Bright Horizons Family Solutions Inc. (BFAM) financial statements (2022 and earlier)

Company profile

Business Address 2 WELLS AVENUE
NEWTON, MA 02459
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments406451523151288
Cash and cash equivalents384281523151288
Short-term investments2117     
Restricted cash and investments433    
Receivables177149131117979783
Prepaid expense65523182717
Other undisclosed current assets32263929251735
Total current assets:624229194192154153223
Noncurrent Assets
Operating lease, right-of-use asset718701
Property, plant and equipment629636597575529430399
Long-term investments and receivables      2
Long-term investments      2
Intangible assets, net (including goodwill)1,7071,7181,6711,6551,6421,5371,502
Goodwill1,4321,4131,3481,3071,2681,1481,096
Intangible assets, net (excluding goodwill)275305323349375389406
Other noncurrent assets49476346333116
Other undisclosed noncurrent assets      (1)
Total noncurrent assets:3,1023,1022,3302,2762,2051,9981,918
TOTAL ASSETS:3,7273,3302,5242,4692,3592,1512,141
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:195167154133125115116
Accounts payable30323632262713
Accrued liabilities755444413437 
Employee-related liabilities90776857594759
Taxes payable  1 325
Interest and dividends payable   031 
Other undisclosed accounts payable and accrued liabilities 5630239
Deferred revenue198191
Debt23942929222010
Deferred compensation liability1      
Deferred revenue and credits156147137133
Contract with customer, liability170
Other liabilities40313034292020
Other undisclosed current liabilities74 1001096513 
Total current liabilities:531483484461388305279
Noncurrent Liabilities
Long-term debt and lease obligation1,7501,7141,0371,0461,054906912
Long-term debt, excluding current maturities1,0201,0281,0371,0461,054906912
Operating lease, liability730686
Liabilities, other than long-term debt1621621531391189982
Customer advances or deposits   9
Deferred revenue and credits75665549
Deferred revenue1010
Contract with customer, liability6
Deferred rent credit  72
Deferred income tax liabilities4659
Off-market lease, unfavorable      1
Other liabilities106937564524423
Other undisclosed noncurrent liabilities  7174112113117
Total noncurrent liabilities:1,9121,8761,2611,2591,2841,1181,111
Total liabilities:2,4432,3591,7451,7201,6711,4231,390
Stockholders' equity
Stockholders' equity attributable to parent1,284971779749688728751
Common stock0000000
Additional paid in capital9106486497478999831,083
Accumulated other comprehensive loss(27)(50)(62)(33)(89)(39)(22)
Retained earnings (accumulated deficit)40137419335(122)(217)(311)
Total stockholders' equity:1,284971779749688728751
TOTAL LIABILITIES AND EQUITY:3,7273,3302,5242,4692,3592,1512,141

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,5152,0621,9031,7411,5701,4581,353
Cost of revenue(1,211)(1,539)(1,430)(1,310)(1,179)(1,101)(1,039)
Gross profit:305523473431391358314
Operating expenses(251)(255)(234)(222)(194)(176)(170)
Other operating expense, net
(Other Expenses)
   (4)   
Other undisclosed operating income      3
Operating income:53268239205197182147
Nonoperating income
(Investment Income, Nonoperating)
    000
Interest and debt expense(0)(0)(48)(44)(54)(42)(35)
Other undisclosed loss from continuing operations before equity method investments, income taxes(37)(45)     
Income from continuing operations before income taxes:16223192161143140112
Income tax expense (benefit)11(42)(34)(4)(48)(46)(40)
Net income attributable to parent:27180158157959472
Undistributed earnings (loss) allocated to participating securities, basic0111
Other undisclosed net loss available to common stockholders, basic(0)(2)(2)(2)(1)(1)(0)
Net income available to common stockholders, basic:27180157156949372
Other undisclosed net income available to common stockholders, diluted0000000
Net income available to common stockholders, diluted:27180157156949372

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:27180158157959472
Other comprehensive income (loss)(2)12(29)56(50)(18)(23)
Comprehensive income:25192129213457649
Other undisclosed comprehensive income, net of tax, attributable to parent25      
Comprehensive income, net of tax, attributable to parent:50192129213457649

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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