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)

12/31/2019
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 investments45152315128830
Cash and cash equivalents28152315128830
Short-term investments17      
Restricted cash and investments33     
Receivables14913111797978379
Prepaid expense552318271716
Other undisclosed current assets26392925173541
Total current assets:229194192154153223165
Noncurrent Assets
Operating lease, right-of-use asset701
Property, plant and equipment636597575529430399391
Long-term investments and receivables     22
Long-term investments     22
Intangible assets, net (including goodwill)1,7181,6711,6551,6421,5371,5021,531
Goodwill1,4131,3481,3071,2681,1481,0961,096
Intangible assets, net (excluding goodwill)305323349375389406435
Other noncurrent assets47634633311615
Other undisclosed noncurrent assets     (1)(2)
Total noncurrent assets:3,1022,3302,2762,2051,9981,9181,938
TOTAL ASSETS:3,3302,5242,4692,3592,1512,1412,103
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:167154133125115116108
Accounts payable3236322627137
Accrued liabilities5444413437  
Employee-related liabilities77685759475958
Taxes payable 1 325 
Interest and dividends payable  031  
Other undisclosed accounts payable and accrued liabilities563023943
Deferred revenue191
Debt9429292220108
Deferred revenue and credits156147137133119
Contract with customer, liability170
Other liabilities31303429202020
Other undisclosed current liabilities 1001096513  
Total current liabilities:483484461388305279255
Noncurrent Liabilities
Long-term debt and lease obligation1,7141,0371,0461,054906912756
Long-term debt, excluding current maturities1,0281,0371,0461,054906912756
Operating lease, liability686
Liabilities, other than long-term debt162153139118998272
Customer advances or deposits   99
Deferred revenue and credits7566554943
Deferred revenue10
Contract with customer, liability6
Deferred rent credit 72
Deferred income tax liabilities59
Off-market lease, unfavorable     11
Other liabilities93756452442319
Other undisclosed noncurrent liabilities 7174112113117131
Total noncurrent liabilities:1,8761,2611,2591,2841,1181,111958
Total liabilities:2,3591,7451,7201,6711,4231,3901,214
Stockholders' equity
Stockholders' equity attributable to parent971779749688728751889
Common stock0000000
Additional paid in capital6486497478999831,0831,270
Accumulated other comprehensive income (loss)(50)(62)(33)(89)(39)(22)1
Retained earnings (accumulated deficit)37419335(122)(217)(311)(383)
Total stockholders' equity:971779749688728751889
TOTAL LIABILITIES AND EQUITY:3,3302,5242,4692,3592,1512,1412,103

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,0621,9031,7411,5701,4581,3531,219
Cost of revenue(1,539)(1,430)(1,310)(1,179)(1,101)(1,039)(938)
Gross profit:523473431391358314281
Operating expenses(255)(234)(222)(194)(176)(170)(174)
Other operating expense, net
(Other Expenses)
  (4)    
Other undisclosed operating income     33
Operating income:268239205197182147109
Nonoperating income
(Investment Income, Nonoperating)
   0000
Interest and debt expense(0)(48)(44)(54)(42)(35)(104)
Other undisclosed loss from continuing operations before equity method investments, income taxes(45)      
Income from continuing operations before income taxes:2231921611431401125
Income tax expense (benefit)(42)(34)(4)(48)(46)(40)8
Net income:18015815795947212
Net income attributable to noncontrolling interest      0
Net income attributable to parent:18015815795947213
Undistributed earnings (loss) allocated to participating securities, basic111
Other undisclosed net loss available to common stockholders, basic(2)(2)(2)(1)(1)(0) 
Net income available to common stockholders, basic:18015715694937213
Other undisclosed net income available to common stockholders, diluted000000 
Net income available to common stockholders, diluted:18015715694937213

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:18015815795947212
Other comprehensive income (loss)12(29)56(50)(18)(23)11
Comprehensive income:19212921345764923
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:19212921345764923

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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