Bentley Systems, Inc. (BSY)

Income Statement (Annual)

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2021	2020	2019	2018
Revenue	965.05	801.54	736.65	691.71
Revenue Growth (YoY)	20.40%	8.81%	6.50%	-
Cost of Revenue	216.54	167.16	144.15	131.32
Gross Profit	748.51	634.39	592.5	560.39
Selling, General & Admin	312.36	257.07	252.47	249.96
Research & Development	220.92	185.52	183.55	175.03
Other Operating Expenses	120.65	41.66	14.62	14
Operating Expenses	653.92	484.24	450.64	439
Operating Income	94.59	150.15	141.87	121.39
Interest Expense / Income	12.49	7.48	8.2	8.77
Other Expense / Income	-7.65	-22.47	6.83	-0.24
Pretax Income	89.74	165.15	126.83	112.86
Income Tax	-3.45	38.63	23.74	-29.25
Net Income	93.19	126.52	103.1	142.11
Preferred Dividends	0.01	0.23	0.01	0
Net Income Common	93.18	126.29	103.09	142.11
Net Income Growth	-26.21%	22.50%	-27.46%	-
Shares Outstanding (Basic)	306	290	285	286
Shares Outstanding (Diluted)	315	299	294	293
Shares Change	5.09%	1.90%	0.40%	-
EPS (Basic)	0.30	0.44	0.36	0.50
EPS (Diluted)	0.30	0.42	0.35	0.49
EPS Growth	-28.57%	20.00%	-28.57%	-
Free Cash Flow Per Share	0.89	0.83	0.54	0.50
Dividend Per Share	0.120	0.030	-	-
Dividend Growth	300.00%	-	-	-
Gross Margin	77.60%	79.10%	80.40%	81.00%
Operating Margin	9.80%	18.70%	19.30%	17.50%
Profit Margin	9.70%	15.80%	14.00%	20.50%
Free Cash Flow Margin	28.00%	30.20%	20.90%	20.50%
Effective Tax Rate	-3.84%	23.39%	18.72%	-25.92%
EBITDA	155.03	208.74	167.19	150.83
EBITDA Margin	16.10%	26.00%	22.70%	21.80%
Depreciation & Amortization	52.79	36.12	32.16	29.2
EBIT	102.24	172.62	135.03	121.63
EBIT Margin	10.60%	21.50%	18.30%	17.60%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).