BENTLEY SYSTEMS INC

For the period ended Sep 30, 2024. Filed Nov 7, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 7, 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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Contents

Consolidated Statements of Stockholders’ Equity

(in thousands, except share data)

	Three Months Ended September 30, 2024
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, June 30, 2024	299,747,133	$2,997	$1,176,630	$(93,264)	$(102,561)	$704	$984,506
Net income	—	—	—	—	42,338	—	42,338
Other comprehensive income	—	—	—	10,305	—	—	10,305
Dividends declared	—	—	—	—	(18,134)	—	(18,134)
Shares issued in connection with deferred compensation plan	2,181,214	22	(22)	—	—	—	—
Deferred compensation plan elective participant deferrals	—	—	43	—	—	—	43
Shares issued in connection with executive bonus plan	88,296	1	4,282	—	—	—	4,283
Shares issued in connection with employee stock purchase plan, net	131,558	1	5,667	—	(173)	—	5,495
Stock-based compensation expense	—	—	14,843	—	—	—	14,843
Shares related to restricted stock, net	77,657	1	(1)	—	(1,415)	—	(1,415)
Repurchases of Class B common stock under approved program	(183,056)	(2)	—	—	(8,252)	—	(8,254)
Balance, September 30, 2024	302,042,802	$3,020	$1,201,442	$(82,959)	$(88,197)	$704	$1,034,010

	Nine Months Ended September 30, 2024
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, 2023	296,265,837	$2,963	$1,127,234	$(84,987)	$(161,932)	$704	$883,982
Net income	—	—	—	—	184,694	—	184,694
Other comprehensive income	—	—	—	2,028	—	—	2,028
Dividends declared	—	—	—	—	(53,985)	—	(53,985)
Shares issued in connection with deferred compensation plan	4,655,277	46	(46)	—	—	—	—
Deferred compensation plan elective participant deferrals	—	—	144	—	—	—	144
Shares issued in connection with executive bonus plan	256,587	3	13,196	—	—	—	13,199
Shares issued in connection with employee stock purchase plan, net	253,578	2	11,226	—	(348)	—	10,880
Stock option exercises, net	844,283	8	3,999	—	(2,195)	—	1,812
Shares issued for stock grants, net	11,391	—	600	—	—	—	600
Stock-based compensation expense	—	—	45,096	—	—	—	45,096
Shares related to restricted stock, net	668,586	7	(7)	—	(8,671)	—	(8,671)
Repurchases of Class B common stock under approved program	(912,737)	(9)	—	—	(45,760)	—	(45,769)
Balance, September 30, 2024	302,042,802	$3,020	$1,201,442	$(82,959)	$(88,197)	$704	$1,034,010

Consolidated Statements of Stockholders’ Equity

(in thousands, except share data)

	Three Months Ended September 30, 2023
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, June 30, 2023	294,712,983	$2,947	$1,085,066	$(87,828)	$(357,117)	$704	$643,772
Net income	—	—	—	—	53,027	—	53,027
Other comprehensive loss	—	—	—	(7,300)	—	—	(7,300)
Dividends declared	—	—	—	—	(14,768)	—	(14,768)
Shares issued in connection with deferred compensation plan, net	63,267	—	—	—	(2,127)	—	(2,127)
Deferred compensation plan elective participant deferrals	—	—	61	—	—	—	61
Shares issued in connection with executive bonus plan, net	34,313	—	3,251	—	(1,430)	—	1,821
Shares issued in connection with employee stock purchase plan, net	162,459	2	5,429	—	(623)	—	4,808
Stock option exercises, net	185,255	2	888	—	(419)	—	471
Stock-based compensation expense	—	—	14,122	—	—	—	14,122
Shares related to restricted stock, net	85,929	1	(1)	—	(1,726)	—	(1,726)
Balance, September 30, 2023	295,244,206	$2,952	$1,108,816	$(95,128)	$(325,183)	$704	$692,161

	Nine Months Ended September 30, 2023
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, 2022	289,014,487	$2,890	$1,030,466	$(89,740)	$(370,866)	$704	$573,454
Net income	—	—	—	—	147,202	—	147,202
Other comprehensive loss	—	—	—	(5,388)	—	—	(5,388)
Dividends declared	—	—	—	—	(43,992)	—	(43,992)
Shares issued in connection with deferred compensation plan, net	2,845,448	28	(28)	—	(38,456)	—	(38,456)
Deferred compensation plan elective participant deferrals	—	—	1,712	—	—	—	1,712
Shares issued in connection with executive bonus plan, net	171,510	2	13,055	—	(5,756)	—	7,301
Shares issued in connection with employee stock purchase plan, net	315,840	3	9,985	—	(845)	—	9,143
Stock option exercises, net	2,422,082	24	10,566	—	(6,408)	—	4,182
Shares issued for stock grants, net	12,639	—	600	—	—	—	600
Stock-based compensation expense	—	—	42,465	—	—	—	42,465
Shares related to restricted stock, net	462,200	5	(5)	—	(6,062)	—	(6,062)
Balance, September 30, 2023	295,244,206	$2,952	$1,108,816	$(95,128)	$(325,183)	$704	$692,161

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.