Bright Horizons Family Solutions Inc. (BFAM) Financial Statements (2024 and earlier)

Company Profile

Business Address 2 WELLS AVENUE
NEWTON, MA 02459
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 8351 - Child Day Care Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments94542844064515
Cash and cash equivalents72362613842815
Short-term investments 2218232117 
Restricted cash and investments1644433
Receivables282217211177149131
Prepaid expense 1396655
Derivative instruments and hedges, assets  25    
Other undisclosed current assets433835322639
Total current assets:447348540624229194
Noncurrent Assets
Operating lease, right-of-use asset775802696718701
Property, plant and equipment579571598629636597
Intangible assets, net (including goodwill)2,0031,9731,7331,7071,7181,671
Goodwill1,7861,7281,4821,4321,4131,348
Intangible assets, net (excluding goodwill)217246251275305323
Other noncurrent assets9210572494763
Total noncurrent assets:3,4493,4513,1003,1023,1022,330
TOTAL ASSETS:3,8963,7993,6403,7273,3302,524
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:259231197195167154
Taxes payable   1
Employee-related liabilities102907768
Accounts payable 25259303236
Accrued liabilities 20117576755444
Other undisclosed accounts payable and accrued liabilities333111 56
Deferred revenue273223258198191
Debt282516239429
Deferred compensation liability 2111  
Other liabilities14913963403130
Contract with customer, liability170
Other undisclosed current liabilities901698674 100
Total current liabilities:799786622531483484
Noncurrent Liabilities
Long-term debt and lease obligation9449621,6801,7501,7141,037
Long-term debt, excluding current maturities9449629761,0201,0281,037
Liabilities, other than long-term debt940971158162162153
Deferred revenue99101010
Contract with customer, liability6
Deferred rent credit      72
Deferred income tax liabilities3351494659
Other liabilities1011001001069375
Operating lease, liability797810704730686
Other undisclosed noncurrent liabilities      71
Total noncurrent liabilities:1,8841,9321,8391,9121,8761,261
Total liabilities:2,6832,7182,4612,4432,3591,745
Equity
Equity, attributable to parent1,2131,0801,1791,284971779
Common stock000000
Additional paid in capital646599746910648649
Accumulated other comprehensive loss(59)(71)(37)(27)(50)(62)
Retained earnings626552471401374193
Total equity:1,2131,0801,1791,284971779
TOTAL LIABILITIES AND EQUITY:3,8963,7993,6403,7273,3302,524

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2,4182,0201,7551,5152,0621,903
Cost of revenue(1,887)(1,542)(1,340)(1,211)(1,539)(1,430)
Gross profit:532479415305523473
Operating expenses(360)(321)(286)(251)(255)(234)
Operating income:17115812953268239
Nonoperating income (expense)
(loss, Foreign Currency Transaction, before Tax)
  (6)    
Interest and debt expense   (3)(0)(0)(48)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (37)(45) 
Income from continuing operations before equity method investments, income taxes:17115212616223192
Other undisclosed loss from continuing operations before income taxes(52)(39)(36)   
Income from continuing operations before income taxes:1201129016223192
Income tax expense (benefit)(45)(32)(20)11(42)(34)
Income from continuing operations:74817027180158
Income before gain (loss) on sale of properties:7027180158
Net income attributable to parent:74817027180158
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)011
Other undisclosed net loss available to common stockholders, basic    (0)(2)(2)
Net income available to common stockholders, basic:74807027180157
Other undisclosed net income available to common stockholders, diluted    000
Net income available to common stockholders, diluted:74807027180157

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:74817027180158
Other comprehensive income (loss)    (2)12(29)
Comprehensive income:74817025192129
Other undisclosed comprehensive income (loss), net of tax, attributable to parent12(33)(10)25  
Comprehensive income, net of tax, attributable to parent:86476050192129

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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