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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments54284406451523
Cash and cash equivalents36261384281523
Short-term investments 18232117  
Restricted cash and investments44433 
Receivables217211177149131117
Prepaid expense 9665523
Derivative instruments and hedges, assets 25     
Other undisclosed current assets383532263929
Total current assets:348540624229194192
Noncurrent Assets
Operating lease, right-of-use asset802696718701
Property, plant and equipment571598629636597575
Intangible assets, net (including goodwill)1,9731,7331,7071,7181,6711,655
Goodwill1,7281,4821,4321,4131,3481,307
Intangible assets, net (excluding goodwill)246251275305323349
Other noncurrent assets1057249476346
Total noncurrent assets:3,4513,1003,1023,1022,3302,276
TOTAL ASSETS:3,7993,6403,7273,3302,5242,469
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:231197195167154133
Interest and dividends payable    0
Taxes payable   1 
Employee-related liabilities10290776857
Accounts payable 25930323632
Accrued liabilities 1757675544441
Other undisclosed accounts payable and accrued liabilities3111 563
Deferred revenue223258198191
Debt251623942929
Deferred compensation liability 111   
Deferred revenue and credits156
Contract with customer, liability170
Other liabilities1396340313034
Other undisclosed current liabilities1698674 100109
Total current liabilities:786622531483484461
Noncurrent Liabilities
Long-term debt and lease obligation9621,6801,7501,7141,0371,046
Long-term debt, excluding current maturities9629761,0201,0281,0371,046
Liabilities, other than long-term debt971158162162153139
Deferred revenue and credits75
Deferred revenue9101010
Contract with customer, liability6
Deferred rent credit     72
Deferred income tax liabilities51494659
Other liabilities100100106937564
Operating lease, liability810704730686
Other undisclosed noncurrent liabilities     7174
Total noncurrent liabilities:1,9321,8391,9121,8761,2611,259
Total liabilities:2,7182,4612,4432,3591,7451,720
Equity
Equity, attributable to parent1,0801,1791,284971779749
Common stock000000
Additional paid in capital599746910648649747
Accumulated other comprehensive loss(71)(37)(27)(50)(62)(33)
Retained earnings55247140137419335
Total equity:1,0801,1791,284971779749
TOTAL LIABILITIES AND EQUITY:3,7993,6403,7273,3302,5242,469

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,0201,7551,5152,0621,9031,741
Cost of revenue(1,542)(1,340)(1,211)(1,539)(1,430)(1,310)
Gross profit:479415305523473431
Operating expenses(321)(286)(251)(255)(234)(222)
Other operating expense, net
(Other Expenses)
      (4)
Operating income:15812953268239205
Nonoperating income (expense)
(loss, Foreign Currency Transaction, before Tax)
 (6)     
Interest and debt expense  (3)(0)(0)(48)(44)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (37)(45)  
Income from continuing operations before equity method investments, income taxes:15212616223192161
Other undisclosed loss from continuing operations before income taxes(39)(36)    
Income from continuing operations before income taxes:1129016223192161
Income tax expense (benefit)(32)(20)11(42)(34)(4)
Income from continuing operations:817027180158157
Income before gain (loss) on sale of properties:7027180158157
Net income attributable to parent:817027180158157
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)0111
Other undisclosed net loss available to common stockholders, basic   (0)(2)(2)(2)
Net income available to common stockholders, basic:807027180157156
Other undisclosed net income available to common stockholders, diluted   0000
Net income available to common stockholders, diluted:807027180157156

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:817027180158157
Other comprehensive income (loss)   (2)12(29)56
Comprehensive income:817025192129213
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(33)(10)25   
Comprehensive income, net of tax, attributable to parent:476050192129213

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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