Bright Horizons Family Solutions Inc. (BFAM) financial statements (2020 and earlier)

Company profile

Business Address 200 TALCOTT AVENUE
WATERTOWN, MA 02472
State of Incorp.
Fiscal Year End December 31
SIC 8351 - Child Day Care Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments49152315128830
Cash and cash equivalents49152315128830
Restricted cash and investments83     
Receivables11813111797978379
Prepaid expense 52318271716
Other undisclosed current assets54392925173541
Total current assets:228194192154153223165
Noncurrent Assets
Operating lease, right-of-use asset658✕✕✕✕✕✕
Property, plant and equipment601597575529430399391
Long-term investments and receivables     22
Long-term investments     22
Intangible assets, net (including goodwill)1,6781,6711,6551,6421,5371,5021,531
Goodwill1,3721,3481,3071,2681,1481,0961,096
Intangible assets, net (excluding goodwill)306323349375389406435
Other noncurrent assets46634633311615
Other undisclosed noncurrent assets     (1)(2)
Total noncurrent assets:2,9832,3302,2762,2051,9981,9181,938
TOTAL ASSETS:3,2112,5242,4692,3592,1512,1412,103
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:181154133125115116108
Accounts payable 36322627137
Accrued liabilities 44413437  
Employee-related liabilities 685759475958
Taxes payable 1 325 
Interest and dividends payable  031  
Other undisclosed accounts payable and accrued liabilities18163023943
Deferred revenue175✕✕✕✕✕✕
Debt9229292220108
Deferred revenue and credits✕✕156147137133119
Contract with customer, liability✕170✕✕✕✕✕
Other liabilities23303429202020
Other undisclosed current liabilities 1001096513  
Total current liabilities:470484461388305279255
Noncurrent Liabilities
Long-term debt and lease obligation1,6731,0371,0461,054906912756
Long-term debt, excluding current maturities1,0301,0371,0461,054906912756
Operating lease, liability643✕✕✕✕✕✕
Liabilities, other than long-term debt100153139118998272
Customer advances or deposits✕✕   99
Deferred revenue and credits✕✕7566554943
Deferred revenue5✕✕✕✕✕✕
Contract with customer, liability✕6✕✕✕✕✕
Deferred rent credit 72✕✕✕✕✕
Off-market lease, unfavorable     11
Other liabilities94756452442319
Other undisclosed noncurrent liabilities747174112113117131
Total noncurrent liabilities:1,8471,2611,2591,2841,1181,111958
Total liabilities:2,3171,7451,7201,6711,4231,3901,214
Stockholders' equity
Stockholders' equity attributable to parent894779749688728751889
Common stock0000000
Additional paid in capital6636497478999831,0831,270
Accumulated other comprehensive income (loss)(95)(62)(33)(89)(39)(22)1
Retained earnings (accumulated deficit)32619335(122)(217)(311)(383)
Total stockholders' equity:894779749688728751889
TOTAL LIABILITIES AND EQUITY:3,2112,5242,4692,3592,1512,1412,103

Income statement (P&L) ($ in millions)
Annual | Quarterly

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,0201,9031,7411,5701,4581,3531,219
Cost of revenue(1,507)(1,430)(1,310)(1,179)(1,101)(1,039)(938)
Gross profit:512473431391358314281
Operating expenses(248)(234)(222)(194)(176)(170)(174)
Other operating expense, net
(Other Expenses)		  (4)    
Other undisclosed operating income     33
Operating income:264239205197182147109
Nonoperating income
(Investment Income, Nonoperating)		   0000
Interest and debt expense(47)(48)(44)(54)(42)(35)(104)
Income from continuing operations before income taxes:2171921611431401125
Income tax expense (benefit)(38)(34)(4)(48)(46)(40)8
Net income:17915815795947212
Net income attributable to noncontrolling interest      0
Net income attributable to parent:17915815795947213
Undistributed earnings (loss) allocated to participating securities, basic 11✕✕✕✕
Other undisclosed net loss available to common stockholders, basic(1)(2)(2)(1)(1)(0) 
Net income available to common stockholders, basic:17815715694937213
Other undisclosed net income available to common stockholders, diluted000000 
Net income available to common stockholders, diluted:17815715694937213

Comprehensive Income ($ in millions)
Annual | Quarterly

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:17915815795947212
Other comprehensive income (loss)(46)(29)56(50)(18)(23)11
Comprehensive income:13412921345764923
Comprehensive income, net of tax, attributable to noncontrolling interest      0
Other undisclosed comprehensive loss, net of tax, attributable to parent      (0)
Comprehensive income, net of tax, attributable to parent:13412921345764923

Statements sources

The financial statements are based on the company's filings with the 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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