|
Three Months Ended |
|
Year Ended |
||||||||||||
|
December 31, |
|
December 31, |
||||||||||||
|
|
2022 |
|
|
|
2021 |
|
|
|
2022 |
|
|
|
2021 |
|
Net income |
$ |
25,722 |
|
|
$ |
38,581 |
|
|
$ |
174,780 |
|
|
$ |
93,192 |
|
Interest expense, net |
|
11,114 |
|
|
|
3,555 |
|
|
|
34,635 |
|
|
|
11,221 |
|
Provision (benefit) for income taxes |
|
13,062 |
|
|
|
1,642 |
|
|
|
21,283 |
|
|
|
(3,448 |
) |
Depreciation and amortization |
|
17,893 |
|
|
|
16,847 |
|
|
|
71,537 |
|
|
|
52,793 |
|
Stock-based compensation |
|
23,592 |
|
|
|
15,966 |
|
|
|
74,566 |
|
|
|
48,152 |
|
| Deferred compensation plan |
|
6,091 |
|
|
|
5,719 |
|
|
|
(15,782 |
) |
|
|
95,046 |
|
| Acquisition expenses |
|
4,342 |
|
|
|
6,369 |
|
|
|
25,398 |
|
|
|
34,368 |
|
| Realignment (income) expenses |
|
(114 |
) |
|
|
— |
|
|
|
2,109 |
|
|
|
— |
|
| Other income, net |
|
(9,505 |
) |
|
|
(1,155 |
) |
|
|
(24,298 |
) |
|
|
(9,961 |
) |
| Loss from investments accounted for using the equity method, net of tax |
|
366 |
|
|
|
646 |
|
|
|
2,212 |
|
|
|
3,585 |
|
| Adjusted EBITDA |
$ |
92,563 |
|
|
$ |
88,170 |
|
|
$ |
366,440 |
|
|
$ |
324,948 |
|
|
Bentley Systems Announces 22Q4 and 2022 Operating Results, and Its 2023 Financial Outlook
Reconciliation of net income to Adjusted EBITDA:
|
|
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|
|
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