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    Bright Horizons Family Solutions Inc (BFAM)

    Financials

    Updated May 5, 2025, 10:16 PM UTC
    Income Statement - MetricQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Revenue (USD, thousands)615,648.002,418,257622,709670,059.00719,099.00674,146.002,686,013665,527
    Cost of services (USD, thousands)499,746.001,886,533487,581507,647.00537,564.00533,615.002,066,407509,790
    Gross profit (USD, thousands)115,902.00531,724135,128162,412.00181,535.00140,531.00619,606155,737
    Selling, general and administrative expenses (USD, thousands)79,145.00327,06887,54687,499.0089,499.0090,101.00354,64591,861
    Amortization of intangible assets (USD, thousands)8,517.0033,4157,6455,854.002,640.002,203.0018,3421,604
    Income from operations (USD, thousands)28,240.00171,24139,93769,059.0089,396.0048,227.00246,61962,272
    Interest expense — net (USD, thousands)(14,252.00)(51,609)(13,681)(12,013.00)(11,613.00)(11,454.00)(48,761)(10,351)
    Income before income tax (USD, thousands)13,988.00119,63226,25657,046.0077,783.0036,773.00197,85851,921
    Income tax expense (USD, thousands)(8,464.00)(45,409)(9,267)(17,872.00)(22,878.00)(7,650.00)(57,667)(13,872)
    Net income (USD, thousands)5,524.0074,22316,98939,174.0054,905.0029,123.00140,19138,049
    Earnings per common share: Common stock — basic (USD)0.091.280.290.680.950.502.420.66
    Earnings per common share: Common stock — diluted (USD)0.101.280.290.670.940.502.400.66
    Balance Sheet - MetricQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash and cash equivalents [USD, thousands]71,56871,56863,683140,246109,933110,327110,327112,047
    Accounts receivable — net [USD, thousands]281,710281,710219,761184,987231,535283,336283,336239,196
    Prepaid expenses and other current assets [USD, thousands]93,62193,62164,77470,78562,548102,368102,36897,235
    Total current assets [USD, thousands]446,899446,899348,218396,018404,016496,031496,031448,478
    Fixed assets — net [USD, thousands]579,296579,296574,446578,925597,202572,939572,939575,138
    Goodwill [USD, thousands]1,786,4051,786,4051,771,4121,788,1661,827,9351,762,6831,762,6831,779,245
    Other intangible assets — net [USD, thousands]216,576216,576208,430203,930203,046197,575197,575196,404
    Operating lease right-of-use assets [USD, thousands]774,703774,703767,470756,215773,613725,897725,897731,384
    Other assets [USD, thousands]92,26592,265121,427114,145109,00195,19495,19492,708
    Total assets [USD, thousands]3,896,1443,896,1443,791,4033,837,3993,914,8133,850,3193,850,3193,823,357
    Current portion of long-term debt [USD, thousands]18,50018,50021,00023,50026,00028,50028,50025,000
    Accounts payable and accrued expenses [USD, thousands]259,077259,077237,966282,760278,659304,541304,541273,420
    Current portion of operating lease liabilities [USD, thousands]100,387100,38799,769100,934104,664102,090102,090103,348
    Deferred revenue (Current) [USD, thousands]272,891272,891278,592258,896222,213305,098305,098308,589
    Other current liabilities [USD, thousands]148,578148,57849,09746,39635,35839,17039,17033,897
    Total current liabilities [USD, thousands]799,433799,433686,424712,486666,894779,399779,399744,254
    Long-term debt — net [USD, thousands]944,264944,264938,060931,857925,653918,449918,449872,745
    Operating lease liabilities [USD, thousands]796,701796,701788,894775,324787,095743,562743,562746,494
    Other long-term liabilities [USD, thousands]101,259101,259105,78491,56496,07094,50194,501111,675
    Deferred revenue (Long-term) [USD, thousands]8,6568,65610,55413,13816,66315,71315,713-
    Deferred income taxes (Liability) [USD, thousands]33,15533,15532,41829,80923,24720,29920,29924,218
    Total liabilities [USD, thousands]2,683,4682,683,4682,562,1342,554,1782,515,6222,571,9232,571,9232,499,386
    Common stock [USD, thousands]58585858585757-
    Additional paid-in capital [USD, thousands]645,894645,894663,406673,013697,039622,618622,618622,618
    Accumulated other comprehensive loss [USD, thousands](59,101)(59,101)(77,009)(71,838)(34,799)(110,295)(110,295)(110,295)
    Retained earnings [USD, thousands]625,825625,825642,814681,988736,893766,016766,016766,016
    Total stockholders’ equity [USD, thousands]1,212,6761,212,6761,229,2691,283,2211,399,1911,278,3961,278,3961,323,971
    Total liabilities and stockholders’ equity [USD, thousands]3,896,1443,896,1443,791,4033,837,3993,914,8133,850,3193,850,3193,823,357
    Cash Flow - MetricQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net income [USD, thousands]-------38,049
    Depreciation and amortization [USD, thousands]-------21,875
    Stock-based compensation expense [USD, thousands]-------8,157
    Deferred income taxes [USD, thousands]-------5,012
    Amortization of original issue discount and deferred financing costs, and other non-cash items [USD, thousands]-------(113)
    Net cash provided by operating activities [USD, thousands]-------86,178
    Purchases of fixed assets [USD, thousands]-------(15,231)
    Purchases of debt securities and other investments [USD, thousands]-------(4,185)
    Proceeds from the maturity of debt securities and sale of other investments [USD, thousands]-------4,874
    Payments and settlements for acquisitions — net of cash acquired [USD, thousands]--------
    Net cash used in investing activities [USD, thousands]-------(14,542)
    Principal payments of long-term debt [USD, thousands]-------(49,500)
    Purchase of treasury stock [USD, thousands]-------(19,573)
    Proceeds from issuance of common stock upon exercise of options and restricted stock upon purchase [USD, thousands]-------8,251
    Taxes paid related to the net share settlement of stock options and restricted stock [USD, thousands]-------(12,587)
    Payments of deferred and contingent consideration for acquisitions [USD, thousands]--------
    Net cash provided by (used in) financing activities [USD, thousands]-------(73,409)
    Effect of exchange rates on cash, cash equivalents and restricted cash [USD, thousands]-------2,026
    Net increase (decrease) in cash, cash equivalents and restricted cash [USD, thousands]-------253
    Cash, cash equivalents and restricted cash — beginning of year [USD, thousands]-------123,715
    Cash, cash equivalents and restricted cash — end of year [USD, thousands]-------123,968
    Revenue by Segment - in Millions of USDQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Full Service Child Care447.171,780.615483.640507.1486.567484.491,961.8510.547
    - Tuition401.891,614.685440.550463.4440.663---
    - Management Fees/Subsidies45.18165.93043.09043.745.904---
    Back-Up Care134.59516.408114.672136.5201.783157.15610.1128.612
    Educational Advisory Services33.91121.23424.39726.530.74932.45114.126.368
    Total Revenue615.672,418.257622.709670.1719.099674.092,686.0665.527
    Revenue by Geography - in Millions of USDQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    North America451.141,760.537448.01480.684521.576486.631,936.9-
    International164.5657.720174.70189.375197.523187.5749.1-
    - United Kingdom-368.5------
    Total Revenue615.642,418.257622.71670.059719.099674.132,686.0-
    KPIs - Metric (Unit, Scale)Q1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Total number of child care centers (count)-1,0491,0441,0321,028-1,019-
    Number of child care centers in North America (count)-618----599-
    Number of child care centers internationally (count)-431----420-
    Capacity to serve children (count)-120,000120,000115,000115,000-115,000-
    Number of employer client relationships (count)-1,450----1,450-
    Number of Fortune 500 client relationships (count)-220----220-
    Percentage of child care centers in Healthcare and Pharmaceuticals (North America) (percentage)-20.0----20.0-
    Percentage of child care centers in Government and Higher Education (North America) (percentage)-12.5----12.5-
    Percentage of child care centers in Financial Services (North America) (percentage)-7.5----7.5-
    Percentage of child care centers in Consumer (North America) (percentage)-7.5----7.5-
    Percentage of child care centers in Technology (North America) (percentage)-5.0----5.0-
    Percentage of child care centers in Professional Services and Other (North America) (percentage)-5.0----5.0-
    Percentage of child care centers in Industrial/Manufacturing (North America) (percentage)-2.5----2.5-
    Percentage of child care centers in employer locations (North America) (percentage)-60.0----60.0-
    Percentage of child care centers in lease or consortium locations (North America) (percentage)-40.0----40.0-
    Percentage of child care centers in Healthcare and Pharmaceuticals (International) (percentage)-2.0----2.0-
    Percentage of child care centers in Government and Higher Education (International) (percentage)-4.0----2.0-
    Percentage of child care centers in Financial Services (International) (percentage)-2.0----2.0-
    Percentage of child care centers in Industrial or Manufacturing (International) (percentage)-1.0----1.0-
    Percentage of child care centers in employer locations (International) (percentage)-10.0----7.0-
    Percentage of child care centers in lease or consortium locations (International) (percentage)-90.0----93.0-
    Number of centers in same-center occupancy cohort (count)-809800786778-768-
    Percentage of centers with occupancy above 70% in same-center cohort (percentage)-36445142-39-
    Percentage of centers with occupancy 40% to 70% in same-center cohort (percentage)-46423945-45-
    Percentage of centers with occupancy below 40% in same-center cohort (percentage)-18141013-16-
    Number of center closures (count)-49----56-
    Net enrollment growth (percentage)-8643-4-