortization of deferred debt issuance costs | $552k | $553k | $985k | $6.0m | $7.3m | $7.3m | $7.3m | $7.6m | — | |
| Deferred income taxes | ($60.1m) | $732k | $16.2m | ($19.7m) | ($5.1m) | ($198.9m) | $12.6m | $24.3m | $44.8m | |
| Stock-based compensation expense | $7.9m | $8.1m | $32.1m | $49.0m | $75.2m | $73.0m | $74.4m | $72.6m | $78.5m | |
| Non-marketable equity investment | — | — | — | — | — | $3.5m | $0 | $0 | — | |
| Accounts receivable | ($41.8m) | ($21.2m) | $12.4m | ($35.5m) | ($60.9m) | ($5.2m) | ($32.1m) | ($18.6m) | ($73.7m) | |
| Accounts payable, accruals, and other liabilities | $37.2m | $41.9m | $47.7m | $50.1m | $29.2m | $68.7m | $75.0m | ($18.4m) | $5.7m | |
| Deferred revenues | $21.2m | ($268k) | ($565k) | $5.3m | $2.3m | $19.9m | ($1.8m) | $19.0m | — | |
| Other | — | — | $134k | $5.3m | $2.6m | ($191k) | ($188k) | ($203k) | — | |
| Prepaid and other assets | $2.8m | ($668k) | $11.7m | $14.3m | $14.1m | $4.1m | ($6.0m) | $10.5m | — | |
| Net cash provided by operating activities | $161.5m |
$170.8m
+5.76%
|
$258.3m
+51.28%
|
$288.0m
+11.49%
|
$274.3m
-4.76%
|
$416.7m
+51.90%
|
$435.3m
+4.46%
|
$538.5m
+23.70%
|
$522.9m
-2.89%
|
|
| Purchases of property and equipment and investment in capitalized software | ($18.6m) | ($15.8m) | ($15.5m) | ($17.5m) | ($18.5m) | ($25.0m) | ($14.0m) | ($18.3m) | ($24.4m) | |
| Purchases of investments | — | — | — | ($4.1m) | ($11.0m) | ($11.6m) | ($1.4m) | ($981k) | — | |
| Proceeds from investments | — | — | — | $0 | $0 | $2.1m | $0 | $0 | $0 | |
| Acquisitions, net of cash acquired | ($135.3m) | ($34.1m) | ($93.0m) | ($1.0b) | ($743.0m) | ($26.0m) | ($130.4m) | ($93.3m) | ($125.4m) | |
| Net cash used in investing activities | ($154.8m) | ($53.7m) | ($117.3m) | ($1.1b) | ($770.1m) | ($60.5m) | ($143.3m) | ($112.3m) | ($118.4m) | |
| Payments of debt issuance costs | $0 | $0 | ($432k) | ($5.6m) | $0 | $0 | ($6.2m) | $0 | — | |
| Repurchases of Class B common stock under approved program | ($46.5m) | ($24.2m) | ($84.0m) | ($120.5m) | ($28.2m) | $0 | ($64.4m) | ($125.1m) | — | |
| Payments of dividends | ($20.1m) | ($25.0m) | ($422.6m) | ($33.4m) | ($34.5m) | ($58.8m) | ($72.1m) | ($85.0m) | ($84.9m) | |
| Net cash used in financing activities | ($58.8m) |
($77.0m)
-31.04%
|
($136.5m)
-77.18%
|
$982.6m
+819.78%
|
$243.0m
-75.27%
|
($359.1m)
-247.75%
|
($289.9m)
+19.28%
|
($376.3m)
-29.83%
|
($343.7m)
+8.66%
|
|
| Increase (decrease) in cash and cash equivalents | ($53.3m) | $39.9m | $905k | $207.3m | ($257.7m) | ($3.3m) | ($4.4m) | $59.3m | — | |
| Cash and cash equivalents, beginning of year | $81.2m | $121.1m | $122.0m | $329.3m | $71.7m | $68.4m | $64.0m | $123.3m | — | |
| Effect of exchange rate changes on cash and cash equivalents | ($1.2m) | ($114k) | ($3.6m) | ($6.7m) | ($4.9m) | ($390k) | ($6.6m) | $9.4m | ($3.4m) | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Deferred compensation plan | — | — | $177k | $95.0m | ($15.8m) | $13.6m | $12.4m | $14.4m | — | |
| Change in fair value of derivative | $487k | $159k | ($347k) | ($9.8m) | ($27.1m) | $5.0m | ($10k) | $10.2m | — | |
| Foreign currency remeasurement loss (gain) | ($1.6m) | $5.3m | ($24.5m) | $64k | $6.0m | ($452k) | ($785k) | $664k | — | |
| Cloud Services Subscription deposits | — | — | — | — | — | $77.9m | $91.6m | $77.2m | — | |
| Income taxes payable, net of prepaid income taxes | $16.4m | ($5.3m) | ($3.8m) | ($15.9m) | $320k | $9.9m | ($12.6m) | ($10.4m) | — | |
| Proceeds from credit facilities | $148.2m | $191.2m | $550.9m | $745.3m | $833.3m | $588.2m | $517.6m | $289.6m | — | |
| Payments of credit facilities | ($159.5m) | ($216.2m) | ($538.6m) | ($991.3m) | ($487.7m) | ($841.7m) | ($474.4m) | ($424.9m) | — | |
| Repayments of term loan | $0 | $0 | ($125.0m) | $0 | ($5.0m) | ($5.0m) | ($190.0m) | $0 | — | |
| Repurchase of convertible senior notes | — | — | $0 | $0 | ($2.0m) | $0 | $0 | ($9.8m) | — | |
| Payments of contingent and non-contingent consideration | — | — | — | ($2.4m) | ($8.5m) | ($4.3m) | ($3.0m) | ($310k) | — | |
| Proceeds from stock purchases under employee stock purchase plan | — | $0 | $0 | $3.8m | $10.3m | $10.0m | $11.2m | $11.5m | — | |
| Proceeds from exercise of stock options | $2.7m | $3.6m | $9.1m | $5.6m | $8.3m | $11.7m | $4.0m | $0 | — | |
| Payments for shares acquired including shares withheld for taxes | — | — | ($84.0m) | ($120.5m) | ($43.6m) | ($58.9m) | ($12.5m) | ($32.2m) | — | |
| Cash paid for income taxes | $25.8m | $27.9m | $29.0m | $40.2m | $29.5m | $43.6m | $59.7m | $61.5m | — | |
| Income tax refunds | $7.3m | $1.8m | $3.9m | $9.4m | $3.6m | $1.2m | $2.2m | $2.4m | — | |
| Cash paid for interest | $8.9m | $9.2m | $8.0m | $4.6m | $26.6m | $37.4m | $17.2m | $7.8m | — | |
| Deferred, non-contingent consideration, net | $690k | $0 | $1.4m | $10.1m | $749k | $525k | $0 | $0 | — | |
| Share-settled Bonus Plan awards | — | $0 | $0 | $21.0m | $21.9m | $16.8m | $14.5m | $6.5m | — | |
| DCP elective participant deferrals | — | $3.6m | $3.5m | $2.6m | $6.6m | $1.8m | $188k | $0 | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.