XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 83,637 $ 64,009
Accounts receivable 312,296 322,862
Allowance for doubtful accounts (8,736) (8,395)
Prepaid income taxes 8,802 13,066
Prepaid and other current assets 50,056 50,531
Total current assets 446,055 442,073
Property and equipment, net 33,302 33,798
Operating lease right-of-use assets 31,765 32,303
Intangible assets, net 202,811 213,959
Goodwill 2,380,494 2,367,179
Investments 25,871 25,764
Deferred income taxes 199,405 198,286
Other assets 83,231 86,445
Total assets 3,402,934 3,399,807
Current liabilities:    
Accounts payable 24,498 16,479
Accruals and other current liabilities 163,858 169,522
Cloud Services Subscription deposits 447,907 366,895
Deferred revenues 244,075 245,729
Operating lease liabilities 11,744 11,656
Income taxes payable 13,905 4,053
Current portion of long-term debt 0 0
Total current liabilities 905,987 814,334
Long-term debt 1,244,308 1,388,088
Deferred compensation plan liabilities 94,962 96,684
Long-term operating lease liabilities 26,092 26,894
Deferred revenues 16,576 16,641
Deferred income taxes 8,285 8,612
Income taxes payable 3,615 3,615
Other liabilities 5,420 3,819
Total liabilities 2,305,245 2,358,687
Commitments and contingencies (Note 18)
Equity:    
Preferred stock, $0.01 par value, authorized 100,000,000 shares; none issued or outstanding as of March 31, 2025 and December 31, 2024 0 0
Additional paid-in capital 1,239,817 1,217,986
Accumulated other comprehensive loss (97,583) (104,078)
Accumulated deficit (47,681) (75,941)
Total Bentley Systems stockholders’ equity 1,097,582 1,040,987
Noncontrolling interest 107 133
Total equity 1,097,689 1,041,120
Total liabilities and equity 3,402,934 3,399,807
Class A Common Stock    
Equity:    
Common stock 115 115
Class B Common Stock    
Equity:    
Common stock $ 2,914 $ 2,905