greeksoup/ stock research
Stock research / United States / BSY / FY2018

Bentley Systems (BSY) FY2018 results: revenue $692 million

Bentley Systems Inc. (BSY) reported revenue of $692 million for fiscal 2018, the year ended 31 December 2018. Net income was $142 million, and diluted earnings per share $0.49. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2021.

Revenue
$692 million
FY2018FY2018
Operating margin
17.5%
FY2018FY2018
Net income
$142 million
FY2018FY2018
Diluted EPS
$0.49
FY2018FY2018

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2018Last 8 years
Revenue692
Cost of revenue131
Gross profit560
Gross margin81.0%
Research and development175
Operating income121
Operating margin17.5%
Interest expense9.6
Pre-tax income113
Income tax-29.2
Effective tax rate-25.9%
Net income142
Net margin20.5%
Diluted EPS$0.49
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2018Last 8 years
Operating cash flow161
Capital expenditure18.6
Free cash flow143
Free cash flow margin20.7%
Cash from investing-155
Cash from financing-58.8
Depreciation and amortisation29.2
Share-based compensation7.9
Buybacks46.5
Dividends paid20.1
Dividend per share$0.08
Diluted shares, weighted293m

Balance sheet

$ millionFY2018Last 8 years
Shareholders' equity147
Goodwill446
Cash and equivalents81.2

10-K for the year ended 31 December 2018, filed 2 March 2021: the filing.