Bentley Systems, Incorporated (BSY)

Bentley Systems Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	281.81	277.79	234.43	326.79	174.78	93.19
Depreciation & Amortization	66.38	65.88	64.61	71.86	71.54	52.79
Stock-Based Compensation	75.37	72.58	74.42	72.97	75.21	49.05
Other Adjustments	67.98	62.89	39.29	-152.37	-32.11	76.89
Change in Receivables	-28.04	-18.58	-32.06	-5.18	-60.94	-35.52
Changes in Accounts Payable	-21.14	-18.44	-16.64	-9.17	29.18	47.96
Changes in Income Taxes Payable	-16.34	-10.39	-12.55	9.85	0.32	-15.93
Changes in Unearned Revenue	15.55	19.01	-1.79	19.93	2.29	5.34
Changes in Other Operating Activities	70.9	87.73	85.59	82.01	14.05	14.26
Operating Cash Flow	512.46	538.46	435.29	416.7	274.32	288.02
Operating Cash Flow Growth	13.95%	23.70%	4.46%	51.90%	-4.76%	11.49%
Capital Expenditures	-20.76	-18.26	-14.05	-25	-18.55	-17.54
Sale of Property, Plant & Equipment	-	-	-	-	2.38	-
Purchases of Investments	-0.98	-0.98	-1.44	-11.6	-10.95	-4.08
Proceeds from Sale of Investments	-	-	-	2.12	-	-
Payments for Business Acquisitions	-93.25	-93.25	-130.41	-26.02	-743.01	-1,035
Other Investing Activities	0.18	0.18	2.62	-	-	-
Investing Cash Flow	-114.82	-112.31	-143.27	-60.5	-770.13	-1,057
Long-Term Debt Issued	987.86	289.57	517.64	588.15	833.29	2,178
Long-Term Debt Repaid	-1,122	-434.68	-664.36	-846.72	-494.69	-991.31
Net Long-Term Debt Issued (Repaid)	-134.42	-145.11	-146.71	-258.57	338.6	1,187
Issuance of Common Stock	11.72	11.53	15.24	21.7	18.67	9.45
Repurchase of Common Stock	-172.04	-157.24	-76.86	-58.94	-71.81	-120.54
Net Common Stock Issued (Repurchased)	-160.32	-145.71	-61.63	-37.23	-53.14	-111.09
Common Dividends Paid	-84.99	-84.96	-72.12	-58.76	-34.49	-33.4
Other Financing Activities	-0.36	-0.51	-9.39	-4.52	-7.94	-59.82
Financing Cash Flow	-379.93	-376.3	-289.85	-359.07	243.03	982.58
Effect of Exchange Rate Changes on Cash and Cash Equivalents	3.81	9.41	-6.58	-0.39	-4.88	-6.67
Net Cash Flow	21.52	59.27	-4.4	-3.27	-257.65	207.33
Free Cash Flow	491.7	520.21	421.25	391.69	255.78	270.49
Free Cash Flow Growth	-5.48%	23.49%	7.54%	53.14%	-5.44%	11.82%
FCF Margin	31.61%	34.64%	31.13%	31.89%	23.27%	28.03%
Free Cash Flow Per Share	1.49	1.56	1.26	1.18	0.77	0.86
Levered Free Cash Flow	242.05	258.28	193.24	217.71	612.22	1,367
Unlevered Free Cash Flow	389.21	412.7	346.77	559.97	285.06	184.96

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q