BENTLEY SYSTEMS INCBSY

Market cap
$14.9B
P/E ratio
45.5x
Dec 31,
2020
Dec 31,
2021
Dec 31,
2022
Dec 31,
2023
Net income12793175327
Depreciation and amortization365372-
Depreciation, amortization, and impairment---72
Deferred income taxes16-20-5-199
Stock-based compensation expense32497573
Deferred compensation plan---1614
Amortization of Debt Issuance Costs167-
Amortization And Write-Off Of Debt Issuance Costs---7
Change in fair value of derivative01027-5
Foreign currency remeasurement (gain) loss25-0-60
Other---3-21
Accounts receivable-1236615
Prepaid and other assets-12-14-14-4
Accounts payable, accruals, and other liabilities48502969
Deferred revenues-15220
Increase (Decrease) in Income Taxes Payable-4-16010
Net cash provided by operating activities258288274417
Purchases of property and equipment and investment in capitalized software15181925
Proceeds from sale of aircraft--2-
Acquisitions, net of cash acquired931,03574326
Other investing activities8411-
Purchases of investments---12
Net cash used in investing activities-117-1,057-770-61
Proceeds from investments---2
Net cash used in investing activities-117-1,057-770-61
Proceeds from credit facilities551745833588
Payments of credit facilities539991488842
Proceeds from Convertible Debt-1,233--
Payments of debt issuance costs06--
Purchase of capped call options-52--
Settlement of convertible senior notes--2-
Proceeds from term loan125200--
Repayments of term loan125-55
Payments of acquisition debt and other consideration328-
Payments of contingent and non-contingent consideration---4
Follow-On Offering296---
Payments of dividends423333459
Payments of Stock Issuance Costs1---
Proceeds from Stock Plans-41010
Payments of dividends423333459
Proceeds from exercise of stock options96812
Proceeds from Stock Plans-41010
Payments for shares acquired including shares withheld for taxes--4459
Proceeds from exercise of stock options96812
Repurchases of Class B common stock under approved program8412128-
Payments for shares acquired including shares withheld for taxes--4459
Other--1-0
Repurchases of Class B common stock under approved program8412128-
Net cash (used in) provided by financing activities-137983243-359
Other--1-0
Net cash (used in) provided by financing activities-137983243-359
Effect of exchange rate changes on cash and cash equivalents---5-0
(Decrease) increase in cash and cash equivalents1207-258-3
Income Taxes Paid29402944
Income tax refunds4941
Interest paid-52737
Cost method investment--64
Shares issued related to acquisition-182--
Contingent acquisition consideration251-
Deferred, non-contingent consideration, net11011
Term Loan Expenses Accrued In Period-0--
Share-settled Bonus Plan awards-212217
DCP elective participant deferrals-372
Net income12793175327
Depreciation and amortization365372-
Depreciation, amortization, and impairment---72
Deferred income taxes16-20-5-199
Stock-based compensation expense32497573
Deferred compensation plan---1614
Amortization of Debt Issuance Costs167-
Amortization And Write-Off Of Debt Issuance Costs---7
Change in fair value of derivative01027-5
Foreign currency remeasurement (gain) loss25-0-60
Other---3-21
Accounts receivable-1236615
Prepaid and other assets-12-14-14-4
Accounts payable, accruals, and other liabilities48502969
Deferred revenues-15220
Increase (Decrease) in Income Taxes Payable-4-16010
Net cash provided by operating activities258288274417
Purchases of property and equipment and investment in capitalized software15181925
Proceeds from sale of aircraft--2-
Acquisitions, net of cash acquired931,03574326
Other investing activities8411-
Purchases of investments---12
Net cash used in investing activities-117-1,057-770-61
Proceeds from investments---2
Net cash used in investing activities-117-1,057-770-61
Proceeds from credit facilities551745833588
Payments of credit facilities539991488842
Proceeds from Convertible Debt-1,233--
Payments of debt issuance costs06--
Purchase of capped call options-52--
Settlement of convertible senior notes--2-
Proceeds from term loan125200--
Repayments of term loan125-55
Payments of acquisition debt and other consideration328-
Payments of contingent and non-contingent consideration---4
Follow-On Offering296---
Payments of dividends423333459
Payments of Stock Issuance Costs1---
Proceeds from Stock Plans-41010
Payments of dividends423333459
Proceeds from exercise of stock options96812
Proceeds from Stock Plans-41010
Payments for shares acquired including shares withheld for taxes--4459
Proceeds from exercise of stock options96812
Repurchases of Class B common stock under approved program8412128-
Payments for shares acquired including shares withheld for taxes--4459
Other--1-0
Repurchases of Class B common stock under approved program8412128-
Net cash (used in) provided by financing activities-137983243-359
Other--1-0
Net cash (used in) provided by financing activities-137983243-359
Effect of exchange rate changes on cash and cash equivalents---5-0
(Decrease) increase in cash and cash equivalents1207-258-3
Income Taxes Paid29402944
Income tax refunds4941
Interest paid-52737
Cost method investment--64
Shares issued related to acquisition-182--
Contingent acquisition consideration251-
Deferred, non-contingent consideration, net11011
Term Loan Expenses Accrued In Period-0--
Share-settled Bonus Plan awards-212217
DCP elective participant deferrals-372