BENTLEY SYSTEMS INC
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
BSY$45.24-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Stockholders’ Equity F-
Consolidated Statements of Stockholders’ Equity
(in thousands, except share data)
| Accumulated | |||||||
|---|---|---|---|---|---|---|---|
| Class A and Class B · Additional · Other · Non- · Total | |||||||
| Common Stock · Paid-In · Comprehensive · Accumulated · Controlling · Stockholders’ | |||||||
| Shares | Par Value | Capital | Loss | Deficit | Interest | Equity | |
| Balance, December 31, 2020 | 272,154,504 | $2,722 | $741,113 | $(26,233) | $(376,003) | $— | $341,599 |
| Net income | — | — | — | — | 93,192 | — | 93,192 |
| Other comprehensive loss | — | — | — | (65,541) | — | — | (65,541) |
| Shares issued related to acquisition | 3,141,342 | 31 | 182,359 | — | — | — | 182,390 |
| Purchase of capped call options, net of tax of $12,871 | — | — | (38,734) | — | — | — | (38,734) |
| Dividends declared | — | — | — | — | (33,537) | — | (33,537) |
| Shares issued in connection with DCP, net | 2,378,645 | 24 | — | — | (69,031) | — | (69,007) |
| DCP elective participant deferrals | — | — | 2,619 | — | — | — | 2,619 |
| DCP modification | — | — | (4,739) | — | — | — | (4,739) |
| Shares issued in connection with Bonus Plan, net | 238,755 | 2 | 20,951 | — | (8,739) | — | 12,214 |
| Shares issued and repurchased in connection with employee stock purchase plan, net | 104,716 | 1 | 3,845 | — | (438) | — | 3,408 |
| Stock option exercises, net | 4,587,053 | 46 | 5,559 | — | (37,785) | — | (32,180) |
| Shares issued for stock grants, net | 7,824 | — | 450 | — | — | — | 450 |
| Stock-based compensation expense | — | — | 24,382 | — | — | — | 24,382 |
| Shares related to restricted stock, net | (86,120) | (1) | — | — | (7,293) | — | (7,294) |
| Balance, December 31, 2021 | 282,526,719 | 2,825 | 937,805 | (91,774) | (439,634) | — | 409,222 |
| Net income | — | — | — | — | 174,780 | — | 174,780 |
| Other comprehensive income | — | — | — | 2,034 | — | — | 2,034 |
| Dividends declared | — | — | — | — | (34,353) | — | (34,353) |
| Shares issued in connection with DCP, net | 3,541,375 | 35 | (27) | — | (24,254) | — | (24,246) |
| DCP elective participant deferrals | — | — | 6,580 | — | — | — | 6,580 |
| Shares issued in connection with Bonus Plan, net | 445,050 | 5 | 21,920 | — | (5,197) | — | 16,728 |
| Shares issued and repurchased in connection with employee stock purchase plan, net | 307,406 | 3 | 10,332 | — | (273) | — | 10,062 |
| Stock option exercises, net | 2,613,659 | 26 | 8,312 | — | (9,188) | — | (850) |
| Acquisition option exercises, net | 185,178 | 2 | (2) | — | — | — | — |
| Shares issued for stock grants, net | 13,632 | — | 450 | — | — | — | 450 |
| Stock-based compensation expense | — | — | 45,100 | — | — | — | 45,100 |
| Shares related to restricted stock, net | 277,594 | 3 | (4) | — | (4,491) | — | (4,492) |
| Repurchases of Class B common stock under approved program | (896,126) | (9) | — | — | (28,241) | — | (28,250) |
| Other | — | — | — | — | (15) | — | (15) |
| Non-controlling interest acquired | — | — | — | — | — | 704 | 704 |
| Balance, December 31, 2022 | 289,014,487 | 2,890 | 1,030,466 | (89,740) | (370,866) | 704 | 573,454 |
| Net income | — | — | — | — | 326,787 | — | 326,787 |
| Other comprehensive income | — | — | — | 4,753 | — | — | 4,753 |
| Dividends declared | — | — | — | — | (58,756) | — | (58,756) |
| Shares issued in connection with DCP, net | 3,410,006 | 34 | (34) | — | (38,456) | — | (38,456) |
| DCP elective participant deferrals | — | — | 1,765 | — | — | — | 1,765 |
| Shares issued in connection with Bonus Plan, net | 247,867 | 3 | 16,788 | — | (5,756) | — | 11,035 |
| Shares issued and repurchased in connection with employee stock purchase plan, net | 315,840 | 3 | 9,985 | — | (845) | — | 9,143 |
| Stock option exercises, net | 2,621,959 | 26 | 11,689 | — | (6,581) | — | 5,134 |
| Shares issued for stock grants, net | 12,639 | — | 600 | — | — | — | 600 |
| Stock-based compensation expense | — | — | 55,982 | — | — | — | 55,982 |
| Shares related to restricted stock, net | 643,039 | 7 | (7) | — | (7,299) | — | (7,299) |
| Other | — | — | — | — | (160) | — | (160) |
| Balance, December 31, 2023 | 296,265,837 | $2,963 | $1,127,234 | $(84,987) | $(161,932) | $704 | $883,982 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.