BENTLEY SYSTEMS INC
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
BSY$45.40+1.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Financial Statements F-
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $64,009 | $68,412 |
| Accounts receivable | 322,862 | 302,501 |
| Allowance for doubtful accounts | (8,395) | (8,965) |
| Prepaid income taxes | 13,066 | 12,812 |
| Prepaid and other current assets | 50,531 | 44,797 |
| Total current assets | 442,073 | 419,557 |
| Property and equipment, net | 33,798 | 40,100 |
| Operating lease right-of-use assets | 32,303 | 38,476 |
| Intangible assets, net | 213,959 | 248,787 |
| Goodwill | 2,367,179 | 2,269,336 |
| Investments | 25,764 | 23,480 |
| Deferred income taxes | 198,286 | 212,831 |
| Other assets | 86,445 | 67,283 |
| Total assets | $3,399,807 | $3,319,850 |
| Liabilities and Equity | ||
| Current liabilities: | ||
| Accounts payable | $16,479 | $18,094 |
| Accruals and other current liabilities | 536,417 | 457,348 |
| Deferred revenues | 245,729 | 253,785 |
| Operating lease liabilities | 11,656 | 11,645 |
| Income taxes payable | 4,053 | 9,491 |
| Current portion of long-term debt | — | 10,000 |
| Total current liabilities | 814,334 | 760,363 |
| Long-term debt | 1,388,088 | 1,518,403 |
| Deferred compensation plan liabilities | 96,684 | 88,181 |
| Long-term operating lease liabilities | 26,894 | 30,626 |
| Deferred revenues | 16,641 | 15,862 |
| Deferred income taxes | 8,612 | 9,718 |
| Income taxes payable | 3,615 | 7,337 |
| Other liabilities | 3,819 | 5,378 |
| Total liabilities | 2,358,687 | 2,435,868 |
| Commitments and contingencies (Note 18) | ||
| Equity: | ||
| Preferred stock, $0.01 par value, authorized 100,000,000 shares; none issued or outstanding as of December 31, 2024 and 2023 | — | — |
| Class A common stock, $0.01 par value, authorized 100,000,000 shares; issued and outstanding 11,537,627 shares as of December 31, 2024 and 2023 | 115 | 115 |
| Class B common stock, $0.01 par value, authorized 1,800,000,000 shares; issued and outstanding 290,439,703 and 284,728,210 shares as of December 31, 2024 and 2023, respectively | 2,905 | 2,848 |
| Additional paid-in capital | 1,217,986 | 1,127,234 |
| Accumulated other comprehensive loss | (104,078) | (84,987) |
| Accumulated deficit | (75,941) | (161,932) |
| Total Bentley Systems stockholders’ equity | 1,040,987 | 883,278 |
| Noncontrolling interest | 133 | 704 |
| Total equity | 1,041,120 | 883,982 |
| Total liabilities and equity | $3,399,807 | $3,319,850 |
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