Bright Horizons Family Solutions Inc. (BFAM) financial statements (2023 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)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2844064515231512
Cash and cash equivalents2613842815231512
Short-term investments232117    
Restricted cash and investments4433   
Receivables2111771491311179797
Prepaid expense6655231827
Other undisclosed current assets35322639292517
Total current assets:540624229194192154153
Noncurrent Assets
Operating lease, right-of-use asset696718701✕✕✕✕
Property, plant and equipment598629636597575529430
Intangible assets, net (including goodwill)1,7331,7071,7181,6711,6551,6421,537
Goodwill1,4821,4321,4131,3481,3071,2681,148
Intangible assets, net (excluding goodwill)251275305323349375389
Other noncurrent assets72494763463331
Total noncurrent assets:3,1003,1023,1022,3302,2762,2051,998
TOTAL ASSETS:3,6403,7273,3302,5242,4692,3592,151
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:197195167154133125115
Accounts payable9303236322627
Accrued liabilities76755444413437
Employee-related liabilities102907768575947
Taxes payable   1 32
Interest and dividends payable    031
Other undisclosed accounts payable and accrued liabilities11 56302
Deferred revenue258198191✕✕✕✕
Debt16239429292220
Deferred compensation liability11     
Deferred revenue and credits✕✕✕✕156147137
Contract with customer, liability✕✕✕170✕✕✕
Other liabilities63403130342920
Other undisclosed current liabilities8674 1001096513
Total current liabilities:622531483484461388305
Noncurrent Liabilities
Long-term debt and lease obligation1,6801,7501,7141,0371,0461,054906
Long-term debt, excluding current maturities9761,0201,0281,0371,0461,054906
Operating lease, liability704730686✕✕✕✕
Liabilities, other than long-term debt15816216215313911899
Deferred revenue and credits✕✕✕✕756655
Deferred revenue101010✕✕✕✕
Contract with customer, liability✕✕✕6✕✕✕
Deferred rent credit   72✕✕✕
Deferred income tax liabilities494659✕✕✕✕
Other liabilities1001069375645244
Other undisclosed noncurrent liabilities   7174112113
Total noncurrent liabilities:1,8391,9121,8761,2611,2591,2841,118
Total liabilities:2,4612,4432,3591,7451,7201,6711,423
Stockholders' equity
Stockholders' equity attributable to parent1,1791,284971779749688728
Common stock0000000
Additional paid in capital746910648649747899983
Accumulated other comprehensive loss(37)(27)(50)(62)(33)(89)(39)
Retained earnings (accumulated deficit)47140137419335(122)(217)
Total stockholders' equity:1,1791,284971779749688728
TOTAL LIABILITIES AND EQUITY:3,6403,7273,3302,5242,4692,3592,151

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,7551,5152,0621,9031,7411,5701,458
Cost of revenue(1,340)(1,211)(1,539)(1,430)(1,310)(1,179)(1,101)
Gross profit:415305523473431391358
Operating expenses(286)(251)(255)(234)(222)(194)(176)
Other operating expense, net
(Other Expenses)		    (4)  
Operating income:12953268239205197182
Nonoperating income
(Investment Income, Nonoperating)		     00
Interest and debt expense(3)(0)(0)(48)(44)(54)(42)
Other undisclosed loss from continuing operations before equity method investments, income taxes (37)(45)    
Income from continuing operations before equity method investments, income taxes:12616223192161143140
Other undisclosed loss from continuing operations before income taxes(36)      
Income from continuing operations before income taxes:9016223192161143140
Income tax expense (benefit)(20)11(42)(34)(4)(48)(46)
Net income attributable to parent:70271801581579594
Undistributed earnings (loss) allocated to participating securities, basic(0)0111✕✕
Other undisclosed net loss available to common stockholders, basic (0)(2)(2)(2)(1)(1)
Net income available to common stockholders, basic:70271801571569493
Other undisclosed net income available to common stockholders, diluted 000000
Net income available to common stockholders, diluted:70271801571569493

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:70271801581579594
Other comprehensive income (loss) (2)12(29)56(50)(18)
Comprehensive income:70251921292134576
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(10)25     
Comprehensive income, net of tax, attributable to parent:60501921292134576

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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